First State Bank of Swanville in Swanville, Minnesota (MN)
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| First State Bank of Swanville | |
|---|---|
| General | FDIC Certificate #: 8218 Status: Active Federal Reserve ID: 833851 Bank Holding Company (Regulatory Top Holder): Swanville Bancshares, Inc. (RSSDID: 1124622, Location: Swanville, MN) Date Established: May 01, 1907 WWW: http://www.fsbswanville.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 5241 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: Commercial Lending Specialization 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: 306 Degraff St, Swanville, MN 56382 County: Morrison 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 |
| History of Changes | Change in Location Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $26.3 mil Equity capital: $3.2 mil Deposits held in domestic offices: $23.0 mil Return on assets (ROA): -0.20% (-$0.1 mil) Quarterly return on assets: -2.74% (-$0.7 mil) Return on Equity (ROE): -1.65% (-$0.0 mil) Quarterly return on equity: -22.03% (-$0.7 mil) Net income: -$0.1 mil Quarterly Net income: -$0.2 mil Pretax return on assets: -0.20% (-$52.7 mil) Quarterly Pretax return on assets: -2.74% (-$721.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 10 |
| Total assets | $26,338 |
| Cash and due from depository institutions | $3,553 |
| Interest-bearing balances | $1,689 |
| Securities | $2,270 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $18,838 |
| Loan loss allowance | $685 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $384 |
| Other real estate owned | $585 |
| Goodwill and other intangibles | $0 |
| All other assets | $708 |
| Life insurance assets | $26,338 |
| Total liabilities and capital | $23,117 |
| Total liabilities | $23,031 |
| Total deposits | $19,274 |
| Interest-bearing deposits | $23,031 |
| Deposits held in domestic offices | $92 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $26 |
| Other borrowed funds | $0 |
| Subordinated debt | $60 |
| All other liabilities | $3,221 |
| Total equity capital | $3,221 |
| Total bank equity capital | $3,221 |
| Perpetual preferred stock | $0 |
| Common stock | $55 |
| Surplus | $2,945 |
| Undivided profits | $221 |
| 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 | $987 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $131 |
| Average Assets, year-to-date | $22,797 |
| Average Assets, quarterly | $1,916 |
| Volatile liabilities | $26,928 |
| Insider loans | $26,561 |
| FHLB advances | $21,311 |
| Loans and leases held for sale | $26,601 |
| Unused loan commitments | $421 |
| Tier 1 (core) risk-based capital | $421 |
| Tier 2 risk-based capital | $3,141 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $58 |
| Derivatives | $135 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,427 |
| Total interest expense | $232 |
| Net interest income | $1,195 |
| Provision for loan and lease losses | $371 |
| Total noninterest income | $300 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $122 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $178 |
| Total noninterest expense | $1,193 |
| Salaries and employee benefits | $645 |
| Premises and equipment expense | $160 |
| Additional noninterest expense | $388 |
| Pre-tax net operating income | -$69 |
| Securities gains (losses) | $15 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$54 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$54 |
| Net charge-offs | $0 |
| Cash dividends | -$54 |
| Sale, conversion, retirement of capital stock, net | $150 |
| Net operating income | $8 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.07% |
| Cost of funding earning assets | 0.99% |
| Net interest margin | 5.09% |
| Noninterest income to earning assets | 1.28% |
| Noninterest expense to earning assets | 5.08% |
| Net operating income to assets | -0.26% |
| Return on assets (ROA) | -0.20% |
| Pretax return on assets | -0.20% |
| Return on equity (ROE) | -1.65% |
| Retained earnings to average equity (YTD only) | -1.90% |
| Net charge-offs to loans | 0.73% |
| Credit loss provision to net charge-offs | 247.33% |
| Efficiency ratio | 2.01% |
| Assets per employee | $79,799 |
| Cash dividends to net income (YTD only) | 2.63% |
| Condition Ratios (%) | |
| Loss allowance to loans | -14.81% |
| Loss allowance to noncurrent loans | 3.51% |
| Noncurrent assets plus other real estate owned to assets | 69.40% |
| Noncurrent loans to loans | 5.97% |
| Net loans and leases to deposits | 5.06% |
| Net loans and leases to core deposits | 81.79% |
| Equity capital to assets | 104.63% |
| Core capital (leverage) ratio | 12.23% |
| Tier 1 risk-based capital ratio | 11.81% |
| Total risk-based capital ratio | 14.74% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $26,928 |
| Average equity | $3,270 |
| Average loans | $23,491 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5241 | First State Bank Of Swanville | 306 Degraff St, Swanville, MN 56382 | May 01, 1907 | Full Service Brick and Mortar |  |
| 1 | 238563 | Grey Eagle Branch | Main Street, Grey Eagle, MN 56336 | May 06, 1983 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.