First Security Bank-Hendricks in Hendricks, Minnesota (MN)
| First Security Bank-Hendricks | |
|---|---|
| General | 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 7 |
| Total assets | $18,981 |
| Cash and due from depository institutions | $6,732 |
| Interest-bearing balances | $4,843 |
| Securities | $3,048 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $8,182 |
| Loan loss allowance | $201 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $132 |
| Other real estate owned | $248 |
| Goodwill and other intangibles | $0 |
| All other assets | $639 |
| Life insurance assets | $18,981 |
| Total liabilities and capital | $16,876 |
| Total liabilities | $16,671 |
| Total deposits | $10,476 |
| Interest-bearing deposits | $16,671 |
| Deposits held in domestic offices | $100 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $188 |
| Other borrowed funds | $0 |
| Subordinated debt | $17 |
| All other liabilities | $2,105 |
| Total equity capital | $2,105 |
| Total bank equity capital | $2,105 |
| Perpetual preferred stock | $0 |
| Common stock | $25 |
| Surplus | $1,375 |
| Undivided profits | $705 |
| 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 | $0 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $105 |
| Average Assets, year-to-date | $16,073 |
| Average Assets, quarterly | $3,837 |
| Volatile liabilities | $19,213 |
| Insider loans | $18,682 |
| FHLB advances | $9,978 |
| Loans and leases held for sale | $18,957 |
| Unused loan commitments | $397 |
| Tier 1 (core) risk-based capital | $254 |
| Tier 2 risk-based capital | $2,001 |
| Total risk weighted assets | $0 |
| Total unused commitments | $143 |
| Restructured Loans and leases | $1,192 |
| Derivatives | $87 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $793 |
| Total interest expense | $83 |
| Net interest income | $710 |
| Provision for loan and lease losses | $10 |
| Total noninterest income | $126 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $63 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $63 |
| Total noninterest expense | $586 |
| Salaries and employee benefits | $326 |
| Premises and equipment expense | $31 |
| Additional noninterest expense | $229 |
| Pre-tax net operating income | $240 |
| Securities gains (losses) | -$13 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $227 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $227 |
| Net charge-offs | $0 |
| Cash dividends | $227 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $160 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.75% |
| Cost of funding earning assets | 0.50% |
| Net interest margin | 4.25% |
| Noninterest income to earning assets | 0.75% |
| Noninterest expense to earning assets | 3.51% |
| Net operating income to assets | 1.25% |
| Return on assets (ROA) | 1.18% |
| Pretax return on assets | 1.18% |
| Return on equity (ROE) | 11.38% |
| Retained earnings to average equity (YTD only) | 3.36% |
| Net charge-offs to loans | 0.00% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $70,096 |
| Cash dividends to net income (YTD only) | 2.71% |
| Condition Ratios (%) | |
| Loss allowance to loans | 70.48% |
| Loss allowance to noncurrent loans | 2.40% |
| Noncurrent assets plus other real estate owned to assets | 0.00% |
| Noncurrent loans to loans | 1.31% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 49.08% |
| Equity capital to assets | 49.08% |
| Core capital (leverage) ratio | 11.09% |
| Tier 1 risk-based capital ratio | 10.56% |
| Total risk-based capital ratio | 20.05% |
| Memoranda | |
| Average assets | $21 |
| Average earning assets | $19,213 |
| Average equity | $1,995 |
| Average loans | $16,700 |
| 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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