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


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
  • NoIDNameAddressEstablishedService TypeMap
    03529First Security Bank - Sleepy Eye101 East Main Street, Sleepy Eye, MN 56085January 01, 1882Full Service Brick and Mortar
    11046Benson Branch215 13th Street, South, Benson, MN 56215January 01, 1876Full Service Brick and Mortar
    246123Detroit Lakes Branch611 Summitt Avenue, Detroit Lakes, MN 56501March 16, 1990Full Service Brick and Mortar
    47017First Security Bank - Renville Branc106 - 5th Street Se, Renville, MN 56284January 08, 1904Full Service Brick and Mortar
    516582Storden Branch321 America Street, Storden, MN 56174March 02, 1982Full Service Brick and Mortar
    6223521Lamberton Branch110 South Main Street, Lamberton, MN 56152November 20, 1995Full Service Brick and Mortar
    85212First Security Bank - Evansville Bra303 Kron Street, Evansville, MN 56326January 01, 1882Full Service Brick and Mortar

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