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

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

  • General
  • FDIC Certificate #: 9769
    Status: Active
    Federal Reserve ID: 760957
    Bank Holding Company (Regulatory Top Holder): Higgins Bancorporation, Inc. (RSSDID: 2380948, Location: Rosemount, MN)
    Date Established: January 01, 1909
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 6253
    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: 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: 3025 145th Street West, Rosemount, MN 55068
    County: Dakota
    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
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $64.0 mil
    Equity capital: $5.7 mil
    Deposits held in domestic offices: $58.0 mil
    Return on assets (ROA): 0.00% ($0.0 mil)
    Quarterly return on assets: -0.06% (-$0.0 mil)
    Return on Equity (ROE): 0.05% ($0.0 mil)
    Quarterly return on equity: -0.70% (-$0.0 mil)
    Net income: $0.0 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.01% ($6.4 mil)
    Quarterly Pretax return on assets: -0.05% (-$32.0 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
  • 16Total employees (full-time equivalent)
  • $64,044Total assets
  • $3,206Cash and due from depository institutions
  • $0Interest-bearing balances
  • $30,267Securities
  • $5,000Federal funds sold & reverse repurchase agreements
  • $23,568Net loans & leases
  • $380Loan loss allowance
  • $0Trading account assets
  • $396Bank premises and fixed assets
  • $741Other real estate owned
  • $0Goodwill and other intangibles
  • $64,044Life insurance assets
  • $866All other assets
  • $58,339Total liabilities and capital
  • $57,980Total liabilities
  • $45,824Total deposits
  • $57,980Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $359Subordinated debt
  • $5,705All other liabilities
  • $5,705Total equity capital
  • $5,705Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $2,400Surplus
  • $3,205Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,175Income earned, not collected on loans
  • $0Earning assets
  • $316Long-term assets (5+ years)
  • $58,835Average Assets, year-to-date
  • $10,378Average Assets, quarterly
  • $60,683Volatile liabilities
  • $63,104Insider loans
  • $31,546FHLB advances
  • $62,850Loans and leases held for sale
  • $57Unused loan commitments
  • $57Tier 1 (core) risk-based capital
  • $5,425Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,115Restructured Loans and leases
  • $2Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,321Total interest income
  • $347Total interest expense
  • $1,974Net interest income
  • $180Provision for loan and lease losses
  • $242Total noninterest income
  • $0Fiduciary activities
  • $117Service charges on deposit accounts
  • $0Trading account gains & fees
  • $125Additional noninterest income
  • $2,031Total noninterest expense
  • $1,121Salaries and employee benefits
  • $198Premises and equipment expense
  • $712Additional noninterest expense
  • $5Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • $3Income before extraordinary items
  • $0Extraordinary gains - net
  • $3Net income attributable to bank
  • $0Net charge-offs
  • $3Cash dividends
  • $451Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.19%Yield on earning assets
  • 0.63%Cost of funding earning assets
  • 3.56%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.66%Noninterest expense to earning assets
  • 0.00%Net operating income to assets
  • 0.00%Return on assets (ROA)
  • 0.01%Pretax return on assets
  • 0.05%Return on equity (ROE)
  • 0.05%Retained earnings to average equity (YTD only)
  • 1.79%Net charge-offs to loans
  • 39.91%Credit loss provision to net charge-offs
  • 0.41%Efficiency ratio
  • 91,652Assets per employee
  • 4.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 32.34%Noncurrent assets plus other real estate owned to assets
  • 2.99%Noncurrent loans to loans
  • 4.91%Net loans and leases to deposits
  • 40.65%Net loans and leases to core deposits
  • 41.67%Equity capital to assets
  • 8.91%Core capital (leverage) ratio
  • 8.63%Tier 1 risk-based capital ratio
  • 17.20%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $60,683Average earning assets
  • $5,688Average equity
  • $55,435Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06253The First State Bank Of Rosemount3025 145th Street West, Rosemount, MN 55068January 01, 1909Full Service Brick and Mortar

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