St. Clair State Bank (Incorporated) in Saint Clair, Minnesota (MN)
| St. Clair State Bank (Incorporated) | |
|---|---|
| General | FDIC Certificate #: 1903 Status: Active Federal Reserve ID: 854753 Bank Holding Company (Regulatory Top Holder): Saint Clair Agency, Inc. (RSSDID: 1128723, Location: Saint Clair, MN) Date Established: July 17, 1907 WWW: http://www.stclairstatebank.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) FDIC's unique #: 1268 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: 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: 100 Main St. West, Saint Clair, MN 56080 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 | Change in Location Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $73.0 mil Equity capital: $8.7 mil Deposits held in domestic offices: $62.2 mil Return on assets (ROA): 0.89% ($0.6 mil) Quarterly return on assets: -1.20% (-$0.9 mil) Return on Equity (ROE): 7.29% ($0.7 mil) Quarterly return on equity: -9.74% (-$0.9 mil) Net income: $0.6 mil Quarterly Net income: -$0.2 mil Pretax return on assets: 1.44% ($1,050.7 mil) Quarterly Pretax return on assets: -0.52% (-$379.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 10 |
| Total assets | $72,967 |
| Cash and due from depository institutions | $22,186 |
| Interest-bearing balances | $21,157 |
| Securities | $275 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $49,855 |
| Loan loss allowance | $743 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $10 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $641 |
| Life insurance assets | $72,967 |
| Total liabilities and capital | $64,242 |
| Total liabilities | $62,231 |
| Total deposits | $55,889 |
| Interest-bearing deposits | $62,231 |
| Deposits held in domestic offices | $99 |
| % insured (estimated) | 1650.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $361 |
| All other liabilities | $8,725 |
| Total equity capital | $8,725 |
| Total bank equity capital | $8,725 |
| Perpetual preferred stock | $0 |
| Common stock | $50 |
| Surplus | $3,200 |
| Undivided profits | $5,475 |
| 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 | $108 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $542 |
| Average Assets, year-to-date | $71,287 |
| Average Assets, quarterly | $4,077 |
| Volatile liabilities | $70,348 |
| Insider loans | $71,717 |
| FHLB advances | $52,389 |
| Loans and leases held for sale | $71,501 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $8,725 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $12,924 |
| Derivatives | $186 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,252 |
| Total interest expense | $927 |
| Net interest income | $2,325 |
| Provision for loan and lease losses | $110 |
| Total noninterest income | $177 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $127 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $50 |
| Total noninterest expense | $1,379 |
| Salaries and employee benefits | $930 |
| Premises and equipment expense | $166 |
| Additional noninterest expense | $283 |
| Pre-tax net operating income | $1,013 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $385 |
| Income before extraordinary items | $628 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $628 |
| Net charge-offs | $0 |
| Cash dividends | $628 |
| Sale, conversion, retirement of capital stock, net | $14 |
| Net operating income | $250 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.74% |
| Cost of funding earning assets | 1.35% |
| Net interest margin | 3.39% |
| Noninterest income to earning assets | 0.26% |
| Noninterest expense to earning assets | 2.01% |
| Net operating income to assets | 0.89% |
| Return on assets (ROA) | 0.89% |
| Pretax return on assets | 1.44% |
| Return on equity (ROE) | 7.29% |
| Retained earnings to average equity (YTD only) | 4.39% |
| Net charge-offs to loans | 0.03% |
| Credit loss provision to net charge-offs | 785.71% |
| Efficiency ratio | 80.21% |
| Assets per employee | $55,116 |
| Cash dividends to net income (YTD only) | 7.30% |
| Condition Ratios (%) | |
| Loss allowance to loans | 39.81% |
| Loss allowance to noncurrent loans | 1.47% |
| Noncurrent assets plus other real estate owned to assets | 687.96% |
| Noncurrent loans to loans | 0.15% |
| Net loans and leases to deposits | 0.21% |
| Net loans and leases to core deposits | 80.11% |
| Equity capital to assets | 83.06% |
| Core capital (leverage) ratio | 11.96% |
| Tier 1 risk-based capital ratio | 12.20% |
| Total risk-based capital ratio | 16.65% |
| Memoranda | |
| Average assets | $18 |
| Average earning assets | $70,348 |
| Average equity | $8,609 |
| Average loans | $68,586 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 1268 | St. Clair State Bank (Incorporated) | 100 Main St. West, Saint Clair, MN 56080 | July 17, 1907 | Full Service Brick and Mortar |  |
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