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
    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
  • 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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First State Bank of Sauk Centre.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents