First State Bank of Clearbrook in Clearbrook, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


First State Bank of Clearbrook - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 9Total employees (full-time equivalent)
  • $35,953Total assets
  • $5,548Cash and due from depository institutions
  • $2,253Interest-bearing balances
  • $11,197Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $17,649Net loans & leases
  • $249Loan loss allowance
  • $0Trading account assets
  • $353Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $35,953Life insurance assets
  • $1,206All other assets
  • $32,087Total liabilities and capital
  • $31,812Total liabilities
  • $26,604Total deposits
  • $31,812Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $275Subordinated debt
  • $3,866All other liabilities
  • $3,866Total equity capital
  • $3,866Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $1,675Surplus
  • $2,116Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $144Income earned, not collected on loans
  • $0Earning assets
  • $181Long-term assets (5+ years)
  • $31,099Average Assets, year-to-date
  • $8,977Average Assets, quarterly
  • $34,377Volatile liabilities
  • $34,320Insider loans
  • $20,891FHLB advances
  • $35,054Loans and leases held for sale
  • $912Unused loan commitments
  • $912Tier 1 (core) risk-based capital
  • $3,484Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,790Restructured Loans and leases
  • $55Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,489Total interest income
  • $244Total interest expense
  • $1,245Net interest income
  • $0Provision for loan and lease losses
  • $242Total noninterest income
  • $0Fiduciary activities
  • $151Service charges on deposit accounts
  • $0Trading account gains & fees
  • $91Additional noninterest income
  • $1,005Total noninterest expense
  • $633Salaries and employee benefits
  • $155Premises and equipment expense
  • $217Additional noninterest expense
  • $482Pre-tax net operating income
  • $3Securities gains (losses)
  • $0Applicable income taxes
  • $485Income before extraordinary items
  • $0Extraordinary gains - net
  • $485Net income attributable to bank
  • $0Net charge-offs
  • $485Cash dividends
  • -$8Sale, conversion, retirement of capital stock, net
  • $393Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 3.22%Noninterest expense to earning assets
  • 1.40%Net operating income to assets
  • 1.41%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 13.26%Return on equity (ROE)
  • 2.52%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 67,586Assets per employee
  • 3.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.03%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 172.92%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.80%Net loans and leases to deposits
  • 55.48%Net loans and leases to core deposits
  • 55.48%Equity capital to assets
  • 10.75%Core capital (leverage) ratio
  • 9.94%Tier 1 risk-based capital ratio
  • 16.68%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $34,377Average earning assets
  • $3,656Average equity
  • $31,178Average loans

List of branches

  • 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

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 Clearbrook.
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.
Table of Contents