Ormsby State Bank in Ormsby, Minnesota (MN)
| Ormsby State Bank | |
|---|---|
| General | FDIC Certificate #: 1388 Status: Active Federal Reserve ID: 845452 Bank Holding Company (Regulatory Top Holder): Ormsby Bancshares, Inc. (RSSDID: 1124574, Location: Ormsby, MN) Date Established: July 01, 1901 WWW: http://www.ormsbybank.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 #: 911 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: July 16, 2008 Last Structure Change Process Date: July 16, 2008 Last Data Update: July 16, 2008 Data Source Date: April 05, 2012 |
| Location | Address: 513 Main Street, Ormsby, MN 56162 County: Martin 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): Fairmont, MN (#21860) CBSA Micro Statistical Area: Yes |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $25.8 mil Equity capital: $3.5 mil Deposits held in domestic offices: $21.8 mil Return on assets (ROA): 1.32% ($0.3 mil) Quarterly return on assets: 0.23% ($0.1 mil) Return on Equity (ROE): 9.77% ($0.3 mil) Quarterly return on equity: 1.72% ($0.1 mil) Net income: $0.3 mil Quarterly Net income: $0.0 mil Pretax return on assets: 1.32% ($340.7 mil) Quarterly Pretax return on assets: 0.23% ($59.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 5 |
| Total assets | $25,812 |
| Cash and due from depository institutions | $3,358 |
| Interest-bearing balances | $2,755 |
| Securities | $11,815 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $10,075 |
| Loan loss allowance | $224 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $68 |
| Other real estate owned | $99 |
| Goodwill and other intangibles | $0 |
| All other assets | $397 |
| Life insurance assets | $25,812 |
| Total liabilities and capital | $22,339 |
| Total liabilities | $21,762 |
| Total deposits | $18,248 |
| Interest-bearing deposits | $21,762 |
| Deposits held in domestic offices | $98 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $500 |
| Other borrowed funds | $0 |
| Subordinated debt | $77 |
| All other liabilities | $3,473 |
| Total equity capital | $3,473 |
| Total bank equity capital | $3,473 |
| Perpetual preferred stock | $0 |
| Common stock | $50 |
| Surplus | $1,700 |
| Undivided profits | $1,723 |
| 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 | $0 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $230 |
| Average Assets, year-to-date | $24,645 |
| Average Assets, quarterly | $5,579 |
| Volatile liabilities | $25,229 |
| Insider loans | $26,176 |
| FHLB advances | $16,955 |
| Loans and leases held for sale | $26,772 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $3,302 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,770 |
| Derivatives | $402 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,051 |
| Total interest expense | $253 |
| Net interest income | $798 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | -$28 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $32 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$60 |
| Total noninterest expense | $441 |
| Salaries and employee benefits | $245 |
| Premises and equipment expense | $59 |
| Additional noninterest expense | $137 |
| Pre-tax net operating income | $329 |
| Securities gains (losses) | $3 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $332 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $332 |
| Net charge-offs | $0 |
| Cash dividends | $332 |
| Sale, conversion, retirement of capital stock, net | $8 |
| Net operating income | $238 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.53% |
| Cost of funding earning assets | 1.09% |
| Net interest margin | 3.44% |
| Noninterest income to earning assets | -0.12% |
| Noninterest expense to earning assets | 1.90% |
| Net operating income to assets | 1.30% |
| Return on assets (ROA) | 1.32% |
| Pretax return on assets | 1.32% |
| Return on equity (ROE) | 9.77% |
| Retained earnings to average equity (YTD only) | 2.76% |
| Net charge-offs to loans | 0.08% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 41.13% |
| Assets per employee | $57,273 |
| Cash dividends to net income (YTD only) | 5.16% |
| Condition Ratios (%) | |
| Loss allowance to loans | 71.69% |
| Loss allowance to noncurrent loans | 2.17% |
| Noncurrent assets plus other real estate owned to assets | 0.00% |
| Noncurrent loans to loans | 0.38% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 46.30% |
| Equity capital to assets | 47.13% |
| Core capital (leverage) ratio | 13.45% |
| Tier 1 risk-based capital ratio | 12.33% |
| Total risk-based capital ratio | 19.48% |
| Memoranda | |
| Average assets | $21 |
| Average earning assets | $25,229 |
| Average equity | $3,400 |
| Average loans | $23,214 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 911 | Ormsby State Bank | 513 Main Street, Ormsby, MN 56162 | July 01, 1901 | Full Service Brick and Mortar |  |
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