First State Bank of Le Center in Le Center, Minnesota (MN)
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| First State Bank of Le Center | |
|---|---|
| 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 WWW: http://www.fsblecenter.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 19 |
| Total assets | $67,994 |
| Cash and due from depository institutions | $8,415 |
| Interest-bearing balances | $4,749 |
| Securities | $13,311 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $42,672 |
| Loan loss allowance | $556 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $777 |
| Other real estate owned | $231 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,588 |
| Life insurance assets | $67,994 |
| Total liabilities and capital | $60,262 |
| Total liabilities | $59,505 |
| Total deposits | $48,435 |
| Interest-bearing deposits | $59,505 |
| Deposits held in domestic offices | $92 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $346 |
| Other borrowed funds | $0 |
| Subordinated debt | $411 |
| All other liabilities | $7,732 |
| Total equity capital | $7,732 |
| Total bank equity capital | $7,732 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $4,000 |
| Undivided profits | $3,632 |
| 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 | $112 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $668 |
| Average Assets, year-to-date | $60,732 |
| Average Assets, quarterly | $8,214 |
| Volatile liabilities | $66,210 |
| Insider loans | $67,152 |
| FHLB advances | $49,112 |
| Loans and leases held for sale | $67,699 |
| Unused loan commitments | $1,498 |
| Tier 1 (core) risk-based capital | $1,498 |
| Tier 2 risk-based capital | $7,228 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $3,276 |
| Derivatives | $362 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,511 |
| Total interest expense | $541 |
| Net interest income | $2,970 |
| Provision for loan and lease losses | $163 |
| Total noninterest income | $588 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $282 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $306 |
| Total noninterest expense | $2,144 |
| Salaries and employee benefits | $1,491 |
| Premises and equipment expense | $158 |
| Additional noninterest expense | $495 |
| Pre-tax net operating income | $1,251 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $1 |
| Income before extraordinary items | $1,250 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,250 |
| Net charge-offs | $0 |
| Cash dividends | $1,250 |
| Sale, conversion, retirement of capital stock, net | $184 |
| Net operating income | $828 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.93% |
| Cost of funding earning assets | 0.91% |
| Net interest margin | 5.02% |
| Noninterest income to earning assets | 0.99% |
| Noninterest expense to earning assets | 3.62% |
| Net operating income to assets | 1.89% |
| Return on assets (ROA) | 1.89% |
| Pretax return on assets | 1.89% |
| Return on equity (ROE) | 17.19% |
| Retained earnings to average equity (YTD only) | 5.80% |
| Net charge-offs to loans | 0.42% |
| Credit loss provision to net charge-offs | 88.59% |
| Efficiency ratio | 7.68% |
| Assets per employee | $60,259 |
| Cash dividends to net income (YTD only) | 3.58% |
| Condition Ratios (%) | |
| Loss allowance to loans | 66.24% |
| Loss allowance to noncurrent loans | 1.29% |
| Noncurrent assets plus other real estate owned to assets | 496.43% |
| Noncurrent loans to loans | 0.50% |
| Net loans and leases to deposits | 0.26% |
| Net loans and leases to core deposits | 71.71% |
| Equity capital to assets | 72.75% |
| Core capital (leverage) ratio | 11.37% |
| Tier 1 risk-based capital ratio | 10.68% |
| Total risk-based capital ratio | 14.72% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $66,210 |
| Average equity | $7,271 |
| Average loans | $59,222 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5984 | First State Bank Of Le Center | 88 North Park Avenue, Le Center, MN 56057 | January 01, 1902 | Full Service Brick and Mortar |  |
| 1 | 334469 | Henderson Branch | 239 Main Street, Henderson, MN 56044 | April 19, 1999 | Full Service Brick and Mortar |  |
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