Minnesota First Credit and Savings, Incorporated in Rochester, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Minnesota First Credit and Savings, Incorporated in Rochester, Minnesota (MN)
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Minnesota First Credit and Savings, Incorporated - Overview

  • General
  • FDIC Certificate #: 26755
    Status: Active
    Federal Reserve ID: 821559
    Date Established: January 01, 1956
    WWW: http://www.minnesota-first.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 13707
    FDIC's unique #: 35871
    Numeric code: 23
    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: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: August 07, 1986
    Last Structure Change Effective Date: December 14, 2009
    Last Structure Change Process Date: December 23, 2009
    Last Data Update: December 23, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1932 Viking Drive Northwest, Rochester, MN 55901
    County: Olmsted
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Rochester, MN (#6820)
    Core Based Statistical Area (CBSA): Rochester, MN (#40340)
    CBSA Metro Statistical Area: Rochester, MN (#40340)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $29.6 mil
    Equity capital: $3.5 mil
    Deposits held in domestic offices: $24.5 mil
    Return on assets (ROA): 0.63% ($0.2 mil)
    Quarterly return on assets: 0.47% ($0.1 mil)
    Return on Equity (ROE): 5.34% ($0.2 mil)
    Quarterly return on equity: 3.91% ($0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 1.04% ($307.6 mil)
    Quarterly Pretax return on assets: 0.85% ($251.4 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
  • 14Total employees (full-time equivalent)
  • $29,578Total assets
  • $1,687Cash and due from depository institutions
  • $248Interest-bearing balances
  • $0Securities
  • $100Federal funds sold & reverse repurchase agreements
  • $26,393Net loans & leases
  • $352Loan loss allowance
  • $0Trading account assets
  • $882Bank premises and fixed assets
  • $110Other real estate owned
  • $0Goodwill and other intangibles
  • $29,578Life insurance assets
  • $406All other assets
  • $26,081Total liabilities and capital
  • $24,500Total liabilities
  • $24,500Total deposits
  • $24,500Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,351Trading liabilities
  • $0Other borrowed funds
  • $230Subordinated debt
  • $3,497All other liabilities
  • $3,497Total equity capital
  • $3,497Total bank equity capital
  • $0Perpetual preferred stock
  • $208Common stock
  • $1,553Surplus
  • $1,736Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $334Income earned, not collected on loans
  • $0Earning assets
  • $118Long-term assets (5+ years)
  • $26,741Average Assets, year-to-date
  • $1,194Average Assets, quarterly
  • $28,927Volatile liabilities
  • $29,236Insider loans
  • $20,765FHLB advances
  • $29,251Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,497Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,411Total interest income
  • $523Total interest expense
  • $1,888Net interest income
  • $152Provision for loan and lease losses
  • $88Total noninterest income
  • $0Fiduciary activities
  • $3Service charges on deposit accounts
  • $0Trading account gains & fees
  • $85Additional noninterest income
  • $1,522Total noninterest expense
  • $894Salaries and employee benefits
  • $206Premises and equipment expense
  • $422Additional noninterest expense
  • $302Pre-tax net operating income
  • $0Securities gains (losses)
  • $120Applicable income taxes
  • $182Income before extraordinary items
  • $0Extraordinary gains - net
  • $182Net income attributable to bank
  • $0Net charge-offs
  • $182Cash dividends
  • $140Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.88%Yield on earning assets
  • 1.93%Cost of funding earning assets
  • 6.96%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 5.61%Noninterest expense to earning assets
  • 0.63%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 5.34%Return on equity (ROE)
  • 5.34%Retained earnings to average equity (YTD only)
  • 0.52%Net charge-offs to loans
  • 108.57%Credit loss provision to net charge-offs
  • 3.24%Efficiency ratio
  • 77,024Assets per employee
  • 2.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 105.39%Noncurrent assets plus other real estate owned to assets
  • 1.50%Noncurrent loans to loans
  • 1.25%Net loans and leases to deposits
  • 107.73%Net loans and leases to core deposits
  • 113.95%Equity capital to assets
  • 11.82%Core capital (leverage) ratio
  • 11.96%Tier 1 risk-based capital ratio
  • 16.84%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $28,927Average earning assets
  • $3,410Average equity
  • $27,143Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035871Minnesota First Credit And Savings, Incorporated1932 Viking Drive Northwest, Rochester, MN 55901January 01, 1956Full Service Brick and Mortar
    3260116Owatonna Branch111 North Cedar, Owatonna, MN 55060January 01, 1956Full Service Brick and Mortar
    5260118Winona Branch1858 North Service Drive, Winona, MN 55987January 01, 1956Full Service Brick and Mortar
    6491104Red Wing144 Tyler Road North, Red Wing, MN 55066June 01, 2009Full Service Brick and Mortar

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