State Bank of Belle Plaine in Belle Plaine, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

State Bank of Belle Plaine - Overview

  • General
  • FDIC Certificate #: 1383
    Status: Active
    Federal Reserve ID: 145750
    Bank Holding Company (Regulatory Top Holder): Belle Plaine Bancorporation, Inc. (RSSDID: 1134573, Location: Belle Plaine, MN)
    Date Established: December 11, 1882
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 907
    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: 201 West Main Street, Belle Plaine, MN 56011
    County: Scott
    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
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $99.9 mil
    Equity capital: $12.5 mil
    Deposits held in domestic offices: $86.7 mil
    Return on assets (ROA): 0.67% ($0.7 mil)
    Quarterly return on assets: 0.66% ($0.7 mil)
    Return on Equity (ROE): 5.40% ($0.7 mil)
    Quarterly return on equity: 5.30% ($0.7 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.75% ($749.6 mil)
    Quarterly Pretax return on assets: 0.74% ($739.6 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
  • 22Total employees (full-time equivalent)
  • $99,942Total assets
  • $5,080Cash and due from depository institutions
  • $3,003Interest-bearing balances
  • $53,391Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $37,953Net loans & leases
  • $906Loan loss allowance
  • $0Trading account assets
  • $1,317Bank premises and fixed assets
  • $826Other real estate owned
  • $0Goodwill and other intangibles
  • $99,942Life insurance assets
  • $1,375All other assets
  • $87,421Total liabilities and capital
  • $86,735Total liabilities
  • $76,443Total deposits
  • $86,735Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $686Subordinated debt
  • $12,521All other liabilities
  • $12,521Total equity capital
  • $12,521Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $3,850Surplus
  • $8,521Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,792Income earned, not collected on loans
  • $0Earning assets
  • $723Long-term assets (5+ years)
  • $94,347Average Assets, year-to-date
  • $44,772Average Assets, quarterly
  • $95,917Volatile liabilities
  • $99,449Insider loans
  • $50,780FHLB advances
  • $99,596Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,290Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,827Restructured Loans and leases
  • $24Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,001Total interest income
  • $674Total interest expense
  • $3,327Net interest income
  • $155Provision for loan and lease losses
  • $303Total noninterest income
  • $0Fiduciary activities
  • $134Service charges on deposit accounts
  • $0Trading account gains & fees
  • $169Additional noninterest income
  • $2,759Total noninterest expense
  • $1,634Salaries and employee benefits
  • $342Premises and equipment expense
  • $783Additional noninterest expense
  • $716Pre-tax net operating income
  • -$1Securities gains (losses)
  • $69Applicable income taxes
  • $646Income before extraordinary items
  • $0Extraordinary gains - net
  • $646Net income attributable to bank
  • $0Net charge-offs
  • $646Cash dividends
  • $321Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.49%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 3.73%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 5.40%Return on equity (ROE)
  • 0.38%Retained earnings to average equity (YTD only)
  • 0.83%Net charge-offs to loans
  • 48.29%Credit loss provision to net charge-offs
  • 2.71%Efficiency ratio
  • 76,006Assets per employee
  • 4.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 92.88%Loss allowance to loans
  • 2.33%Loss allowance to noncurrent loans
  • 50.56%Noncurrent assets plus other real estate owned to assets
  • 2.77%Noncurrent loans to loans
  • 4.61%Net loans and leases to deposits
  • 43.76%Net loans and leases to core deposits
  • 44.54%Equity capital to assets
  • 12.53%Core capital (leverage) ratio
  • 11.34%Tier 1 risk-based capital ratio
  • 22.23%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $95,917Average earning assets
  • $11,973Average equity
  • $89,138Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0907State Bank Of Belle Plaine201 West Main Street, Belle Plaine, MN 56011December 11, 1882Full Service Brick and Mortar
    1477875Kingsway Retirement Living815 West Main Street, Belle Plaine, MN 56011June 23, 2008
    2493268State Bank Of Belle Plaine Branch815 West Main Street, Belle Plaine, MN 56011July 01, 2008Full Service Retail

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