Prairie Sun Bank in Milan, Minnesota (MN)
| Prairie Sun Bank | |
|---|---|
| General | FDIC Certificate #: 8207 Status: Active Federal Reserve ID: 960551 Bank Holding Company (Regulatory Top Holder): Milan Agency, Inc. (RSSDID: 1126644, Location: Milan, MN) Date Established: December 15, 1915 WWW: http://www.bankwithpsb.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) OTS Docket #: 12948 FDIC's unique #: 5231 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: 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: 240 North Second Street, Milan, MN 56262 County: Chippewa Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo 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 |
| Financial Summary | Total assets: $28.8 mil Equity capital: $2.6 mil Deposits held in domestic offices: $25.8 mil Return on assets (ROA): 1.38% ($0.4 mil) Quarterly return on assets: 1.42% ($0.4 mil) Return on Equity (ROE): 16.35% ($0.5 mil) Quarterly return on equity: 16.17% ($0.5 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.39% ($400.4 mil) Quarterly Pretax return on assets: 1.42% ($409.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 10 |
| Total assets | $28,805 |
| Cash and due from depository institutions | $2,266 |
| Interest-bearing balances | $1,318 |
| Securities | $5,145 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $18,942 |
| Loan loss allowance | $211 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $320 |
| Other real estate owned | $64 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,068 |
| Life insurance assets | $28,805 |
| Total liabilities and capital | $26,165 |
| Total liabilities | $25,822 |
| Total deposits | $21,632 |
| Interest-bearing deposits | $25,822 |
| Deposits held in domestic offices | $92 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $343 |
| All other liabilities | $2,640 |
| Total equity capital | $2,640 |
| Total bank equity capital | $2,640 |
| Perpetual preferred stock | $0 |
| Common stock | $150 |
| Surplus | $1,600 |
| Undivided profits | $890 |
| 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 | $326 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $418 |
| Average Assets, year-to-date | $25,405 |
| Average Assets, quarterly | $6,445 |
| Volatile liabilities | $28,371 |
| Insider loans | $29,255 |
| FHLB advances | $23,043 |
| Loans and leases held for sale | $29,928 |
| Unused loan commitments | $1,403 |
| Tier 1 (core) risk-based capital | $1,403 |
| Tier 2 risk-based capital | $2,423 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,750 |
| Derivatives | $183 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,340 |
| Total interest expense | $153 |
| Net interest income | $1,187 |
| Provision for loan and lease losses | $42 |
| Total noninterest income | $151 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $50 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $101 |
| Total noninterest expense | $989 |
| Salaries and employee benefits | $631 |
| Premises and equipment expense | $137 |
| Additional noninterest expense | $221 |
| Pre-tax net operating income | $307 |
| Securities gains (losses) | $86 |
| Applicable income taxes | $1 |
| Income before extraordinary items | $392 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $392 |
| Net charge-offs | $0 |
| Cash dividends | $392 |
| Sale, conversion, retirement of capital stock, net | $20 |
| Net operating income | $405 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.37% |
| Cost of funding earning assets | 0.61% |
| Net interest margin | 4.76% |
| Noninterest income to earning assets | 0.61% |
| Noninterest expense to earning assets | 3.96% |
| Net operating income to assets | 1.08% |
| Return on assets (ROA) | 1.38% |
| Pretax return on assets | 1.39% |
| Return on equity (ROE) | 16.35% |
| Retained earnings to average equity (YTD only) | -0.54% |
| Net charge-offs to loans | 0.11% |
| Credit loss provision to net charge-offs | 210.00% |
| Efficiency ratio | 17.45% |
| Assets per employee | $73,916 |
| Cash dividends to net income (YTD only) | 2.88% |
| Condition Ratios (%) | |
| Loss allowance to loans | 103.32% |
| Loss allowance to noncurrent loans | 1.10% |
| Noncurrent assets plus other real estate owned to assets | 64.72% |
| Noncurrent loans to loans | 1.35% |
| Net loans and leases to deposits | 1.70% |
| Net loans and leases to core deposits | 73.36% |
| Equity capital to assets | 74.36% |
| Core capital (leverage) ratio | 9.17% |
| Tier 1 risk-based capital ratio | 8.10% |
| Total risk-based capital ratio | 10.52% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $28,371 |
| Average equity | $2,398 |
| Average loans | $24,952 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5231 | Prairie Sun Bank | 240 North Second Street, Milan, MN 56262 | December 15, 1915 | Full Service Brick and Mortar |  |
| 1 | 9736 | Detached Facility | 250 North Miles Street, Appleton, MN 56208 | September 11, 1880 | Full Service Brick and Mortar |  |
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