FDIC Certificate #: 8847 Status: Active Federal Reserve ID: 107057 Bank Holding Company (Regulatory Top Holder): South Central Financial Services, Inc. (RSSDID: 1134537, Location: Bricelyn, MN) Date Established: January 01, 1899 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 #: 5642 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: 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: 219 North Main Street, Bricelyn, MN 56014 County: Faribault 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $27.5 mil Equity capital: $3.1 mil Deposits held in domestic offices: $23.6 mil Return on assets (ROA): 1.45% ($0.4 mil) Quarterly return on assets: 1.08% ($0.3 mil) Return on Equity (ROE): 12.51% ($0.4 mil) Quarterly return on equity: 9.30% ($0.3 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.45% ($398.1 mil) Quarterly Pretax return on assets: 1.08% ($296.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$27,458Total assets
$907Cash and due from depository institutions
$0Interest-bearing balances
$865Securities
$0Federal funds sold & reverse repurchase agreements
$24,120Net loans & leases
$201Loan loss allowance
$0Trading account assets
$453Bank premises and fixed assets
$135Other real estate owned
$0Goodwill and other intangibles
$27,458Life insurance assets
$978All other assets
$24,321Total liabilities and capital
$23,645Total liabilities
$21,791Total deposits
$23,645Interest-bearing deposits
$99Deposits held in domestic offices
500.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$176Subordinated debt
$3,137All other liabilities
$3,137Total equity capital
$3,137Total bank equity capital
$0Perpetual preferred stock
$50Common stock
$2,450Surplus
$637Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$77Income earned, not collected on loans
$0Earning assets
$270Long-term assets (5+ years)
$24,985Average Assets, year-to-date
$1,131Average Assets, quarterly
$26,476Volatile liabilities
$27,312Insider loans
$22,490FHLB advances
$27,513Loans and leases held for sale
$496Unused loan commitments
$496Tier 1 (core) risk-based capital
$3,125Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,362Restructured Loans and leases
$366Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,353Total interest income
$219Total interest expense
$1,134Net interest income
$30Provision for loan and lease losses
$83Total noninterest income
$0Fiduciary activities
$29Service charges on deposit accounts
$0Trading account gains & fees
$54Additional noninterest income
$802Total noninterest expense
$549Salaries and employee benefits
$61Premises and equipment expense
$192Additional noninterest expense
$385Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$385Income before extraordinary items
$0Extraordinary gains - net
$385Net income attributable to bank
$0Net charge-offs
$385Cash dividends
$16Sale, conversion, retirement of capital stock, net
$164Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.73%Yield on earning assets
0.93%Cost of funding earning assets
4.81%Net interest margin
0.35%Noninterest income to earning assets
3.40%Noninterest expense to earning assets
1.45%Net operating income to assets
1.45%Return on assets (ROA)
1.45%Pretax return on assets
12.51%Return on equity (ROE)
7.18%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
187.50%Credit loss provision to net charge-offs
25.94%Efficiency ratio
65,900Assets per employee
2.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.60%Loss allowance to loans
0.83%Loss allowance to noncurrent loans
261.04%Noncurrent assets plus other real estate owned to assets
0.77%Noncurrent loans to loans
0.32%Net loans and leases to deposits
102.01%Net loans and leases to core deposits
103.32%Equity capital to assets
11.42%Core capital (leverage) ratio
11.36%Tier 1 risk-based capital ratio
13.90%Total risk-based capital ratio
Memoranda
$15Average assets
$26,476Average earning assets
$3,077Average equity
$23,596Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5642
State Bank Of Bricelyn
219 North Main Street, Bricelyn, MN 56014
January 01, 1899
Full Service Brick and Mortar
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