The First State Bank of Red Wing in Red Wing, Minnesota (MN)

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The First State Bank of Red Wing routing number info

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The First State Bank of Red Wing
GeneralFDIC Certificate #: 8191
Status: Active
Federal Reserve ID: 818559
Bank Holding Company (Regulatory Top Holder): Noble Bank Holding Company, Inc. (RSSDID: 1127548, Location: Red Wing, MN)
Date Established: October 14, 1915
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 5217
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: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: Febuary 18, 2011
Last Structure Change Process Date: March 08, 2011
Last Data Update: March 08, 2011
Data Source Date: April 05, 2012
LocationAddress: 3209 South Service Drive, Red Wing, MN 55066
County: Goodhue
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
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): Red Wing, MN (#39860)
CBSA Micro Statistical Area: Yes
History of ChangesOffice Purchased
Financial SummaryTotal assets: $71.2 mil
Equity capital: $7.2 mil
Deposits held in domestic offices: $63.0 mil
Return on assets (ROA): 0.59% ($0.4 mil)
Quarterly return on assets: 1.06% ($0.8 mil)
Return on Equity (ROE): 5.71% ($0.4 mil)
Quarterly return on equity: 10.46% ($0.7 mil)
Net income: $0.4 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.87% ($619.1 mil)
Quarterly Pretax return on assets: 1.72% ($1,223.9 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)14
Total assets$71,159
Cash and due from depository institutions$3,126
Interest-bearing balances$1,960
Federal funds sold & reverse repurchase agreements$3,359
Net loans & leases$21,236
Loan loss allowance $160
Trading account assets$0
Bank premises and fixed assets$1,335
Other real estate owned$0
Goodwill and other intangibles$450
All other assets$652
Life insurance assets$71,159
Total liabilities and capital$63,929
Total liabilities$63,031
Total deposits$56,342
Interest-bearing deposits$63,031
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $898
All other liabilities $7,230
Total equity capital$7,230
Total bank equity capital$7,230
Perpetual preferred stock$0
Common stock$100
Undivided profits $4,130
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 $1,390
Earning assets $0
Long-term assets (5+ years) $520
Average Assets, year-to-date $67,556
Average Assets, quarterly $50,998
Volatile liabilities $64,870
Insider loans $70,701
FHLB advances $33,402
Loans and leases held for sale $67,879
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $6,389
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,538
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,822
Total interest expense $659
Net interest income $2,163
Provision for loan and lease losses $298
Total noninterest income $192
Fiduciary activities $0
Service charges on deposit accounts $99
Trading account gains & fees $0
Additional noninterest income $93
Total noninterest expense $1,492
Salaries and employee benefits $653
Premises and equipment expense $206
Additional noninterest expense $633
Pre-tax net operating income $565
Securities gains (losses) $0
Applicable income taxes $182
Income before extraordinary items $383
Extraordinary gains - net $0
Net income attributable to bank $383
Net charge-offs $0
Cash dividends $383
Sale, conversion, retirement of capital stock, net $298
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.68%
Cost of funding earning assets 1.09%
Net interest margin 3.59%
Noninterest income to earning assets 0.32%
Noninterest expense to earning assets 2.47%
Net operating income to assets 0.59%
Return on assets (ROA) 0.59%
Pretax return on assets 0.87%
Return on equity (ROE) 5.71%
Retained earnings to average equity (YTD only) 5.71%
Net charge-offs to loans 1.40%
Credit loss provision to net charge-offs 100.00%
Efficiency ratio2.90%
Assets per employee$63,355
Cash dividends to net income (YTD only)5.08%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.75%
Noncurrent assets plus other real estate owned to assets 11.51%
Noncurrent loans to loans 1.95%
Net loans and leases to deposits6.50%
Net loans and leases to core deposits 33.69%
Equity capital to assets 35.22%
Core capital (leverage) ratio 10.16%
Tier 1 risk-based capital ratio 9.41%
Total risk-based capital ratio 19.13%
Average assets$20
Average earning assets$64,870
Average equity $6,709
Average loans $60,309
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3 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05217The First State Bank Of Red Wing3209 South Service Drive, Red Wing, MN 55066October 14, 1915Full Service Brick and Mortar
16240Mazeppa BranchFirst Street And State Highway 60, Mazeppa, MN 55956January 01, 1909Full Service Brick and Mortar
212241Medford Branch115 First Street, N.E., Medford, MN 55049October 16, 1912Full Service Brick and Mortar
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