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

First State Bank of Okabena (Incorporated) - Overview

  • General
  • FDIC Certificate #: 1934
    Status: Active
    Federal Reserve ID: 783956
    Bank Holding Company (Regulatory Top Holder): Hartman Bancshares, Inc. (RSSDID: 1126381, Location: Okabena, MN)
    Date Established: October 01, 1906
    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 #: 1299
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 27, 2010
    Last Structure Change Process Date: May 27, 2010
    Last Data Update: May 27, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 117 S Minnesota, Okabena, MN 56161
    County: Jackson
    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
  • Financial Summary
  • Total assets: $17.8 mil
    Equity capital: $3.4 mil
    Deposits held in domestic offices: $14.4 mil
    Return on assets (ROA): -0.04% (-$0.0 mil)
    Quarterly return on assets: -0.33% (-$0.1 mil)
    Return on Equity (ROE): -0.21% (-$0.0 mil)
    Quarterly return on equity: -1.75% (-$0.1 mil)
    Net income: -$0.0 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.16% (-$28.6 mil)
    Quarterly Pretax return on assets: -0.85% (-$151.7 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
  • 6Total employees (full-time equivalent)
  • $17,847Total assets
  • $3,491Cash and due from depository institutions
  • $2,993Interest-bearing balances
  • $6,073Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $7,451Net loans & leases
  • $225Loan loss allowance
  • $0Trading account assets
  • $65Bank premises and fixed assets
  • $160Other real estate owned
  • $0Goodwill and other intangibles
  • $17,847Life insurance assets
  • $607All other assets
  • $14,436Total liabilities and capital
  • $14,419Total liabilities
  • $11,071Total deposits
  • $14,419Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $17Subordinated debt
  • $3,411All other liabilities
  • $3,411Total equity capital
  • $3,411Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $2,000Surplus
  • $1,311Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4Income earned, not collected on loans
  • $0Earning assets
  • $81Long-term assets (5+ years)
  • $16,517Average Assets, year-to-date
  • $3,386Average Assets, quarterly
  • $18,410Volatile liabilities
  • $17,922Insider loans
  • $9,021FHLB advances
  • $17,508Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,957Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,795Restructured Loans and leases
  • $25Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $720Total interest income
  • $159Total interest expense
  • $561Net interest income
  • $0Provision for loan and lease losses
  • -$72Total noninterest income
  • $0Fiduciary activities
  • $42Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$114Additional noninterest income
  • $508Total noninterest expense
  • $348Salaries and employee benefits
  • $61Premises and equipment expense
  • $99Additional noninterest expense
  • -$19Pre-tax net operating income
  • -$11Securities gains (losses)
  • -$23Applicable income taxes
  • -$7Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7Net income attributable to bank
  • $0Net charge-offs
  • -$7Cash dividends
  • $40Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 3.39%Net interest margin
  • -0.44%Noninterest income to earning assets
  • 3.07%Noninterest expense to earning assets
  • 0.00%Net operating income to assets
  • -0.04%Return on assets (ROA)
  • -0.16%Pretax return on assets
  • -0.21%Return on equity (ROE)
  • -0.21%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • -0.47%Efficiency ratio
  • 103,885Assets per employee
  • 2.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.93%Loss allowance to noncurrent loans
  • 5625.00%Noncurrent assets plus other real estate owned to assets
  • 1.54%Noncurrent loans to loans
  • 0.05%Net loans and leases to deposits
  • 51.67%Net loans and leases to core deposits
  • 54.11%Equity capital to assets
  • 19.11%Core capital (leverage) ratio
  • 16.89%Tier 1 risk-based capital ratio
  • 32.78%Total risk-based capital ratio
  • Memoranda
  • $34Average assets
  • $18,410Average earning assets
  • $3,406Average equity
  • $16,528Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01299First State Bank Of Okabena (Incorpo117 S Minnesota, Okabena, MN 56161October 01, 1906Full Service Brick and Mortar

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