First Security Bank - Sleepy Eye in city_name, state_name - Detailed Financial Reports, Location

First Security Bank - Sleepy Eye in Sleepy Eye, Minnesota (MN)
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First Security Bank - Sleepy Eye routing number info

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First Security Bank - Sleepy Eye - Overview

General
FDIC Certificate #: 5252
Status: Active
Federal Reserve ID: 861658
Bank Holding Company (Regulatory Top Holder): First Sleepy Eye Bancorporation, Inc. (RSSDID: 1123401, Location: Sioux Falls, SD)
Date Established: January 01, 1882
WWW: http://www.firstsecuritybanks.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
OTS Docket #: 10144
FDIC's unique #: 3529
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: Febuary 14, 2011
Last Structure Change Process Date: March 15, 2011
Last Data Update: March 15, 2011
Data Source Date: April 05, 2012
Location
Address: 101 East Main Street, Sleepy Eye, MN 56085
County: Brown
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
Core Based Statistical Area (CBSA): New Ulm, MN (#35580)
CBSA Micro Statistical Area: Yes
History of Changes
Participated in Absorption/Consolidation/Merger
Financial Summary
Total assets: $184.1 mil
Equity capital: $24.8 mil
Deposits held in domestic offices: $157.6 mil
Return on assets (ROA): 1.88% ($3.5 mil)
Quarterly return on assets: 1.72% ($3.2 mil)
Return on Equity (ROE): 13.79% ($3.4 mil)
Quarterly return on equity: 12.43% ($3.1 mil)
Net income: $3.4 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.89% ($3,479.4 mil)
Quarterly Pretax return on assets: 1.72% ($3,166.4 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
50Total employees (full-time equivalent)
$184,095Total assets
$19,714Cash and due from depository institutions
$5,385Interest-bearing balances
$43,095Securities
$0Federal funds sold & reverse repurchase agreements
$109,394Net loans & leases
$2,275Loan loss allowance
$0Trading account assets
$2,746Bank premises and fixed assets
$1,350Other real estate owned
$2,241Goodwill and other intangibles
$184,095Life insurance assets
$5,555All other assets
$159,273Total liabilities and capital
$157,621Total liabilities
$112,977Total deposits
$157,621Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,000Trading liabilities
$0Other borrowed funds
$652Subordinated debt
$24,822All other liabilities
$24,822Total equity capital
$24,822Total bank equity capital
$0Perpetual preferred stock
$300Common stock
$13,741Surplus
$10,781Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$705Income earned, not collected on loans
$0Earning assets
$1,647Long-term assets (5+ years)
$157,874Average Assets, year-to-date
$41,255Average Assets, quarterly
$180,204Volatile liabilities
$183,433Insider loans
$145,496FHLB advances
$180,225Loans and leases held for sale
$2,432Unused loan commitments
$1,003Tier 1 (core) risk-based capital
$20,300Tier 2 risk-based capital
$629Total risk weighted assets
$800Total unused commitments
$20,669Restructured Loans and leases
$2Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$9,155Total interest income
$942Total interest expense
$8,213Net interest income
$0Provision for loan and lease losses
$1,073Total noninterest income
$0Fiduciary activities
$475Service charges on deposit accounts
$0Trading account gains & fees
$598Additional noninterest income
$5,494Total noninterest expense
$2,522Salaries and employee benefits
$594Premises and equipment expense
$2,378Additional noninterest expense
$3,792Pre-tax net operating income
-$394Securities gains (losses)
$5Applicable income taxes
$3,393Income before extraordinary items
$0Extraordinary gains - net
$3,393Net income attributable to bank
$0Net charge-offs
$3,393Cash dividends
$82Sale, conversion, retirement of capital stock, net
$2,700Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.67%Yield on earning assets
0.58%Cost of funding earning assets
5.09%Net interest margin
0.66%Noninterest income to earning assets
3.40%Noninterest expense to earning assets
2.10%Net operating income to assets
1.88%Return on assets (ROA)
1.89%Pretax return on assets
13.79%Return on equity (ROE)
2.82%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
46.24%Efficiency ratio
59,164Assets per employee
3.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
79.58%Loss allowance to loans
2.04%Loss allowance to noncurrent loans
322.70%Noncurrent assets plus other real estate owned to assets
1.12%Noncurrent loans to loans
0.63%Net loans and leases to deposits
69.40%Net loans and leases to core deposits
70.23%Equity capital to assets
13.48%Core capital (leverage) ratio
11.26%Tier 1 risk-based capital ratio
13.95%Total risk-based capital ratio
Memoranda
$15Average assets
$180,204Average earning assets
$24,601Average equity
$161,513Average loans

List of branches

7 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	3529	First Security Bank - Sleepy Eye	101 East Main Street, Sleepy Eye, MN 56085	January 01, 1882	Full Service Brick and Mortar
1	1046	Benson Branch	215 13th Street, South, Benson, MN 56215	January 01, 1876	Full Service Brick and Mortar
2	46123	Detroit Lakes Branch	611 Summitt Avenue, Detroit Lakes, MN 56501	March 16, 1990	Full Service Brick and Mortar
4	7017	First Security Bank - Renville Branc	106 - 5th Street Se, Renville, MN 56284	January 08, 1904	Full Service Brick and Mortar
5	16582	Storden Branch	321 America Street, Storden, MN 56174	March 02, 1982	Full Service Brick and Mortar
6	223521	Lamberton Branch	110 South Main Street, Lamberton, MN 56152	November 20, 1995	Full Service Brick and Mortar
8	5212	First Security Bank - Evansville Bra	303 Kron Street, Evansville, MN 56326	January 01, 1882	Full Service Brick and Mortar

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

First Security Bank - Sleepy Eye - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First Security Bank - Sleepy Eye - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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