Franklin State Bank in Franklin, Minnesota (MN)
| Franklin State Bank | |
|---|---|
| General | FDIC Certificate #: 16778 Status: Active Federal Reserve ID: 48150 Date Established: May 08, 1936 WWW: http://www.franklinstatebank.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 #: 10889 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: March 23, 1949 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: 278 2nd Ave E., Franklin, MN 55333 County: Renville 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: $25.9 mil Equity capital: $3.2 mil Deposits held in domestic offices: $22.4 mil Return on assets (ROA): 0.71% ($0.2 mil) Quarterly return on assets: 0.58% ($0.2 mil) Return on Equity (ROE): 5.98% ($0.2 mil) Quarterly return on equity: 4.82% ($0.1 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 1.15% ($297.9 mil) Quarterly Pretax return on assets: 1.06% ($274.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 5 |
| Total assets | $25,905 |
| Cash and due from depository institutions | $6,380 |
| Interest-bearing balances | $4,761 |
| Securities | $2,665 |
| Federal funds sold & reverse repurchase agreements | $376 |
| Net loans & leases | $15,745 |
| Loan loss allowance | $151 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $72 |
| Other real estate owned | $46 |
| Goodwill and other intangibles | $0 |
| All other assets | $621 |
| Life insurance assets | $25,905 |
| Total liabilities and capital | $22,735 |
| Total liabilities | $22,413 |
| Total deposits | $17,621 |
| Interest-bearing deposits | $22,413 |
| Deposits held in domestic offices | $92 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $125 |
| Other borrowed funds | $0 |
| Subordinated debt | $197 |
| All other liabilities | $3,170 |
| Total equity capital | $3,170 |
| Total bank equity capital | $3,170 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $2,400 |
| Undivided profits | $670 |
| 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 | $28 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $259 |
| Average Assets, year-to-date | $23,547 |
| Average Assets, quarterly | $3,027 |
| Volatile liabilities | $25,849 |
| Insider loans | $26,103 |
| FHLB advances | $15,879 |
| Loans and leases held for sale | $25,998 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $3,115 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $3,105 |
| Derivatives | $92 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,062 |
| Total interest expense | $242 |
| Net interest income | $820 |
| Provision for loan and lease losses | $12 |
| Total noninterest income | $55 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $37 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $18 |
| Total noninterest expense | $567 |
| Salaries and employee benefits | $335 |
| Premises and equipment expense | $89 |
| Additional noninterest expense | $143 |
| Pre-tax net operating income | $296 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $113 |
| Income before extraordinary items | $183 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $183 |
| Net charge-offs | $0 |
| Cash dividends | $183 |
| Sale, conversion, retirement of capital stock, net | $13 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.54% |
| Cost of funding earning assets | 1.03% |
| Net interest margin | 3.50% |
| Noninterest income to earning assets | 0.24% |
| Noninterest expense to earning assets | 2.42% |
| Net operating income to assets | 0.71% |
| Return on assets (ROA) | 0.71% |
| Pretax return on assets | 1.15% |
| Return on equity (ROE) | 5.98% |
| Retained earnings to average equity (YTD only) | 5.98% |
| Net charge-offs to loans | 0.08% |
| Credit loss provision to net charge-offs | 92.31% |
| Efficiency ratio | 23.69% |
| Assets per employee | $64,800 |
| Cash dividends to net income (YTD only) | 5.18% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.95% |
| Noncurrent assets plus other real estate owned to assets | 539.29% |
| Noncurrent loans to loans | 0.29% |
| Net loans and leases to deposits | 0.18% |
| Net loans and leases to core deposits | 70.25% |
| Equity capital to assets | 72.52% |
| Core capital (leverage) ratio | 12.24% |
| Tier 1 risk-based capital ratio | 11.98% |
| Total risk-based capital ratio | 19.62% |
| Memoranda | |
| Average assets | $21 |
| Average earning assets | $25,849 |
| Average equity | $3,061 |
| Average loans | $23,402 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 10889 | Franklin State Bank | 278 2nd Ave E., Franklin, MN 55333 | May 08, 1936 | Full Service Brick and Mortar |  |
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