Root River State Bank in Chatfield, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Root River State Bank - Overview

  • General
  • FDIC Certificate #: 1098
    Status: Active
    Federal Reserve ID: 309851
    Bank Holding Company (Regulatory Top Holder): Johnson Bancshares, Inc. (RSSDID: 1126484, Location: Chatfield, MN)
    Date Established: November 25, 1856
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 743
    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: 18 3rd Street, S. E., Chatfield, MN 55923
    County: Fillmore
    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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $60.9 mil
    Equity capital: $7.4 mil
    Deposits held in domestic offices: $53.2 mil
    Return on assets (ROA): 0.34% ($0.2 mil)
    Quarterly return on assets: 0.28% ($0.2 mil)
    Return on Equity (ROE): 2.76% ($0.2 mil)
    Quarterly return on equity: 2.26% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.51% ($310.3 mil)
    Quarterly Pretax return on assets: 0.42% ($255.6 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
  • 13Total employees (full-time equivalent)
  • $60,851Total assets
  • $8,936Cash and due from depository institutions
  • $2,290Interest-bearing balances
  • $13,078Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $36,536Net loans & leases
  • $328Loan loss allowance
  • $0Trading account assets
  • $564Bank premises and fixed assets
  • $120Other real estate owned
  • $0Goodwill and other intangibles
  • $60,851Life insurance assets
  • $1,617All other assets
  • $53,415Total liabilities and capital
  • $53,171Total liabilities
  • $49,764Total deposits
  • $53,171Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $244Subordinated debt
  • $7,436All other liabilities
  • $7,436Total equity capital
  • $7,436Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $2,400Surplus
  • $4,936Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $346Long-term assets (5+ years)
  • $51,904Average Assets, year-to-date
  • $13,930Average Assets, quarterly
  • $59,918Volatile liabilities
  • $60,524Insider loans
  • $37,942FHLB advances
  • $60,477Loans and leases held for sale
  • $589Unused loan commitments
  • $589Tier 1 (core) risk-based capital
  • $7,156Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,254Restructured Loans and leases
  • $147Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,687Total interest income
  • $432Total interest expense
  • $2,255Net interest income
  • $154Provision for loan and lease losses
  • $126Total noninterest income
  • $0Fiduciary activities
  • $68Service charges on deposit accounts
  • $0Trading account gains & fees
  • $58Additional noninterest income
  • $1,919Total noninterest expense
  • $1,247Salaries and employee benefits
  • $215Premises and equipment expense
  • $457Additional noninterest expense
  • $308Pre-tax net operating income
  • $0Securities gains (losses)
  • $107Applicable income taxes
  • $201Income before extraordinary items
  • $0Extraordinary gains - net
  • $201Net income attributable to bank
  • $0Net charge-offs
  • $201Cash dividends
  • $170Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.30%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 4.45%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 3.79%Noninterest expense to earning assets
  • 0.34%Net operating income to assets
  • 0.34%Return on assets (ROA)
  • 0.51%Pretax return on assets
  • 2.76%Return on equity (ROE)
  • 2.76%Retained earnings to average equity (YTD only)
  • 0.45%Net charge-offs to loans
  • 90.59%Credit loss provision to net charge-offs
  • 2.72%Efficiency ratio
  • 80,596Assets per employee
  • 4.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.89%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 68.71%Net loans and leases to core deposits
  • 69.60%Equity capital to assets
  • 12.22%Core capital (leverage) ratio
  • 11.83%Tier 1 risk-based capital ratio
  • 18.86%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $59,918Average earning assets
  • $7,291Average equity
  • $50,694Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0743Root River State Bank18 3rd Street, S. E., Chatfield, MN 55923November 25, 1856Full Service Brick and Mortar

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