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



Show street view No street view available for this location

First State Bank of Fertile routing number info

Table of contents:
First State Bank of Fertile
GeneralFDIC Certificate #: 10186
Status: Active
Federal Reserve ID: 16953
Bank Holding Company (Regulatory Top Holder): Fertile Bancshares, Inc. (RSSDID: 1126952, Location: Fertile, MN)
Date Established: December 12, 1887
WWW: http://www.fsbfertile.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 #: 6526
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: 114 Mill Street North, Fertile, MN 56540
County: Polk
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
Metropolitan Statistical Area (MSA): Grand Forks, ND-MN (#2985)
Core Based Statistical Area (CBSA): Grand Forks, ND-MN (#24220)
CBSA Metro Statistical Area: Grand Forks, ND-MN (#24220)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $35.0 mil
Equity capital: $5.3 mil
Deposits held in domestic offices: $29.6 mil
Return on assets (ROA): 0.61% ($0.2 mil)
Quarterly return on assets: 0.45% ($0.2 mil)
Return on Equity (ROE): 4.10% ($0.2 mil)
Quarterly return on equity: 2.85% ($0.1 mil)
Net income: $0.2 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.61% ($213.5 mil)
Quarterly Pretax return on assets: 0.45% ($157.5 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$35,002
Cash and due from depository institutions$9,220
Interest-bearing balances$7,779
Securities$11,012
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$14,277
Loan loss allowance $108
Trading account assets$0
Bank premises and fixed assets$84
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$409
Life insurance assets$35,002
Total liabilities and capital$29,659
Total liabilities$29,593
Total deposits$22,707
Interest-bearing deposits$29,593
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $66
All other liabilities $5,343
Total equity capital$5,343
Total bank equity capital$5,343
Perpetual preferred stock$0
Common stock$100
Surplus$2,775
Undivided profits $2,468
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 $80
Earning assets $0
Long-term assets (5+ years) $340
Average Assets, year-to-date $33,068
Average Assets, quarterly $11,910
Volatile liabilities $33,948
Insider loans $34,048
FHLB advances $18,848
Loans and leases held for sale $35,061
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,196
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $0
Derivatives$140
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,454
Total interest expense $182
Net interest income $1,272
Provision for loan and lease losses $53
Total noninterest income $81
Fiduciary activities $0
Service charges on deposit accounts $62
Trading account gains & fees $0
Additional noninterest income $19
Total noninterest expense $1,093
Salaries and employee benefits $754
Premises and equipment expense $62
Additional noninterest expense $277
Pre-tax net operating income $207
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $207
Extraordinary gains - net $0
Net income attributable to bank $207
Net charge-offs $0
Cash dividends $207
Sale, conversion, retirement of capital stock, net $36
Net operating income $170
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 assets4.49%
Cost of funding earning assets 0.56%
Net interest margin 3.93%
Noninterest income to earning assets 0.25%
Noninterest expense to earning assets 3.38%
Net operating income to assets 0.61%
Return on assets (ROA) 0.61%
Pretax return on assets 0.61%
Return on equity (ROE) 4.10%
Retained earnings to average equity (YTD only) 0.73%
Net charge-offs to loans 0.26%
Credit loss provision to net charge-offs 147.22%
Efficiency ratio7.22%
Assets per employee$80,783
Cash dividends to net income (YTD only)4.38%
Condition Ratios (%)
Loss allowance to loans 82.13%
Loss allowance to noncurrent loans 0.75%
Noncurrent assets plus other real estate owned to assets 135.00%
Noncurrent loans to loans 0.23%
Net loans and leases to deposits0.56%
Net loans and leases to core deposits 48.24%
Equity capital to assets 48.24%
Core capital (leverage) ratio 15.26%
Tier 1 risk-based capital ratio 14.82%
Total risk-based capital ratio 27.57%
Memoranda
Average assets$28
Average earning assets$33,948
Average equity $5,047
Average loans $32,381
Back to page top, Back to table top

1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06526First State Bank Of Fertile114 Mill Street North, Fertile, MN 56540December 12, 1887Full 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 Fertile.
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.