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

State Bank of Marietta - Overview

  • General
  • FDIC Certificate #: 18525
    Status: Active
    Federal Reserve ID: 2554
    Bank Holding Company (Regulatory Top Holder): Dakota Financial, Inc. (RSSDID: 3615272, Location: Marietta, MN)
    Date Established: August 14, 1941
    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 #: 12417
    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: May 21, 1962
    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: 201 3rd Ave North, Marietta, MN 56257
    County: Lac Qui Parle
    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
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $12.1 mil
    Equity capital: $1.2 mil
    Deposits held in domestic offices: $10.3 mil
    Return on assets (ROA): 1.14% ($0.1 mil)
    Quarterly return on assets: 0.91% ($0.1 mil)
    Return on Equity (ROE): 11.43% ($0.1 mil)
    Quarterly return on equity: 9.38% ($0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 1.14% ($138.0 mil)
    Quarterly Pretax return on assets: 0.91% ($110.2 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
  • 4Total employees (full-time equivalent)
  • $12,109Total assets
  • $4,149Cash and due from depository institutions
  • $3,376Interest-bearing balances
  • $1,892Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $5,530Net loans & leases
  • $100Loan loss allowance
  • $0Trading account assets
  • $97Bank premises and fixed assets
  • $0Other real estate owned
  • $289Goodwill and other intangibles
  • $12,110Life insurance assets
  • $152All other assets
  • $10,948Total liabilities and capital
  • $10,311Total liabilities
  • $7,123Total deposits
  • $10,311Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 616.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $21Subordinated debt
  • $1,162All other liabilities
  • $1,162Total equity capital
  • $1,162Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $975Surplus
  • $137Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1Income earned, not collected on loans
  • $0Earning assets
  • $95Long-term assets (5+ years)
  • $10,798Average Assets, year-to-date
  • $1,243Average Assets, quarterly
  • $11,438Volatile liabilities
  • $11,836Insider loans
  • $7,788FHLB advances
  • $11,402Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $883Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $692Restructured Loans and leases
  • $128Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $452Total interest income
  • $76Total interest expense
  • $376Net interest income
  • $26Provision for loan and lease losses
  • $51Total noninterest income
  • $0Fiduciary activities
  • $44Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7Additional noninterest income
  • $271Total noninterest expense
  • $147Salaries and employee benefits
  • $20Premises and equipment expense
  • $104Additional noninterest expense
  • $130Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $130Income before extraordinary items
  • $0Extraordinary gains - net
  • $130Net income attributable to bank
  • $0Net charge-offs
  • $130Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $77Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.33%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 3.61%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.60%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 11.43%Return on equity (ROE)
  • 4.66%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 63,466Assets per employee
  • 3.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.23%Loss allowance to loans
  • 1.78%Loss allowance to noncurrent loans
  • 10000.00%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 53.63%Net loans and leases to core deposits
  • 57.84%Equity capital to assets
  • 9.60%Core capital (leverage) ratio
  • 7.74%Tier 1 risk-based capital ratio
  • 11.34%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $11,438Average earning assets
  • $1,138Average equity
  • $10,428Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012417State Bank Of Marietta201 3rd Ave North, Marietta, MN 56257August 14, 1941Full Service Brick and Mortar

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