First State Bank of Kiester in Kiester, Minnesota (MN)
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| First State Bank of Kiester | |
|---|---|
| General | FDIC Certificate #: 5175 Status: Active Federal Reserve ID: 1015458 Bank Holding Company (Regulatory Top Holder): Kiester Investments, Inc. (RSSDID: 1121957, Location: Kiester, MN) Date Established: January 01, 1889 WWW: http://www.fsbkiester.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 #: 3466 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: June 01, 2010 Last Structure Change Process Date: June 01, 2010 Last Data Update: June 01, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 101 N Main Street, Kiester, MN 56051 County: Faribault Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Mankato Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West |
| History of Changes | Change in Location Corrections |
| Financial Summary | Total assets: $18.4 mil Equity capital: $1.1 mil Deposits held in domestic offices: $17.3 mil Return on assets (ROA): 0.15% ($0.0 mil) Quarterly return on assets: -0.18% (-$0.0 mil) Return on Equity (ROE): 2.41% ($0.0 mil) Quarterly return on equity: -2.90% (-$0.0 mil) Net income: $0.0 mil Quarterly Net income: -$0.0 mil Pretax return on assets: 0.15% ($27.7 mil) Quarterly Pretax return on assets: -0.18% (-$33.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 8 |
| Total assets | $18,449 |
| Cash and due from depository institutions | $2,860 |
| Interest-bearing balances | $2,650 |
| Securities | $1,796 |
| Federal funds sold & reverse repurchase agreements | $1,727 |
| Net loans & leases | $11,051 |
| Loan loss allowance | $95 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $60 |
| Other real estate owned | $236 |
| Goodwill and other intangibles | $0 |
| All other assets | $719 |
| Life insurance assets | $18,449 |
| Total liabilities and capital | $17,353 |
| Total liabilities | $17,285 |
| Total deposits | $15,028 |
| Interest-bearing deposits | $17,285 |
| Deposits held in domestic offices | $99 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $68 |
| All other liabilities | $1,096 |
| Total equity capital | $1,096 |
| Total bank equity capital | $1,096 |
| Perpetual preferred stock | $0 |
| Common stock | $200 |
| Surplus | $2,020 |
| Undivided profits | $-1,124 |
| 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 | $288 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $216 |
| Average Assets, year-to-date | $17,224 |
| Average Assets, quarterly | $1,191 |
| Volatile liabilities | $17,752 |
| Insider loans | $18,142 |
| FHLB advances | $10,194 |
| Loans and leases held for sale | $18,314 |
| Unused loan commitments | $439 |
| Tier 1 (core) risk-based capital | $439 |
| Tier 2 risk-based capital | $1,063 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,081 |
| Derivatives | $138 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $773 |
| Total interest expense | $138 |
| Net interest income | $635 |
| Provision for loan and lease losses | $20 |
| Total noninterest income | $23 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $16 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $7 |
| Total noninterest expense | $612 |
| Salaries and employee benefits | $366 |
| Premises and equipment expense | $47 |
| Additional noninterest expense | $199 |
| Pre-tax net operating income | $26 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $26 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $26 |
| Net charge-offs | $0 |
| Cash dividends | $26 |
| Sale, conversion, retirement of capital stock, net | $73 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.73% |
| Cost of funding earning assets | 0.84% |
| Net interest margin | 3.88% |
| Noninterest income to earning assets | 0.14% |
| Noninterest expense to earning assets | 3.74% |
| Net operating income to assets | 0.15% |
| Return on assets (ROA) | 0.15% |
| Pretax return on assets | 0.15% |
| Return on equity (ROE) | 2.41% |
| Retained earnings to average equity (YTD only) | 2.41% |
| Net charge-offs to loans | 0.66% |
| Credit loss provision to net charge-offs | 27.40% |
| Efficiency ratio | 0.63% |
| Assets per employee | $93,009 |
| Cash dividends to net income (YTD only) | 2.31% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.85% |
| Noncurrent assets plus other real estate owned to assets | 32.99% |
| Noncurrent loans to loans | 2.84% |
| Net loans and leases to deposits | 2.58% |
| Net loans and leases to core deposits | 63.93% |
| Equity capital to assets | 63.93% |
| Core capital (leverage) ratio | 5.94% |
| Tier 1 risk-based capital ratio | 5.80% |
| Total risk-based capital ratio | 10.43% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $17,752 |
| Average equity | $1,081 |
| Average loans | $16,346 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 3466 | First State Bank Of Kiester | 101 N Main Street, Kiester, MN 56051 | January 01, 1889 | Full Service Brick and Mortar |  |
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