First Financial Bank in Winnebago in Winnebago, Minnesota (MN)
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| First Financial Bank in Winnebago | |
|---|---|
| General | 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 11 |
| Total assets | $43,882 |
| Cash and due from depository institutions | $4,208 |
| Interest-bearing balances | $2,543 |
| Securities | $8,511 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $29,602 |
| Loan loss allowance | $399 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $394 |
| Other real estate owned | $20 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,147 |
| Life insurance assets | $43,881 |
| Total liabilities and capital | $37,568 |
| Total liabilities | $35,596 |
| Total deposits | $28,504 |
| Interest-bearing deposits | $35,596 |
| Deposits held in domestic offices | $91 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $1,945 |
| Other borrowed funds | $0 |
| Subordinated debt | $27 |
| All other liabilities | $6,313 |
| Total equity capital | $6,313 |
| Total bank equity capital | $6,313 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $4,900 |
| Undivided profits | $1,313 |
| 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 | $609 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $310 |
| Average Assets, year-to-date | $40,656 |
| Average Assets, quarterly | $7,739 |
| Volatile liabilities | $40,634 |
| Insider loans | $41,900 |
| FHLB advances | $33,675 |
| Loans and leases held for sale | $41,342 |
| Unused loan commitments | $503 |
| Tier 1 (core) risk-based capital | $503 |
| Tier 2 risk-based capital | $6,040 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $5,952 |
| Derivatives | $1,630 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,014 |
| Total interest expense | $350 |
| Net interest income | $1,664 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $140 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $76 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $64 |
| Total noninterest expense | $1,108 |
| Salaries and employee benefits | $738 |
| Premises and equipment expense | $127 |
| Additional noninterest expense | $243 |
| Pre-tax net operating income | $696 |
| Securities gains (losses) | $11 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $707 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $707 |
| Net charge-offs | $0 |
| Cash dividends | $707 |
| Sale, conversion, retirement of capital stock, net | $7 |
| Net operating income | $520 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.32% |
| Cost of funding earning assets | 0.92% |
| Net interest margin | 4.40% |
| Noninterest income to earning assets | 0.37% |
| Noninterest expense to earning assets | 2.93% |
| Net operating income to assets | 1.71% |
| Return on assets (ROA) | 1.74% |
| Pretax return on assets | 1.74% |
| Return on equity (ROE) | 11.40% |
| Retained earnings to average equity (YTD only) | 3.02% |
| Net charge-offs to loans | 0.02% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 99.43% |
| Assets per employee | $61,419 |
| Cash dividends to net income (YTD only) | 3.99% |
| Condition Ratios (%) | |
| Loss allowance to loans | 73.55% |
| Loss allowance to noncurrent loans | 1.33% |
| Noncurrent assets plus other real estate owned to assets | 65.52% |
| Noncurrent loans to loans | 1.43% |
| Net loans and leases to deposits | 2.03% |
| Net loans and leases to core deposits | 83.16% |
| Equity capital to assets | 83.16% |
| Core capital (leverage) ratio | 14.39% |
| Tier 1 risk-based capital ratio | 14.61% |
| Total risk-based capital ratio | 17.94% |
| Memoranda | |
| Average assets | $19 |
| Average earning assets | $40,634 |
| Average equity | $6,202 |
| Average loans | $37,841 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 3546 | First Financial Bank In Winnebago | One Main Street South, Winnebago, MN 56098 | January 01, 1913 | Full Service Brick and Mortar |  |
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