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

State Bank of Taunton - Overview

  • General
  • FDIC Certificate #: 16906
    Status: Active
    Federal Reserve ID: 205458
    Bank Holding Company (Regulatory Top Holder): Taunton Bancshares, Inc. (RSSDID: 3613540, Location: Taunton, MN)
    Date Established: Febuary 01, 1905
    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 #: 10992
    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 01, 1950
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: June 17, 2010
    Last Data Update: June 17, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 N. Main St., Taunton, MN 56291
    County: Lyon
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Marshall, MN (#32140)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
    Change in Location
  • Financial Summary
  • Total assets: $64.6 mil
    Equity capital: $5.7 mil
    Deposits held in domestic offices: $58.8 mil
    Return on assets (ROA): 0.71% ($0.5 mil)
    Quarterly return on assets: 0.93% ($0.6 mil)
    Return on Equity (ROE): 7.64% ($0.5 mil)
    Quarterly return on equity: 10.33% ($0.6 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.71% ($458.5 mil)
    Quarterly Pretax return on assets: 0.93% ($600.5 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
  • 13Total employees (full-time equivalent)
  • $64,573Total assets
  • $8,573Cash and due from depository institutions
  • $3,289Interest-bearing balances
  • $10,737Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $43,250Net loans & leases
  • $610Loan loss allowance
  • $0Trading account assets
  • $1,051Bank premises and fixed assets
  • $65Other real estate owned
  • $0Goodwill and other intangibles
  • $64,573Life insurance assets
  • $897All other assets
  • $58,895Total liabilities and capital
  • $58,769Total liabilities
  • $52,321Total deposits
  • $58,769Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $126Subordinated debt
  • $5,678All other liabilities
  • $5,678Total equity capital
  • $5,678Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $3,850Surplus
  • $1,678Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $81Income earned, not collected on loans
  • $0Earning assets
  • $766Long-term assets (5+ years)
  • $57,276Average Assets, year-to-date
  • $16,082Average Assets, quarterly
  • $58,164Volatile liabilities
  • $62,790Insider loans
  • $50,803FHLB advances
  • $62,948Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,385Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,899Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,910Total interest income
  • $850Total interest expense
  • $2,060Net interest income
  • $190Provision for loan and lease losses
  • $163Total noninterest income
  • $0Fiduciary activities
  • $163Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,618Total noninterest expense
  • $932Salaries and employee benefits
  • $242Premises and equipment expense
  • $444Additional noninterest expense
  • $415Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $415Income before extraordinary items
  • $0Extraordinary gains - net
  • $415Net income attributable to bank
  • $0Net charge-offs
  • $415Cash dividends
  • $106Sale, conversion, retirement of capital stock, net
  • $241Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.41%Yield on earning assets
  • 1.58%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 3.01%Noninterest expense to earning assets
  • 0.71%Net operating income to assets
  • 0.71%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 7.64%Return on equity (ROE)
  • 3.20%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 179.25%Credit loss provision to net charge-offs
  • 5.71%Efficiency ratio
  • 72,785Assets per employee
  • 4.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.07%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 753.09%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.18%Net loans and leases to deposits
  • 73.59%Net loans and leases to core deposits
  • 79.45%Equity capital to assets
  • 8.79%Core capital (leverage) ratio
  • 8.55%Tier 1 risk-based capital ratio
  • 10.60%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $58,164Average earning assets
  • $5,432Average equity
  • $53,753Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010992State Bank Of Taunton101 N. Main St., Taunton, MN 56291Febuary 01, 1905Full Service Brick and Mortar

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