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


State Bank of Richmond - Overview

  • General
  • FDIC Certificate #: 8542
    Status: Active
    Federal Reserve ID: 881656
    Bank Holding Company (Regulatory Top Holder): Richmond Bank Holding Co. (RSSDID: 1136045, Location: Richmond, MN)
    Date Established: June 04, 1904
    WWW: http://www.statebankofrichmond.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 #: 12145
    FDIC's unique #: 5450
    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: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    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: 22 Central Avenue, Richmond, MN 56368
    County: Stearns
    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
    Metropolitan Statistical Area (MSA): St. Cloud, MN (#6980)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
    CBSA Metro Statistical Area: St. Cloud, MN (#41060)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $86.3 mil
    Equity capital: $12.3 mil
    Deposits held in domestic offices: $73.6 mil
    Return on assets (ROA): 0.99% ($0.9 mil)
    Quarterly return on assets: 1.57% ($1.4 mil)
    Return on Equity (ROE): 7.34% ($0.9 mil)
    Quarterly return on equity: 11.20% ($1.3 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.29% ($1,113.7 mil)
    Quarterly Pretax return on assets: 1.21% ($1,044.7 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
  • 14Total employees (full-time equivalent)
  • $86,335Total assets
  • $11,005Cash and due from depository institutions
  • $9,170Interest-bearing balances
  • $40,005Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $33,920Net loans & leases
  • $817Loan loss allowance
  • $0Trading account assets
  • $71Bank premises and fixed assets
  • $241Other real estate owned
  • $0Goodwill and other intangibles
  • $86,335Life insurance assets
  • $1,093All other assets
  • $74,068Total liabilities and capital
  • $73,639Total liabilities
  • $64,106Total deposits
  • $73,639Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $429Subordinated debt
  • $12,267All other liabilities
  • $12,267Total equity capital
  • $12,267Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $3,350Surplus
  • $8,867Undivided 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
  • $396Long-term assets (5+ years)
  • $83,095Average Assets, year-to-date
  • $17,206Average Assets, quarterly
  • $86,200Volatile liabilities
  • $86,357Insider loans
  • $45,936FHLB advances
  • $86,306Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,583Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,393Restructured Loans and leases
  • $636Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,293Total interest income
  • $596Total interest expense
  • $2,697Net interest income
  • $95Provision for loan and lease losses
  • $313Total noninterest income
  • $0Fiduciary activities
  • $134Service charges on deposit accounts
  • $0Trading account gains & fees
  • $179Additional noninterest income
  • $1,820Total noninterest expense
  • $1,094Salaries and employee benefits
  • $188Premises and equipment expense
  • $538Additional noninterest expense
  • $1,095Pre-tax net operating income
  • $19Securities gains (losses)
  • $263Applicable income taxes
  • $851Income before extraordinary items
  • $0Extraordinary gains - net
  • $851Net income attributable to bank
  • $0Net charge-offs
  • $851Cash dividends
  • $42Sale, conversion, retirement of capital stock, net
  • $225Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.96%Yield on earning assets
  • 0.72%Cost of funding earning assets
  • 3.24%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.19%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 7.34%Return on equity (ROE)
  • 5.40%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 226.19%Credit loss provision to net charge-offs
  • 28.33%Efficiency ratio
  • 60,465Assets per employee
  • 6.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.44%Loss allowance to loans
  • 2.35%Loss allowance to noncurrent loans
  • 81700.00%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 46.06%Net loans and leases to core deposits
  • 46.70%Equity capital to assets
  • 14.21%Core capital (leverage) ratio
  • 13.42%Tier 1 risk-based capital ratio
  • 25.22%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $86,200Average earning assets
  • $11,597Average equity
  • $83,229Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05450State Bank Of Richmond22 Central Avenue, Richmond, MN 56368June 04, 1904Full Service Brick and Mortar

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