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

Show street view No street view available for this location

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
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
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
Undivided profits $6,546
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
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Average assets$25
Average earning assets$100,841
Average equity $13,626
Average loans $95,374
Back to page top, Back to table top

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
Back to page top

User Contributions:

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. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.