Pine Country Bank in Little Falls, Minnesota (MN)

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Pine Country Bank
GeneralFDIC Certificate #: 13652
Status: Active
Federal Reserve ID: 761459
Bank Holding Company (Regulatory Top Holder): Tysan Corporation, The (RSSDID: 1125085, Location: Minneapolis, MN)
Date Established: May 11, 1927
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 #: 14180
FDIC's unique #: 8530
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: No
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: 1201 1st Avenue Ne, Little Falls, MN 56345
County: Morrison
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $150.9 mil
Equity capital: $10.9 mil
Deposits held in domestic offices: $138.7 mil
Return on assets (ROA): 0.75% ($1.1 mil)
Quarterly return on assets: 0.80% ($1.2 mil)
Return on Equity (ROE): 10.91% ($1.2 mil)
Quarterly return on equity: 11.27% ($1.2 mil)
Net income: $1.1 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.13% ($1,704.9 mil)
Quarterly Pretax return on assets: 1.27% ($1,916.1 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)35
Total assets$150,874
Cash and due from depository institutions$4,685
Interest-bearing balances$3,279
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$86,912
Loan loss allowance $1,160
Trading account assets$0
Bank premises and fixed assets$3,829
Other real estate owned$986
Goodwill and other intangibles$390
All other assets$2,170
Life insurance assets$150,874
Total liabilities and capital$139,988
Total liabilities$138,714
Total deposits$121,242
Interest-bearing deposits$138,714
Deposits held in domestic offices$87
% insured (estimated)800.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $474
All other liabilities $10,886
Total equity capital$10,886
Total bank equity capital$10,886
Perpetual preferred stock$0
Common stock$100
Undivided profits $3,605
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 $3,771
Earning assets $1,506
Long-term assets (5+ years) $1,096
Average Assets, year-to-date $142,093
Average Assets, quarterly $61,683
Volatile liabilities $147,313
Insider loans $152,485
FHLB advances $103,058
Loans and leases held for sale $152,718
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $10,744
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,852
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,232
Total interest expense $1,439
Net interest income $5,793
Provision for loan and lease losses $204
Total noninterest income $470
Fiduciary activities $0
Service charges on deposit accounts $297
Trading account gains & fees $0
Additional noninterest income $173
Total noninterest expense $4,245
Salaries and employee benefits $2,384
Premises and equipment expense $912
Additional noninterest expense $949
Pre-tax net operating income $1,814
Securities gains (losses) -$143
Applicable income taxes $571
Income before extraordinary items $1,100
Extraordinary gains - net $0
Net income attributable to bank $1,100
Net charge-offs $0
Cash dividends $1,100
Sale, conversion, retirement of capital stock, net $124
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.23%
Cost of funding earning assets 1.04%
Net interest margin 4.19%
Noninterest income to earning assets 0.34%
Noninterest expense to earning assets 3.07%
Net operating income to assets 0.81%
Return on assets (ROA) 0.75%
Pretax return on assets 1.13%
Return on equity (ROE) 10.91%
Retained earnings to average equity (YTD only) 10.91%
Net charge-offs to loans 0.14%
Credit loss provision to net charge-offs 164.52%
Efficiency ratio16.27%
Assets per employee$67,779
Cash dividends to net income (YTD only)4.31%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.32%
Noncurrent assets plus other real estate owned to assets 30.76%
Noncurrent loans to loans 3.15%
Net loans and leases to deposits4.28%
Net loans and leases to core deposits 62.66%
Equity capital to assets 65.61%
Core capital (leverage) ratio 7.22%
Tier 1 risk-based capital ratio 7.04%
Total risk-based capital ratio 10.43%
Average assets$12
Average earning assets$147,313
Average equity $10,082
Average loans $138,221
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4 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08530Pine Country Bank1201 1st Avenue Ne, Little Falls, MN 56345May 11, 1927Full Service Brick and Mortar
1229752Detached FacilityMain Street, Bowlus, MN 56314November 01, 1983Limited Service Facility
2229753Royalton Branch412 North Highway 10, Royalton, MN 56373August 23, 1999Full Service Brick and Mortar
3474191Rice Office Branch750 125th Street, Rice, MN 56367April 14, 2008Full Service Brick and Mortar
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