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

First State Bank of Le Center - Overview

  • General
  • FDIC Certificate #: 9330
    Status: Active
    Federal Reserve ID: 986159
    Bank Holding Company (Regulatory Top Holder): First State Agency Of Le Center, Inc. (RSSDID: 1127940, Location: Le Center, MN)
    Date Established: January 01, 1902
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 5984
    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: 88 North Park Avenue, Le Center, MN 56057
    County: Le Sueur
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $68.0 mil
    Equity capital: $7.7 mil
    Deposits held in domestic offices: $59.5 mil
    Return on assets (ROA): 1.89% ($1.3 mil)
    Quarterly return on assets: 1.11% ($0.8 mil)
    Return on Equity (ROE): 17.19% ($1.4 mil)
    Quarterly return on equity: 9.84% ($0.8 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.89% ($1,285.1 mil)
    Quarterly Pretax return on assets: 1.11% ($754.7 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
  • 19Total employees (full-time equivalent)
  • $67,994Total assets
  • $8,415Cash and due from depository institutions
  • $4,749Interest-bearing balances
  • $13,311Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $42,672Net loans & leases
  • $556Loan loss allowance
  • $0Trading account assets
  • $777Bank premises and fixed assets
  • $231Other real estate owned
  • $0Goodwill and other intangibles
  • $67,994Life insurance assets
  • $2,588All other assets
  • $60,262Total liabilities and capital
  • $59,505Total liabilities
  • $48,435Total deposits
  • $59,505Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $346Trading liabilities
  • $0Other borrowed funds
  • $411Subordinated debt
  • $7,732All other liabilities
  • $7,732Total equity capital
  • $7,732Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $4,000Surplus
  • $3,632Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $112Income earned, not collected on loans
  • $0Earning assets
  • $668Long-term assets (5+ years)
  • $60,732Average Assets, year-to-date
  • $8,214Average Assets, quarterly
  • $66,210Volatile liabilities
  • $67,152Insider loans
  • $49,112FHLB advances
  • $67,699Loans and leases held for sale
  • $1,498Unused loan commitments
  • $1,498Tier 1 (core) risk-based capital
  • $7,228Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,276Restructured Loans and leases
  • $362Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,511Total interest income
  • $541Total interest expense
  • $2,970Net interest income
  • $163Provision for loan and lease losses
  • $588Total noninterest income
  • $0Fiduciary activities
  • $282Service charges on deposit accounts
  • $0Trading account gains & fees
  • $306Additional noninterest income
  • $2,144Total noninterest expense
  • $1,491Salaries and employee benefits
  • $158Premises and equipment expense
  • $495Additional noninterest expense
  • $1,251Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • $1,250Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,250Net income attributable to bank
  • $0Net charge-offs
  • $1,250Cash dividends
  • $184Sale, conversion, retirement of capital stock, net
  • $828Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.93%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 5.02%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 3.62%Noninterest expense to earning assets
  • 1.89%Net operating income to assets
  • 1.89%Return on assets (ROA)
  • 1.89%Pretax return on assets
  • 17.19%Return on equity (ROE)
  • 5.80%Retained earnings to average equity (YTD only)
  • 0.42%Net charge-offs to loans
  • 88.59%Credit loss provision to net charge-offs
  • 7.68%Efficiency ratio
  • 60,259Assets per employee
  • 3.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.24%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 496.43%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 71.71%Net loans and leases to core deposits
  • 72.75%Equity capital to assets
  • 11.37%Core capital (leverage) ratio
  • 10.68%Tier 1 risk-based capital ratio
  • 14.72%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $66,210Average earning assets
  • $7,271Average equity
  • $59,222Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05984First State Bank Of Le Center88 North Park Avenue, Le Center, MN 56057January 01, 1902Full Service Brick and Mortar
    1334469Henderson Branch239 Main Street, Henderson, MN 56044April 19, 1999Full Service Brick and Mortar

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