First State Bank of Wabasha in Wabasha, Minnesota (MN)
| First State Bank of Wabasha | |
|---|---|
| General | FDIC Certificate #: 15804 Status: Active Federal Reserve ID: 835958 Bank Holding Company (Regulatory Top Holder): Wabasha Holding Company (RSSDID: 1128983, Location: Wabasha, MN) Date Established: August 09, 1881 WWW: http://www.fsbwabasha.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) OTS Docket #: 11209 FDIC's unique #: 10048 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: Other Specialized Lending < 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: 111 West Main Street, Wabasha, MN 55981 County: Wabasha 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 Core Based Statistical Area (CBSA): Rochester, MN (#40340) CBSA Metro Statistical Area: Rochester, MN (#40340) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $114.8 mil Equity capital: $11.3 mil Deposits held in domestic offices: $102.9 mil Return on assets (ROA): 0.58% ($0.7 mil) Quarterly return on assets: 0.80% ($0.9 mil) Return on Equity (ROE): 6.34% ($0.7 mil) Quarterly return on equity: 8.01% ($0.9 mil) Net income: $0.7 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.58% ($666.0 mil) Quarterly Pretax return on assets: 0.80% ($918.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 22 |
| Total assets | $114,822 |
| Cash and due from depository institutions | $7,065 |
| Interest-bearing balances | $1,766 |
| Securities | $57,663 |
| Federal funds sold & reverse repurchase agreements | $5,401 |
| Net loans & leases | $39,728 |
| Loan loss allowance | $1,262 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $472 |
| Other real estate owned | $1,003 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,490 |
| Life insurance assets | $114,822 |
| Total liabilities and capital | $103,479 |
| Total liabilities | $102,915 |
| Total deposits | $91,213 |
| Interest-bearing deposits | $102,915 |
| Deposits held in domestic offices | $86 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $564 |
| All other liabilities | $11,343 |
| Total equity capital | $11,343 |
| Total bank equity capital | $11,343 |
| Perpetual preferred stock | $0 |
| Common stock | $285 |
| Surplus | $6,600 |
| Undivided profits | $4,458 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $190 |
| Income earned, not collected on loans | $1,803 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $591 |
| Average Assets, year-to-date | $104,558 |
| Average Assets, quarterly | $56,059 |
| Volatile liabilities | $112,951 |
| Insider loans | $113,497 |
| FHLB advances | $54,271 |
| Loans and leases held for sale | $116,749 |
| Unused loan commitments | $2,261 |
| Tier 1 (core) risk-based capital | $2,261 |
| Tier 2 risk-based capital | $9,987 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $5,380 |
| Derivatives | $1,932 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,242 |
| Total interest expense | $1,378 |
| Net interest income | $2,864 |
| Provision for loan and lease losses | $631 |
| Total noninterest income | $635 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $229 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $406 |
| Total noninterest expense | $2,216 |
| Salaries and employee benefits | $1,275 |
| Premises and equipment expense | $343 |
| Additional noninterest expense | $598 |
| Pre-tax net operating income | $652 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $2 |
| Income before extraordinary items | $650 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $650 |
| Net charge-offs | $0 |
| Cash dividends | $650 |
| Sale, conversion, retirement of capital stock, net | $383 |
| Net operating income | $171 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.11% |
| Cost of funding earning assets | 1.34% |
| Net interest margin | 2.78% |
| Noninterest income to earning assets | 0.62% |
| Noninterest expense to earning assets | 2.15% |
| Net operating income to assets | 0.58% |
| Return on assets (ROA) | 0.58% |
| Pretax return on assets | 0.58% |
| Return on equity (ROE) | 6.34% |
| Retained earnings to average equity (YTD only) | 4.67% |
| Net charge-offs to loans | 0.92% |
| Credit loss provision to net charge-offs | 164.75% |
| Efficiency ratio | 3.35% |
| Assets per employee | $63,332 |
| Cash dividends to net income (YTD only) | 5.22% |
| Condition Ratios (%) | |
| Loss allowance to loans | 26.31% |
| Loss allowance to noncurrent loans | 3.08% |
| Noncurrent assets plus other real estate owned to assets | 69.99% |
| Noncurrent loans to loans | 2.44% |
| Net loans and leases to deposits | 4.40% |
| Net loans and leases to core deposits | 38.60% |
| Equity capital to assets | 42.44% |
| Core capital (leverage) ratio | 9.88% |
| Tier 1 risk-based capital ratio | 8.55% |
| Total risk-based capital ratio | 18.40% |
| Memoranda | |
| Average assets | $20 |
| Average earning assets | $112,951 |
| Average equity | $10,255 |
| Average loans | $103,105 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 10048 | First State Bank Of Wabasha | 111 West Main Street, Wabasha, MN 55981 | August 09, 1881 | Full Service Brick and Mortar |  |
| 1 | 235523 | Detached Facility | Dodge And Belvidere, Kellogg, MN 55945 | September 25, 1978 | Limited Service Facility |  |
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