State Bank in Eden Valley in Eden Valley, Minnesota (MN)
| State Bank in Eden Valley | |
|---|---|
| General | FDIC Certificate #: 1916 Status: Active Federal Reserve ID: 411053 Bank Holding Company (Regulatory Top Holder): Eden Valley Bancshares, Inc. (RSSDID: 1128693, Location: Eden Valley, MN) Date Established: January 02, 1932 WWW: http://www.edenvalleybank.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 #: 12576 FDIC's unique #: 1281 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: May 27, 2010 Last Structure Change Process Date: May 27, 2010 Last Data Update: May 27, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 359 State Street North, Eden Valley, MN 55329 County: Meeker 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 |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $27.7 mil Equity capital: $3.0 mil Deposits held in domestic offices: $24.7 mil Return on assets (ROA): 1.46% ($0.4 mil) Quarterly return on assets: 1.70% ($0.5 mil) Return on Equity (ROE): 15.34% ($0.5 mil) Quarterly return on equity: 15.80% ($0.5 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.46% ($404.6 mil) Quarterly Pretax return on assets: 1.70% ($471.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 9 |
| Total assets | $27,711 |
| Cash and due from depository institutions | $969 |
| Interest-bearing balances | $801 |
| Securities | $8,487 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $16,598 |
| Loan loss allowance | $271 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $276 |
| Other real estate owned | $849 |
| Goodwill and other intangibles | $0 |
| All other assets | $532 |
| Life insurance assets | $27,710 |
| Total liabilities and capital | $24,725 |
| Total liabilities | $24,695 |
| Total deposits | $18,655 |
| Interest-bearing deposits | $24,695 |
| Deposits held in domestic offices | $94 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $30 |
| All other liabilities | $2,985 |
| Total equity capital | $2,985 |
| Total bank equity capital | $2,985 |
| Perpetual preferred stock | $0 |
| Common stock | $50 |
| Surplus | $2,650 |
| Undivided profits | $285 |
| 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 | $588 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $223 |
| Average Assets, year-to-date | $25,886 |
| Average Assets, quarterly | $7,411 |
| Volatile liabilities | $27,836 |
| Insider loans | $27,541 |
| FHLB advances | $21,668 |
| Loans and leases held for sale | $27,603 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $2,909 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,133 |
| Derivatives | $49 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,383 |
| Total interest expense | $172 |
| Net interest income | $1,211 |
| Provision for loan and lease losses | $180 |
| Total noninterest income | $122 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $89 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $33 |
| Total noninterest expense | $957 |
| Salaries and employee benefits | $459 |
| Premises and equipment expense | $82 |
| Additional noninterest expense | $416 |
| Pre-tax net operating income | $196 |
| Securities gains (losses) | $210 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $406 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $406 |
| Net charge-offs | $0 |
| Cash dividends | $406 |
| Sale, conversion, retirement of capital stock, net | $186 |
| 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 | 0.66% |
| Net interest margin | 4.64% |
| Noninterest income to earning assets | 0.47% |
| Noninterest expense to earning assets | 3.67% |
| Net operating income to assets | 0.70% |
| Return on assets (ROA) | 1.46% |
| Pretax return on assets | 1.46% |
| Return on equity (ROE) | 15.34% |
| Retained earnings to average equity (YTD only) | 15.34% |
| Net charge-offs to loans | 1.08% |
| Credit loss provision to net charge-offs | 96.77% |
| Efficiency ratio | 2.02% |
| Assets per employee | $71,793 |
| Cash dividends to net income (YTD only) | 3.08% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.61% |
| Noncurrent assets plus other real estate owned to assets | 46.09% |
| Noncurrent loans to loans | 5.19% |
| Net loans and leases to deposits | 3.49% |
| Net loans and leases to core deposits | 67.21% |
| Equity capital to assets | 72.28% |
| Core capital (leverage) ratio | 10.77% |
| Tier 1 risk-based capital ratio | 10.54% |
| Total risk-based capital ratio | 13.43% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $27,836 |
| Average equity | $2,646 |
| Average loans | $26,103 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 1281 | State Bank In Eden Valley | 359 State Street North, Eden Valley, MN 55329 | January 02, 1932 | Full Service Brick and Mortar |  |
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