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

First State Bank of Wabasha - Overview

  • 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
    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)

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
  • 22Total employees (full-time equivalent)
  • $114,822Total assets
  • $7,065Cash and due from depository institutions
  • $1,766Interest-bearing balances
  • $57,663Securities
  • $5,401Federal funds sold & reverse repurchase agreements
  • $39,728Net loans & leases
  • $1,262Loan loss allowance
  • $0Trading account assets
  • $472Bank premises and fixed assets
  • $1,003Other real estate owned
  • $0Goodwill and other intangibles
  • $114,822Life insurance assets
  • $3,490All other assets
  • $103,479Total liabilities and capital
  • $102,915Total liabilities
  • $91,213Total deposits
  • $102,915Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $564Subordinated debt
  • $11,343All other liabilities
  • $11,343Total equity capital
  • $11,343Total bank equity capital
  • $0Perpetual preferred stock
  • $285Common stock
  • $6,600Surplus
  • $4,458Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $190Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,803Income earned, not collected on loans
  • $0Earning assets
  • $591Long-term assets (5+ years)
  • $104,558Average Assets, year-to-date
  • $56,059Average Assets, quarterly
  • $112,951Volatile liabilities
  • $113,497Insider loans
  • $54,271FHLB advances
  • $116,749Loans and leases held for sale
  • $2,261Unused loan commitments
  • $2,261Tier 1 (core) risk-based capital
  • $9,987Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,380Restructured Loans and leases
  • $1,932Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,242Total interest income
  • $1,378Total interest expense
  • $2,864Net interest income
  • $631Provision for loan and lease losses
  • $635Total noninterest income
  • $0Fiduciary activities
  • $229Service charges on deposit accounts
  • $0Trading account gains & fees
  • $406Additional noninterest income
  • $2,216Total noninterest expense
  • $1,275Salaries and employee benefits
  • $343Premises and equipment expense
  • $598Additional noninterest expense
  • $652Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • $650Income before extraordinary items
  • $0Extraordinary gains - net
  • $650Net income attributable to bank
  • $0Net charge-offs
  • $650Cash dividends
  • $383Sale, conversion, retirement of capital stock, net
  • $171Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.11%Yield on earning assets
  • 1.34%Cost of funding earning assets
  • 2.78%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 2.15%Noninterest expense to earning assets
  • 0.58%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.58%Pretax return on assets
  • 6.34%Return on equity (ROE)
  • 4.67%Retained earnings to average equity (YTD only)
  • 0.92%Net charge-offs to loans
  • 164.75%Credit loss provision to net charge-offs
  • 3.35%Efficiency ratio
  • 63,332Assets per employee
  • 5.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.31%Loss allowance to loans
  • 3.08%Loss allowance to noncurrent loans
  • 69.99%Noncurrent assets plus other real estate owned to assets
  • 2.44%Noncurrent loans to loans
  • 4.40%Net loans and leases to deposits
  • 38.60%Net loans and leases to core deposits
  • 42.44%Equity capital to assets
  • 9.88%Core capital (leverage) ratio
  • 8.55%Tier 1 risk-based capital ratio
  • 18.40%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $112,951Average earning assets
  • $10,255Average equity
  • $103,105Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010048First State Bank Of Wabasha111 West Main Street, Wabasha, MN 55981August 09, 1881Full Service Brick and Mortar
    1235523Detached FacilityDodge And Belvidere, Kellogg, MN 55945September 25, 1978Limited Service Facility

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