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

First State Bank of Sauk Centre - Overview

  • General
  • FDIC Certificate #: 8831
    Status: Active
    Federal Reserve ID: 769156
    Bank Holding Company (Regulatory Top Holder): Dubois Bankshares, Inc. (RSSDID: 1124042, Location: Sauk Centre, MN)
    Date Established: September 01, 1880
    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 #: 5626
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    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: 423 Main Street, Sauk Centre, MN 56378
    County: Stearns
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): St. Cloud, MN (#6980)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
    CBSA Metro Statistical Area: St. Cloud, MN (#41060)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $103.3 mil
    Equity capital: $14.3 mil
    Deposits held in domestic offices: $88.8 mil
    Return on assets (ROA): 0.99% ($1.0 mil)
    Quarterly return on assets: 0.86% ($0.9 mil)
    Return on Equity (ROE): 7.34% ($1.0 mil)
    Quarterly return on equity: 6.23% ($0.9 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.99% ($1,023.0 mil)
    Quarterly Pretax return on assets: 0.86% ($888.7 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
  • 20Total employees (full-time equivalent)
  • $103,336Total assets
  • $13,551Cash and due from depository institutions
  • $10,836Interest-bearing balances
  • $42,101Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $44,625Net loans & leases
  • $849Loan loss allowance
  • $0Trading account assets
  • $812Bank premises and fixed assets
  • $1,110Other real estate owned
  • $0Goodwill and other intangibles
  • $103,336Life insurance assets
  • $1,137All other assets
  • $89,040Total liabilities and capital
  • $88,811Total liabilities
  • $80,570Total deposits
  • $88,811Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $229Subordinated debt
  • $14,296All other liabilities
  • $14,296Total equity capital
  • $14,296Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $7,500Surplus
  • $6,546Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,282Income earned, not collected on loans
  • $0Earning assets
  • $558Long-term assets (5+ years)
  • $97,562Average Assets, year-to-date
  • $31,095Average Assets, quarterly
  • $100,841Volatile liabilities
  • $103,465Insider loans
  • $52,220FHLB advances
  • $107,967Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,642Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,342Restructured Loans and leases
  • $84Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,029Total interest income
  • $870Total interest expense
  • $3,159Net interest income
  • $240Provision for loan and lease losses
  • $278Total noninterest income
  • $0Fiduciary activities
  • $194Service charges on deposit accounts
  • $0Trading account gains & fees
  • $84Additional noninterest income
  • $2,197Total noninterest expense
  • $1,378Salaries and employee benefits
  • $240Premises and equipment expense
  • $579Additional noninterest expense
  • $1,000Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,000Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,000Net income attributable to bank
  • $0Net charge-offs
  • $1,000Cash dividends
  • $12Sale, conversion, retirement of capital stock, net
  • $749Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.22%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 2.30%Noninterest expense to earning assets
  • 0.99%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 7.34%Return on equity (ROE)
  • 1.84%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 2000.00%Credit loss provision to net charge-offs
  • 103.33%Efficiency ratio
  • 63,922Assets per employee
  • 5.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.90%Loss allowance to loans
  • 1.87%Loss allowance to noncurrent loans
  • 66.22%Noncurrent assets plus other real estate owned to assets
  • 2.31%Noncurrent loans to loans
  • 2.82%Net loans and leases to deposits
  • 50.25%Net loans and leases to core deposits
  • 53.02%Equity capital to assets
  • 13.83%Core capital (leverage) ratio
  • 11.71%Tier 1 risk-based capital ratio
  • 24.21%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $100,841Average earning assets
  • $13,626Average equity
  • $95,374Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05626First State Bank Of Sauk Centre423 Main Street, Sauk Centre, MN 56378September 01, 1880Full Service Brick and Mortar

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