Prairie Sun Bank in Milan, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Prairie Sun Bank - Overview

  • General
  • FDIC Certificate #: 8207
    Status: Active
    Federal Reserve ID: 960551
    Bank Holding Company (Regulatory Top Holder): Milan Agency, Inc. (RSSDID: 1126644, Location: Milan, MN)
    Date Established: December 15, 1915
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 12948
    FDIC's unique #: 5231
    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: 240 North Second Street, Milan, MN 56262
    County: Chippewa
    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: $28.8 mil
    Equity capital: $2.6 mil
    Deposits held in domestic offices: $25.8 mil
    Return on assets (ROA): 1.38% ($0.4 mil)
    Quarterly return on assets: 1.42% ($0.4 mil)
    Return on Equity (ROE): 16.35% ($0.5 mil)
    Quarterly return on equity: 16.17% ($0.5 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.39% ($400.4 mil)
    Quarterly Pretax return on assets: 1.42% ($409.0 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
  • 10Total employees (full-time equivalent)
  • $28,805Total assets
  • $2,266Cash and due from depository institutions
  • $1,318Interest-bearing balances
  • $5,145Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $18,942Net loans & leases
  • $211Loan loss allowance
  • $0Trading account assets
  • $320Bank premises and fixed assets
  • $64Other real estate owned
  • $0Goodwill and other intangibles
  • $28,805Life insurance assets
  • $2,068All other assets
  • $26,165Total liabilities and capital
  • $25,822Total liabilities
  • $21,632Total deposits
  • $25,822Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $343Subordinated debt
  • $2,640All other liabilities
  • $2,640Total equity capital
  • $2,640Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $1,600Surplus
  • $890Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $326Income earned, not collected on loans
  • $0Earning assets
  • $418Long-term assets (5+ years)
  • $25,405Average Assets, year-to-date
  • $6,445Average Assets, quarterly
  • $28,371Volatile liabilities
  • $29,255Insider loans
  • $23,043FHLB advances
  • $29,928Loans and leases held for sale
  • $1,403Unused loan commitments
  • $1,403Tier 1 (core) risk-based capital
  • $2,423Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,750Restructured Loans and leases
  • $183Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,340Total interest income
  • $153Total interest expense
  • $1,187Net interest income
  • $42Provision for loan and lease losses
  • $151Total noninterest income
  • $0Fiduciary activities
  • $50Service charges on deposit accounts
  • $0Trading account gains & fees
  • $101Additional noninterest income
  • $989Total noninterest expense
  • $631Salaries and employee benefits
  • $137Premises and equipment expense
  • $221Additional noninterest expense
  • $307Pre-tax net operating income
  • $86Securities gains (losses)
  • $1Applicable income taxes
  • $392Income before extraordinary items
  • $0Extraordinary gains - net
  • $392Net income attributable to bank
  • $0Net charge-offs
  • $392Cash dividends
  • $20Sale, conversion, retirement of capital stock, net
  • $405Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.37%Yield on earning assets
  • 0.61%Cost of funding earning assets
  • 4.76%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 3.96%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 1.39%Pretax return on assets
  • 16.35%Return on equity (ROE)
  • -0.54%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 210.00%Credit loss provision to net charge-offs
  • 17.45%Efficiency ratio
  • 73,916Assets per employee
  • 2.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 103.32%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 64.72%Noncurrent assets plus other real estate owned to assets
  • 1.35%Noncurrent loans to loans
  • 1.70%Net loans and leases to deposits
  • 73.36%Net loans and leases to core deposits
  • 74.36%Equity capital to assets
  • 9.17%Core capital (leverage) ratio
  • 8.10%Tier 1 risk-based capital ratio
  • 10.52%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $28,371Average earning assets
  • $2,398Average equity
  • $24,952Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05231Prairie Sun Bank240 North Second Street, Milan, MN 56262December 15, 1915Full Service Brick and Mortar
    19736Detached Facility250 North Miles Street, Appleton, MN 56208September 11, 1880Full Service Brick and Mortar

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