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

The State Bank of Faribault - Overview

  • General
  • FDIC Certificate #: 1610
    Status: Active
    Federal Reserve ID: 46053
    Bank Holding Company (Regulatory Top Holder): Faribault Bancshares, Inc. (RSSDID: 1126158, Location: Faribault, MN)
    Date Established: November 14, 1919
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 12721
    FDIC's unique #: 1053
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 14, 2009
    Last Structure Change Process Date: December 16, 2009
    Last Data Update: December 16, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 428 Central Avenue, Faribault, MN 55021
    County: Rice
    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): Faribault-Northfield, MN (#22060)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $182.5 mil
    Equity capital: $21.8 mil
    Deposits held in domestic offices: $159.9 mil
    Return on assets (ROA): 0.57% ($1.0 mil)
    Quarterly return on assets: 0.07% ($0.1 mil)
    Return on Equity (ROE): 4.96% ($1.1 mil)
    Quarterly return on equity: 0.62% ($0.1 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.57% ($1,040.1 mil)
    Quarterly Pretax return on assets: 0.07% ($127.7 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
  • 46Total employees (full-time equivalent)
  • $182,478Total assets
  • $9,118Cash and due from depository institutions
  • $2,721Interest-bearing balances
  • $69,680Securities
  • $3,295Federal funds sold & reverse repurchase agreements
  • $85,457Net loans & leases
  • $1,899Loan loss allowance
  • $0Trading account assets
  • $7,357Bank premises and fixed assets
  • $2,229Other real estate owned
  • $0Goodwill and other intangibles
  • $182,478Life insurance assets
  • $5,342All other assets
  • $160,719Total liabilities and capital
  • $159,868Total liabilities
  • $138,366Total deposits
  • $159,868Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $851Subordinated debt
  • $21,759All other liabilities
  • $21,759Total equity capital
  • $21,759Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $7,000Surplus
  • $13,759Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $305Income earned, not collected on loans
  • $0Earning assets
  • $811Long-term assets (5+ years)
  • $161,153Average Assets, year-to-date
  • $67,961Average Assets, quarterly
  • $182,236Volatile liabilities
  • $184,983Insider loans
  • $130,023FHLB advances
  • $184,447Loans and leases held for sale
  • $1,615Unused loan commitments
  • $1,615Tier 1 (core) risk-based capital
  • $19,715Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,190Restructured Loans and leases
  • $803Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,674Total interest income
  • $1,595Total interest expense
  • $6,079Net interest income
  • $798Provision for loan and lease losses
  • $1,428Total noninterest income
  • $0Fiduciary activities
  • $603Service charges on deposit accounts
  • $0Trading account gains & fees
  • $825Additional noninterest income
  • $5,851Total noninterest expense
  • $3,331Salaries and employee benefits
  • $877Premises and equipment expense
  • $1,643Additional noninterest expense
  • $858Pre-tax net operating income
  • $177Securities gains (losses)
  • $5Applicable income taxes
  • $1,030Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,030Net income attributable to bank
  • $0Net charge-offs
  • $1,030Cash dividends
  • $982Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 3.78%Net interest margin
  • 0.89%Noninterest income to earning assets
  • 3.64%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.57%Pretax return on assets
  • 4.96%Return on equity (ROE)
  • 4.96%Retained earnings to average equity (YTD only)
  • 1.13%Net charge-offs to loans
  • 81.26%Credit loss provision to net charge-offs
  • 1.69%Efficiency ratio
  • 77,941Assets per employee
  • 3.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.17%Loss allowance to noncurrent loans
  • 622.62%Noncurrent assets plus other real estate owned to assets
  • 1.39%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 53.45%Net loans and leases to core deposits
  • 57.73%Equity capital to assets
  • 11.92%Core capital (leverage) ratio
  • 10.69%Tier 1 risk-based capital ratio
  • 15.16%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $182,236Average earning assets
  • $20,760Average equity
  • $160,648Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01053The State Bank Of Faribault428 Central Avenue, Faribault, MN 55021November 14, 1919Full Service Brick and Mortar
    1189906Faribault Branch202 Western Avenue, Faribault, MN 55021November 26, 1991Full Service Brick and Mortar

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