State Bank of Belle Plaine in Belle Plaine, Minnesota (MN)
| State Bank of Belle Plaine | |
|---|---|
| General | FDIC Certificate #: 1383 Status: Active Federal Reserve ID: 145750 Bank Holding Company (Regulatory Top Holder): Belle Plaine Bancorporation, Inc. (RSSDID: 1134573, Location: Belle Plaine, MN) Date Established: December 11, 1882 WWW: http://www.statebankbp.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Domestic: 3, Interstate: No) FDIC's unique #: 907 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: 201 West Main Street, Belle Plaine, MN 56011 County: Scott 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 Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $99.9 mil Equity capital: $12.5 mil Deposits held in domestic offices: $86.7 mil Return on assets (ROA): 0.67% ($0.7 mil) Quarterly return on assets: 0.66% ($0.7 mil) Return on Equity (ROE): 5.40% ($0.7 mil) Quarterly return on equity: 5.30% ($0.7 mil) Net income: $0.6 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.75% ($749.6 mil) Quarterly Pretax return on assets: 0.74% ($739.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 22 |
| Total assets | $99,942 |
| Cash and due from depository institutions | $5,080 |
| Interest-bearing balances | $3,003 |
| Securities | $53,391 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $37,953 |
| Loan loss allowance | $906 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,317 |
| Other real estate owned | $826 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,375 |
| Life insurance assets | $99,942 |
| Total liabilities and capital | $87,421 |
| Total liabilities | $86,735 |
| Total deposits | $76,443 |
| Interest-bearing deposits | $86,735 |
| Deposits held in domestic offices | $83 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $686 |
| All other liabilities | $12,521 |
| Total equity capital | $12,521 |
| Total bank equity capital | $12,521 |
| Perpetual preferred stock | $0 |
| Common stock | $150 |
| Surplus | $3,850 |
| Undivided profits | $8,521 |
| 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 | $1,792 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $723 |
| Average Assets, year-to-date | $94,347 |
| Average Assets, quarterly | $44,772 |
| Volatile liabilities | $95,917 |
| Insider loans | $99,449 |
| FHLB advances | $50,780 |
| Loans and leases held for sale | $99,596 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $11,290 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $5,827 |
| Derivatives | $24 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,001 |
| Total interest expense | $674 |
| Net interest income | $3,327 |
| Provision for loan and lease losses | $155 |
| Total noninterest income | $303 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $134 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $169 |
| Total noninterest expense | $2,759 |
| Salaries and employee benefits | $1,634 |
| Premises and equipment expense | $342 |
| Additional noninterest expense | $783 |
| Pre-tax net operating income | $716 |
| Securities gains (losses) | -$1 |
| Applicable income taxes | $69 |
| Income before extraordinary items | $646 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $646 |
| Net charge-offs | $0 |
| Cash dividends | $646 |
| Sale, conversion, retirement of capital stock, net | $321 |
| Net operating income | $600 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.49% |
| Cost of funding earning assets | 0.76% |
| Net interest margin | 3.73% |
| Noninterest income to earning assets | 0.34% |
| Noninterest expense to earning assets | 3.10% |
| Net operating income to assets | 0.67% |
| Return on assets (ROA) | 0.67% |
| Pretax return on assets | 0.75% |
| Return on equity (ROE) | 5.40% |
| Retained earnings to average equity (YTD only) | 0.38% |
| Net charge-offs to loans | 0.83% |
| Credit loss provision to net charge-offs | 48.29% |
| Efficiency ratio | 2.71% |
| Assets per employee | $76,006 |
| Cash dividends to net income (YTD only) | 4.54% |
| Condition Ratios (%) | |
| Loss allowance to loans | 92.88% |
| Loss allowance to noncurrent loans | 2.33% |
| Noncurrent assets plus other real estate owned to assets | 50.56% |
| Noncurrent loans to loans | 2.77% |
| Net loans and leases to deposits | 4.61% |
| Net loans and leases to core deposits | 43.76% |
| Equity capital to assets | 44.54% |
| Core capital (leverage) ratio | 12.53% |
| Tier 1 risk-based capital ratio | 11.34% |
| Total risk-based capital ratio | 22.23% |
| Memoranda | |
| Average assets | $23 |
| Average earning assets | $95,917 |
| Average equity | $11,973 |
| Average loans | $89,138 |
| 3 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 907 | State Bank Of Belle Plaine | 201 West Main Street, Belle Plaine, MN 56011 | December 11, 1882 | Full Service Brick and Mortar |  |
| 1 | 477875 | Kingsway Retirement Living | 815 West Main Street, Belle Plaine, MN 56011 | June 23, 2008 |  | |
| 2 | 493268 | State Bank Of Belle Plaine Branch | 815 West Main Street, Belle Plaine, MN 56011 | July 01, 2008 | Full Service Retail | |
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