Minnstar Bank National Association in Lake Crystal, Minnesota (MN)
| Minnstar Bank National Association | |
|---|---|
| General | FDIC Certificate #: 13809 Status: Active Federal Reserve ID: 89854 Bank Holding Company (Regulatory Top Holder): Lake Crystal Bancorporation, Inc. (RSSDID: 1126747, Location: Lake Crystal, MN) Date Established: January 29, 1934 WWW: http://www.minnstarbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Domestic: 3, Interstate: No) FDIC's unique #: 8632 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 29, 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: 202 North Main Street, Lake Crystal, MN 56055 County: Blue Earth 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 Core Based Statistical Area (CBSA): Mankato-North Mankato, MN (#31860) CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $114.3 mil Equity capital: $8.7 mil Deposits held in domestic offices: $103.4 mil Return on assets (ROA): 0.29% ($0.3 mil) Quarterly return on assets: 0.64% ($0.7 mil) Return on Equity (ROE): 3.59% ($0.3 mil) Quarterly return on equity: 8.10% ($0.7 mil) Net income: $0.3 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.29% ($331.5 mil) Quarterly Pretax return on assets: 0.64% ($731.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 29 |
| Total assets | $114,319 |
| Cash and due from depository institutions | $16,859 |
| Interest-bearing balances | $13,702 |
| Securities | $19,746 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $67,021 |
| Loan loss allowance | $1,274 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,065 |
| Other real estate owned | $2,689 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,939 |
| Life insurance assets | $114,319 |
| Total liabilities and capital | $105,616 |
| Total liabilities | $103,392 |
| Total deposits | $79,055 |
| Interest-bearing deposits | $103,392 |
| Deposits held in domestic offices | $92 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $885 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,339 |
| All other liabilities | $8,703 |
| Total equity capital | $8,703 |
| Total bank equity capital | $8,703 |
| Perpetual preferred stock | $0 |
| Common stock | $200 |
| Surplus | $2,600 |
| Undivided profits | $5,903 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $726 |
| Income earned, not collected on loans | $2,228 |
| Earning assets | $129 |
| Long-term assets (5+ years) | $711 |
| Average Assets, year-to-date | $100,469 |
| Average Assets, quarterly | $18,032 |
| Volatile liabilities | $103,826 |
| Insider loans | $108,402 |
| FHLB advances | $72,551 |
| Loans and leases held for sale | $107,884 |
| Unused loan commitments | $2,160 |
| Tier 1 (core) risk-based capital | $2,160 |
| Tier 2 risk-based capital | $8,658 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $13,967 |
| Derivatives | $1,473 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,761 |
| Total interest expense | $923 |
| Net interest income | $3,838 |
| Provision for loan and lease losses | $456 |
| Total noninterest income | $526 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $245 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $281 |
| Total noninterest expense | $3,637 |
| Salaries and employee benefits | $1,768 |
| Premises and equipment expense | $531 |
| Additional noninterest expense | $1,338 |
| Pre-tax net operating income | $271 |
| Securities gains (losses) | $31 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $302 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $302 |
| Net charge-offs | $0 |
| Cash dividends | $302 |
| Sale, conversion, retirement of capital stock, net | $435 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.27% |
| Cost of funding earning assets | 1.02% |
| Net interest margin | 4.25% |
| Noninterest income to earning assets | 0.58% |
| Noninterest expense to earning assets | 4.02% |
| Net operating income to assets | 0.26% |
| Return on assets (ROA) | 0.29% |
| Pretax return on assets | 0.29% |
| Return on equity (ROE) | 3.59% |
| Retained earnings to average equity (YTD only) | 3.59% |
| Net charge-offs to loans | 0.63% |
| Credit loss provision to net charge-offs | 104.83% |
| Efficiency ratio | 1.67% |
| Assets per employee | $83,341 |
| Cash dividends to net income (YTD only) | 3.94% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.87% |
| Noncurrent assets plus other real estate owned to assets | 57.18% |
| Noncurrent loans to loans | 4.30% |
| Net loans and leases to deposits | 3.26% |
| Net loans and leases to core deposits | 64.82% |
| Equity capital to assets | 66.64% |
| Core capital (leverage) ratio | 7.61% |
| Tier 1 risk-based capital ratio | 8.03% |
| Total risk-based capital ratio | 11.93% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $103,826 |
| Average equity | $8,412 |
| Average loans | $90,376 |
| 3 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 8632 | Minnstar Bank National Association | 202 North Main Street, Lake Crystal, MN 56055 | January 29, 1934 | Full Service Brick and Mortar |  |
| 1 | 3452 | Good Thunder Branch | 400 Main, Good Thunder, MN 56037 | March 19, 1919 | Full Service Brick and Mortar |  |
| 2 | 207263 | Mankato Detached Facility | 201 Poplar Street, Mankato, MN 56001 | October 22, 1984 | Full Service Brick and Mortar | |
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