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

Winthrop State Bank - Overview

  • General
  • FDIC Certificate #: 15417
    Status: Active
    Federal Reserve ID: 219857
    Bank Holding Company (Regulatory Top Holder): Winthrop Bancshares, Inc. (RSSDID: 1126297, Location: Winthrop, MN)
    Date Established: October 10, 1903
    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 #: 9733
    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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: August 31, 1936
    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: 102 E. 2nd St., Winthrop, MN 55396
    County: Sibley
    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
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $22.7 mil
    Equity capital: $2.7 mil
    Deposits held in domestic offices: $19.9 mil
    Return on assets (ROA): 0.60% ($0.1 mil)
    Quarterly return on assets: 0.35% ($0.1 mil)
    Return on Equity (ROE): 4.77% ($0.1 mil)
    Quarterly return on equity: 2.79% ($0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.60% ($135.9 mil)
    Quarterly Pretax return on assets: 0.35% ($79.3 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
  • 7Total employees (full-time equivalent)
  • $22,658Total assets
  • $6,377Cash and due from depository institutions
  • $3,416Interest-bearing balances
  • $10,460Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $4,722Net loans & leases
  • $116Loan loss allowance
  • $0Trading account assets
  • $363Bank premises and fixed assets
  • $352Other real estate owned
  • $0Goodwill and other intangibles
  • $22,658Life insurance assets
  • $384All other assets
  • $19,935Total liabilities and capital
  • $19,910Total liabilities
  • $15,256Total deposits
  • $19,910Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $25Subordinated debt
  • $2,723All other liabilities
  • $2,723Total equity capital
  • $2,723Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $1,200Surplus
  • $1,423Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1Income earned, not collected on loans
  • $0Earning assets
  • $157Long-term assets (5+ years)
  • $18,598Average Assets, year-to-date
  • $9,991Average Assets, quarterly
  • $20,468Volatile liabilities
  • $21,724Insider loans
  • $7,578FHLB advances
  • $21,645Loans and leases held for sale
  • $184Unused loan commitments
  • $184Tier 1 (core) risk-based capital
  • $2,366Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $56Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $691Total interest income
  • $53Total interest expense
  • $638Net interest income
  • $12Provision for loan and lease losses
  • $74Total noninterest income
  • $0Fiduciary activities
  • $62Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12Additional noninterest income
  • $596Total noninterest expense
  • $358Salaries and employee benefits
  • $88Premises and equipment expense
  • $150Additional noninterest expense
  • $104Pre-tax net operating income
  • $18Securities gains (losses)
  • $0Applicable income taxes
  • $122Income before extraordinary items
  • $0Extraordinary gains - net
  • $122Net income attributable to bank
  • $0Net charge-offs
  • $122Cash dividends
  • $9Sale, conversion, retirement of capital stock, net
  • $24Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.12%Yield on earning assets
  • 0.32%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.55%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 4.77%Return on equity (ROE)
  • 3.83%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 133.33%Credit loss provision to net charge-offs
  • 12.89%Efficiency ratio
  • 83,708Assets per employee
  • 3.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.67%Loss allowance to loans
  • 2.40%Loss allowance to noncurrent loans
  • 11600.00%Noncurrent assets plus other real estate owned to assets
  • 1.56%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 23.72%Net loans and leases to core deposits
  • 23.72%Equity capital to assets
  • 12.02%Core capital (leverage) ratio
  • 10.93%Tier 1 risk-based capital ratio
  • 31.22%Total risk-based capital ratio
  • Memoranda
  • $32Average assets
  • $20,468Average earning assets
  • $2,556Average equity
  • $16,772Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09733Winthrop State Bank102 E. 2nd St., Winthrop, MN 55396October 10, 1903Full Service Brick and Mortar

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