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



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First State Bank of Clearbrook routing number info

Table of contents:
First State Bank of Clearbrook
GeneralFDIC Certificate #: 10559
Status: Active
Federal Reserve ID: 403357
Date Established: January 01, 1910
WWW: http://www.fsbclearbrook.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 #: 6761
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: 123 Main Street South, Clearbrook, MN 56634
County: Clearwater
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Forks
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: $36.0 mil
Equity capital: $3.9 mil
Deposits held in domestic offices: $31.8 mil
Return on assets (ROA): 1.41% ($0.5 mil)
Quarterly return on assets: 1.21% ($0.4 mil)
Return on Equity (ROE): 13.26% ($0.5 mil)
Quarterly return on equity: 10.82% ($0.4 mil)
Net income: $0.5 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.41% ($506.9 mil)
Quarterly Pretax return on assets: 1.21% ($435.0 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)9
Total assets$35,953
Cash and due from depository institutions$5,548
Interest-bearing balances$2,253
Securities$11,197
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$17,649
Loan loss allowance $249
Trading account assets$0
Bank premises and fixed assets$353
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,206
Life insurance assets$35,953
Total liabilities and capital$32,087
Total liabilities$31,812
Total deposits$26,604
Interest-bearing deposits$31,812
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $275
All other liabilities $3,866
Total equity capital$3,866
Total bank equity capital$3,866
Perpetual preferred stock$0
Common stock$75
Surplus$1,675
Undivided profits $2,116
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 $144
Earning assets $0
Long-term assets (5+ years) $181
Average Assets, year-to-date $31,099
Average Assets, quarterly $8,977
Volatile liabilities $34,377
Insider loans $34,320
FHLB advances $20,891
Loans and leases held for sale $35,054
Unused loan commitments $912
Tier 1 (core) risk-based capital $912
Tier 2 risk-based capital $3,484
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,790
Derivatives$55
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,489
Total interest expense $244
Net interest income $1,245
Provision for loan and lease losses $0
Total noninterest income $242
Fiduciary activities $0
Service charges on deposit accounts $151
Trading account gains & fees $0
Additional noninterest income $91
Total noninterest expense $1,005
Salaries and employee benefits $633
Premises and equipment expense $155
Additional noninterest expense $217
Pre-tax net operating income $482
Securities gains (losses) $3
Applicable income taxes $0
Income before extraordinary items $485
Extraordinary gains - net $0
Net income attributable to bank $485
Net charge-offs $0
Cash dividends $485
Sale, conversion, retirement of capital stock, net -$8
Net operating income $393
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.78%
Cost of funding earning assets 0.78%
Net interest margin 3.99%
Noninterest income to earning assets 0.78%
Noninterest expense to earning assets 3.22%
Net operating income to assets 1.40%
Return on assets (ROA) 1.41%
Pretax return on assets 1.41%
Return on equity (ROE) 13.26%
Retained earnings to average equity (YTD only) 2.52%
Net charge-offs to loans -0.04%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$67,586
Cash dividends to net income (YTD only)3.99%
Condition Ratios (%)
Loss allowance to loans 81.03%
Loss allowance to noncurrent loans 1.39%
Noncurrent assets plus other real estate owned to assets 172.92%
Noncurrent loans to loans 0.40%
Net loans and leases to deposits0.80%
Net loans and leases to core deposits 55.48%
Equity capital to assets 55.48%
Core capital (leverage) ratio 10.75%
Tier 1 risk-based capital ratio 9.94%
Total risk-based capital ratio 16.68%
Memoranda
Average assets$18
Average earning assets$34,377
Average equity $3,656
Average loans $31,178
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06761First State Bank Of Clearbrook123 Main Street South, Clearbrook, MN 56634January 01, 1910Full Service Brick and Mortar
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