FDIC Certificate #: 15767 Status: Active Federal Reserve ID: 949453 Bank Holding Company (Regulatory Top Holder): Folden Financial Corporation (RSSDID: 1857788, Location: Hendricks, MN) Date Established: August 30, 1940 WWW:http://www.fsbhendricks.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) OTS Docket #: 11221 FDIC's unique #: 10014 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: August 30, 1940 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: 110 Main Street, Hendricks, MN 56136 County: Lincoln 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $19.0 mil Equity capital: $2.1 mil Deposits held in domestic offices: $16.7 mil Return on assets (ROA): 1.18% ($0.2 mil) Quarterly return on assets: 0.60% ($0.1 mil) Return on Equity (ROE): 11.38% ($0.2 mil) Quarterly return on equity: 5.34% ($0.1 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 1.18% ($224.0 mil) Quarterly Pretax return on assets: 0.60% ($113.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$18,981Total assets
$6,732Cash and due from depository institutions
$4,843Interest-bearing balances
$3,048Securities
$0Federal funds sold & reverse repurchase agreements
$8,182Net loans & leases
$201Loan loss allowance
$0Trading account assets
$132Bank premises and fixed assets
$248Other real estate owned
$0Goodwill and other intangibles
$18,981Life insurance assets
$639All other assets
$16,876Total liabilities and capital
$16,671Total liabilities
$10,476Total deposits
$16,671Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$188Trading liabilities
$0Other borrowed funds
$17Subordinated debt
$2,105All other liabilities
$2,105Total equity capital
$2,105Total bank equity capital
$0Perpetual preferred stock
$25Common stock
$1,375Surplus
$705Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$105Long-term assets (5+ years)
$16,073Average Assets, year-to-date
$3,837Average Assets, quarterly
$19,213Volatile liabilities
$18,682Insider loans
$9,978FHLB advances
$18,957Loans and leases held for sale
$397Unused loan commitments
$254Tier 1 (core) risk-based capital
$2,001Tier 2 risk-based capital
$0Total risk weighted assets
$143Total unused commitments
$1,192Restructured Loans and leases
$87Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$793Total interest income
$83Total interest expense
$710Net interest income
$10Provision for loan and lease losses
$126Total noninterest income
$0Fiduciary activities
$63Service charges on deposit accounts
$0Trading account gains & fees
$63Additional noninterest income
$586Total noninterest expense
$326Salaries and employee benefits
$31Premises and equipment expense
$229Additional noninterest expense
$240Pre-tax net operating income
-$13Securities gains (losses)
$0Applicable income taxes
$227Income before extraordinary items
$0Extraordinary gains - net
$227Net income attributable to bank
$0Net charge-offs
$227Cash dividends
$0Sale, conversion, retirement of capital stock, net
$160Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.75%Yield on earning assets
0.50%Cost of funding earning assets
4.25%Net interest margin
0.75%Noninterest income to earning assets
3.51%Noninterest expense to earning assets
1.25%Net operating income to assets
1.18%Return on assets (ROA)
1.18%Pretax return on assets
11.38%Return on equity (ROE)
3.36%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
70,096Assets per employee
2.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.48%Loss allowance to loans
2.40%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
1.31%Noncurrent loans to loans
0.00%Net loans and leases to deposits
49.08%Net loans and leases to core deposits
49.08%Equity capital to assets
11.09%Core capital (leverage) ratio
10.56%Tier 1 risk-based capital ratio
20.05%Total risk-based capital ratio
Memoranda
$21Average assets
$19,213Average earning assets
$1,995Average equity
$16,700Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
10014
First Security Bank-Hendricks
110 Main Street, Hendricks, MN 56136
August 30, 1940
Full Service Brick and Mortar
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