Rushford State Bank (Incorporated) in city_name, state_name

Rushford State Bank (Incorporated) in Rushford, Minnesota (MN)
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Rushford State Bank (Incorporated) routing number info

Rushford State Bank (Incorporated) - Overview

General
FDIC Certificate #: 11411
Status: Active
Federal Reserve ID: 884657
Bank Holding Company (Regulatory Top Holder): Rushford State Bancorp, Inc. (RSSDID: 1132195, Location: Rushford, MN)
Date Established: March 07, 1867
WWW: http://www.rushfordstatebank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 7285
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: January 04, 2007
Last Structure Change Process Date: January 10, 2007
Last Data Update: January 10, 2007
Data Source Date: April 05, 2012
Location
Address: 219 S. Mill Street, Rushford, MN 55971
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
Change in Location
Financial Summary
Total assets: $46.9 mil
Equity capital: $3.8 mil
Deposits held in domestic offices: $41.2 mil
Return on assets (ROA): 0.94% ($0.4 mil)
Quarterly return on assets: 0.84% ($0.4 mil)
Return on Equity (ROE): 12.01% ($0.5 mil)
Quarterly return on equity: 10.64% ($0.4 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.94% ($441.3 mil)
Quarterly Pretax return on assets: 0.84% ($394.3 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
14Total employees (full-time equivalent)
$46,945Total assets
$3,267Cash and due from depository institutions
$2,080Interest-bearing balances
$7,322Securities
$1,064Federal funds sold & reverse repurchase agreements
$33,127Net loans & leases
$349Loan loss allowance
$0Trading account assets
$661Bank premises and fixed assets
$58Other real estate owned
$0Goodwill and other intangibles
$46,945Life insurance assets
$1,446All other assets
$43,145Total liabilities and capital
$41,199Total liabilities
$34,332Total deposits
$41,199Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,800Trading liabilities
$0Other borrowed funds
$146Subordinated debt
$3,800All other liabilities
$3,800Total equity capital
$3,800Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$2,700Surplus
$1,000Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$405Income earned, not collected on loans
$0Earning assets
$363Long-term assets (5+ years)
$43,593Average Assets, year-to-date
$10,008Average Assets, quarterly
$46,617Volatile liabilities
$47,501Insider loans
$33,466FHLB advances
$48,443Loans and leases held for sale
$706Unused loan commitments
$706Tier 1 (core) risk-based capital
$3,663Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,642Restructured Loans and leases
$51Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$2,564Total interest income
$475Total interest expense
$2,089Net interest income
$90Provision for loan and lease losses
$177Total noninterest income
$0Fiduciary activities
$98Service charges on deposit accounts
$0Trading account gains & fees
$79Additional noninterest income
$1,737Total noninterest expense
$907Salaries and employee benefits
$186Premises and equipment expense
$644Additional noninterest expense
$439Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$439Income before extraordinary items
$0Extraordinary gains - net
$439Net income attributable to bank
$0Net charge-offs
$439Cash dividends
$194Sale, conversion, retirement of capital stock, net
$239Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.91%Yield on earning assets
1.10%Cost of funding earning assets
4.82%Net interest margin
0.41%Noninterest income to earning assets
4.01%Noninterest expense to earning assets
0.94%Net operating income to assets
0.94%Return on assets (ROA)
0.94%Pretax return on assets
12.01%Return on equity (ROE)
5.47%Retained earnings to average equity (YTD only)
0.56%Net charge-offs to loans
46.39%Credit loss provision to net charge-offs
2.73%Efficiency ratio
76,655Assets per employee
3.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.44%Loss allowance to loans
1.04%Loss allowance to noncurrent loans
86.17%Noncurrent assets plus other real estate owned to assets
0.99%Noncurrent loans to loans
1.21%Net loans and leases to deposits
80.41%Net loans and leases to core deposits
82.39%Equity capital to assets
8.09%Core capital (leverage) ratio
7.56%Tier 1 risk-based capital ratio
10.95%Total risk-based capital ratio
Memoranda
$12Average assets
$46,617Average earning assets
$3,657Average equity
$43,352Average loans

List of branches

2 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	7285	Rushford State Bank (Incorporated)	219 S. Mill Street, Rushford, MN 55971	March 07, 1867	Full Service Brick and Mortar
2	486614	Rushford State Bank Houston Office	119 East Cedar Street, Houston, MN 55943	January 05, 2009	Full Service Retail

Rushford State Bank (Incorporated) in Rushford, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Rushford State Bank (Incorporated) - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Rushford State Bank (Incorporated) in Rushford, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

Rushford State Bank (Incorporated) - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Rushford State Bank (Incorporated) in Rushford, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches