First Financial Bank in Winnebago in Winnebago, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Financial Bank in Winnebago in Winnebago, Minnesota (MN)
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First Financial Bank in Winnebago - Overview

  • 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
    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
  • 1.43%Noncurrent loans to loans
  • 2.03%Net loans and leases to deposits
  • 83.16%Net loans and leases to core deposits
  • 83.16%Equity capital to assets
  • 14.39%Core capital (leverage) ratio
  • 14.61%Tier 1 risk-based capital ratio
  • 17.94%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $40,634Average earning assets
  • $6,202Average equity
  • $37,841Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03546First Financial Bank In WinnebagoOne Main Street South, Winnebago, MN 56098January 01, 1913Full Service Brick and Mortar
Harry Laborde
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