The Wanda State Bank in Wanda, Minnesota (MN)



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The Wanda State Bank routing number info

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The Wanda State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)13
Total assets$121,657
Cash and due from depository institutions$11,264
Interest-bearing balances$8,330
Securities$44,795
Federal funds sold & reverse repurchase agreements$1,573
Net loans & leases$57,335
Loan loss allowance $929
Trading account assets$0
Bank premises and fixed assets$335
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$6,355
Life insurance assets$121,657
Total liabilities and capital$103,367
Total liabilities$101,948
Total deposits$77,299
Interest-bearing deposits$101,948
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,419
All other liabilities $18,290
Total equity capital$18,290
Total bank equity capital$18,290
Perpetual preferred stock$0
Common stock$360
Surplus$6,700
Undivided profits $11,230
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 $412
Earning assets $0
Long-term assets (5+ years) $1,475
Average Assets, year-to-date $112,033
Average Assets, quarterly $39,396
Volatile liabilities $113,902
Insider loans $119,742
FHLB advances $72,811
Loans and leases held for sale $119,394
Unused loan commitments $4,030
Tier 1 (core) risk-based capital $4,030
Tier 2 risk-based capital $17,255
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $20,770
Derivatives$372
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,474
Total interest expense $1,076
Net interest income $3,398
Provision for loan and lease losses $125
Total noninterest income $194
Fiduciary activities $0
Service charges on deposit accounts $25
Trading account gains & fees $0
Additional noninterest income $169
Total noninterest expense $2,488
Salaries and employee benefits $1,775
Premises and equipment expense $226
Additional noninterest expense $487
Pre-tax net operating income $979
Securities gains (losses) $0
Applicable income taxes $171
Income before extraordinary items $808
Extraordinary gains - net $0
Net income attributable to bank $808
Net charge-offs $0
Cash dividends $808
Sale, conversion, retirement of capital stock, net -$7
Net operating income $162
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.24%
Cost of funding earning assets 1.02%
Net interest margin 3.22%
Noninterest income to earning assets 0.18%
Noninterest expense to earning assets 2.36%
Net operating income to assets 0.71%
Return on assets (ROA) 0.71%
Pretax return on assets 0.86%
Return on equity (ROE) 4.54%
Retained earnings to average equity (YTD only) 3.63%
Net charge-offs to loans -0.01%
Credit loss provision to net charge-offs -1785.71%
Efficiency ratio0.00%
Assets per employee$69,265
Cash dividends to net income (YTD only)9.36%
Condition Ratios (%)
Loss allowance to loans 20.05%
Loss allowance to noncurrent loans 1.59%
Noncurrent assets plus other real estate owned to assets 225.49%
Noncurrent loans to loans 0.34%
Net loans and leases to deposits0.71%
Net loans and leases to core deposits 56.24%
Equity capital to assets 59.00%
Core capital (leverage) ratio 15.03%
Tier 1 risk-based capital ratio 14.45%
Total risk-based capital ratio 23.70%
Memoranda
Average assets$25
Average earning assets$113,902
Average equity $17,785
Average loans $105,445
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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
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