Root River State Bank in Chatfield, Minnesota (MN)
| Root River State Bank | |
|---|---|
| General | FDIC Certificate #: 1098 Status: Active Federal Reserve ID: 309851 Bank Holding Company (Regulatory Top Holder): Johnson Bancshares, Inc. (RSSDID: 1126484, Location: Chatfield, MN) Date Established: November 25, 1856 WWW: http://www.rrsbchatfield.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 743 Numeric code: 13 Regulator: FED 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: No 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: 18 3rd Street, S. E., Chatfield, MN 55923 County: Fillmore 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 | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $60.9 mil Equity capital: $7.4 mil Deposits held in domestic offices: $53.2 mil Return on assets (ROA): 0.34% ($0.2 mil) Quarterly return on assets: 0.28% ($0.2 mil) Return on Equity (ROE): 2.76% ($0.2 mil) Quarterly return on equity: 2.26% ($0.2 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.51% ($310.3 mil) Quarterly Pretax return on assets: 0.42% ($255.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 13 |
| Total assets | $60,851 |
| Cash and due from depository institutions | $8,936 |
| Interest-bearing balances | $2,290 |
| Securities | $13,078 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $36,536 |
| Loan loss allowance | $328 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $564 |
| Other real estate owned | $120 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,617 |
| Life insurance assets | $60,851 |
| Total liabilities and capital | $53,415 |
| Total liabilities | $53,171 |
| Total deposits | $49,764 |
| Interest-bearing deposits | $53,171 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $244 |
| All other liabilities | $7,436 |
| Total equity capital | $7,436 |
| Total bank equity capital | $7,436 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $2,400 |
| Undivided profits | $4,936 |
| 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) | $346 |
| Average Assets, year-to-date | $51,904 |
| Average Assets, quarterly | $13,930 |
| Volatile liabilities | $59,918 |
| Insider loans | $60,524 |
| FHLB advances | $37,942 |
| Loans and leases held for sale | $60,477 |
| Unused loan commitments | $589 |
| Tier 1 (core) risk-based capital | $589 |
| Tier 2 risk-based capital | $7,156 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,254 |
| Derivatives | $147 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,687 |
| Total interest expense | $432 |
| Net interest income | $2,255 |
| Provision for loan and lease losses | $154 |
| Total noninterest income | $126 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $68 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $58 |
| Total noninterest expense | $1,919 |
| Salaries and employee benefits | $1,247 |
| Premises and equipment expense | $215 |
| Additional noninterest expense | $457 |
| Pre-tax net operating income | $308 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $107 |
| Income before extraordinary items | $201 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $201 |
| Net charge-offs | $0 |
| Cash dividends | $201 |
| Sale, conversion, retirement of capital stock, net | $170 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.30% |
| Cost of funding earning assets | 0.85% |
| Net interest margin | 4.45% |
| Noninterest income to earning assets | 0.25% |
| Noninterest expense to earning assets | 3.79% |
| Net operating income to assets | 0.34% |
| Return on assets (ROA) | 0.34% |
| Pretax return on assets | 0.51% |
| Return on equity (ROE) | 2.76% |
| Retained earnings to average equity (YTD only) | 2.76% |
| Net charge-offs to loans | 0.45% |
| Credit loss provision to net charge-offs | 90.59% |
| Efficiency ratio | 2.72% |
| Assets per employee | $80,596 |
| Cash dividends to net income (YTD only) | 4.68% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.89% |
| Noncurrent assets plus other real estate owned to assets | 0.00% |
| Noncurrent loans to loans | 0.20% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 68.71% |
| Equity capital to assets | 69.60% |
| Core capital (leverage) ratio | 12.22% |
| Tier 1 risk-based capital ratio | 11.83% |
| Total risk-based capital ratio | 18.86% |
| Memoranda | |
| Average assets | $20 |
| Average earning assets | $59,918 |
| Average equity | $7,291 |
| Average loans | $50,694 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 743 | Root River State Bank | 18 3rd Street, S. E., Chatfield, MN 55923 | November 25, 1856 | Full Service Brick and Mortar |  |
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