Peoples State Bank of Madison Lake in Madison Lake, Minnesota (MN)
| Peoples State Bank of Madison Lake | |
|---|---|
| General | FDIC Certificate #: 1923 Status: Active Federal Reserve ID: 957551 Bank Holding Company (Regulatory Top Holder): Van Deusen Bancorp, Inc. (RSSDID: 1128871, Location: Madison Lake, MN) Date Established: November 15, 1901 WWW: http://www.psbmadlake.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 1288 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending 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: 500 Main Street, Madison Lake, MN 56063 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: $21.9 mil Equity capital: $1.8 mil Deposits held in domestic offices: $20.0 mil Return on assets (ROA): 0.16% ($0.0 mil) Quarterly return on assets: 0.33% ($0.1 mil) Return on Equity (ROE): 2.25% ($0.0 mil) Quarterly return on equity: 4.12% ($0.1 mil) Net income: $0.0 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.16% ($35.1 mil) Quarterly Pretax return on assets: 0.33% ($72.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 7 |
| Total assets | $21,913 |
| Cash and due from depository institutions | $5,149 |
| Interest-bearing balances | $2,803 |
| Securities | $1,868 |
| Federal funds sold & reverse repurchase agreements | $1,086 |
| Net loans & leases | $12,850 |
| Loan loss allowance | $472 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $404 |
| Other real estate owned | $61 |
| Goodwill and other intangibles | $0 |
| All other assets | $495 |
| Life insurance assets | $21,913 |
| Total liabilities and capital | $20,082 |
| Total liabilities | $20,048 |
| Total deposits | $16,818 |
| Interest-bearing deposits | $20,048 |
| Deposits held in domestic offices | $98 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $34 |
| All other liabilities | $1,831 |
| Total equity capital | $1,831 |
| Total bank equity capital | $1,831 |
| Perpetual preferred stock | $0 |
| Common stock | $125 |
| Surplus | $2,725 |
| Undivided profits | $-1,019 |
| 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 | $804 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $143 |
| Average Assets, year-to-date | $18,607 |
| Average Assets, quarterly | $444 |
| Volatile liabilities | $23,142 |
| Insider loans | $21,563 |
| FHLB advances | $13,877 |
| Loans and leases held for sale | $21,626 |
| Unused loan commitments | $189 |
| Tier 1 (core) risk-based capital | $189 |
| Tier 2 risk-based capital | $1,754 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,240 |
| Derivatives | $48 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,012 |
| Total interest expense | $253 |
| Net interest income | $759 |
| Provision for loan and lease losses | $15 |
| Total noninterest income | $162 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $102 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $60 |
| Total noninterest expense | $870 |
| Salaries and employee benefits | $462 |
| Premises and equipment expense | $150 |
| Additional noninterest expense | $258 |
| Pre-tax net operating income | $36 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $36 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $36 |
| Net charge-offs | $0 |
| Cash dividends | $36 |
| Sale, conversion, retirement of capital stock, net | $27 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.12% |
| Cost of funding earning assets | 1.28% |
| Net interest margin | 3.84% |
| Noninterest income to earning assets | 0.82% |
| Noninterest expense to earning assets | 4.40% |
| Net operating income to assets | 0.16% |
| Return on assets (ROA) | 0.16% |
| Pretax return on assets | 0.16% |
| Return on equity (ROE) | 2.25% |
| Retained earnings to average equity (YTD only) | 2.25% |
| Net charge-offs to loans | 0.20% |
| Credit loss provision to net charge-offs | 55.56% |
| Efficiency ratio | 1.89% |
| Assets per employee | $94,463 |
| Cash dividends to net income (YTD only) | 3.13% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.54% |
| Noncurrent assets plus other real estate owned to assets | 58.71% |
| Noncurrent loans to loans | 3.95% |
| Net loans and leases to deposits | 6.04% |
| Net loans and leases to core deposits | 64.10% |
| Equity capital to assets | 64.10% |
| Core capital (leverage) ratio | 8.36% |
| Tier 1 risk-based capital ratio | 8.11% |
| Total risk-based capital ratio | 12.64% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $23,142 |
| Average equity | $1,597 |
| Average loans | $19,762 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 1288 | Peoples State Bank Of Madison Lake | 500 Main Street, Madison Lake, MN 56063 | November 15, 1901 | Full Service Brick and Mortar |  |
| 1 | 190422 | Eagle Lake Branch | 401 Parkway, Eagle Lake, MN 56024 | September 14, 1992 | Full Service Brick and Mortar |  |
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