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

  • State Bank of Delano in Delano, Minnesota (MN)
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State Bank of Delano - Overview

  • General
  • FDIC Certificate #: 10198
    Status: Active
    Federal Reserve ID: 283858
    Bank Holding Company (Regulatory Top Holder): Delano State Agency, Inc. (RSSDID: 1125021, Location: Delano, MN)
    Date Established: January 01, 1908
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 13708
    FDIC's unique #: 6537
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending 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: 1300 Babcock Boulevard East, Delano, MN 55328
    County: Wright
    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: $82.3 mil
    Equity capital: $4.4 mil
    Deposits held in domestic offices: $75.8 mil
    Return on assets (ROA): -1.77% (-$1.5 mil)
    Quarterly return on assets: -1.44% (-$1.2 mil)
    Return on Equity (ROE): -28.87% (-$1.2 mil)
    Quarterly return on equity: -25.36% (-$1.0 mil)
    Net income: -$1.5 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -1.77% (-$1,457.3 mil)
    Quarterly Pretax return on assets: -1.44% (-$1,185.6 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
  • 21Total employees (full-time equivalent)
  • $82,333Total assets
  • $14,281Cash and due from depository institutions
  • $4,454Interest-bearing balances
  • $10,989Securities
  • $3,000Federal funds sold & reverse repurchase agreements
  • $43,228Net loans & leases
  • $1,807Loan loss allowance
  • $0Trading account assets
  • $2,678Bank premises and fixed assets
  • $6,488Other real estate owned
  • $0Goodwill and other intangibles
  • $82,333Life insurance assets
  • $1,669All other assets
  • $77,896Total liabilities and capital
  • $75,810Total liabilities
  • $60,668Total deposits
  • $75,810Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $1,086Subordinated debt
  • $4,437All other liabilities
  • $4,437Total equity capital
  • $4,437Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $9,200Surplus
  • $-4,863Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,530Income earned, not collected on loans
  • $0Earning assets
  • $316Long-term assets (5+ years)
  • $61,671Average Assets, year-to-date
  • $10,954Average Assets, quarterly
  • $83,378Volatile liabilities
  • $81,392Insider loans
  • $56,959FHLB advances
  • $80,236Loans and leases held for sale
  • $471Unused loan commitments
  • $471Tier 1 (core) risk-based capital
  • $4,194Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,144Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,087Total interest income
  • $553Total interest expense
  • $2,534Net interest income
  • $1,271Provision for loan and lease losses
  • $385Total noninterest income
  • $0Fiduciary activities
  • $417Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$32Additional noninterest income
  • $3,122Total noninterest expense
  • $1,347Salaries and employee benefits
  • $365Premises and equipment expense
  • $1,410Additional noninterest expense
  • -$1,474Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • -$1,475Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,475Net income attributable to bank
  • $0Net charge-offs
  • -$1,475Cash dividends
  • $1,418Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 3.93%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 4.84%Noninterest expense to earning assets
  • -1.77%Net operating income to assets
  • -1.77%Return on assets (ROA)
  • -1.77%Pretax return on assets
  • -28.87%Return on equity (ROE)
  • -28.87%Retained earnings to average equity (YTD only)
  • 2.95%Net charge-offs to loans
  • 89.63%Credit loss provision to net charge-offs
  • -0.14%Efficiency ratio
  • 106,954Assets per employee
  • 3.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.01%Loss allowance to noncurrent loans
  • 51.19%Noncurrent assets plus other real estate owned to assets
  • 12.17%Noncurrent loans to loans
  • 7.84%Net loans and leases to deposits
  • 57.02%Net loans and leases to core deposits
  • 57.25%Equity capital to assets
  • 5.39%Core capital (leverage) ratio
  • 5.23%Tier 1 risk-based capital ratio
  • 7.36%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $83,378Average earning assets
  • $5,109Average equity
  • $64,548Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06537State Bank Of Delano1300 Babcock Boulevard East, Delano, MN 55328January 01, 1908Full Service Brick and Mortar

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