Home State Bank in Litchfield, Minnesota (MN)



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Home State Bank
GeneralFDIC Certificate #: 9745
Status: Active
Federal Reserve ID: 983550
Bank Holding Company (Regulatory Top Holder): Kandiyohi Bancshares, Inc. (RSSDID: 1125553, Location: Willmar, MN)
Date Established: March 23, 1926
WWW: http://www.hsbofmn.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 6233
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: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 1435 East Highway 12, Litchfield, MN 55355
County: Meeker
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
Financial SummaryTotal assets: $128.4 mil
Equity capital: $15.1 mil
Deposits held in domestic offices: $98.2 mil
Return on assets (ROA): 1.02% ($1.3 mil)
Quarterly return on assets: 0.76% ($1.0 mil)
Return on Equity (ROE): 8.91% ($1.3 mil)
Quarterly return on equity: 6.48% ($1.0 mil)
Net income: $1.2 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.02% ($1,309.5 mil)
Quarterly Pretax return on assets: 0.76% ($975.7 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)39
Total assets$128,385
Cash and due from depository institutions$14,590
Interest-bearing balances$10,133
Securities$29,435
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$73,604
Loan loss allowance $1,430
Trading account assets$0
Bank premises and fixed assets$5,272
Other real estate owned$2,329
Goodwill and other intangibles$0
All other assets$3,155
Life insurance assets$128,385
Total liabilities and capital$113,259
Total liabilities$98,239
Total deposits$73,801
Interest-bearing deposits$98,239
Deposits held in domestic offices$91
% insured (estimated)2465.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$12,000
Other borrowed funds $0
Subordinated debt $555
All other liabilities $15,126
Total equity capital$15,126
Total bank equity capital$15,126
Perpetual preferred stock$0
Common stock$100
Surplus$7,650
Undivided profits $7,376
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 $636
Earning assets $0
Long-term assets (5+ years) $766
Average Assets, year-to-date $113,172
Average Assets, quarterly $27,268
Volatile liabilities $122,091
Insider loans $126,395
FHLB advances $87,591
Loans and leases held for sale $125,122
Unused loan commitments $1,022
Tier 1 (core) risk-based capital $1,022
Tier 2 risk-based capital $13,811
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $14,543
Derivatives$332
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,169
Total interest expense $956
Net interest income $5,213
Provision for loan and lease losses $600
Total noninterest income $694
Fiduciary activities $0
Service charges on deposit accounts $357
Trading account gains & fees $0
Additional noninterest income $337
Total noninterest expense $4,140
Salaries and employee benefits $2,160
Premises and equipment expense $664
Additional noninterest expense $1,316
Pre-tax net operating income $1,167
Securities gains (losses) $84
Applicable income taxes $2
Income before extraordinary items $1,249
Extraordinary gains - net $0
Net income attributable to bank $1,249
Net charge-offs $0
Cash dividends $1,249
Sale, conversion, retirement of capital stock, net $179
Net operating income $336
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.74%
Cost of funding earning assets 0.89%
Net interest margin 4.85%
Noninterest income to earning assets 0.65%
Noninterest expense to earning assets 3.85%
Net operating income to assets 0.95%
Return on assets (ROA) 1.02%
Pretax return on assets 1.02%
Return on equity (ROE) 8.91%
Retained earnings to average equity (YTD only) 6.52%
Net charge-offs to loans 0.23%
Credit loss provision to net charge-offs 335.20%
Efficiency ratio9.87%
Assets per employee$69,562
Cash dividends to net income (YTD only)3.29%
Condition Ratios (%)
Loss allowance to loans 26.90%
Loss allowance to noncurrent loans 1.91%
Noncurrent assets plus other real estate owned to assets 224.84%
Noncurrent loans to loans 2.31%
Net loans and leases to deposits0.85%
Net loans and leases to core deposits 74.92%
Equity capital to assets 81.45%
Core capital (leverage) ratio 11.78%
Tier 1 risk-based capital ratio 11.04%
Total risk-based capital ratio 15.77%
Memoranda
Average assets$17
Average earning assets$122,091
Average equity $14,013
Average loans $107,538
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5 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06233Home State Bank1435 East Highway 12, Litchfield, MN 55355March 23, 1926Full Service Brick and Mortar
1221097Willmar Branch1601 Highway #12 East, Willmar, MN 56201June 09, 1982Full Service Brick and Mortar
27987Cosmos BranchMain Street, Cosmos, MN 56228April 09, 1914Full Service Brick and Mortar
4226651Hutchinson Branch1020 Highway 15 South, Hutchinson, MN 55350December 18, 1996Full Service Retail
5470021Home State Bank745 Highway 7 West, Hutchinson, MN 55350January 03, 2008Full Service Brick and Mortar
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