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


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

  • General
  • FDIC Certificate #: 16561
    Status: Active
    Federal Reserve ID: 379050
    Bank Holding Company (Regulatory Top Holder): Easton Bancshares, Incorporated (RSSDID: 1134863, Location: Easton, MN)
    Date Established: May 21, 1934
    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 #: 10710
    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: April 09, 1947
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: June 17, 2010
    Last Data Update: June 17, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 50 Main Street, Easton, MN 56025
    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
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $21.3 mil
    Equity capital: $2.6 mil
    Deposits held in domestic offices: $16.1 mil
    Return on assets (ROA): 0.52% ($0.1 mil)
    Quarterly return on assets: 0.33% ($0.1 mil)
    Return on Equity (ROE): 4.15% ($0.1 mil)
    Quarterly return on equity: 2.65% ($0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.52% ($110.7 mil)
    Quarterly Pretax return on assets: 0.33% ($70.3 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
  • 7Total employees (full-time equivalent)
  • $21,290Total assets
  • $2,862Cash and due from depository institutions
  • $786Interest-bearing balances
  • $2,975Securities
  • $366Federal funds sold & reverse repurchase agreements
  • $13,244Net loans & leases
  • $244Loan loss allowance
  • $0Trading account assets
  • $62Bank premises and fixed assets
  • $481Other real estate owned
  • $0Goodwill and other intangibles
  • $21,289Life insurance assets
  • $1,300All other assets
  • $18,737Total liabilities and capital
  • $16,140Total liabilities
  • $13,816Total deposits
  • $16,140Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,523Trading liabilities
  • $0Other borrowed funds
  • $74Subordinated debt
  • $2,552All other liabilities
  • $2,552Total equity capital
  • $2,552Total bank equity capital
  • $0Perpetual preferred stock
  • $25Common stock
  • $1,725Surplus
  • $802Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $770Income earned, not collected on loans
  • $0Earning assets
  • $221Long-term assets (5+ years)
  • $17,371Average Assets, year-to-date
  • $2,687Average Assets, quarterly
  • $20,501Volatile liabilities
  • $20,751Insider loans
  • $17,260FHLB advances
  • $20,750Loans and leases held for sale
  • $661Unused loan commitments
  • $661Tier 1 (core) risk-based capital
  • $2,548Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $252Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $919Total interest income
  • $224Total interest expense
  • $695Net interest income
  • $27Provision for loan and lease losses
  • $104Total noninterest income
  • $0Fiduciary activities
  • $62Service charges on deposit accounts
  • $0Trading account gains & fees
  • $42Additional noninterest income
  • $675Total noninterest expense
  • $379Salaries and employee benefits
  • $85Premises and equipment expense
  • $211Additional noninterest expense
  • $97Pre-tax net operating income
  • $10Securities gains (losses)
  • $0Applicable income taxes
  • $107Income before extraordinary items
  • $0Extraordinary gains - net
  • $107Net income attributable to bank
  • $0Net charge-offs
  • $107Cash dividends
  • $21Sale, conversion, retirement of capital stock, net
  • $58Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.51%Yield on earning assets
  • 1.34%Cost of funding earning assets
  • 4.17%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 4.05%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 4.15%Return on equity (ROE)
  • 1.90%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 128.57%Credit loss provision to net charge-offs
  • 5.90%Efficiency ratio
  • 84,481Assets per employee
  • 3.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.21%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 31.69%Noncurrent assets plus other real estate owned to assets
  • 5.88%Noncurrent loans to loans
  • 5.71%Net loans and leases to deposits
  • 82.06%Net loans and leases to core deposits
  • 87.49%Equity capital to assets
  • 11.99%Core capital (leverage) ratio
  • 12.28%Tier 1 risk-based capital ratio
  • 14.76%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $20,501Average earning assets
  • $2,579Average equity
  • $16,673Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010710State Bank Of Easton50 Main Street, Easton, MN 56025May 21, 1934Full Service Brick and Mortar

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