Triumph State Bank in Trimont, Minnesota (MN)
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| Triumph State Bank | |
|---|---|
| General | FDIC Certificate #: 1906 Status: Active Federal Reserve ID: 803256 Bank Holding Company (Regulatory Top Holder): Trimont Bancorporation (RSSDID: 1127306, Location: Trimont, MN) Date Established: October 01, 1901 WWW: http://www.triumphbanks.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Domestic: 3, Interstate: No) FDIC's unique #: 1271 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: 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: 519 East Main, Trimont, MN 56176 County: Martin 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 Core Based Statistical Area (CBSA): Fairmont, MN (#21860) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $59.0 mil Equity capital: $5.2 mil Deposits held in domestic offices: $53.0 mil Return on assets (ROA): 0.05% ($0.0 mil) Quarterly return on assets: 0.01% ($0.0 mil) Return on Equity (ROE): 0.54% ($0.0 mil) Quarterly return on equity: 0.08% ($0.0 mil) Net income: $0.0 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.20% ($117.9 mil) Quarterly Pretax return on assets: -0.20% (-$117.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 18 |
| Total assets | $58,957 |
| Cash and due from depository institutions | $5,502 |
| Interest-bearing balances | $2,455 |
| Securities | $8,932 |
| Federal funds sold & reverse repurchase agreements | $4,300 |
| Net loans & leases | $38,189 |
| Loan loss allowance | $599 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $693 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $238 |
| All other assets | $1,103 |
| Life insurance assets | $58,957 |
| Total liabilities and capital | $53,711 |
| Total liabilities | $52,990 |
| Total deposits | $40,666 |
| Interest-bearing deposits | $52,990 |
| 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 | $721 |
| All other liabilities | $5,246 |
| Total equity capital | $5,246 |
| Total bank equity capital | $5,246 |
| Perpetual preferred stock | $0 |
| Common stock | $40 |
| Surplus | $3,960 |
| Undivided profits | $1,246 |
| 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 | $1,383 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $554 |
| Average Assets, year-to-date | $53,876 |
| Average Assets, quarterly | $3,633 |
| Volatile liabilities | $58,378 |
| Insider loans | $60,350 |
| FHLB advances | $43,267 |
| Loans and leases held for sale | $61,600 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $4,897 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $7,181 |
| Derivatives | $1,851 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,641 |
| Total interest expense | $529 |
| Net interest income | $2,112 |
| Provision for loan and lease losses | $669 |
| Total noninterest income | $278 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $160 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $118 |
| Total noninterest expense | $1,602 |
| Salaries and employee benefits | $896 |
| Premises and equipment expense | $181 |
| Additional noninterest expense | $525 |
| Pre-tax net operating income | $119 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $91 |
| Income before extraordinary items | $28 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $28 |
| Net charge-offs | $0 |
| Cash dividends | $28 |
| Sale, conversion, retirement of capital stock, net | $474 |
| Net operating income | $120 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.15% |
| Cost of funding earning assets | 1.03% |
| Net interest margin | 4.12% |
| Noninterest income to earning assets | 0.54% |
| Noninterest expense to earning assets | 3.13% |
| Net operating income to assets | 0.05% |
| Return on assets (ROA) | 0.05% |
| Pretax return on assets | 0.20% |
| Return on equity (ROE) | 0.54% |
| Retained earnings to average equity (YTD only) | -1.76% |
| Net charge-offs to loans | 1.26% |
| Credit loss provision to net charge-offs | 141.14% |
| Efficiency ratio | 1.66% |
| Assets per employee | $66,234 |
| Cash dividends to net income (YTD only) | 3.28% |
| Condition Ratios (%) | |
| Loss allowance to loans | 428.57% |
| Loss allowance to noncurrent loans | 1.54% |
| Noncurrent assets plus other real estate owned to assets | 43.31% |
| Noncurrent loans to loans | 2.35% |
| Net loans and leases to deposits | 3.57% |
| Net loans and leases to core deposits | 72.07% |
| Equity capital to assets | 74.83% |
| Core capital (leverage) ratio | 8.90% |
| Tier 1 risk-based capital ratio | 7.95% |
| Total risk-based capital ratio | 11.32% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $58,378 |
| Average equity | $5,223 |
| Average loans | $51,241 |
| 3 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 1271 | Triumph State Bank | 519 East Main, Trimont, MN 56176 | October 01, 1901 | Full Service Brick and Mortar |  |
| 1 | 1045 | Butterfield Branch | 100 Second Street North, Butterfield, MN 56120 | January 01, 1904 | Full Service Brick and Mortar |  |
| 2 | 190414 | Darfur Branch | 220 North Adrian, Darfur, MN 56022 | August 09, 1999 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.