State Bank of Wheaton in Wheaton, Minnesota (MN)



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State Bank of Wheaton routing number info

Table of contents:
State Bank of Wheaton
GeneralFDIC Certificate #: 8827
Status: Active
Federal Reserve ID: 808354
Bank Holding Company (Regulatory Top Holder): Traverse County Investment Corporation (RSSDID: 1124369, Location: Wheaton, MN)
Date Established: January 01, 1899
WWW: http://www.sbwheaton.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 12495
FDIC's unique #: 5622
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
LocationAddress: 921 Broadway, Wheaton, MN 56296
County: Traverse
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $66.8 mil
Equity capital: $13.5 mil
Deposits held in domestic offices: $53.2 mil
Return on assets (ROA): 0.25% ($0.2 mil)
Quarterly return on assets: 0.40% ($0.3 mil)
Return on Equity (ROE): 1.19% ($0.2 mil)
Quarterly return on equity: 1.99% ($0.3 mil)
Net income: $0.2 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.25% ($167.0 mil)
Quarterly Pretax return on assets: 0.40% ($267.2 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)
Total employees (full-time equivalent)13
Total assets$66,788
Cash and due from depository institutions$7,053
Interest-bearing balances$4,227
Securities$7,561
Federal funds sold & reverse repurchase agreements$8,000
Net loans & leases$43,046
Loan loss allowance $1,500
Trading account assets$0
Bank premises and fixed assets$104
Other real estate owned$10
Goodwill and other intangibles$0
All other assets$1,014
Life insurance assets$66,788
Total liabilities and capital$53,270
Total liabilities$53,200
Total deposits$43,058
Interest-bearing deposits$53,200
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $70
All other liabilities $13,518
Total equity capital$13,518
Total bank equity capital$13,518
Perpetual preferred stock$0
Common stock$125
Surplus$6,875
Undivided profits $6,518
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 $618
Earning assets $0
Long-term assets (5+ years) $722
Average Assets, year-to-date $62,834
Average Assets, quarterly $1,068
Volatile liabilities $66,562
Insider loans $66,687
FHLB advances $45,813
Loans and leases held for sale $67,325
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $13,369
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,037
Derivatives$730
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,812
Total interest expense $486
Net interest income $2,326
Provision for loan and lease losses $635
Total noninterest income $102
Fiduciary activities $0
Service charges on deposit accounts $70
Trading account gains & fees $0
Additional noninterest income $32
Total noninterest expense $1,629
Salaries and employee benefits $978
Premises and equipment expense $139
Additional noninterest expense $512
Pre-tax net operating income $164
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $164
Extraordinary gains - net $0
Net income attributable to bank $164
Net charge-offs $0
Cash dividends $164
Sale, conversion, retirement of capital stock, net $370
Net operating income $616
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.48%
Cost of funding earning assets 0.77%
Net interest margin 3.71%
Noninterest income to earning assets 0.16%
Noninterest expense to earning assets 2.60%
Net operating income to assets 0.25%
Return on assets (ROA) 0.25%
Pretax return on assets 0.25%
Return on equity (ROE) 1.19%
Retained earnings to average equity (YTD only) -3.28%
Net charge-offs to loans 0.81%
Credit loss provision to net charge-offs 171.62%
Efficiency ratio2.16%
Assets per employee$67,092
Cash dividends to net income (YTD only)5.14%
Condition Ratios (%)
Loss allowance to loans 375.61%
Loss allowance to noncurrent loans 3.37%
Noncurrent assets plus other real estate owned to assets 242.72%
Noncurrent loans to loans 0.94%
Net loans and leases to deposits1.39%
Net loans and leases to core deposits 80.91%
Equity capital to assets 87.15%
Core capital (leverage) ratio 20.24%
Tier 1 risk-based capital ratio 19.86%
Total risk-based capital ratio 29.18%
Memoranda
Average assets$30
Average earning assets$66,562
Average equity $13,777
Average loans $62,729
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2 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05622State Bank Of Wheaton921 Broadway, Wheaton, MN 56296January 01, 1899Full Service Brick and Mortar
1219045Drive-In Facility1001-1003 Broadway, Wheaton, MN 56296January 17, 1978Limited Service Facility
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