Randall State Bank in Randall, Minnesota (MN)
| Randall State Bank | |
|---|---|
| General | FDIC Certificate #: 10969 Status: Active Federal Reserve ID: 172251 Bank Holding Company (Regulatory Top Holder): Randall Bancorp, Inc. (RSSDID: 2359869, Location: Pine River, MN) Date Established: April 08, 1908 WWW: http://www.randallstatebank.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) OTS Docket #: 13250 FDIC's unique #: 7023 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: November 28, 2006 Last Structure Change Process Date: January 30, 2007 Last Data Update: January 30, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 307 Pacific Avenue, Randall, MN 56475 County: Morrison 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 |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $34.1 mil Equity capital: $5.0 mil Deposits held in domestic offices: $29.1 mil Return on assets (ROA): 1.51% ($0.5 mil) Quarterly return on assets: 1.40% ($0.5 mil) Return on Equity (ROE): 10.94% ($0.5 mil) Quarterly return on equity: 9.71% ($0.5 mil) Net income: $0.5 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.51% ($515.4 mil) Quarterly Pretax return on assets: 1.40% ($477.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 9 |
| Total assets | $34,135 |
| Cash and due from depository institutions | $4,506 |
| Interest-bearing balances | $3,924 |
| Securities | $7,286 |
| Federal funds sold & reverse repurchase agreements | $1,549 |
| Net loans & leases | $19,821 |
| Loan loss allowance | $452 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $220 |
| Other real estate owned | $231 |
| Goodwill and other intangibles | $0 |
| All other assets | $522 |
| Life insurance assets | $34,135 |
| Total liabilities and capital | $29,179 |
| Total liabilities | $29,081 |
| Total deposits | $24,162 |
| Interest-bearing deposits | $29,081 |
| Deposits held in domestic offices | $98 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $70 |
| Other borrowed funds | $0 |
| Subordinated debt | $28 |
| All other liabilities | $4,956 |
| Total equity capital | $4,956 |
| Total bank equity capital | $4,956 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $1,900 |
| Undivided profits | $2,956 |
| 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 | $768 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $166 |
| Average Assets, year-to-date | $32,580 |
| Average Assets, quarterly | $1,980 |
| Volatile liabilities | $34,406 |
| Insider loans | $34,002 |
| FHLB advances | $19,972 |
| Loans and leases held for sale | $33,858 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $4,752 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $574 |
| Derivatives | $146 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,641 |
| Total interest expense | $292 |
| Net interest income | $1,349 |
| Provision for loan and lease losses | $120 |
| Total noninterest income | $82 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $60 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $22 |
| Total noninterest expense | $791 |
| Salaries and employee benefits | $401 |
| Premises and equipment expense | $118 |
| Additional noninterest expense | $272 |
| Pre-tax net operating income | $520 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $520 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $520 |
| Net charge-offs | $0 |
| Cash dividends | $520 |
| Sale, conversion, retirement of capital stock, net | $141 |
| Net operating income | $416 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.03% |
| Cost of funding earning assets | 0.90% |
| Net interest margin | 4.14% |
| Noninterest income to earning assets | 0.25% |
| Noninterest expense to earning assets | 2.42% |
| Net operating income to assets | 1.51% |
| Return on assets (ROA) | 1.51% |
| Pretax return on assets | 1.51% |
| Return on equity (ROE) | 10.94% |
| Retained earnings to average equity (YTD only) | 2.19% |
| Net charge-offs to loans | 0.67% |
| Credit loss provision to net charge-offs | 85.11% |
| Efficiency ratio | 4.54% |
| Assets per employee | $55,276 |
| Cash dividends to net income (YTD only) | 3.79% |
| Condition Ratios (%) | |
| Loss allowance to loans | 80.00% |
| Loss allowance to noncurrent loans | 2.23% |
| Noncurrent assets plus other real estate owned to assets | 58.85% |
| Noncurrent loans to loans | 2.93% |
| Net loans and leases to deposits | 3.79% |
| Net loans and leases to core deposits | 68.16% |
| Equity capital to assets | 69.80% |
| Core capital (leverage) ratio | 14.52% |
| Tier 1 risk-based capital ratio | 14.04% |
| Total risk-based capital ratio | 23.79% |
| Memoranda | |
| Average assets | $25 |
| Average earning assets | $34,406 |
| Average equity | $4,753 |
| Average loans | $32,620 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7023 | Randall State Bank | 307 Pacific Avenue, Randall, MN 56475 | April 08, 1908 | Full Service Brick and Mortar |  |
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