Profinium Financial, Inc. in Truman, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Profinium Financial, Inc. - Overview

  • General
  • FDIC Certificate #: 1905
    Status: Active
    Federal Reserve ID: 865450
    Bank Holding Company (Regulatory Top Holder): Profinium Financial Holdings, Inc. (RSSDID: 1128527, Location: Fairmont, MN)
    Date Established: May 12, 1916
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 1270
    Numeric code: 13
    Regulator: FED
    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
  • Location
  • Address: 414 North Fifth Avenue East, Truman, MN 56088
    County: Martin
    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
    Core Based Statistical Area (CBSA): Fairmont, MN (#21860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $312.9 mil
    Equity capital: $30.7 mil
    Deposits held in domestic offices: $263.5 mil
    Return on assets (ROA): 0.46% ($1.4 mil)
    Quarterly return on assets: 0.60% ($1.9 mil)
    Return on Equity (ROE): 4.74% ($1.5 mil)
    Quarterly return on equity: 5.99% ($1.9 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.71% ($2,221.3 mil)
    Quarterly Pretax return on assets: 0.94% ($2,940.9 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
  • 69Total employees (full-time equivalent)
  • $312,857Total assets
  • $25,450Cash and due from depository institutions
  • $20,192Interest-bearing balances
  • $71,755Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $196,286Net loans & leases
  • $3,919Loan loss allowance
  • $0Trading account assets
  • $5,283Bank premises and fixed assets
  • $4,369Other real estate owned
  • $3,816Goodwill and other intangibles
  • $312,857Life insurance assets
  • $5,898All other assets
  • $282,171Total liabilities and capital
  • $263,542Total liabilities
  • $222,779Total deposits
  • $263,542Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 5705.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,000Trading liabilities
  • $0Other borrowed funds
  • $924Subordinated debt
  • $30,686All other liabilities
  • $30,686Total equity capital
  • $30,686Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $17,673Surplus
  • $12,913Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,306Income earned, not collected on loans
  • $0Earning assets
  • $1,713Long-term assets (5+ years)
  • $288,233Average Assets, year-to-date
  • $67,600Average Assets, quarterly
  • $305,300Volatile liabilities
  • $307,472Insider loans
  • $221,529FHLB advances
  • $308,812Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $26,263Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $34,563Restructured Loans and leases
  • $2,355Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,272Total interest income
  • $2,872Total interest expense
  • $10,400Net interest income
  • $400Provision for loan and lease losses
  • $1,457Total noninterest income
  • $98Fiduciary activities
  • $460Service charges on deposit accounts
  • $0Trading account gains & fees
  • $899Additional noninterest income
  • $9,282Total noninterest expense
  • $5,015Salaries and employee benefits
  • $725Premises and equipment expense
  • $3,542Additional noninterest expense
  • $2,175Pre-tax net operating income
  • $0Securities gains (losses)
  • $764Applicable income taxes
  • $1,411Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,411Net income attributable to bank
  • $0Net charge-offs
  • $1,411Cash dividends
  • $1,692Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 4.74%Return on equity (ROE)
  • 4.74%Retained earnings to average equity (YTD only)
  • 0.84%Net charge-offs to loans
  • 23.64%Credit loss provision to net charge-offs
  • 1.52%Efficiency ratio
  • 78,283Assets per employee
  • 4.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.96%Loss allowance to noncurrent loans
  • 91.01%Noncurrent assets plus other real estate owned to assets
  • 2.77%Noncurrent loans to loans
  • 2.15%Net loans and leases to deposits
  • 74.48%Net loans and leases to core deposits
  • 81.59%Equity capital to assets
  • 9.81%Core capital (leverage) ratio
  • 8.50%Tier 1 risk-based capital ratio
  • 11.86%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $305,300Average earning assets
  • $29,748Average equity
  • $279,939Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $25,486Managed Assets
  • 1Number of Accounts
  • $13,957Personal trust and agency accounts
  • $13,389Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $568Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 42Number of Accounts
  • $0Personal trust and agency accounts
  • $568Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $11,529Other retirement accounts
  • $7,989Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $812Fiduciary accounts held in foreign offices

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01270Profinium Financial, Inc.414 North Fifth Avenue East, Truman, MN 56088May 12, 1916Full Service Brick and Mortar
    13445Fairmont Branch105 Lake Avenue, Fairmont, MN 56031January 01, 1875Full Service Brick and Mortar
    2453110Profinium Financial, Owatonna Branch1080 West Frontage Road, Owatonna, MN 55060March 27, 2006Full Service Brick and Mortar

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