Integrity Bank Plus in Wabasso, Minnesota (MN)
| Integrity Bank Plus | |
|---|---|
| General | FDIC Certificate #: 15578 Status: Active Federal Reserve ID: 897451 Bank Holding Company (Regulatory Top Holder): Wabasso Bancshares, Inc. (RSSDID: 1925913, Location: Wabasso, MN) Date Established: October 01, 1934 WWW: http://www.integritybank.com 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 #: 9866 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: January 27, 1938 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: 726 Main Street, Wabasso, MN 56293 County: Redwood 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 | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $52.7 mil Equity capital: $5.2 mil Deposits held in domestic offices: $45.7 mil Return on assets (ROA): 1.12% ($0.6 mil) Quarterly return on assets: 0.55% ($0.3 mil) Return on Equity (ROE): 11.58% ($0.6 mil) Quarterly return on equity: 5.65% ($0.3 mil) Net income: $0.6 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.13% ($595.8 mil) Quarterly Pretax return on assets: 0.55% ($290.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 19 |
| Total assets | $52,725 |
| Cash and due from depository institutions | $2,994 |
| Interest-bearing balances | $123 |
| Securities | $6,790 |
| Federal funds sold & reverse repurchase agreements | $2,745 |
| Net loans & leases | $36,753 |
| Loan loss allowance | $441 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,383 |
| Other real estate owned | $254 |
| Goodwill and other intangibles | $446 |
| All other assets | $1,360 |
| Life insurance assets | $52,725 |
| Total liabilities and capital | $47,522 |
| Total liabilities | $45,708 |
| Total deposits | $33,521 |
| Interest-bearing deposits | $45,708 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $1,725 |
| Other borrowed funds | $0 |
| Subordinated debt | $89 |
| All other liabilities | $5,203 |
| Total equity capital | $5,203 |
| Total bank equity capital | $5,203 |
| Perpetual preferred stock | $0 |
| Common stock | $150 |
| Surplus | $3,690 |
| Undivided profits | $1,363 |
| 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 | $892 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $800 |
| Average Assets, year-to-date | $46,411 |
| Average Assets, quarterly | $8,842 |
| Volatile liabilities | $51,342 |
| Insider loans | $52,665 |
| FHLB advances | $37,082 |
| Loans and leases held for sale | $52,563 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $4,673 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $9,070 |
| Derivatives | $196 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,788 |
| Total interest expense | $411 |
| Net interest income | $2,377 |
| Provision for loan and lease losses | $25 |
| Total noninterest income | $183 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $132 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $51 |
| Total noninterest expense | $1,975 |
| Salaries and employee benefits | $1,293 |
| Premises and equipment expense | $250 |
| Additional noninterest expense | $432 |
| Pre-tax net operating income | $560 |
| Securities gains (losses) | $18 |
| Applicable income taxes | $1 |
| Income before extraordinary items | $577 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $577 |
| Net charge-offs | $0 |
| Cash dividends | $577 |
| Sale, conversion, retirement of capital stock, net | $108 |
| Net operating income | $226 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.99% |
| Cost of funding earning assets | 0.88% |
| Net interest margin | 5.11% |
| Noninterest income to earning assets | 0.39% |
| Noninterest expense to earning assets | 4.24% |
| Net operating income to assets | 1.09% |
| Return on assets (ROA) | 1.12% |
| Pretax return on assets | 1.13% |
| Return on equity (ROE) | 11.58% |
| Retained earnings to average equity (YTD only) | 7.05% |
| Net charge-offs to loans | 0.28% |
| Credit loss provision to net charge-offs | 23.15% |
| Efficiency ratio | 5.42% |
| Assets per employee | $77,148 |
| Cash dividends to net income (YTD only) | 2.77% |
| Condition Ratios (%) | |
| Loss allowance to loans | 39.17% |
| Loss allowance to noncurrent loans | 1.19% |
| Noncurrent assets plus other real estate owned to assets | 49.44% |
| Noncurrent loans to loans | 2.17% |
| Net loans and leases to deposits | 2.40% |
| Net loans and leases to core deposits | 80.41% |
| Equity capital to assets | 81.32% |
| Core capital (leverage) ratio | 9.87% |
| Tier 1 risk-based capital ratio | 8.89% |
| Total risk-based capital ratio | 12.60% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $51,342 |
| Average equity | $4,981 |
| Average loans | $46,555 |
| 3 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 9866 | Integrity Bank Plus | 726 Main Street, Wabasso, MN 56293 | October 01, 1934 | Full Service Brick and Mortar |  |
| 1 | 9885 | Walnut Grove Branch | 631 Main Street, Walnut Grove, MN 56180 | November 01, 1935 | Full Service Brick and Mortar |  |
| 2 | 234574 | Sartell Branch | 198 Pine Cone Road South, Sartell, MN 56377 | November 10, 1999 | Full Service Brick and Mortar | |
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