Lowry State Bank in Lowry, Minnesota (MN)
| Lowry State Bank | |
|---|---|
| General | FDIC Certificate #: 10202 Status: Active Federal Reserve ID: 457 Bank Holding Company (Regulatory Top Holder): Financial Services Of Lowry, Inc. (RSSDID: 1127016, Location: Lowry, MN) Date Established: October 04, 1899 WWW: http://www.lowrystate.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 #: 6541 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: 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: 400 Florence Avenue, Lowry, MN 56349 County: Pope Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo 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: $37.6 mil Equity capital: $3.5 mil Deposits held in domestic offices: $31.6 mil Return on assets (ROA): 2.59% ($1.0 mil) Quarterly return on assets: 2.60% ($1.0 mil) Return on Equity (ROE): 27.62% ($0.8 mil) Quarterly return on equity: 27.64% ($0.8 mil) Net income: $1.0 mil Quarterly Net income: $0.2 mil Pretax return on assets: 2.59% ($974.3 mil) Quarterly Pretax return on assets: 2.60% ($978.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 9 |
| Total assets | $37,616 |
| Cash and due from depository institutions | $1,736 |
| Interest-bearing balances | $1,524 |
| Securities | $172 |
| Federal funds sold & reverse repurchase agreements | $2,375 |
| Net loans & leases | $31,904 |
| Loan loss allowance | $378 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $100 |
| Other real estate owned | $195 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,134 |
| Life insurance assets | $37,616 |
| Total liabilities and capital | $34,166 |
| Total liabilities | $31,606 |
| Total deposits | $27,645 |
| Interest-bearing deposits | $31,606 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $2,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $60 |
| All other liabilities | $3,450 |
| Total equity capital | $3,450 |
| Total bank equity capital | $3,450 |
| Perpetual preferred stock | $0 |
| Common stock | $60 |
| Surplus | $2,740 |
| Undivided profits | $650 |
| 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 | $858 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $258 |
| Average Assets, year-to-date | $35,975 |
| Average Assets, quarterly | $826 |
| Volatile liabilities | $36,870 |
| Insider loans | $37,596 |
| FHLB advances | $32,191 |
| Loans and leases held for sale | $37,931 |
| Unused loan commitments | $549 |
| Tier 1 (core) risk-based capital | $549 |
| Tier 2 risk-based capital | $3,450 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $3,972 |
| Derivatives | $1,073 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,235 |
| Total interest expense | $407 |
| Net interest income | $1,828 |
| Provision for loan and lease losses | $30 |
| Total noninterest income | $147 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $115 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $32 |
| Total noninterest expense | $989 |
| Salaries and employee benefits | $603 |
| Premises and equipment expense | $81 |
| Additional noninterest expense | $305 |
| Pre-tax net operating income | $956 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $956 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $956 |
| Net charge-offs | $0 |
| Cash dividends | $956 |
| Sale, conversion, retirement of capital stock, net | $63 |
| Net operating income | $918 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.49% |
| Cost of funding earning assets | 1.18% |
| Net interest margin | 5.31% |
| Noninterest income to earning assets | 0.43% |
| Noninterest expense to earning assets | 2.87% |
| Net operating income to assets | 2.59% |
| Return on assets (ROA) | 2.59% |
| Pretax return on assets | 2.59% |
| Return on equity (ROE) | 27.62% |
| Retained earnings to average equity (YTD only) | 1.10% |
| Net charge-offs to loans | 0.20% |
| Credit loss provision to net charge-offs | 47.62% |
| Efficiency ratio | 15.65% |
| Assets per employee | $50,076 |
| Cash dividends to net income (YTD only) | 4.18% |
| Condition Ratios (%) | |
| Loss allowance to loans | 96.03% |
| Loss allowance to noncurrent loans | 1.17% |
| Noncurrent assets plus other real estate owned to assets | 44.06% |
| Noncurrent loans to loans | 2.80% |
| Net loans and leases to deposits | 2.66% |
| Net loans and leases to core deposits | 100.94% |
| Equity capital to assets | 100.94% |
| Core capital (leverage) ratio | 9.17% |
| Tier 1 risk-based capital ratio | 9.10% |
| Total risk-based capital ratio | 10.72% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $36,870 |
| Average equity | $3,461 |
| Average loans | $34,456 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6541 | Lowry State Bank | 400 Florence Avenue, Lowry, MN 56349 | October 04, 1899 | Full Service Brick and Mortar |  |
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