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


State Bank of Ceylon - Overview

  • General
  • FDIC Certificate #: 8197
    Status: Active
    Federal Reserve ID: 401951
    Bank Holding Company (Regulatory Top Holder): Ceylon Bancorporation, Inc. (RSSDID: 1127173, Location: Ceylon, MN)
    Date Established: April 01, 1901
    WWW: http://www.statebankofceylon.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)
    FDIC's unique #: 5223
    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: 104 West Main Street, Ceylon, MN 56121
    County: Martin
    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): Fairmont, MN (#21860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $11.1 mil
    Equity capital: $1.3 mil
    Deposits held in domestic offices: $9.7 mil
    Return on assets (ROA): 0.32% ($0.0 mil)
    Quarterly return on assets: 0.21% ($0.0 mil)
    Return on Equity (ROE): 2.92% ($0.0 mil)
    Quarterly return on equity: 1.89% ($0.0 mil)
    Net income: $0.0 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.43% ($47.6 mil)
    Quarterly Pretax return on assets: 0.42% ($46.5 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
  • 5Total employees (full-time equivalent)
  • $11,062Total assets
  • $3,087Cash and due from depository institutions
  • $1,960Interest-bearing balances
  • $2,244Securities
  • $502Federal funds sold & reverse repurchase agreements
  • $4,888Net loans & leases
  • $85Loan loss allowance
  • $0Trading account assets
  • $66Bank premises and fixed assets
  • $61Other real estate owned
  • $0Goodwill and other intangibles
  • $11,062Life insurance assets
  • $214All other assets
  • $9,797Total liabilities and capital
  • $9,698Total liabilities
  • $8,207Total deposits
  • $9,698Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $99Subordinated debt
  • $1,265All other liabilities
  • $1,265Total equity capital
  • $1,265Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $925Surplus
  • $265Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $122Income earned, not collected on loans
  • $0Earning assets
  • $94Long-term assets (5+ years)
  • $9,594Average Assets, year-to-date
  • $2,379Average Assets, quarterly
  • $11,107Volatile liabilities
  • $11,328Insider loans
  • $5,487FHLB advances
  • $11,657Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,226Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,166Restructured Loans and leases
  • $782Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $457Total interest income
  • $62Total interest expense
  • $395Net interest income
  • $15Provision for loan and lease losses
  • $37Total noninterest income
  • $0Fiduciary activities
  • $32Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5Additional noninterest income
  • $369Total noninterest expense
  • $199Salaries and employee benefits
  • $69Premises and equipment expense
  • $101Additional noninterest expense
  • $48Pre-tax net operating income
  • $0Securities gains (losses)
  • $12Applicable income taxes
  • $36Income before extraordinary items
  • $0Extraordinary gains - net
  • $36Net income attributable to bank
  • $0Net charge-offs
  • $36Cash dividends
  • $32Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.70%Yield on earning assets
  • 0.64%Cost of funding earning assets
  • 4.06%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 3.79%Noninterest expense to earning assets
  • 0.32%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.43%Pretax return on assets
  • 2.92%Return on equity (ROE)
  • 2.92%Retained earnings to average equity (YTD only)
  • 0.54%Net charge-offs to loans
  • 46.88%Credit loss provision to net charge-offs
  • 1.97%Efficiency ratio
  • 85,417Assets per employee
  • 2.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 69.67%Noncurrent assets plus other real estate owned to assets
  • 1.65%Noncurrent loans to loans
  • 2.45%Net loans and leases to deposits
  • 50.40%Net loans and leases to core deposits
  • 61.41%Equity capital to assets
  • 11.44%Core capital (leverage) ratio
  • 10.52%Tier 1 risk-based capital ratio
  • 22.34%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $11,107Average earning assets
  • $1,234Average equity
  • $9,726Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05223State Bank Of Ceylon104 West Main Street, Ceylon, MN 56121April 01, 1901Full Service Brick and Mortar

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