The First State Bank of Rosemount in Rosemount, Minnesota (MN)
| The First State Bank of Rosemount | |
|---|---|
| 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 WWW: http://www.fsbrosemount.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 16 |
| Total assets | $64,044 |
| Cash and due from depository institutions | $3,206 |
| Interest-bearing balances | $0 |
| Securities | $30,267 |
| Federal funds sold & reverse repurchase agreements | $5,000 |
| Net loans & leases | $23,568 |
| Loan loss allowance | $380 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $396 |
| Other real estate owned | $741 |
| Goodwill and other intangibles | $0 |
| All other assets | $866 |
| Life insurance assets | $64,044 |
| Total liabilities and capital | $58,339 |
| Total liabilities | $57,980 |
| Total deposits | $45,824 |
| Interest-bearing deposits | $57,980 |
| Deposits held in domestic offices | $89 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $359 |
| All other liabilities | $5,705 |
| Total equity capital | $5,705 |
| Total bank equity capital | $5,705 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $2,400 |
| Undivided profits | $3,205 |
| Memoranda | |
| 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 | $1,175 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $316 |
| Average Assets, year-to-date | $58,835 |
| Average Assets, quarterly | $10,378 |
| Volatile liabilities | $60,683 |
| Insider loans | $63,104 |
| FHLB advances | $31,546 |
| Loans and leases held for sale | $62,850 |
| Unused loan commitments | $57 |
| Tier 1 (core) risk-based capital | $57 |
| Tier 2 risk-based capital | $5,425 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $4,115 |
| Derivatives | $2 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,321 |
| Total interest expense | $347 |
| Net interest income | $1,974 |
| Provision for loan and lease losses | $180 |
| Total noninterest income | $242 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $117 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $125 |
| Total noninterest expense | $2,031 |
| Salaries and employee benefits | $1,121 |
| Premises and equipment expense | $198 |
| Additional noninterest expense | $712 |
| Pre-tax net operating income | $5 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $2 |
| Income before extraordinary items | $3 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3 |
| Net charge-offs | $0 |
| Cash dividends | $3 |
| Sale, conversion, retirement of capital stock, net | $451 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.19% |
| Cost of funding earning assets | 0.63% |
| Net interest margin | 3.56% |
| Noninterest income to earning assets | 0.44% |
| Noninterest expense to earning assets | 3.66% |
| Net operating income to assets | 0.00% |
| Return on assets (ROA) | 0.00% |
| Pretax return on assets | 0.01% |
| Return on equity (ROE) | 0.05% |
| Retained earnings to average equity (YTD only) | 0.05% |
| Net charge-offs to loans | 1.79% |
| Credit loss provision to net charge-offs | 39.91% |
| Efficiency ratio | 0.41% |
| Assets per employee | $91,652 |
| Cash dividends to net income (YTD only) | 4.00% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.59% |
| Noncurrent assets plus other real estate owned to assets | 32.34% |
| Noncurrent loans to loans | 2.99% |
| Net loans and leases to deposits | 4.91% |
| Net loans and leases to core deposits | 40.65% |
| Equity capital to assets | 41.67% |
| Core capital (leverage) ratio | 8.91% |
| Tier 1 risk-based capital ratio | 8.63% |
| Total risk-based capital ratio | 17.20% |
| Memoranda | |
| Average assets | $18 |
| Average earning assets | $60,683 |
| Average equity | $5,688 |
| Average loans | $55,435 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6253 | The First State Bank Of Rosemount | 3025 145th Street West, Rosemount, MN 55068 | January 01, 1909 | Full Service Brick and Mortar |  |
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