State Bank of New Prague in New Prague, Minnesota (MN)



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State Bank of New Prague routing number info

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State Bank of New Prague
GeneralFDIC Certificate #: 12921
Status: Active
Federal Reserve ID: 873950
Bank Holding Company (Regulatory Top Holder): Duke Financial Group, Inc. (RSSDID: 1127913, Location: Minneapolis, MN)
Date Established: November 01, 1883
WWW: http://www.statebankofnewprague.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)
OTS Docket #: 10884
FDIC's unique #: 8178
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: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 20, 2011
Last Structure Change Process Date: April 22, 2011
Last Data Update: April 22, 2011
Data Source Date: April 05, 2012
LocationAddress: 1101 First Street Se, New Prague, MN 56071
County: Le Sueur
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
Financial SummaryTotal assets: $123.8 mil
Equity capital: $17.9 mil
Deposits held in domestic offices: $97.5 mil
Return on assets (ROA): 1.41% ($1.7 mil)
Quarterly return on assets: 1.20% ($1.5 mil)
Return on Equity (ROE): 10.27% ($1.8 mil)
Quarterly return on equity: 8.20% ($1.5 mil)
Net income: $1.7 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.41% ($1,745.8 mil)
Quarterly Pretax return on assets: 1.20% ($1,485.8 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)
Total employees (full-time equivalent)21
Total assets$123,817
Cash and due from depository institutions$6,773
Interest-bearing balances$6,482
Securities$61,112
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$45,029
Loan loss allowance $1,567
Trading account assets$0
Bank premises and fixed assets$4,664
Other real estate owned$1,239
Goodwill and other intangibles$0
All other assets$5,000
Life insurance assets$123,817
Total liabilities and capital$105,938
Total liabilities$97,530
Total deposits$79,147
Interest-bearing deposits$97,530
Deposits held in domestic offices$84
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$7,000
Other borrowed funds $0
Subordinated debt $1,408
All other liabilities $17,879
Total equity capital$17,879
Total bank equity capital$17,879
Perpetual preferred stock$0
Common stock$400
Surplus$8,600
Undivided profits $8,879
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1
Income earned, not collected on loans $2,064
Earning assets $0
Long-term assets (5+ years) $669
Average Assets, year-to-date $112,623
Average Assets, quarterly $47,800
Volatile liabilities $122,056
Insider loans $123,344
FHLB advances $74,297
Loans and leases held for sale $119,119
Unused loan commitments $2,537
Tier 1 (core) risk-based capital $2,537
Tier 2 risk-based capital $14,116
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,307
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,450
Total interest expense $957
Net interest income $4,493
Provision for loan and lease losses $280
Total noninterest income $985
Fiduciary activities $0
Service charges on deposit accounts $192
Trading account gains & fees $0
Additional noninterest income $793
Total noninterest expense $3,429
Salaries and employee benefits $1,580
Premises and equipment expense $473
Additional noninterest expense $1,376
Pre-tax net operating income $1,769
Securities gains (losses) -$43
Applicable income taxes $2
Income before extraordinary items $1,724
Extraordinary gains - net $0
Net income attributable to bank $1,724
Net charge-offs $0
Cash dividends $1,724
Sale, conversion, retirement of capital stock, net $216
Net operating income $1,167
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.96%
Cost of funding earning assets 0.87%
Net interest margin 4.09%
Noninterest income to earning assets 0.90%
Noninterest expense to earning assets 3.12%
Net operating income to assets 1.45%
Return on assets (ROA) 1.41%
Pretax return on assets 1.41%
Return on equity (ROE) 10.27%
Retained earnings to average equity (YTD only) 3.32%
Net charge-offs to loans 0.43%
Credit loss provision to net charge-offs 129.63%
Efficiency ratio9.49%
Assets per employee$62,596
Cash dividends to net income (YTD only)5.90%
Condition Ratios (%)
Loss allowance to loans 67.69%
Loss allowance to noncurrent loans 3.36%
Noncurrent assets plus other real estate owned to assets 75.92%
Noncurrent loans to loans 2.67%
Net loans and leases to deposits4.43%
Net loans and leases to core deposits 46.17%
Equity capital to assets 53.17%
Core capital (leverage) ratio 14.44%
Tier 1 risk-based capital ratio 11.85%
Total risk-based capital ratio 19.00%
Memoranda
Average assets$20
Average earning assets$122,056
Average equity $16,788
Average loans $109,789
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08178State Bank Of New Prague1101 First Street Se, New Prague, MN 56071November 01, 1883Full Service Brick and Mortar
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