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

State Bank of Wheaton - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 13Total employees (full-time equivalent)
  • $66,788Total assets
  • $7,053Cash and due from depository institutions
  • $4,227Interest-bearing balances
  • $7,561Securities
  • $8,000Federal funds sold & reverse repurchase agreements
  • $43,046Net loans & leases
  • $1,500Loan loss allowance
  • $0Trading account assets
  • $104Bank premises and fixed assets
  • $10Other real estate owned
  • $0Goodwill and other intangibles
  • $66,788Life insurance assets
  • $1,014All other assets
  • $53,270Total liabilities and capital
  • $53,200Total liabilities
  • $43,058Total deposits
  • $53,200Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $70Subordinated debt
  • $13,518All other liabilities
  • $13,518Total equity capital
  • $13,518Total bank equity capital
  • $0Perpetual preferred stock
  • $125Common stock
  • $6,875Surplus
  • $6,518Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $618Income earned, not collected on loans
  • $0Earning assets
  • $722Long-term assets (5+ years)
  • $62,834Average Assets, year-to-date
  • $1,068Average Assets, quarterly
  • $66,562Volatile liabilities
  • $66,687Insider loans
  • $45,813FHLB advances
  • $67,325Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,369Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,037Restructured Loans and leases
  • $730Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,812Total interest income
  • $486Total interest expense
  • $2,326Net interest income
  • $635Provision for loan and lease losses
  • $102Total noninterest income
  • $0Fiduciary activities
  • $70Service charges on deposit accounts
  • $0Trading account gains & fees
  • $32Additional noninterest income
  • $1,629Total noninterest expense
  • $978Salaries and employee benefits
  • $139Premises and equipment expense
  • $512Additional noninterest expense
  • $164Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $164Income before extraordinary items
  • $0Extraordinary gains - net
  • $164Net income attributable to bank
  • $0Net charge-offs
  • $164Cash dividends
  • $370Sale, conversion, retirement of capital stock, net
  • $616Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.48%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 3.71%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 2.60%Noninterest expense to earning assets
  • 0.25%Net operating income to assets
  • 0.25%Return on assets (ROA)
  • 0.25%Pretax return on assets
  • 1.19%Return on equity (ROE)
  • -3.28%Retained earnings to average equity (YTD only)
  • 0.81%Net charge-offs to loans
  • 171.62%Credit loss provision to net charge-offs
  • 2.16%Efficiency ratio
  • 67,092Assets per employee
  • 5.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 375.61%Loss allowance to loans
  • 3.37%Loss allowance to noncurrent loans
  • 242.72%Noncurrent assets plus other real estate owned to assets
  • 0.94%Noncurrent loans to loans
  • 1.39%Net loans and leases to deposits
  • 80.91%Net loans and leases to core deposits
  • 87.15%Equity capital to assets
  • 20.24%Core capital (leverage) ratio
  • 19.86%Tier 1 risk-based capital ratio
  • 29.18%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $66,562Average earning assets
  • $13,777Average equity
  • $62,729Average loans

List of branches

  • 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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