Home State Bank in Litchfield, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Home State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 39Total employees (full-time equivalent)
  • $128,385Total assets
  • $14,590Cash and due from depository institutions
  • $10,133Interest-bearing balances
  • $29,435Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $73,604Net loans & leases
  • $1,430Loan loss allowance
  • $0Trading account assets
  • $5,272Bank premises and fixed assets
  • $2,329Other real estate owned
  • $0Goodwill and other intangibles
  • $128,385Life insurance assets
  • $3,155All other assets
  • $113,259Total liabilities and capital
  • $98,239Total liabilities
  • $73,801Total deposits
  • $98,239Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 2465.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,000Trading liabilities
  • $0Other borrowed funds
  • $555Subordinated debt
  • $15,126All other liabilities
  • $15,126Total equity capital
  • $15,126Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $7,650Surplus
  • $7,376Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $636Income earned, not collected on loans
  • $0Earning assets
  • $766Long-term assets (5+ years)
  • $113,172Average Assets, year-to-date
  • $27,268Average Assets, quarterly
  • $122,091Volatile liabilities
  • $126,395Insider loans
  • $87,591FHLB advances
  • $125,122Loans and leases held for sale
  • $1,022Unused loan commitments
  • $1,022Tier 1 (core) risk-based capital
  • $13,811Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,543Restructured Loans and leases
  • $332Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,169Total interest income
  • $956Total interest expense
  • $5,213Net interest income
  • $600Provision for loan and lease losses
  • $694Total noninterest income
  • $0Fiduciary activities
  • $357Service charges on deposit accounts
  • $0Trading account gains & fees
  • $337Additional noninterest income
  • $4,140Total noninterest expense
  • $2,160Salaries and employee benefits
  • $664Premises and equipment expense
  • $1,316Additional noninterest expense
  • $1,167Pre-tax net operating income
  • $84Securities gains (losses)
  • $2Applicable income taxes
  • $1,249Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,249Net income attributable to bank
  • $0Net charge-offs
  • $1,249Cash dividends
  • $179Sale, conversion, retirement of capital stock, net
  • $336Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.74%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 4.85%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 3.85%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 8.91%Return on equity (ROE)
  • 6.52%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 335.20%Credit loss provision to net charge-offs
  • 9.87%Efficiency ratio
  • 69,562Assets per employee
  • 3.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.90%Loss allowance to loans
  • 1.91%Loss allowance to noncurrent loans
  • 224.84%Noncurrent assets plus other real estate owned to assets
  • 2.31%Noncurrent loans to loans
  • 0.85%Net loans and leases to deposits
  • 74.92%Net loans and leases to core deposits
  • 81.45%Equity capital to assets
  • 11.78%Core capital (leverage) ratio
  • 11.04%Tier 1 risk-based capital ratio
  • 15.77%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $122,091Average earning assets
  • $14,013Average equity
  • $107,538Average loans

List of branches

  • 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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