The First State Bank of Red Wing in city_name, state_name - Detailed Financial Reports, Location

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

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
WWW: http://www.firststatebankredwing.com
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

No	ID	Name	Address	Established	Service Type
0	5217	The First State Bank Of Red Wing	3209 South Service Drive, Red Wing, MN 55066	October 14, 1915	Full Service Brick and Mortar
1	6240	Mazeppa Branch	First Street And State Highway 60, Mazeppa, MN 55956	January 01, 1909	Full Service Brick and Mortar
2	12241	Medford Branch	115 First Street, N.E., Medford, MN 55049	October 16, 1912	Full Service Brick and Mortar

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 - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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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 - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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