Integrity Bank Plus in Wabasso, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Integrity Bank Plus - Overview

  • General
  • FDIC Certificate #: 15578
    Status: Active
    Federal Reserve ID: 897451
    Bank Holding Company (Regulatory Top Holder): Wabasso Bancshares, Inc. (RSSDID: 1925913, Location: Wabasso, MN)
    Date Established: October 01, 1934
    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 #: 9866
    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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 27, 1938
    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: 726 Main Street, Wabasso, MN 56293
    County: Redwood
    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: $52.7 mil
    Equity capital: $5.2 mil
    Deposits held in domestic offices: $45.7 mil
    Return on assets (ROA): 1.12% ($0.6 mil)
    Quarterly return on assets: 0.55% ($0.3 mil)
    Return on Equity (ROE): 11.58% ($0.6 mil)
    Quarterly return on equity: 5.65% ($0.3 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.13% ($595.8 mil)
    Quarterly Pretax return on assets: 0.55% ($290.0 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
  • 19Total employees (full-time equivalent)
  • $52,725Total assets
  • $2,994Cash and due from depository institutions
  • $123Interest-bearing balances
  • $6,790Securities
  • $2,745Federal funds sold & reverse repurchase agreements
  • $36,753Net loans & leases
  • $441Loan loss allowance
  • $0Trading account assets
  • $1,383Bank premises and fixed assets
  • $254Other real estate owned
  • $446Goodwill and other intangibles
  • $52,725Life insurance assets
  • $1,360All other assets
  • $47,522Total liabilities and capital
  • $45,708Total liabilities
  • $33,521Total deposits
  • $45,708Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,725Trading liabilities
  • $0Other borrowed funds
  • $89Subordinated debt
  • $5,203All other liabilities
  • $5,203Total equity capital
  • $5,203Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $3,690Surplus
  • $1,363Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $892Income earned, not collected on loans
  • $0Earning assets
  • $800Long-term assets (5+ years)
  • $46,411Average Assets, year-to-date
  • $8,842Average Assets, quarterly
  • $51,342Volatile liabilities
  • $52,665Insider loans
  • $37,082FHLB advances
  • $52,563Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,673Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,070Restructured Loans and leases
  • $196Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,788Total interest income
  • $411Total interest expense
  • $2,377Net interest income
  • $25Provision for loan and lease losses
  • $183Total noninterest income
  • $0Fiduciary activities
  • $132Service charges on deposit accounts
  • $0Trading account gains & fees
  • $51Additional noninterest income
  • $1,975Total noninterest expense
  • $1,293Salaries and employee benefits
  • $250Premises and equipment expense
  • $432Additional noninterest expense
  • $560Pre-tax net operating income
  • $18Securities gains (losses)
  • $1Applicable income taxes
  • $577Income before extraordinary items
  • $0Extraordinary gains - net
  • $577Net income attributable to bank
  • $0Net charge-offs
  • $577Cash dividends
  • $108Sale, conversion, retirement of capital stock, net
  • $226Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.99%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 5.11%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 4.24%Noninterest expense to earning assets
  • 1.09%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 11.58%Return on equity (ROE)
  • 7.05%Retained earnings to average equity (YTD only)
  • 0.28%Net charge-offs to loans
  • 23.15%Credit loss provision to net charge-offs
  • 5.42%Efficiency ratio
  • 77,148Assets per employee
  • 2.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.17%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 49.44%Noncurrent assets plus other real estate owned to assets
  • 2.17%Noncurrent loans to loans
  • 2.40%Net loans and leases to deposits
  • 80.41%Net loans and leases to core deposits
  • 81.32%Equity capital to assets
  • 9.87%Core capital (leverage) ratio
  • 8.89%Tier 1 risk-based capital ratio
  • 12.60%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $51,342Average earning assets
  • $4,981Average equity
  • $46,555Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09866Integrity Bank Plus726 Main Street, Wabasso, MN 56293October 01, 1934Full Service Brick and Mortar
    19885Walnut Grove Branch631 Main Street, Walnut Grove, MN 56180November 01, 1935Full Service Brick and Mortar
    2234574Sartell Branch198 Pine Cone Road South, Sartell, MN 56377November 10, 1999Full Service Brick and Mortar

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