First Security Bank - Canby. in Canby, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Security Bank - Canby. - Overview

  • General
  • FDIC Certificate #: 5107
    Status: Active
    Federal Reserve ID: 339353
    Bank Holding Company (Regulatory Top Holder): First Sleepy Eye Bancorporation, Inc. (RSSDID: 1123401, Location: Sioux Falls, SD)
    Date Established: June 10, 1890
    WWW: http://www.fsbcanby.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 9941
    FDIC's unique #: 3414
    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: April 08, 2011
    Last Structure Change Process Date: June 08, 2011
    Last Data Update: June 08, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 St. Olaf Avenue North, Canby, MN 56220
    County: Yellow Medicine
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $59.0 mil
    Equity capital: $7.8 mil
    Deposits held in domestic offices: $50.5 mil
    Return on assets (ROA): 1.79% ($1.1 mil)
    Quarterly return on assets: 1.84% ($1.1 mil)
    Return on Equity (ROE): 13.05% ($1.0 mil)
    Quarterly return on equity: 13.26% ($1.1 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.79% ($1,056.8 mil)
    Quarterly Pretax return on assets: 1.84% ($1,086.3 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
  • 13Total employees (full-time equivalent)
  • $59,039Total assets
  • $13,513Cash and due from depository institutions
  • $12,234Interest-bearing balances
  • $15,084Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $26,115Net loans & leases
  • $563Loan loss allowance
  • $0Trading account assets
  • $573Bank premises and fixed assets
  • $419Other real estate owned
  • $1,531Goodwill and other intangibles
  • $59,039Life insurance assets
  • $1,804All other assets
  • $51,204Total liabilities and capital
  • $50,501Total liabilities
  • $25,407Total deposits
  • $50,501Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $550Trading liabilities
  • $0Other borrowed funds
  • $153Subordinated debt
  • $7,835All other liabilities
  • $7,835Total equity capital
  • $7,835Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $5,850Surplus
  • $1,935Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $55Income earned, not collected on loans
  • $0Earning assets
  • $504Long-term assets (5+ years)
  • $53,433Average Assets, year-to-date
  • $17,276Average Assets, quarterly
  • $55,650Volatile liabilities
  • $57,279Insider loans
  • $35,666FHLB advances
  • $57,713Loans and leases held for sale
  • $1,000Unused loan commitments
  • $500Tier 1 (core) risk-based capital
  • $5,656Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $500Total unused commitments
  • $3,406Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,628Total interest income
  • $244Total interest expense
  • $2,384Net interest income
  • -$50Provision for loan and lease losses
  • $266Total noninterest income
  • $0Fiduciary activities
  • $136Service charges on deposit accounts
  • $0Trading account gains & fees
  • $130Additional noninterest income
  • $1,564Total noninterest expense
  • $627Salaries and employee benefits
  • $199Premises and equipment expense
  • $738Additional noninterest expense
  • $1,136Pre-tax net operating income
  • -$138Securities gains (losses)
  • $0Applicable income taxes
  • $998Income before extraordinary items
  • $0Extraordinary gains - net
  • $998Net income attributable to bank
  • $0Net charge-offs
  • $998Cash dividends
  • $9Sale, conversion, retirement of capital stock, net
  • $800Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.21%Yield on earning assets
  • 0.48%Cost of funding earning assets
  • 4.72%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • 2.04%Net operating income to assets
  • 1.79%Return on assets (ROA)
  • 1.79%Pretax return on assets
  • 13.05%Return on equity (ROE)
  • 2.59%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • -555.56%Credit loss provision to net charge-offs
  • 120.67%Efficiency ratio
  • 59,019Assets per employee
  • 4.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 80.16%Loss allowance to loans
  • 2.11%Loss allowance to noncurrent loans
  • 1023.64%Noncurrent assets plus other real estate owned to assets
  • 0.80%Noncurrent loans to loans
  • 0.21%Net loans and leases to deposits
  • 51.71%Net loans and leases to core deposits
  • 51.71%Equity capital to assets
  • 13.27%Core capital (leverage) ratio
  • 9.80%Tier 1 risk-based capital ratio
  • 15.86%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $55,650Average earning assets
  • $7,646Average equity
  • $50,462Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03414First Security Bank - Canby.102 St. Olaf Avenue North, Canby, MN 56220June 10, 1890Full Service Brick and Mortar
    17038First Security Bank - Lake Benton Br107 North Center Street, Lake Benton, MN 56149December 12, 1906Full Service Brick and Mortar

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