The First State Bank of Red Wing in Red Wing, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Office Purchased
  • Financial Summary
  • Total 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
  • 14Total employees (full-time equivalent)
  • $71,159Total assets
  • $3,126Cash and due from depository institutions
  • $1,960Interest-bearing balances
  • $41,001Securities
  • $3,359Federal funds sold & reverse repurchase agreements
  • $21,236Net loans & leases
  • $160Loan loss allowance
  • $0Trading account assets
  • $1,335Bank premises and fixed assets
  • $0Other real estate owned
  • $450Goodwill and other intangibles
  • $71,159Life insurance assets
  • $652All other assets
  • $63,929Total liabilities and capital
  • $63,031Total liabilities
  • $56,342Total deposits
  • $63,031Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $898Subordinated debt
  • $7,230All other liabilities
  • $7,230Total equity capital
  • $7,230Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $3,000Surplus
  • $4,130Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,390Income earned, not collected on loans
  • $0Earning assets
  • $520Long-term assets (5+ years)
  • $67,556Average Assets, year-to-date
  • $50,998Average Assets, quarterly
  • $64,870Volatile liabilities
  • $70,701Insider loans
  • $33,402FHLB advances
  • $67,879Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,389Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,538Restructured Loans and leases
  • $255Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,822Total interest income
  • $659Total interest expense
  • $2,163Net interest income
  • $298Provision for loan and lease losses
  • $192Total noninterest income
  • $0Fiduciary activities
  • $99Service charges on deposit accounts
  • $0Trading account gains & fees
  • $93Additional noninterest income
  • $1,492Total noninterest expense
  • $653Salaries and employee benefits
  • $206Premises and equipment expense
  • $633Additional noninterest expense
  • $565Pre-tax net operating income
  • $0Securities gains (losses)
  • $182Applicable income taxes
  • $383Income before extraordinary items
  • $0Extraordinary gains - net
  • $383Net income attributable to bank
  • $0Net charge-offs
  • $383Cash dividends
  • $298Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.68%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 3.59%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 2.47%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 5.71%Return on equity (ROE)
  • 5.71%Retained earnings to average equity (YTD only)
  • 1.40%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 2.90%Efficiency ratio
  • 63,355Assets per employee
  • 5.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.75%Loss allowance to noncurrent loans
  • 11.51%Noncurrent assets plus other real estate owned to assets
  • 1.95%Noncurrent loans to loans
  • 6.50%Net loans and leases to deposits
  • 33.69%Net loans and leases to core deposits
  • 35.22%Equity capital to assets
  • 10.16%Core capital (leverage) ratio
  • 9.41%Tier 1 risk-based capital ratio
  • 19.13%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $64,870Average earning assets
  • $6,709Average equity
  • $60,309Average loans

List of branches

  • 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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