Frost State Bank in Frost, Minnesota (MN)
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 6 |
| Total assets | $32,054 |
| Cash and due from depository institutions | $1,836 |
| Interest-bearing balances | $200 |
| Securities | $1,710 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $27,840 |
| Loan loss allowance | $318 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $55 |
| Other real estate owned | $75 |
| Goodwill and other intangibles | $0 |
| All other assets | $538 |
| Life insurance assets | $32,054 |
| Total liabilities and capital | $28,739 |
| Total liabilities | $27,659 |
| Total deposits | $24,569 |
| Interest-bearing deposits | $27,659 |
| Deposits held in domestic offices | $98 |
| % insured (estimated) | 925.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $155 |
| All other liabilities | $3,315 |
| Total equity capital | $3,315 |
| Total bank equity capital | $3,315 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $2,400 |
| Undivided profits | $815 |
| 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 | $373 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $434 |
| Average Assets, year-to-date | $29,750 |
| Average Assets, quarterly | $806 |
| Volatile liabilities | $31,227 |
| Insider loans | $31,553 |
| FHLB advances | $28,338 |
| Loans and leases held for sale | $31,362 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $3,307 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,010 |
| Derivatives | $203 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,663 |
| Total interest expense | $424 |
| Net interest income | $1,239 |
| Provision for loan and lease losses | $100 |
| Total noninterest income | $117 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $99 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $18 |
| Total noninterest expense | $547 |
| Salaries and employee benefits | $333 |
| Premises and equipment expense | $71 |
| Additional noninterest expense | $143 |
| Pre-tax net operating income | $709 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $269 |
| Income before extraordinary items | $440 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $440 |
| Net charge-offs | $0 |
| Cash dividends | $440 |
| Sale, conversion, retirement of capital stock, net | $140 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.72% |
| Cost of funding earning assets | 1.46% |
| Net interest margin | 4.26% |
| Noninterest income to earning assets | 0.40% |
| Noninterest expense to earning assets | 1.88% |
| Net operating income to assets | 1.41% |
| Return on assets (ROA) | 1.41% |
| Pretax return on assets | 2.27% |
| Return on equity (ROE) | 14.27% |
| Retained earnings to average equity (YTD only) | 14.27% |
| Net charge-offs to loans | 0.52% |
| Credit loss provision to net charge-offs | 71.43% |
| Efficiency ratio | 5.78% |
| Assets per employee | $40,339 |
| Cash dividends to net income (YTD only) | 5.34% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.13% |
| Noncurrent assets plus other real estate owned to assets | 85.25% |
| Noncurrent loans to loans | 1.40% |
| Net loans and leases to deposits | 1.32% |
| Net loans and leases to core deposits | 100.65% |
| Equity capital to assets | 124.20% |
| Core capital (leverage) ratio | 10.34% |
| Tier 1 risk-based capital ratio | 10.54% |
| Total risk-based capital ratio | 11.67% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $31,227 |
| Average equity | $3,084 |
| Average loans | $29,077 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 33221 | Frost State Bank | 205 Main St, Frost, MN 56033 | December 20, 1985 | Full Service Brick and Mortar |  |
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