State Bank of New Richland in New Richland, Minnesota (MN)
| State Bank of New Richland | |
|---|---|
| General | FDIC Certificate #: 9735 Status: Active Federal Reserve ID: 874452 Bank Holding Company (Regulatory Top Holder): New Richland Bancshares, Inc. (RSSDID: 1487327, Location: New Richland, MN) Date Established: October 31, 1898 WWW: http://www.sbnr.biz 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 #: 6226 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: 103 North Broadway, New Richland, MN 56072 County: Waseca 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 | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $91.4 mil Equity capital: $8.4 mil Deposits held in domestic offices: $61.8 mil Return on assets (ROA): 2.33% ($2.1 mil) Quarterly return on assets: 1.32% ($1.2 mil) Return on Equity (ROE): 25.76% ($2.1 mil) Quarterly return on equity: 13.94% ($1.1 mil) Net income: $2.1 mil Quarterly Net income: $0.3 mil Pretax return on assets: 2.33% ($2,130.7 mil) Quarterly Pretax return on assets: 1.32% ($1,207.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 10 |
| Total assets | $91,446 |
| Cash and due from depository institutions | $1,216 |
| Interest-bearing balances | $249 |
| Securities | $18,406 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $68,447 |
| Loan loss allowance | $944 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $430 |
| Other real estate owned | $91 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,856 |
| Life insurance assets | $91,446 |
| Total liabilities and capital | $83,027 |
| Total liabilities | $61,839 |
| Total deposits | $53,695 |
| Interest-bearing deposits | $61,839 |
| Deposits held in domestic offices | $73 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $20,050 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,138 |
| All other liabilities | $8,419 |
| Total equity capital | $8,419 |
| Total bank equity capital | $8,419 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $5,400 |
| Undivided profits | $2,919 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $1,063 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,381 |
| Average Assets, year-to-date | $87,102 |
| Average Assets, quarterly | $45,268 |
| Volatile liabilities | $89,725 |
| Insider loans | $90,982 |
| FHLB advances | $68,110 |
| Loans and leases held for sale | $90,309 |
| Unused loan commitments | $27 |
| Tier 1 (core) risk-based capital | $27 |
| Tier 2 risk-based capital | $7,528 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $8,491 |
| Derivatives | $1,079 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $5,407 |
| Total interest expense | $1,642 |
| Net interest income | $3,765 |
| Provision for loan and lease losses | $39 |
| Total noninterest income | $213 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $148 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $65 |
| Total noninterest expense | $1,853 |
| Salaries and employee benefits | $1,201 |
| Premises and equipment expense | $114 |
| Additional noninterest expense | $538 |
| Pre-tax net operating income | $2,086 |
| Securities gains (losses) | $2 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $2,088 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,088 |
| Net charge-offs | $0 |
| Cash dividends | $2,088 |
| Sale, conversion, retirement of capital stock, net | $9 |
| Net operating income | $1,463 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.36% |
| Cost of funding earning assets | 1.93% |
| Net interest margin | 4.43% |
| Noninterest income to earning assets | 0.25% |
| Noninterest expense to earning assets | 2.18% |
| Net operating income to assets | 2.32% |
| Return on assets (ROA) | 2.33% |
| Pretax return on assets | 2.33% |
| Return on equity (ROE) | 25.76% |
| Retained earnings to average equity (YTD only) | 7.71% |
| Net charge-offs to loans | 0.01% |
| Credit loss provision to net charge-offs | 433.33% |
| Efficiency ratio | 236.11% |
| Assets per employee | $46,581 |
| Cash dividends to net income (YTD only) | 9.14% |
| Condition Ratios (%) | |
| Loss allowance to loans | 70.07% |
| Loss allowance to noncurrent loans | 1.36% |
| Noncurrent assets plus other real estate owned to assets | 88.81% |
| Noncurrent loans to loans | 1.26% |
| Net loans and leases to deposits | 1.53% |
| Net loans and leases to core deposits | 110.69% |
| Equity capital to assets | 446.99% |
| Core capital (leverage) ratio | 9.21% |
| Tier 1 risk-based capital ratio | 8.34% |
| Total risk-based capital ratio | 11.05% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $89,725 |
| Average equity | $8,106 |
| Average loans | $85,036 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6226 | State Bank Of New Richland | 103 North Broadway, New Richland, MN 56072 | October 31, 1898 | Full Service Brick and Mortar |  |
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