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


State Bank of Danvers - Overview

  • General
  • FDIC Certificate #: 1401
    Status: Active
    Federal Reserve ID: 283157
    Bank Holding Company (Regulatory Top Holder): West 12 Bancorporation, Inc. (RSSDID: 3042841, Location: Danvers, MN)
    Date Established: July 09, 1902
    WWW: http://www.sbdanvers.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 923
    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: One Bank Plaza, Danvers, MN 56231
    County: Swift
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $43.0 mil
    Equity capital: $5.3 mil
    Deposits held in domestic offices: $36.4 mil
    Return on assets (ROA): 1.56% ($0.7 mil)
    Quarterly return on assets: 1.39% ($0.6 mil)
    Return on Equity (ROE): 12.81% ($0.6 mil)
    Quarterly return on equity: 11.08% ($0.6 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.56% ($671.0 mil)
    Quarterly Pretax return on assets: 1.39% ($597.8 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
  • 9Total employees (full-time equivalent)
  • $43,010Total assets
  • $2,055Cash and due from depository institutions
  • $1,260Interest-bearing balances
  • $14,792Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $24,279Net loans & leases
  • $463Loan loss allowance
  • $0Trading account assets
  • $528Bank premises and fixed assets
  • $134Other real estate owned
  • $0Goodwill and other intangibles
  • $43,010Life insurance assets
  • $1,222All other assets
  • $37,755Total liabilities and capital
  • $36,402Total liabilities
  • $26,582Total deposits
  • $36,402Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 225.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $700Trading liabilities
  • $0Other borrowed funds
  • $428Subordinated debt
  • $5,255All other liabilities
  • $5,255Total equity capital
  • $5,255Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $3,400Surplus
  • $1,755Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $46Income earned, not collected on loans
  • $0Earning assets
  • $415Long-term assets (5+ years)
  • $40,331Average Assets, year-to-date
  • $2,354Average Assets, quarterly
  • $41,074Volatile liabilities
  • $41,987Insider loans
  • $29,210FHLB advances
  • $43,321Loans and leases held for sale
  • $560Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,000Tier 2 risk-based capital
  • $560Total risk weighted assets
  • $0Total unused commitments
  • $10,750Restructured Loans and leases
  • $102Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,756Total interest income
  • $201Total interest expense
  • $1,555Net interest income
  • $0Provision for loan and lease losses
  • $174Total noninterest income
  • $0Fiduciary activities
  • $43Service charges on deposit accounts
  • $0Trading account gains & fees
  • $131Additional noninterest income
  • $1,088Total noninterest expense
  • $638Salaries and employee benefits
  • $159Premises and equipment expense
  • $291Additional noninterest expense
  • $641Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $641Income before extraordinary items
  • $0Extraordinary gains - net
  • $641Net income attributable to bank
  • $0Net charge-offs
  • $641Cash dividends
  • $24Sale, conversion, retirement of capital stock, net
  • $266Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.60%Yield on earning assets
  • 0.53%Cost of funding earning assets
  • 4.07%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 1.56%Net operating income to assets
  • 1.56%Return on assets (ROA)
  • 1.56%Pretax return on assets
  • 12.81%Return on equity (ROE)
  • 7.49%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 26.71%Efficiency ratio
  • 62,927Assets per employee
  • 4.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.50%Loss allowance to loans
  • 1.87%Loss allowance to noncurrent loans
  • 1006.52%Noncurrent assets plus other real estate owned to assets
  • 0.53%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 66.70%Net loans and leases to core deposits
  • 66.70%Equity capital to assets
  • 12.22%Core capital (leverage) ratio
  • 11.54%Tier 1 risk-based capital ratio
  • 17.12%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $41,074Average earning assets
  • $5,006Average equity
  • $38,211Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0923State Bank Of DanversOne Bank Plaza, Danvers, MN 56231July 09, 1902Full Service Brick and Mortar
    1189468Benson Branch2010 Minnesota Avenue, Benson, MN 56215July 06, 1999Full Service Brick and Mortar

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