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


Janesville State Bank - Overview

  • General
  • FDIC Certificate #: 10960
    Status: Active
    Federal Reserve ID: 88259
    Bank Holding Company (Regulatory Top Holder): Janesville Holding Company (RSSDID: 1124284, Location: Janesville, MN)
    Date Established: January 01, 1898
    WWW: http://www.janesvillestatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 11816
    FDIC's unique #: 7016
    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 01, 1934
    Last Structure Change Effective Date: December 21, 2006
    Last Structure Change Process Date: January 30, 2007
    Last Data Update: January 30, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 N Main Street, Janesville, MN 56048
    County: Waseca
    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
  • Change in Location
  • Financial Summary
  • Total assets: $55.4 mil
    Equity capital: $7.0 mil
    Deposits held in domestic offices: $44.2 mil
    Return on assets (ROA): 1.46% ($0.8 mil)
    Quarterly return on assets: 1.33% ($0.7 mil)
    Return on Equity (ROE): 11.54% ($0.8 mil)
    Quarterly return on equity: 10.24% ($0.7 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.46% ($809.0 mil)
    Quarterly Pretax return on assets: 1.33% ($737.0 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
  • 11Total employees (full-time equivalent)
  • $55,410Total assets
  • $7,480Cash and due from depository institutions
  • $4,915Interest-bearing balances
  • $9,431Securities
  • $1,500Federal funds sold & reverse repurchase agreements
  • $33,165Net loans & leases
  • $550Loan loss allowance
  • $0Trading account assets
  • $566Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $55,410Life insurance assets
  • $3,268All other assets
  • $48,374Total liabilities and capital
  • $44,216Total liabilities
  • $34,313Total deposits
  • $44,216Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,627Trading liabilities
  • $0Other borrowed funds
  • $531Subordinated debt
  • $7,036All other liabilities
  • $7,036Total equity capital
  • $7,036Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $4,400Surplus
  • $2,536Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $115Income earned, not collected on loans
  • $0Earning assets
  • $320Long-term assets (5+ years)
  • $49,011Average Assets, year-to-date
  • $7,378Average Assets, quarterly
  • $52,808Volatile liabilities
  • $53,583Insider loans
  • $42,113FHLB advances
  • $52,979Loans and leases held for sale
  • $2,417Unused loan commitments
  • $2,045Tier 1 (core) risk-based capital
  • $6,891Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $372Total unused commitments
  • $5,138Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,220Total interest income
  • $490Total interest expense
  • $1,730Net interest income
  • $0Provision for loan and lease losses
  • $311Total noninterest income
  • $0Fiduciary activities
  • $121Service charges on deposit accounts
  • $0Trading account gains & fees
  • $190Additional noninterest income
  • $1,273Total noninterest expense
  • $819Salaries and employee benefits
  • $100Premises and equipment expense
  • $354Additional noninterest expense
  • $768Pre-tax net operating income
  • $2Securities gains (losses)
  • $0Applicable income taxes
  • $770Income before extraordinary items
  • $0Extraordinary gains - net
  • $770Net income attributable to bank
  • $0Net charge-offs
  • $770Cash dividends
  • -$39Sale, conversion, retirement of capital stock, net
  • $135Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.72%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 2.71%Noninterest expense to earning assets
  • 1.45%Net operating income to assets
  • 1.46%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 11.54%Return on equity (ROE)
  • 9.52%Retained earnings to average equity (YTD only)
  • -0.12%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 62,371Assets per employee
  • 5.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.53%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 478.26%Noncurrent assets plus other real estate owned to assets
  • 0.21%Noncurrent loans to loans
  • 0.34%Net loans and leases to deposits
  • 75.01%Net loans and leases to core deposits
  • 76.11%Equity capital to assets
  • 12.70%Core capital (leverage) ratio
  • 13.01%Tier 1 risk-based capital ratio
  • 16.36%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $52,808Average earning assets
  • $6,671Average equity
  • $47,025Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07016Janesville State Bank201 N Main Street, Janesville, MN 56048January 01, 1898Full Service Brick and Mortar

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