Janesville State Bank in Janesville, Minnesota (MN)
| Janesville State Bank | |
|---|---|
| General | FDIC Certificate #: 10960 Status: Active Federal Reserve ID: 88259 Bank Holding Company (Regulatory Top Holder): Janesville Holding Company (RSSDID: 1124284, Location: Janesville, MN) Date Established: January 01, 1898 WWW: http://www.janesvillestatebank.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) OTS Docket #: 11816 FDIC's unique #: 7016 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 01, 1934 Last Structure Change Effective Date: December 21, 2006 Last Structure Change Process Date: January 30, 2007 Last Data Update: January 30, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 201 N Main Street, Janesville, MN 56048 County: Waseca 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 |
| Financial Summary | Total assets: $55.4 mil Equity capital: $7.0 mil Deposits held in domestic offices: $44.2 mil Return on assets (ROA): 1.46% ($0.8 mil) Quarterly return on assets: 1.33% ($0.7 mil) Return on Equity (ROE): 11.54% ($0.8 mil) Quarterly return on equity: 10.24% ($0.7 mil) Net income: $0.8 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.46% ($809.0 mil) Quarterly Pretax return on assets: 1.33% ($737.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 11 |
| Total assets | $55,410 |
| Cash and due from depository institutions | $7,480 |
| Interest-bearing balances | $4,915 |
| Securities | $9,431 |
| Federal funds sold & reverse repurchase agreements | $1,500 |
| Net loans & leases | $33,165 |
| Loan loss allowance | $550 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $566 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,268 |
| Life insurance assets | $55,410 |
| Total liabilities and capital | $48,374 |
| Total liabilities | $44,216 |
| Total deposits | $34,313 |
| Interest-bearing deposits | $44,216 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $3,627 |
| Other borrowed funds | $0 |
| Subordinated debt | $531 |
| All other liabilities | $7,036 |
| Total equity capital | $7,036 |
| Total bank equity capital | $7,036 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $4,400 |
| Undivided profits | $2,536 |
| 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 | $115 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $320 |
| Average Assets, year-to-date | $49,011 |
| Average Assets, quarterly | $7,378 |
| Volatile liabilities | $52,808 |
| Insider loans | $53,583 |
| FHLB advances | $42,113 |
| Loans and leases held for sale | $52,979 |
| Unused loan commitments | $2,417 |
| Tier 1 (core) risk-based capital | $2,045 |
| Tier 2 risk-based capital | $6,891 |
| Total risk weighted assets | $0 |
| Total unused commitments | $372 |
| Restructured Loans and leases | $5,138 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,220 |
| Total interest expense | $490 |
| Net interest income | $1,730 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $311 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $121 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $190 |
| Total noninterest expense | $1,273 |
| Salaries and employee benefits | $819 |
| Premises and equipment expense | $100 |
| Additional noninterest expense | $354 |
| Pre-tax net operating income | $768 |
| Securities gains (losses) | $2 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $770 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $770 |
| Net charge-offs | $0 |
| Cash dividends | $770 |
| Sale, conversion, retirement of capital stock, net | -$39 |
| Net operating income | $135 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.72% |
| Cost of funding earning assets | 1.04% |
| Net interest margin | 3.68% |
| Noninterest income to earning assets | 0.66% |
| Noninterest expense to earning assets | 2.71% |
| Net operating income to assets | 1.45% |
| Return on assets (ROA) | 1.46% |
| Pretax return on assets | 1.46% |
| Return on equity (ROE) | 11.54% |
| Retained earnings to average equity (YTD only) | 9.52% |
| Net charge-offs to loans | -0.12% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $62,371 |
| Cash dividends to net income (YTD only) | 5.04% |
| Condition Ratios (%) | |
| Loss allowance to loans | 17.53% |
| Loss allowance to noncurrent loans | 1.63% |
| Noncurrent assets plus other real estate owned to assets | 478.26% |
| Noncurrent loans to loans | 0.21% |
| Net loans and leases to deposits | 0.34% |
| Net loans and leases to core deposits | 75.01% |
| Equity capital to assets | 76.11% |
| Core capital (leverage) ratio | 12.70% |
| Tier 1 risk-based capital ratio | 13.01% |
| Total risk-based capital ratio | 16.36% |
| Memoranda | |
| Average assets | $18 |
| Average earning assets | $52,808 |
| Average equity | $6,671 |
| Average loans | $47,025 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7016 | Janesville State Bank | 201 N Main Street, Janesville, MN 56048 | January 01, 1898 | Full Service Brick and Mortar |  |
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