First State Bank Minnesota in Le Roy, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank Minnesota - Overview

  • General
  • FDIC Certificate #: 10162
    Status: Active
    Federal Reserve ID: 60554
    Bank Holding Company (Regulatory Top Holder): First Leroy Bancorporation, Inc. (RSSDID: 1128899, Location: Le Roy, MN)
    Date Established: June 01, 1893
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 12780
    FDIC's unique #: 6503
    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 04, 1934
    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: 102 W. Main Street, Le Roy, MN 55951
    County: Mower
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Austin, MN (#12380)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $65.8 mil
    Equity capital: $5.5 mil
    Deposits held in domestic offices: $59.8 mil
    Return on assets (ROA): 1.04% ($0.7 mil)
    Quarterly return on assets: 0.98% ($0.6 mil)
    Return on Equity (ROE): 12.27% ($0.6 mil)
    Quarterly return on equity: 11.61% ($0.6 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.04% ($684.1 mil)
    Quarterly Pretax return on assets: 0.98% ($644.6 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
  • 19Total employees (full-time equivalent)
  • $65,780Total assets
  • $8,333Cash and due from depository institutions
  • $4,496Interest-bearing balances
  • $21,513Securities
  • $500Federal funds sold & reverse repurchase agreements
  • $32,973Net loans & leases
  • $404Loan loss allowance
  • $0Trading account assets
  • $910Bank premises and fixed assets
  • $190Other real estate owned
  • $0Goodwill and other intangibles
  • $65,780Life insurance assets
  • $1,361All other assets
  • $60,302Total liabilities and capital
  • $59,783Total liabilities
  • $47,651Total deposits
  • $59,783Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $463Trading liabilities
  • $0Other borrowed funds
  • $56Subordinated debt
  • $5,478All other liabilities
  • $5,478Total equity capital
  • $5,478Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $2,450Surplus
  • $2,978Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $139Income earned, not collected on loans
  • $0Earning assets
  • $541Long-term assets (5+ years)
  • $59,482Average Assets, year-to-date
  • $7,564Average Assets, quarterly
  • $61,631Volatile liabilities
  • $64,436Insider loans
  • $37,916FHLB advances
  • $64,510Loans and leases held for sale
  • $401Unused loan commitments
  • $401Tier 1 (core) risk-based capital
  • $5,110Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,149Restructured Loans and leases
  • $133Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,524Total interest income
  • $447Total interest expense
  • $2,077Net interest income
  • $27Provision for loan and lease losses
  • $291Total noninterest income
  • $0Fiduciary activities
  • $221Service charges on deposit accounts
  • $0Trading account gains & fees
  • $70Additional noninterest income
  • $1,699Total noninterest expense
  • $988Salaries and employee benefits
  • $282Premises and equipment expense
  • $429Additional noninterest expense
  • $642Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • $641Income before extraordinary items
  • $0Extraordinary gains - net
  • $641Net income attributable to bank
  • $0Net charge-offs
  • $641Cash dividends
  • $63Sale, conversion, retirement of capital stock, net
  • $516Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.43%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 3.65%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 2.98%Noninterest expense to earning assets
  • 1.04%Net operating income to assets
  • 1.04%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 12.27%Return on equity (ROE)
  • 2.39%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 42.86%Credit loss provision to net charge-offs
  • 10.62%Efficiency ratio
  • 71,748Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 80.50%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 290.65%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 0.42%Net loans and leases to deposits
  • 55.15%Net loans and leases to core deposits
  • 55.15%Equity capital to assets
  • 8.33%Core capital (leverage) ratio
  • 7.92%Tier 1 risk-based capital ratio
  • 13.48%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $61,631Average earning assets
  • $5,225Average equity
  • $56,974Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06503First State Bank Minnesota102 W. Main Street, Le Roy, MN 55951June 01, 1893Full Service Brick and Mortar
    1221976Spring Valley Branch1030 North Broadway, Spring Valley, MN 55975March 15, 1993Full Service Brick and Mortar

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