Plaza Park State Bank in Waite Park, Minnesota (MN)
| Plaza Park State Bank | |
|---|---|
| General | FDIC Certificate #: 12186 Status: Active Federal Reserve ID: 763556 Bank Holding Company (Regulatory Top Holder): Plaza Agency, Inc. (RSSDID: 1122516, Location: Waite Park, MN) Date Established: November 26, 1910 WWW: http://www.plazaparkbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 7739 Numeric code: 13 Regulator: FED 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: June 26, 2006 Last Structure Change Process Date: July 25, 2006 Last Data Update: July 25, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 131 6th Avenue S, Suite 100, Waite Park, MN 56387 County: Stearns Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): St. Cloud, MN (#6980) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): St. Cloud, MN (#41060) CBSA Metro Statistical Area: St. Cloud, MN (#41060) |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $166.7 mil Equity capital: $15.6 mil Deposits held in domestic offices: $149.7 mil Return on assets (ROA): 1.54% ($2.6 mil) Quarterly return on assets: 0.53% ($0.9 mil) Return on Equity (ROE): 16.47% ($2.6 mil) Quarterly return on equity: 5.60% ($0.9 mil) Net income: $2.5 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.54% ($2,567.3 mil) Quarterly Pretax return on assets: 0.53% ($883.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 36 |
| Total assets | $166,709 |
| Cash and due from depository institutions | $11,787 |
| Interest-bearing balances | $6,433 |
| Securities | $14,604 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $131,295 |
| Loan loss allowance | $1,653 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,259 |
| Other real estate owned | $50 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,714 |
| Life insurance assets | $166,709 |
| Total liabilities and capital | $151,083 |
| Total liabilities | $149,683 |
| Total deposits | $128,146 |
| Interest-bearing deposits | $149,683 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,400 |
| All other liabilities | $15,626 |
| Total equity capital | $15,626 |
| Total bank equity capital | $15,626 |
| Perpetual preferred stock | $0 |
| Common stock | $600 |
| Surplus | $6,400 |
| Undivided profits | $8,626 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $1,190 |
| Income earned, not collected on loans | $6,224 |
| Earning assets | $116 |
| Long-term assets (5+ years) | $661 |
| Average Assets, year-to-date | $152,332 |
| Average Assets, quarterly | $13,846 |
| Volatile liabilities | $160,355 |
| Insider loans | $164,174 |
| FHLB advances | $133,735 |
| Loans and leases held for sale | $163,254 |
| Unused loan commitments | $3,095 |
| Tier 1 (core) risk-based capital | $2,109 |
| Tier 2 risk-based capital | $15,075 |
| Total risk weighted assets | $986 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $15,792 |
| Derivatives | $817 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $8,272 |
| Total interest expense | $915 |
| Net interest income | $7,357 |
| Provision for loan and lease losses | $695 |
| Total noninterest income | $748 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $225 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $523 |
| Total noninterest expense | $4,949 |
| Salaries and employee benefits | $2,913 |
| Premises and equipment expense | $882 |
| Additional noninterest expense | $1,154 |
| Pre-tax net operating income | $2,461 |
| Securities gains (losses) | $2 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $2,463 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,463 |
| Net charge-offs | $0 |
| Cash dividends | $2,463 |
| Sale, conversion, retirement of capital stock, net | $817 |
| Net operating income | $1,878 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.59% |
| Cost of funding earning assets | 0.62% |
| Net interest margin | 4.97% |
| Noninterest income to earning assets | 0.51% |
| Noninterest expense to earning assets | 3.34% |
| Net operating income to assets | 1.53% |
| Return on assets (ROA) | 1.54% |
| Pretax return on assets | 1.54% |
| Return on equity (ROE) | 16.47% |
| Retained earnings to average equity (YTD only) | 3.91% |
| Net charge-offs to loans | 0.63% |
| Credit loss provision to net charge-offs | 85.07% |
| Efficiency ratio | 3.86% |
| Assets per employee | $60,888 |
| Cash dividends to net income (YTD only) | 4.63% |
| Condition Ratios (%) | |
| Loss allowance to loans | 76.25% |
| Loss allowance to noncurrent loans | 1.24% |
| Noncurrent assets plus other real estate owned to assets | 26.56% |
| Noncurrent loans to loans | 3.76% |
| Net loans and leases to deposits | 4.68% |
| Net loans and leases to core deposits | 87.72% |
| Equity capital to assets | 90.05% |
| Core capital (leverage) ratio | 9.37% |
| Tier 1 risk-based capital ratio | 9.23% |
| Total risk-based capital ratio | 11.27% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $160,355 |
| Average equity | $14,950 |
| Average loans | $148,100 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7739 | Plaza Park State Bank | 131 6th Avenue S, Suite 100, Waite Park, MN 56387 | November 26, 1910 | Full Service Brick and Mortar |  |
| 2 | 453000 | Plaza Park Branch | 2351 Connecticut Ave. S, Suite 100, Sartell, MN 56377 | June 26, 2006 | Full Service Brick and Mortar |  |
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