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


First Security Bank-Hendricks - Overview

  • 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)

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
  • NoIDNameAddressEstablishedService TypeMap
    010014First Security Bank-Hendricks110 Main Street, Hendricks, MN 56136August 30, 1940Full Service Brick and Mortar

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