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
    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)

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

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 Wabasha.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents