First State Bank of Sauk Centre in Sauk Centre, Minnesota (MN)



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First State Bank of Sauk Centre routing number info

Table of contents:
First State Bank of Sauk Centre
GeneralFDIC 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
WWW: http://www.firststatebanksc.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 #: 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)20
Total assets$103,336
Cash and due from depository institutions$13,551
Interest-bearing balances$10,836
Securities$42,101
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$44,625
Loan loss allowance $849
Trading account assets$0
Bank premises and fixed assets$812
Other real estate owned$1,110
Goodwill and other intangibles$0
All other assets$1,137
Life insurance assets$103,336
Total liabilities and capital$89,040
Total liabilities$88,811
Total deposits$80,570
Interest-bearing deposits$88,811
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $229
All other liabilities $14,296
Total equity capital$14,296
Total bank equity capital$14,296
Perpetual preferred stock$0
Common stock$250
Surplus$7,500
Undivided profits $6,546
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 $1,282
Earning assets $0
Long-term assets (5+ years) $558
Average Assets, year-to-date $97,562
Average Assets, quarterly $31,095
Volatile liabilities $100,841
Insider loans $103,465
FHLB advances $52,220
Loans and leases held for sale $107,967
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $12,642
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,342
Derivatives$84
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,029
Total interest expense $870
Net interest income $3,159
Provision for loan and lease losses $240
Total noninterest income $278
Fiduciary activities $0
Service charges on deposit accounts $194
Trading account gains & fees $0
Additional noninterest income $84
Total noninterest expense $2,197
Salaries and employee benefits $1,378
Premises and equipment expense $240
Additional noninterest expense $579
Pre-tax net operating income $1,000
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,000
Extraordinary gains - net $0
Net income attributable to bank $1,000
Net charge-offs $0
Cash dividends $1,000
Sale, conversion, retirement of capital stock, net $12
Net operating income $749
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.22%
Cost of funding earning assets 0.91%
Net interest margin 3.31%
Noninterest income to earning assets 0.29%
Noninterest expense to earning assets 2.30%
Net operating income to assets 0.99%
Return on assets (ROA) 0.99%
Pretax return on assets 0.99%
Return on equity (ROE) 7.34%
Retained earnings to average equity (YTD only) 1.84%
Net charge-offs to loans 0.03%
Credit loss provision to net charge-offs 2000.00%
Efficiency ratio103.33%
Assets per employee$63,922
Cash dividends to net income (YTD only)5.17%
Condition Ratios (%)
Loss allowance to loans 74.90%
Loss allowance to noncurrent loans 1.87%
Noncurrent assets plus other real estate owned to assets 66.22%
Noncurrent loans to loans 2.31%
Net loans and leases to deposits2.82%
Net loans and leases to core deposits 50.25%
Equity capital to assets 53.02%
Core capital (leverage) ratio 13.83%
Tier 1 risk-based capital ratio 11.71%
Total risk-based capital ratio 24.21%
Memoranda
Average assets$25
Average earning assets$100,841
Average equity $13,626
Average loans $95,374
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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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