St. Clair State Bank (Incorporated) in Saint Clair, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • St. Clair State Bank (Incorporated) in Saint Clair, Minnesota (MN)
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St. Clair State Bank (Incorporated) - Overview

  • General
  • FDIC Certificate #: 1903
    Status: Active
    Federal Reserve ID: 854753
    Bank Holding Company (Regulatory Top Holder): Saint Clair Agency, Inc. (RSSDID: 1128723, Location: Saint Clair, MN)
    Date Established: July 17, 1907
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 1268
    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: 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: 100 Main St. West, Saint Clair, MN 56080
    County: Blue Earth
    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): Mankato-North Mankato, MN (#31860)
    CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860)
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $73.0 mil
    Equity capital: $8.7 mil
    Deposits held in domestic offices: $62.2 mil
    Return on assets (ROA): 0.89% ($0.6 mil)
    Quarterly return on assets: -1.20% (-$0.9 mil)
    Return on Equity (ROE): 7.29% ($0.7 mil)
    Quarterly return on equity: -9.74% (-$0.9 mil)
    Net income: $0.6 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: 1.44% ($1,050.7 mil)
    Quarterly Pretax return on assets: -0.52% (-$379.4 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)
  • $72,967Total assets
  • $22,186Cash and due from depository institutions
  • $21,157Interest-bearing balances
  • $275Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $49,855Net loans & leases
  • $743Loan loss allowance
  • $0Trading account assets
  • $10Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $72,967Life insurance assets
  • $641All other assets
  • $64,242Total liabilities and capital
  • $62,231Total liabilities
  • $55,889Total deposits
  • $62,231Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 1650.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $361Subordinated debt
  • $8,725All other liabilities
  • $8,725Total equity capital
  • $8,725Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $3,200Surplus
  • $5,475Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $108Income earned, not collected on loans
  • $0Earning assets
  • $542Long-term assets (5+ years)
  • $71,287Average Assets, year-to-date
  • $4,077Average Assets, quarterly
  • $70,348Volatile liabilities
  • $71,717Insider loans
  • $52,389FHLB advances
  • $71,501Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,725Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,924Restructured Loans and leases
  • $186Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,252Total interest income
  • $927Total interest expense
  • $2,325Net interest income
  • $110Provision for loan and lease losses
  • $177Total noninterest income
  • $0Fiduciary activities
  • $127Service charges on deposit accounts
  • $0Trading account gains & fees
  • $50Additional noninterest income
  • $1,379Total noninterest expense
  • $930Salaries and employee benefits
  • $166Premises and equipment expense
  • $283Additional noninterest expense
  • $1,013Pre-tax net operating income
  • $0Securities gains (losses)
  • $385Applicable income taxes
  • $628Income before extraordinary items
  • $0Extraordinary gains - net
  • $628Net income attributable to bank
  • $0Net charge-offs
  • $628Cash dividends
  • $14Sale, conversion, retirement of capital stock, net
  • $250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 2.01%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 1.44%Pretax return on assets
  • 7.29%Return on equity (ROE)
  • 4.39%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 785.71%Credit loss provision to net charge-offs
  • 80.21%Efficiency ratio
  • 55,116Assets per employee
  • 7.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.81%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 687.96%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.21%Net loans and leases to deposits
  • 80.11%Net loans and leases to core deposits
  • 83.06%Equity capital to assets
  • 11.96%Core capital (leverage) ratio
  • 12.20%Tier 1 risk-based capital ratio
  • 16.65%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $70,348Average earning assets
  • $8,609Average equity
  • $68,586Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01268St. Clair State Bank (Incorporated)100 Main St. West, Saint Clair, MN 56080July 17, 1907Full Service Brick and Mortar

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