FDIC Certificate #: 14574 Status: Active Federal Reserve ID: 876157 Bank Holding Company (Regulatory Top Holder): Odin Bancshares, Inc. (RSSDID: 3072594, Location: Odin, MN) Date Established: June 09, 1904 WWW:http://www.odinstatebank.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 #: 9108 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: March 28, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: June 16, 2010 Last Data Update: June 16, 2010 Data Source Date: April 05, 2012
Location
Address: 101 East Main Street, Odin, MN 56160 County: Watonwan 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
Change in Location
Financial Summary
Total assets: $36.7 mil Equity capital: $4.5 mil Deposits held in domestic offices: $32.1 mil Return on assets (ROA): 0.79% ($0.3 mil) Quarterly return on assets: 0.25% ($0.1 mil) Return on Equity (ROE): 6.34% ($0.3 mil) Quarterly return on equity: 2.04% ($0.1 mil) Net income: $0.3 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.79% ($289.8 mil) Quarterly Pretax return on assets: 0.25% ($91.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$36,683Total assets
$2,387Cash and due from depository institutions
$1,021Interest-bearing balances
$11,049Securities
$0Federal funds sold & reverse repurchase agreements
$22,272Net loans & leases
$400Loan loss allowance
$0Trading account assets
$184Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$36,682Life insurance assets
$791All other assets
$32,150Total liabilities and capital
$32,068Total liabilities
$27,032Total deposits
$32,068Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$82Subordinated debt
$4,532All other liabilities
$4,532Total equity capital
$4,532Total bank equity capital
$0Perpetual preferred stock
$25Common stock
$2,850Surplus
$1,657Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$283Income earned, not collected on loans
$0Earning assets
$500Long-term assets (5+ years)
$34,342Average Assets, year-to-date
$10,382Average Assets, quarterly
$35,758Volatile liabilities
$36,446Insider loans
$23,746FHLB advances
$37,424Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,246Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$6,920Restructured Loans and leases
$59Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,758Total interest income
$460Total interest expense
$1,298Net interest income
$245Provision for loan and lease losses
$149Total noninterest income
$0Fiduciary activities
$127Service charges on deposit accounts
$0Trading account gains & fees
$22Additional noninterest income
$918Total noninterest expense
$601Salaries and employee benefits
$108Premises and equipment expense
$209Additional noninterest expense
$284Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$284Income before extraordinary items
$0Extraordinary gains - net
$284Net income attributable to bank
$0Net charge-offs
$284Cash dividends
$286Sale, conversion, retirement of capital stock, net
$253Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.33%Yield on earning assets
1.39%Cost of funding earning assets
3.94%Net interest margin
0.45%Noninterest income to earning assets
2.78%Noninterest expense to earning assets
0.79%Net operating income to assets
0.79%Return on assets (ROA)
0.79%Pretax return on assets
6.34%Return on equity (ROE)
0.69%Retained earnings to average equity (YTD only)
1.26%Net charge-offs to loans
85.66%Credit loss provision to net charge-offs
1.85%Efficiency ratio
63,442Assets per employee
4.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
89.08%Loss allowance to loans
1.76%Loss allowance to noncurrent loans
141.34%Noncurrent assets plus other real estate owned to assets
0.77%Noncurrent loans to loans
1.25%Net loans and leases to deposits
69.45%Net loans and leases to core deposits
76.83%Equity capital to assets
12.35%Core capital (leverage) ratio
11.35%Tier 1 risk-based capital ratio
17.88%Total risk-based capital ratio
Memoranda
$19Average assets
$35,758Average earning assets
$4,476Average equity
$32,985Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
9108
Odin State Bank
101 East Main Street, Odin, MN 56160
June 09, 1904
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Odin State Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: