First State Bank of Ashby in Ashby, Minnesota (MN)



Show street view No street view available for this location

First State Bank of Ashby routing number info

Table of contents:
First State Bank of Ashby
GeneralFDIC Certificate #: 8196
Status: Active
Federal Reserve ID: 299251
Bank Holding Company (Regulatory Top Holder): Ashby Bancshares, Inc. (RSSDID: 1127539, Location: Ashby, MN)
Date Established: July 01, 1900
WWW: http://www.fsbashby.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)
FDIC's unique #: 5222
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: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 110 Main Street, Ashby, MN 56309
County: Grant
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $31.0 mil
Equity capital: $2.6 mil
Deposits held in domestic offices: $28.4 mil
Return on assets (ROA): 0.45% ($0.1 mil)
Quarterly return on assets: 0.47% ($0.1 mil)
Return on Equity (ROE): 5.45% ($0.2 mil)
Quarterly return on equity: 5.49% ($0.2 mil)
Net income: $0.1 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.45% ($139.7 mil)
Quarterly Pretax return on assets: 0.47% ($145.9 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)
Total employees (full-time equivalent)8
Total assets$31,038
Cash and due from depository institutions$6,879
Interest-bearing balances$3,335
Securities$4,839
Federal funds sold & reverse repurchase agreements$2,300
Net loans & leases$15,591
Loan loss allowance $175
Trading account assets$0
Bank premises and fixed assets$461
Other real estate owned$553
Goodwill and other intangibles$0
All other assets$415
Life insurance assets$31,038
Total liabilities and capital$28,485
Total liabilities$28,444
Total deposits$23,764
Interest-bearing deposits$28,444
Deposits held in domestic offices$100
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $41
All other liabilities $2,553
Total equity capital$2,553
Total bank equity capital$2,553
Perpetual preferred stock$0
Common stock$50
Surplus$1,450
Undivided profits $1,053
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 $232
Earning assets $35
Long-term assets (5+ years) $190
Average Assets, year-to-date $26,065
Average Assets, quarterly $1,642
Volatile liabilities $29,444
Insider loans $30,093
FHLB advances $16,749
Loans and leases held for sale $30,354
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,342
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $733
Derivatives$497
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,247
Total interest expense $356
Net interest income $891
Provision for loan and lease losses $23
Total noninterest income $114
Fiduciary activities $0
Service charges on deposit accounts $72
Trading account gains & fees $0
Additional noninterest income $42
Total noninterest expense $850
Salaries and employee benefits $422
Premises and equipment expense $144
Additional noninterest expense $284
Pre-tax net operating income $132
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $132
Extraordinary gains - net $0
Net income attributable to bank $132
Net charge-offs $0
Cash dividends $132
Sale, conversion, retirement of capital stock, net $7
Net operating income $36
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.80%
Cost of funding earning assets 1.37%
Net interest margin 3.43%
Noninterest income to earning assets 0.44%
Noninterest expense to earning assets 3.27%
Net operating income to assets 0.45%
Return on assets (ROA) 0.45%
Pretax return on assets 0.45%
Return on equity (ROE) 5.45%
Retained earnings to average equity (YTD only) 3.96%
Net charge-offs to loans 0.04%
Credit loss provision to net charge-offs 328.57%
Efficiency ratio22.14%
Assets per employee$84,577
Cash dividends to net income (YTD only)3.88%
Condition Ratios (%)
Loss allowance to loans 27.27%
Loss allowance to noncurrent loans 1.11%
Noncurrent assets plus other real estate owned to assets 75.43%
Noncurrent loans to loans 2.53%
Net loans and leases to deposits1.47%
Net loans and leases to core deposits 54.81%
Equity capital to assets 55.31%
Core capital (leverage) ratio 8.23%
Tier 1 risk-based capital ratio 7.72%
Total risk-based capital ratio 13.98%
Memoranda
Average assets$15
Average earning assets$29,444
Average equity $2,422
Average loans $25,958
Back to page top, Back to table top

1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05222First State Bank Of Ashby110 Main Street, Ashby, MN 56309July 01, 1900Full Service Brick and Mortar
Back to page top

User Contributions:

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

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First State Bank of Ashby.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.