FDIC Certificate #: 5278 Status: Active Federal Reserve ID: 840354 Bank Holding Company (Regulatory Top Holder): Krause Financial, Inc. (RSSDID: 1843576, Location: Winnebago, MN) Date Established: January 01, 1913 WWW:http://www.1stbago.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 #: 3546 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 01, 1934 Last Structure Change Effective Date: June 27, 2008 Last Structure Change Process Date: July 30, 2008 Last Data Update: July 30, 2008 Data Source Date: April 05, 2012
Location
Address: One Main Street South, Winnebago, MN 56098 County: Faribault Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Mankato Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
History of Changes
Name Change
Change in Primary Regulatory Agency
Change in Supervisory Agency
Financial Summary
Total assets: $43.9 mil Equity capital: $6.3 mil Deposits held in domestic offices: $35.6 mil Return on assets (ROA): 1.74% ($0.8 mil) Quarterly return on assets: 1.35% ($0.6 mil) Return on Equity (ROE): 11.40% ($0.7 mil) Quarterly return on equity: 8.95% ($0.5 mil) Net income: $0.7 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.74% ($763.5 mil) Quarterly Pretax return on assets: 1.35% ($592.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
11Total employees (full-time equivalent)
$43,882Total assets
$4,208Cash and due from depository institutions
$2,543Interest-bearing balances
$8,511Securities
$0Federal funds sold & reverse repurchase agreements
$29,602Net loans & leases
$399Loan loss allowance
$0Trading account assets
$394Bank premises and fixed assets
$20Other real estate owned
$0Goodwill and other intangibles
$43,881Life insurance assets
$1,147All other assets
$37,568Total liabilities and capital
$35,596Total liabilities
$28,504Total deposits
$35,596Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,945Trading liabilities
$0Other borrowed funds
$27Subordinated debt
$6,313All other liabilities
$6,313Total equity capital
$6,313Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$4,900Surplus
$1,313Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$609Income earned, not collected on loans
$0Earning assets
$310Long-term assets (5+ years)
$40,656Average Assets, year-to-date
$7,739Average Assets, quarterly
$40,634Volatile liabilities
$41,900Insider loans
$33,675FHLB advances
$41,342Loans and leases held for sale
$503Unused loan commitments
$503Tier 1 (core) risk-based capital
$6,040Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,952Restructured Loans and leases
$1,630Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,014Total interest income
$350Total interest expense
$1,664Net interest income
$0Provision for loan and lease losses
$140Total noninterest income
$0Fiduciary activities
$76Service charges on deposit accounts
$0Trading account gains & fees
$64Additional noninterest income
$1,108Total noninterest expense
$738Salaries and employee benefits
$127Premises and equipment expense
$243Additional noninterest expense
$696Pre-tax net operating income
$11Securities gains (losses)
$0Applicable income taxes
$707Income before extraordinary items
$0Extraordinary gains - net
$707Net income attributable to bank
$0Net charge-offs
$707Cash dividends
$7Sale, conversion, retirement of capital stock, net
$520Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.32%Yield on earning assets
0.92%Cost of funding earning assets
4.40%Net interest margin
0.37%Noninterest income to earning assets
2.93%Noninterest expense to earning assets
1.71%Net operating income to assets
1.74%Return on assets (ROA)
1.74%Pretax return on assets
11.40%Return on equity (ROE)
3.02%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
99.43%Efficiency ratio
61,419Assets per employee
3.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
73.55%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
65.52%Noncurrent assets plus other real estate owned to assets
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