FDIC Certificate #: 1406 Status: Active Federal Reserve ID: 169952 Bank Holding Company (Regulatory Top Holder): Hubbard Bancshares, Inc. (RSSDID: 1125197, Location: Park Rapids, MN) Date Established: June 02, 1902 WWW:http://www.statebankofparkrapids.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) FDIC's unique #: 928 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: 200 East 1st Street, Park Rapids, MN 56470 County: Hubbard Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Grand Forks 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: $86.4 mil Equity capital: $9.2 mil Deposits held in domestic offices: $74.3 mil Return on assets (ROA): 1.02% ($0.9 mil) Quarterly return on assets: 0.47% ($0.4 mil) Return on Equity (ROE): 11.11% ($1.0 mil) Quarterly return on equity: 4.53% ($0.4 mil) Net income: $0.9 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.03% ($889.6 mil) Quarterly Pretax return on assets: 0.47% ($405.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$86,367Total assets
$2,634Cash and due from depository institutions
$193Interest-bearing balances
$31,085Securities
$0Federal funds sold & reverse repurchase agreements
$44,058Net loans & leases
$887Loan loss allowance
$0Trading account assets
$1,777Bank premises and fixed assets
$2,999Other real estate owned
$0Goodwill and other intangibles
$86,367Life insurance assets
$3,814All other assets
$77,196Total liabilities and capital
$74,270Total liabilities
$64,870Total deposits
$74,270Interest-bearing deposits
$86Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,800Trading liabilities
$0Other borrowed funds
$126Subordinated debt
$9,171All other liabilities
$9,171Total equity capital
$9,171Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$4,400Surplus
$4,671Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,366Income earned, not collected on loans
$0Earning assets
$501Long-term assets (5+ years)
$75,336Average Assets, year-to-date
$36,101Average Assets, quarterly
$89,516Volatile liabilities
$88,935Insider loans
$54,642FHLB advances
$90,210Loans and leases held for sale
$2,702Unused loan commitments
$2,702Tier 1 (core) risk-based capital
$8,199Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,210Restructured Loans and leases
$376Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,929Total interest income
$1,014Total interest expense
$2,915Net interest income
$115Provision for loan and lease losses
$573Total noninterest income
$0Fiduciary activities
$327Service charges on deposit accounts
$0Trading account gains & fees
$246Additional noninterest income
$2,790Total noninterest expense
$1,226Salaries and employee benefits
$384Premises and equipment expense
$1,180Additional noninterest expense
$583Pre-tax net operating income
$336Securities gains (losses)
$2Applicable income taxes
$917Income before extraordinary items
$0Extraordinary gains - net
$917Net income attributable to bank
$0Net charge-offs
$917Cash dividends
$421Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.16%Yield on earning assets
1.33%Cost of funding earning assets
3.83%Net interest margin
0.75%Noninterest income to earning assets
3.67%Noninterest expense to earning assets
0.65%Net operating income to assets
1.02%Return on assets (ROA)
1.03%Pretax return on assets
11.11%Return on equity (ROE)
11.11%Retained earnings to average equity (YTD only)
0.91%Net charge-offs to loans
27.32%Credit loss provision to net charge-offs
1.66%Efficiency ratio
79,989Assets per employee
4.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.97%Loss allowance to noncurrent loans
64.93%Noncurrent assets plus other real estate owned to assets
5.05%Noncurrent loans to loans
3.04%Net loans and leases to deposits
59.32%Net loans and leases to core deposits
61.31%Equity capital to assets
10.62%Core capital (leverage) ratio
9.09%Tier 1 risk-based capital ratio
15.00%Total risk-based capital ratio
Memoranda
$16Average assets
$89,516Average earning assets
$8,256Average equity
$76,117Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
928
State Bank Of Park Rapids
200 East 1st Street, Park Rapids, MN 56470
June 02, 1902
Full Service Brick and Mortar
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