FDIC Certificate #: 17733 Status: Active Federal Reserve ID: 942258 Bank Holding Company (Regulatory Top Holder): Fergus Falls Bancshares, Inc. (RSSDID: 1125414, Location: Fergus Falls, MN) Date Established: April 01, 1957 WWW:http://www.ssbfergus.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 10312 FDIC's unique #: 11690 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: April 01, 1957 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: 128 Washington Avenue, East, Fergus Falls, MN 56537 County: Otter Tail 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 Core Based Statistical Area (CBSA): Fergus Falls, MN (#22260) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $144.5 mil Equity capital: $12.3 mil Deposits held in domestic offices: $115.8 mil Return on assets (ROA): 0.82% ($1.2 mil) Quarterly return on assets: 0.98% ($1.4 mil) Return on Equity (ROE): 9.96% ($1.2 mil) Quarterly return on equity: 11.46% ($1.4 mil) Net income: $1.2 mil Quarterly Net income: $0.4 mil Pretax return on assets: 0.82% ($1,184.8 mil) Quarterly Pretax return on assets: 0.98% ($1,416.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
25Total employees (full-time equivalent)
$144,492Total assets
$15,651Cash and due from depository institutions
$12,259Interest-bearing balances
$29,766Securities
$0Federal funds sold & reverse repurchase agreements
$95,199Net loans & leases
$1,003Loan loss allowance
$0Trading account assets
$929Bank premises and fixed assets
$545Other real estate owned
$0Goodwill and other intangibles
$144,492Life insurance assets
$2,402All other assets
$132,170Total liabilities and capital
$115,778Total liabilities
$97,547Total deposits
$115,778Interest-bearing deposits
$88Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$16,128Trading liabilities
$0Other borrowed funds
$264Subordinated debt
$12,322All other liabilities
$12,322Total equity capital
$12,322Total bank equity capital
$0Perpetual preferred stock
$216Common stock
$8,284Surplus
$3,822Undivided profits
Memoranda
$0Noncurrent loans and leases
$899Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,351Income earned, not collected on loans
$0Earning assets
$1,079Long-term assets (5+ years)
$137,224Average Assets, year-to-date
$43,862Average Assets, quarterly
$142,633Volatile liabilities
$143,967Insider loans
$107,541FHLB advances
$142,717Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$12,562Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$34,161Restructured Loans and leases
$163Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$5,885Total interest income
$1,581Total interest expense
$4,304Net interest income
$932Provision for loan and lease losses
$298Total noninterest income
$0Fiduciary activities
$114Service charges on deposit accounts
$0Trading account gains & fees
$184Additional noninterest income
$2,494Total noninterest expense
$1,592Salaries and employee benefits
$193Premises and equipment expense
$709Additional noninterest expense
$1,176Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
$1,174Income before extraordinary items
$0Extraordinary gains - net
$1,174Net income attributable to bank
$0Net charge-offs
$1,174Cash dividends
$420Sale, conversion, retirement of capital stock, net
$260Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.31%Yield on earning assets
1.16%Cost of funding earning assets
3.15%Net interest margin
0.22%Noninterest income to earning assets
1.83%Noninterest expense to earning assets
0.82%Net operating income to assets
0.82%Return on assets (ROA)
0.82%Pretax return on assets
9.96%Return on equity (ROE)
7.76%Retained earnings to average equity (YTD only)
0.45%Net charge-offs to loans
221.90%Credit loss provision to net charge-offs
5.02%Efficiency ratio
54,194Assets per employee
5.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
22.15%Loss allowance to loans
1.04%Loss allowance to noncurrent loans
74.24%Noncurrent assets plus other real estate owned to assets
1.31%Noncurrent loans to loans
1.40%Net loans and leases to deposits
82.23%Net loans and leases to core deposits
100.76%Equity capital to assets
8.53%Core capital (leverage) ratio
8.80%Tier 1 risk-based capital ratio
11.68%Total risk-based capital ratio
Memoranda
$13Average assets
$142,633Average earning assets
$11,782Average equity
$136,590Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
11690
Security State Bank Of Fergus Falls
128 Washington Avenue, East, Fergus Falls, MN 56537
April 01, 1957
Full Service Brick and Mortar
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