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

Lowry State Bank - Overview

  • General
  • FDIC Certificate #: 10202
    Status: Active
    Federal Reserve ID: 457
    Bank Holding Company (Regulatory Top Holder): Financial Services Of Lowry, Inc. (RSSDID: 1127016, Location: Lowry, MN)
    Date Established: October 04, 1899
    WWW: http://www.lowrystate.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)
    FDIC's unique #: 6541
    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: 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: 400 Florence Avenue, Lowry, MN 56349
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $37.6 mil
    Equity capital: $3.5 mil
    Deposits held in domestic offices: $31.6 mil
    Return on assets (ROA): 2.59% ($1.0 mil)
    Quarterly return on assets: 2.60% ($1.0 mil)
    Return on Equity (ROE): 27.62% ($0.8 mil)
    Quarterly return on equity: 27.64% ($0.8 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 2.59% ($974.3 mil)
    Quarterly Pretax return on assets: 2.60% ($978.0 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
  • 9Total employees (full-time equivalent)
  • $37,616Total assets
  • $1,736Cash and due from depository institutions
  • $1,524Interest-bearing balances
  • $172Securities
  • $2,375Federal funds sold & reverse repurchase agreements
  • $31,904Net loans & leases
  • $378Loan loss allowance
  • $0Trading account assets
  • $100Bank premises and fixed assets
  • $195Other real estate owned
  • $0Goodwill and other intangibles
  • $37,616Life insurance assets
  • $1,134All other assets
  • $34,166Total liabilities and capital
  • $31,606Total liabilities
  • $27,645Total deposits
  • $31,606Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,500Trading liabilities
  • $0Other borrowed funds
  • $60Subordinated debt
  • $3,450All other liabilities
  • $3,450Total equity capital
  • $3,450Total bank equity capital
  • $0Perpetual preferred stock
  • $60Common stock
  • $2,740Surplus
  • $650Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $858Income earned, not collected on loans
  • $0Earning assets
  • $258Long-term assets (5+ years)
  • $35,975Average Assets, year-to-date
  • $826Average Assets, quarterly
  • $36,870Volatile liabilities
  • $37,596Insider loans
  • $32,191FHLB advances
  • $37,931Loans and leases held for sale
  • $549Unused loan commitments
  • $549Tier 1 (core) risk-based capital
  • $3,450Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,972Restructured Loans and leases
  • $1,073Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,235Total interest income
  • $407Total interest expense
  • $1,828Net interest income
  • $30Provision for loan and lease losses
  • $147Total noninterest income
  • $0Fiduciary activities
  • $115Service charges on deposit accounts
  • $0Trading account gains & fees
  • $32Additional noninterest income
  • $989Total noninterest expense
  • $603Salaries and employee benefits
  • $81Premises and equipment expense
  • $305Additional noninterest expense
  • $956Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $956Income before extraordinary items
  • $0Extraordinary gains - net
  • $956Net income attributable to bank
  • $0Net charge-offs
  • $956Cash dividends
  • $63Sale, conversion, retirement of capital stock, net
  • $918Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.49%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 5.31%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 2.87%Noninterest expense to earning assets
  • 2.59%Net operating income to assets
  • 2.59%Return on assets (ROA)
  • 2.59%Pretax return on assets
  • 27.62%Return on equity (ROE)
  • 1.10%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 47.62%Credit loss provision to net charge-offs
  • 15.65%Efficiency ratio
  • 50,076Assets per employee
  • 4.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 96.03%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 44.06%Noncurrent assets plus other real estate owned to assets
  • 2.80%Noncurrent loans to loans
  • 2.66%Net loans and leases to deposits
  • 100.94%Net loans and leases to core deposits
  • 100.94%Equity capital to assets
  • 9.17%Core capital (leverage) ratio
  • 9.10%Tier 1 risk-based capital ratio
  • 10.72%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $36,870Average earning assets
  • $3,461Average equity
  • $34,456Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06541Lowry State Bank400 Florence Avenue, Lowry, MN 56349October 04, 1899Full Service Brick and Mortar

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