State Bank of Taunton in Taunton, Minnesota (MN)
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| State Bank of Taunton | |
|---|---|
| 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 WWW: http://www.statebankoftaunton.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 #: 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 13 |
| Total assets | $64,573 |
| Cash and due from depository institutions | $8,573 |
| Interest-bearing balances | $3,289 |
| Securities | $10,737 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $43,250 |
| Loan loss allowance | $610 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,051 |
| Other real estate owned | $65 |
| Goodwill and other intangibles | $0 |
| All other assets | $897 |
| Life insurance assets | $64,573 |
| Total liabilities and capital | $58,895 |
| Total liabilities | $58,769 |
| Total deposits | $52,321 |
| Interest-bearing deposits | $58,769 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $126 |
| All other liabilities | $5,678 |
| Total equity capital | $5,678 |
| Total bank equity capital | $5,678 |
| Perpetual preferred stock | $0 |
| Common stock | $150 |
| Surplus | $3,850 |
| Undivided profits | $1,678 |
| 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 | $81 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $766 |
| Average Assets, year-to-date | $57,276 |
| Average Assets, quarterly | $16,082 |
| Volatile liabilities | $58,164 |
| Insider loans | $62,790 |
| FHLB advances | $50,803 |
| Loans and leases held for sale | $62,948 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $5,385 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $4,899 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,910 |
| Total interest expense | $850 |
| Net interest income | $2,060 |
| Provision for loan and lease losses | $190 |
| Total noninterest income | $163 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $163 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $0 |
| Total noninterest expense | $1,618 |
| Salaries and employee benefits | $932 |
| Premises and equipment expense | $242 |
| Additional noninterest expense | $444 |
| Pre-tax net operating income | $415 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $415 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $415 |
| Net charge-offs | $0 |
| Cash dividends | $415 |
| Sale, conversion, retirement of capital stock, net | $106 |
| Net operating income | $241 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.41% |
| Cost of funding earning assets | 1.58% |
| Net interest margin | 3.83% |
| Noninterest income to earning assets | 0.30% |
| Noninterest expense to earning assets | 3.01% |
| Net operating income to assets | 0.71% |
| Return on assets (ROA) | 0.71% |
| Pretax return on assets | 0.71% |
| Return on equity (ROE) | 7.64% |
| Retained earnings to average equity (YTD only) | 3.20% |
| Net charge-offs to loans | 0.27% |
| Credit loss provision to net charge-offs | 179.25% |
| Efficiency ratio | 5.71% |
| Assets per employee | $72,785 |
| Cash dividends to net income (YTD only) | 4.97% |
| Condition Ratios (%) | |
| Loss allowance to loans | 58.07% |
| Loss allowance to noncurrent loans | 1.39% |
| Noncurrent assets plus other real estate owned to assets | 753.09% |
| Noncurrent loans to loans | 0.23% |
| Net loans and leases to deposits | 0.18% |
| Net loans and leases to core deposits | 73.59% |
| Equity capital to assets | 79.45% |
| Core capital (leverage) ratio | 8.79% |
| Tier 1 risk-based capital ratio | 8.55% |
| Total risk-based capital ratio | 10.60% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $58,164 |
| Average equity | $5,432 |
| Average loans | $53,753 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 10992 | State Bank Of Taunton | 101 N. Main St., Taunton, MN 56291 | Febuary 01, 1905 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.