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

First State Bank of Swanville - Overview

  • 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
    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)

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
  • 10Total employees (full-time equivalent)
  • $26,338Total assets
  • $3,553Cash and due from depository institutions
  • $1,689Interest-bearing balances
  • $2,270Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $18,838Net loans & leases
  • $685Loan loss allowance
  • $0Trading account assets
  • $384Bank premises and fixed assets
  • $585Other real estate owned
  • $0Goodwill and other intangibles
  • $26,338Life insurance assets
  • $708All other assets
  • $23,117Total liabilities and capital
  • $23,031Total liabilities
  • $19,274Total deposits
  • $23,031Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $26Trading liabilities
  • $0Other borrowed funds
  • $60Subordinated debt
  • $3,221All other liabilities
  • $3,221Total equity capital
  • $3,221Total bank equity capital
  • $0Perpetual preferred stock
  • $55Common stock
  • $2,945Surplus
  • $221Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $987Income earned, not collected on loans
  • $0Earning assets
  • $131Long-term assets (5+ years)
  • $22,797Average Assets, year-to-date
  • $1,916Average Assets, quarterly
  • $26,928Volatile liabilities
  • $26,561Insider loans
  • $21,311FHLB advances
  • $26,601Loans and leases held for sale
  • $421Unused loan commitments
  • $421Tier 1 (core) risk-based capital
  • $3,141Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $58Restructured Loans and leases
  • $135Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,427Total interest income
  • $232Total interest expense
  • $1,195Net interest income
  • $371Provision for loan and lease losses
  • $300Total noninterest income
  • $0Fiduciary activities
  • $122Service charges on deposit accounts
  • $0Trading account gains & fees
  • $178Additional noninterest income
  • $1,193Total noninterest expense
  • $645Salaries and employee benefits
  • $160Premises and equipment expense
  • $388Additional noninterest expense
  • -$69Pre-tax net operating income
  • $15Securities gains (losses)
  • $0Applicable income taxes
  • -$54Income before extraordinary items
  • $0Extraordinary gains - net
  • -$54Net income attributable to bank
  • $0Net charge-offs
  • -$54Cash dividends
  • $150Sale, conversion, retirement of capital stock, net
  • $8Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.07%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 5.09%Net interest margin
  • 1.28%Noninterest income to earning assets
  • 5.08%Noninterest expense to earning assets
  • -0.26%Net operating income to assets
  • -0.20%Return on assets (ROA)
  • -0.20%Pretax return on assets
  • -1.65%Return on equity (ROE)
  • -1.90%Retained earnings to average equity (YTD only)
  • 0.73%Net charge-offs to loans
  • 247.33%Credit loss provision to net charge-offs
  • 2.01%Efficiency ratio
  • 79,799Assets per employee
  • 2.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -14.81%Loss allowance to loans
  • 3.51%Loss allowance to noncurrent loans
  • 69.40%Noncurrent assets plus other real estate owned to assets
  • 5.97%Noncurrent loans to loans
  • 5.06%Net loans and leases to deposits
  • 81.79%Net loans and leases to core deposits
  • 104.63%Equity capital to assets
  • 12.23%Core capital (leverage) ratio
  • 11.81%Tier 1 risk-based capital ratio
  • 14.74%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $26,928Average earning assets
  • $3,270Average equity
  • $23,491Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05241First State Bank Of Swanville306 Degraff St, Swanville, MN 56382May 01, 1907Full Service Brick and Mortar
    1238563Grey Eagle BranchMain Street, Grey Eagle, MN 56336May 06, 1983Full Service Brick and Mortar

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