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

Welcome State Bank - Overview

  • General
  • FDIC Certificate #: 11417
    Status: Active
    Federal Reserve ID: 215653
    Bank Holding Company (Regulatory Top Holder): Welcome Bancshares, Inc. (RSSDID: 1126073, Location: Welcome, MN)
    Date Established: January 01, 1913
    WWW: http://www.welcomestatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 7289
    Numeric code: 13
    Regulator: FED
    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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 18, 2007
    Last Structure Change Process Date: January 30, 2007
    Last Data Update: January 30, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 Guide Street North, Welcome, MN 56181
    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
  • Change in Location
  • Financial Summary
  • Total assets: $24.4 mil
    Equity capital: $2.4 mil
    Deposits held in domestic offices: $19.2 mil
    Return on assets (ROA): 1.66% ($0.4 mil)
    Quarterly return on assets: 0.75% ($0.2 mil)
    Return on Equity (ROE): 16.99% ($0.3 mil)
    Quarterly return on equity: 7.66% ($0.2 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 1.66% ($405.4 mil)
    Quarterly Pretax return on assets: 0.75% ($183.1 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
  • 5Total employees (full-time equivalent)
  • $24,419Total assets
  • $5,698Cash and due from depository institutions
  • $964Interest-bearing balances
  • $2,468Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $15,306Net loans & leases
  • $290Loan loss allowance
  • $0Trading account assets
  • $363Bank premises and fixed assets
  • $66Other real estate owned
  • $0Goodwill and other intangibles
  • $24,419Life insurance assets
  • $518All other assets
  • $22,012Total liabilities and capital
  • $19,204Total liabilities
  • $14,724Total deposits
  • $19,204Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,808Subordinated debt
  • $2,407All other liabilities
  • $2,407Total equity capital
  • $2,407Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $1,475Surplus
  • $857Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $254Income earned, not collected on loans
  • $0Earning assets
  • $232Long-term assets (5+ years)
  • $18,738Average Assets, year-to-date
  • $1,272Average Assets, quarterly
  • $23,904Volatile liabilities
  • $24,401Insider loans
  • $20,551FHLB advances
  • $24,721Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,356Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,929Restructured Loans and leases
  • $915Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $987Total interest income
  • $143Total interest expense
  • $844Net interest income
  • $30Provision for loan and lease losses
  • $312Total noninterest income
  • $0Fiduciary activities
  • $105Service charges on deposit accounts
  • $0Trading account gains & fees
  • $207Additional noninterest income
  • $730Total noninterest expense
  • $382Salaries and employee benefits
  • $116Premises and equipment expense
  • $232Additional noninterest expense
  • $396Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $396Income before extraordinary items
  • $0Extraordinary gains - net
  • $396Net income attributable to bank
  • $0Net charge-offs
  • $396Cash dividends
  • $11Sale, conversion, retirement of capital stock, net
  • $316Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.33%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 4.56%Net interest margin
  • 1.69%Noninterest income to earning assets
  • 3.94%Noninterest expense to earning assets
  • 1.66%Net operating income to assets
  • 1.66%Return on assets (ROA)
  • 1.66%Pretax return on assets
  • 16.99%Return on equity (ROE)
  • 3.43%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 272.73%Credit loss provision to net charge-offs
  • 38.73%Efficiency ratio
  • 63,149Assets per employee
  • 4.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 79.80%Loss allowance to loans
  • 1.86%Loss allowance to noncurrent loans
  • 114.17%Noncurrent assets plus other real estate owned to assets
  • 1.31%Noncurrent loans to loans
  • 1.63%Net loans and leases to deposits
  • 79.70%Net loans and leases to core deposits
  • 79.70%Equity capital to assets
  • 9.86%Core capital (leverage) ratio
  • 9.53%Tier 1 risk-based capital ratio
  • 11.46%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $23,904Average earning assets
  • $2,331Average equity
  • $18,510Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07289Welcome State Bank111 Guide Street North, Welcome, MN 56181January 01, 1913Full Service Brick and Mortar

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Welcome 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