First Financial Bank in Twin Valley, Minnesota (MN)
| First Financial Bank | |
|---|---|
| General | FDIC Certificate #: 16115 Status: Active Federal Reserve ID: 188757 Bank Holding Company (Regulatory Top Holder): Medr Bancshares, Inc. (RSSDID: 1122703, Location: Erskine, MN) Date Established: January 03, 1944 WWW: http://www.ffbtwinvalley.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 10331 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 03, 1944 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 205 Main Avenue West, Twin Valley, MN 56584 County: Norman Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Grand Forks Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $16.1 mil Equity capital: $2.0 mil Deposits held in domestic offices: $14.0 mil Return on assets (ROA): 0.40% ($0.1 mil) Quarterly return on assets: 0.18% ($0.0 mil) Return on Equity (ROE): 3.48% ($0.1 mil) Quarterly return on equity: 1.37% ($0.0 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.40% ($64.4 mil) Quarterly Pretax return on assets: 0.18% ($29.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 5 |
| Total assets | $16,095 |
| Cash and due from depository institutions | $2,435 |
| Interest-bearing balances | $1,929 |
| Securities | $6,249 |
| Federal funds sold & reverse repurchase agreements | $3,000 |
| Net loans & leases | $4,095 |
| Loan loss allowance | $109 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $153 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $163 |
| Life insurance assets | $16,095 |
| Total liabilities and capital | $14,054 |
| Total liabilities | $14,039 |
| Total deposits | $9,760 |
| Interest-bearing deposits | $14,039 |
| Deposits held in domestic offices | $92 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $15 |
| All other liabilities | $2,041 |
| Total equity capital | $2,041 |
| Total bank equity capital | $2,041 |
| Perpetual preferred stock | $0 |
| Common stock | $50 |
| Surplus | $950 |
| Undivided profits | $1,041 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $74 |
| Earning assets | $70 |
| Long-term assets (5+ years) | $103 |
| Average Assets, year-to-date | $15,273 |
| Average Assets, quarterly | $4,618 |
| Volatile liabilities | $16,113 |
| Insider loans | $15,833 |
| FHLB advances | $5,654 |
| Loans and leases held for sale | $16,072 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $1,880 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $495 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $520 |
| Total interest expense | $54 |
| Net interest income | $466 |
| Provision for loan and lease losses | $5 |
| Total noninterest income | $84 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $71 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $13 |
| Total noninterest expense | $480 |
| Salaries and employee benefits | $258 |
| Premises and equipment expense | $75 |
| Additional noninterest expense | $147 |
| Pre-tax net operating income | $65 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $65 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $65 |
| Net charge-offs | $0 |
| Cash dividends | $65 |
| Sale, conversion, retirement of capital stock, net | $25 |
| Net operating income | $27 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.40% |
| Cost of funding earning assets | 0.35% |
| Net interest margin | 3.05% |
| Noninterest income to earning assets | 0.55% |
| Noninterest expense to earning assets | 3.14% |
| Net operating income to assets | 0.40% |
| Return on assets (ROA) | 0.40% |
| Pretax return on assets | 0.40% |
| Return on equity (ROE) | 3.48% |
| Retained earnings to average equity (YTD only) | 2.03% |
| Net charge-offs to loans | 0.54% |
| Credit loss provision to net charge-offs | 20.00% |
| Efficiency ratio | 2.80% |
| Assets per employee | $87,273 |
| Cash dividends to net income (YTD only) | 3.22% |
| Condition Ratios (%) | |
| Loss allowance to loans | 41.54% |
| Loss allowance to noncurrent loans | 2.59% |
| Noncurrent assets plus other real estate owned to assets | 147.30% |
| Noncurrent loans to loans | 0.46% |
| Net loans and leases to deposits | 1.76% |
| Net loans and leases to core deposits | 29.17% |
| Equity capital to assets | 29.17% |
| Core capital (leverage) ratio | 12.68% |
| Tier 1 risk-based capital ratio | 11.70% |
| Total risk-based capital ratio | 33.25% |
| Memoranda | |
| Average assets | $35 |
| Average earning assets | $16,113 |
| Average equity | $1,870 |
| Average loans | $15,303 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 10331 | First Financial Bank | 205 Main Avenue West, Twin Valley, MN 56584 | January 03, 1944 | Full Service Brick and Mortar |  |
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