Triumph State Bank in Trimont, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Triumph State Bank - Overview

  • 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
    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)

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
  • 18Total employees (full-time equivalent)
  • $58,957Total assets
  • $5,502Cash and due from depository institutions
  • $2,455Interest-bearing balances
  • $8,932Securities
  • $4,300Federal funds sold & reverse repurchase agreements
  • $38,189Net loans & leases
  • $599Loan loss allowance
  • $0Trading account assets
  • $693Bank premises and fixed assets
  • $0Other real estate owned
  • $238Goodwill and other intangibles
  • $58,957Life insurance assets
  • $1,103All other assets
  • $53,711Total liabilities and capital
  • $52,990Total liabilities
  • $40,666Total deposits
  • $52,990Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $721Subordinated debt
  • $5,246All other liabilities
  • $5,246Total equity capital
  • $5,246Total bank equity capital
  • $0Perpetual preferred stock
  • $40Common stock
  • $3,960Surplus
  • $1,246Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,383Income earned, not collected on loans
  • $0Earning assets
  • $554Long-term assets (5+ years)
  • $53,876Average Assets, year-to-date
  • $3,633Average Assets, quarterly
  • $58,378Volatile liabilities
  • $60,350Insider loans
  • $43,267FHLB advances
  • $61,600Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,897Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,181Restructured Loans and leases
  • $1,851Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,641Total interest income
  • $529Total interest expense
  • $2,112Net interest income
  • $669Provision for loan and lease losses
  • $278Total noninterest income
  • $0Fiduciary activities
  • $160Service charges on deposit accounts
  • $0Trading account gains & fees
  • $118Additional noninterest income
  • $1,602Total noninterest expense
  • $896Salaries and employee benefits
  • $181Premises and equipment expense
  • $525Additional noninterest expense
  • $119Pre-tax net operating income
  • $0Securities gains (losses)
  • $91Applicable income taxes
  • $28Income before extraordinary items
  • $0Extraordinary gains - net
  • $28Net income attributable to bank
  • $0Net charge-offs
  • $28Cash dividends
  • $474Sale, conversion, retirement of capital stock, net
  • $120Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.15%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 4.12%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • 0.05%Net operating income to assets
  • 0.05%Return on assets (ROA)
  • 0.20%Pretax return on assets
  • 0.54%Return on equity (ROE)
  • -1.76%Retained earnings to average equity (YTD only)
  • 1.26%Net charge-offs to loans
  • 141.14%Credit loss provision to net charge-offs
  • 1.66%Efficiency ratio
  • 66,234Assets per employee
  • 3.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 428.57%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 43.31%Noncurrent assets plus other real estate owned to assets
  • 2.35%Noncurrent loans to loans
  • 3.57%Net loans and leases to deposits
  • 72.07%Net loans and leases to core deposits
  • 74.83%Equity capital to assets
  • 8.90%Core capital (leverage) ratio
  • 7.95%Tier 1 risk-based capital ratio
  • 11.32%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $58,378Average earning assets
  • $5,223Average equity
  • $51,241Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01271Triumph State Bank519 East Main, Trimont, MN 56176October 01, 1901Full Service Brick and Mortar
    11045Butterfield Branch100 Second Street North, Butterfield, MN 56120January 01, 1904Full Service Brick and Mortar
    2190414Darfur Branch220 North Adrian, Darfur, MN 56022August 09, 1999Full Service Brick and Mortar

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