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


The Wanda State Bank - Overview

  • General
  • FDIC Certificate #: 1908
    Status: Active
    Federal Reserve ID: 190956
    Date Established: June 01, 1932
    WWW: http://www.wandastatebank.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 #: 1273
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 27, 2010
    Last Structure Change Process Date: May 27, 2010
    Last Data Update: May 27, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 121 W Main, Wanda, MN 56294
    County: Redwood
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $121.7 mil
    Equity capital: $18.3 mil
    Deposits held in domestic offices: $101.9 mil
    Return on assets (ROA): 0.71% ($0.9 mil)
    Quarterly return on assets: -0.49% (-$0.6 mil)
    Return on Equity (ROE): 4.54% ($0.8 mil)
    Quarterly return on equity: -3.18% (-$0.6 mil)
    Net income: $0.8 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.86% ($1,046.3 mil)
    Quarterly Pretax return on assets: -0.47% (-$571.8 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
  • 13Total employees (full-time equivalent)
  • $121,657Total assets
  • $11,264Cash and due from depository institutions
  • $8,330Interest-bearing balances
  • $44,795Securities
  • $1,573Federal funds sold & reverse repurchase agreements
  • $57,335Net loans & leases
  • $929Loan loss allowance
  • $0Trading account assets
  • $335Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $121,657Life insurance assets
  • $6,355All other assets
  • $103,367Total liabilities and capital
  • $101,948Total liabilities
  • $77,299Total deposits
  • $101,948Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,419Subordinated debt
  • $18,290All other liabilities
  • $18,290Total equity capital
  • $18,290Total bank equity capital
  • $0Perpetual preferred stock
  • $360Common stock
  • $6,700Surplus
  • $11,230Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $412Income earned, not collected on loans
  • $0Earning assets
  • $1,475Long-term assets (5+ years)
  • $112,033Average Assets, year-to-date
  • $39,396Average Assets, quarterly
  • $113,902Volatile liabilities
  • $119,742Insider loans
  • $72,811FHLB advances
  • $119,394Loans and leases held for sale
  • $4,030Unused loan commitments
  • $4,030Tier 1 (core) risk-based capital
  • $17,255Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,770Restructured Loans and leases
  • $372Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,474Total interest income
  • $1,076Total interest expense
  • $3,398Net interest income
  • $125Provision for loan and lease losses
  • $194Total noninterest income
  • $0Fiduciary activities
  • $25Service charges on deposit accounts
  • $0Trading account gains & fees
  • $169Additional noninterest income
  • $2,488Total noninterest expense
  • $1,775Salaries and employee benefits
  • $226Premises and equipment expense
  • $487Additional noninterest expense
  • $979Pre-tax net operating income
  • $0Securities gains (losses)
  • $171Applicable income taxes
  • $808Income before extraordinary items
  • $0Extraordinary gains - net
  • $808Net income attributable to bank
  • $0Net charge-offs
  • $808Cash dividends
  • -$7Sale, conversion, retirement of capital stock, net
  • $162Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.24%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 3.22%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 2.36%Noninterest expense to earning assets
  • 0.71%Net operating income to assets
  • 0.71%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 4.54%Return on equity (ROE)
  • 3.63%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -1785.71%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 69,265Assets per employee
  • 9.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.05%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 225.49%Noncurrent assets plus other real estate owned to assets
  • 0.34%Noncurrent loans to loans
  • 0.71%Net loans and leases to deposits
  • 56.24%Net loans and leases to core deposits
  • 59.00%Equity capital to assets
  • 15.03%Core capital (leverage) ratio
  • 14.45%Tier 1 risk-based capital ratio
  • 23.70%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $113,902Average earning assets
  • $17,785Average equity
  • $105,445Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01273The Wanda State Bank121 W Main, Wanda, MN 56294June 01, 1932Full Service Brick and Mortar

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

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Wanda State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents