Frost State Bank in Frost, Minnesota (MN)



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Frost State Bank routing number info

Table of contents:
Frost State Bank
GeneralFDIC Certificate #: 26519
Status: Active
Federal Reserve ID: 943853
Date Established: December 20, 1985
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 33221
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: December 20, 1985
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: September 23, 2010
Last Data Update: September 23, 2010
Data Source Date: April 05, 2012
LocationAddress: 205 Main St, Frost, MN 56033
County: Faribault
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Mankato
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of ChangesMerge BIF and SAIF Funds into DIF
Change in Location
Financial SummaryTotal assets: $32.1 mil
Equity capital: $3.3 mil
Deposits held in domestic offices: $27.7 mil
Return on assets (ROA): 1.41% ($0.5 mil)
Quarterly return on assets: 1.18% ($0.4 mil)
Return on Equity (ROE): 14.27% ($0.4 mil)
Quarterly return on equity: 11.38% ($0.3 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 2.27% ($727.6 mil)
Quarterly Pretax return on assets: 1.76% ($564.2 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)
Total employees (full-time equivalent)6
Total assets$32,054
Cash and due from depository institutions$1,836
Interest-bearing balances$200
Securities$1,710
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$27,840
Loan loss allowance $318
Trading account assets$0
Bank premises and fixed assets$55
Other real estate owned$75
Goodwill and other intangibles$0
All other assets$538
Life insurance assets$32,054
Total liabilities and capital$28,739
Total liabilities$27,659
Total deposits$24,569
Interest-bearing deposits$27,659
Deposits held in domestic offices$98
% insured (estimated)925.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $155
All other liabilities $3,315
Total equity capital$3,315
Total bank equity capital$3,315
Perpetual preferred stock$0
Common stock$100
Surplus$2,400
Undivided profits $815
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 $373
Earning assets $0
Long-term assets (5+ years) $434
Average Assets, year-to-date $29,750
Average Assets, quarterly $806
Volatile liabilities $31,227
Insider loans $31,553
FHLB advances $28,338
Loans and leases held for sale $31,362
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $3,307
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,010
Derivatives$203
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,663
Total interest expense $424
Net interest income $1,239
Provision for loan and lease losses $100
Total noninterest income $117
Fiduciary activities $0
Service charges on deposit accounts $99
Trading account gains & fees $0
Additional noninterest income $18
Total noninterest expense $547
Salaries and employee benefits $333
Premises and equipment expense $71
Additional noninterest expense $143
Pre-tax net operating income $709
Securities gains (losses) $0
Applicable income taxes $269
Income before extraordinary items $440
Extraordinary gains - net $0
Net income attributable to bank $440
Net charge-offs $0
Cash dividends $440
Sale, conversion, retirement of capital stock, net $140
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.72%
Cost of funding earning assets 1.46%
Net interest margin 4.26%
Noninterest income to earning assets 0.40%
Noninterest expense to earning assets 1.88%
Net operating income to assets 1.41%
Return on assets (ROA) 1.41%
Pretax return on assets 2.27%
Return on equity (ROE) 14.27%
Retained earnings to average equity (YTD only) 14.27%
Net charge-offs to loans 0.52%
Credit loss provision to net charge-offs 71.43%
Efficiency ratio5.78%
Assets per employee$40,339
Cash dividends to net income (YTD only)5.34%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.13%
Noncurrent assets plus other real estate owned to assets 85.25%
Noncurrent loans to loans 1.40%
Net loans and leases to deposits1.32%
Net loans and leases to core deposits 100.65%
Equity capital to assets 124.20%
Core capital (leverage) ratio 10.34%
Tier 1 risk-based capital ratio 10.54%
Total risk-based capital ratio 11.67%
Memoranda
Average assets$13
Average earning assets$31,227
Average equity $3,084
Average loans $29,077
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
033221Frost State Bank205 Main St, Frost, MN 56033December 20, 1985Full Service Brick and Mortar
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