Glenwood State Bank (Incorporated) in Glenwood, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Glenwood State Bank (Incorporated) - Overview

  • General
  • FDIC Certificate #: 8853
    Status: Active
    Federal Reserve ID: 975854
    Date Established: May 09, 1907
    WWW: http://www.glenwoodstate.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 5648
    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: July 10, 2007
    Last Structure Change Process Date: July 11, 2007
    Last Data Update: July 11, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 5 East Minnesota Street, Glenwood, MN 56334
    County: Pope
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $187.7 mil
    Equity capital: $17.9 mil
    Deposits held in domestic offices: $154.0 mil
    Return on assets (ROA): 0.82% ($1.5 mil)
    Quarterly return on assets: 0.02% ($0.0 mil)
    Return on Equity (ROE): 8.41% ($1.5 mil)
    Quarterly return on equity: 0.20% ($0.0 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.82% ($1,539.4 mil)
    Quarterly Pretax return on assets: 0.02% ($37.5 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
  • 45Total employees (full-time equivalent)
  • $187,737Total assets
  • $12,049Cash and due from depository institutions
  • $8,736Interest-bearing balances
  • $2,373Securities
  • $167Federal funds sold & reverse repurchase agreements
  • $161,507Net loans & leases
  • $2,322Loan loss allowance
  • $0Trading account assets
  • $4,200Bank premises and fixed assets
  • $3,946Other real estate owned
  • $0Goodwill and other intangibles
  • $187,737Life insurance assets
  • $3,495All other assets
  • $169,831Total liabilities and capital
  • $154,039Total liabilities
  • $128,604Total deposits
  • $154,039Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,602Trading liabilities
  • $0Other borrowed funds
  • $190Subordinated debt
  • $17,906All other liabilities
  • $17,906Total equity capital
  • $17,906Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $16,400Surplus
  • $1,406Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,631Income earned, not collected on loans
  • $0Earning assets
  • $959Long-term assets (5+ years)
  • $172,783Average Assets, year-to-date
  • $13,021Average Assets, quarterly
  • $181,433Volatile liabilities
  • $184,555Insider loans
  • $170,223FHLB advances
  • $190,060Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,862Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $26,575Restructured Loans and leases
  • $7,011Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,512Total interest income
  • $2,566Total interest expense
  • $6,946Net interest income
  • $700Provision for loan and lease losses
  • $184Total noninterest income
  • $0Fiduciary activities
  • $376Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$192Additional noninterest income
  • $4,935Total noninterest expense
  • $2,779Salaries and employee benefits
  • $508Premises and equipment expense
  • $1,648Additional noninterest expense
  • $1,495Pre-tax net operating income
  • $0Securities gains (losses)
  • $5Applicable income taxes
  • $1,490Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,490Net income attributable to bank
  • $0Net charge-offs
  • $1,490Cash dividends
  • $493Sale, conversion, retirement of capital stock, net
  • $729Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.67%Yield on earning assets
  • 1.53%Cost of funding earning assets
  • 4.14%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 2.94%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 8.41%Return on equity (ROE)
  • 4.29%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 141.99%Credit loss provision to net charge-offs
  • 4.45%Efficiency ratio
  • 69,215Assets per employee
  • 4.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.93%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 88.26%Noncurrent assets plus other real estate owned to assets
  • 3.50%Noncurrent loans to loans
  • 1.61%Net loans and leases to deposits
  • 104.85%Net loans and leases to core deposits
  • 109.39%Equity capital to assets
  • 9.54%Core capital (leverage) ratio
  • 9.40%Tier 1 risk-based capital ratio
  • 10.49%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $181,433Average earning assets
  • $17,726Average equity
  • $167,728Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05648Glenwood State Bank (Incorporated)5 East Minnesota Street, Glenwood, MN 56334May 09, 1907Full Service Brick and Mortar
    1219061Detached FacilityWashington And Central Streets, Villard, MN 56385December 08, 1980Limited Service Facility
    2473138Alexandria Branch2221 South Broadway, Alexandria, MN 56308March 14, 2008Full Service Brick and Mortar

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