Odin State Bank in Odin, Minnesota (MN)
| Odin State Bank | |
|---|---|
| General | FDIC Certificate #: 14574 Status: Active Federal Reserve ID: 876157 Bank Holding Company (Regulatory Top Holder): Odin Bancshares, Inc. (RSSDID: 3072594, Location: Odin, MN) Date Established: June 09, 1904 WWW: http://www.odinstatebank.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 #: 9108 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: March 28, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: June 16, 2010 Last Data Update: June 16, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 101 East Main Street, Odin, MN 56160 County: Watonwan 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 Change in Location |
| Financial Summary | Total assets: $36.7 mil Equity capital: $4.5 mil Deposits held in domestic offices: $32.1 mil Return on assets (ROA): 0.79% ($0.3 mil) Quarterly return on assets: 0.25% ($0.1 mil) Return on Equity (ROE): 6.34% ($0.3 mil) Quarterly return on equity: 2.04% ($0.1 mil) Net income: $0.3 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.79% ($289.8 mil) Quarterly Pretax return on assets: 0.25% ($91.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 9 |
| Total assets | $36,683 |
| Cash and due from depository institutions | $2,387 |
| Interest-bearing balances | $1,021 |
| Securities | $11,049 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $22,272 |
| Loan loss allowance | $400 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $184 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $791 |
| Life insurance assets | $36,682 |
| Total liabilities and capital | $32,150 |
| Total liabilities | $32,068 |
| Total deposits | $27,032 |
| Interest-bearing deposits | $32,068 |
| Deposits held in domestic offices | $93 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $82 |
| All other liabilities | $4,532 |
| Total equity capital | $4,532 |
| Total bank equity capital | $4,532 |
| Perpetual preferred stock | $0 |
| Common stock | $25 |
| Surplus | $2,850 |
| Undivided profits | $1,657 |
| 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 | $283 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $500 |
| Average Assets, year-to-date | $34,342 |
| Average Assets, quarterly | $10,382 |
| Volatile liabilities | $35,758 |
| Insider loans | $36,446 |
| FHLB advances | $23,746 |
| Loans and leases held for sale | $37,424 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $4,246 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $6,920 |
| Derivatives | $59 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,758 |
| Total interest expense | $460 |
| Net interest income | $1,298 |
| Provision for loan and lease losses | $245 |
| Total noninterest income | $149 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $127 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $22 |
| Total noninterest expense | $918 |
| Salaries and employee benefits | $601 |
| Premises and equipment expense | $108 |
| Additional noninterest expense | $209 |
| Pre-tax net operating income | $284 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $284 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $284 |
| Net charge-offs | $0 |
| Cash dividends | $284 |
| Sale, conversion, retirement of capital stock, net | $286 |
| Net operating income | $253 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.33% |
| Cost of funding earning assets | 1.39% |
| Net interest margin | 3.94% |
| Noninterest income to earning assets | 0.45% |
| Noninterest expense to earning assets | 2.78% |
| Net operating income to assets | 0.79% |
| Return on assets (ROA) | 0.79% |
| Pretax return on assets | 0.79% |
| Return on equity (ROE) | 6.34% |
| Retained earnings to average equity (YTD only) | 0.69% |
| Net charge-offs to loans | 1.26% |
| Credit loss provision to net charge-offs | 85.66% |
| Efficiency ratio | 1.85% |
| Assets per employee | $63,442 |
| Cash dividends to net income (YTD only) | 4.08% |
| Condition Ratios (%) | |
| Loss allowance to loans | 89.08% |
| Loss allowance to noncurrent loans | 1.76% |
| Noncurrent assets plus other real estate owned to assets | 141.34% |
| Noncurrent loans to loans | 0.77% |
| Net loans and leases to deposits | 1.25% |
| Net loans and leases to core deposits | 69.45% |
| Equity capital to assets | 76.83% |
| Core capital (leverage) ratio | 12.35% |
| Tier 1 risk-based capital ratio | 11.35% |
| Total risk-based capital ratio | 17.88% |
| Memoranda | |
| Average assets | $19 |
| Average earning assets | $35,758 |
| Average equity | $4,476 |
| Average loans | $32,985 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 9108 | Odin State Bank | 101 East Main Street, Odin, MN 56160 | June 09, 1904 | Full Service Brick and Mortar |  |
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