Lowry State Bank in Lowry, Minnesota (MN)



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Lowry State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)9
Total assets$37,616
Cash and due from depository institutions$1,736
Interest-bearing balances$1,524
Securities$172
Federal funds sold & reverse repurchase agreements$2,375
Net loans & leases$31,904
Loan loss allowance $378
Trading account assets$0
Bank premises and fixed assets$100
Other real estate owned$195
Goodwill and other intangibles$0
All other assets$1,134
Life insurance assets$37,616
Total liabilities and capital$34,166
Total liabilities$31,606
Total deposits$27,645
Interest-bearing deposits$31,606
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,500
Other borrowed funds $0
Subordinated debt $60
All other liabilities $3,450
Total equity capital$3,450
Total bank equity capital$3,450
Perpetual preferred stock$0
Common stock$60
Surplus$2,740
Undivided profits $650
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 $858
Earning assets $0
Long-term assets (5+ years) $258
Average Assets, year-to-date $35,975
Average Assets, quarterly $826
Volatile liabilities $36,870
Insider loans $37,596
FHLB advances $32,191
Loans and leases held for sale $37,931
Unused loan commitments $549
Tier 1 (core) risk-based capital $549
Tier 2 risk-based capital $3,450
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,972
Derivatives$1,073
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,235
Total interest expense $407
Net interest income $1,828
Provision for loan and lease losses $30
Total noninterest income $147
Fiduciary activities $0
Service charges on deposit accounts $115
Trading account gains & fees $0
Additional noninterest income $32
Total noninterest expense $989
Salaries and employee benefits $603
Premises and equipment expense $81
Additional noninterest expense $305
Pre-tax net operating income $956
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $956
Extraordinary gains - net $0
Net income attributable to bank $956
Net charge-offs $0
Cash dividends $956
Sale, conversion, retirement of capital stock, net $63
Net operating income $918
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.49%
Cost of funding earning assets 1.18%
Net interest margin 5.31%
Noninterest income to earning assets 0.43%
Noninterest expense to earning assets 2.87%
Net operating income to assets 2.59%
Return on assets (ROA) 2.59%
Pretax return on assets 2.59%
Return on equity (ROE) 27.62%
Retained earnings to average equity (YTD only) 1.10%
Net charge-offs to loans 0.20%
Credit loss provision to net charge-offs 47.62%
Efficiency ratio15.65%
Assets per employee$50,076
Cash dividends to net income (YTD only)4.18%
Condition Ratios (%)
Loss allowance to loans 96.03%
Loss allowance to noncurrent loans 1.17%
Noncurrent assets plus other real estate owned to assets 44.06%
Noncurrent loans to loans 2.80%
Net loans and leases to deposits2.66%
Net loans and leases to core deposits 100.94%
Equity capital to assets 100.94%
Core capital (leverage) ratio 9.17%
Tier 1 risk-based capital ratio 9.10%
Total risk-based capital ratio 10.72%
Memoranda
Average assets$12
Average earning assets$36,870
Average equity $3,461
Average loans $34,456
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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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