State Bank of Ceylon in Ceylon, Minnesota (MN)
| State Bank of Ceylon | |
|---|---|
| General | FDIC Certificate #: 8197 Status: Active Federal Reserve ID: 401951 Bank Holding Company (Regulatory Top Holder): Ceylon Bancorporation, Inc. (RSSDID: 1127173, Location: Ceylon, MN) Date Established: April 01, 1901 WWW: http://www.statebankofceylon.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 #: 5223 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: 104 West Main Street, Ceylon, MN 56121 County: Martin 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): Fairmont, MN (#21860) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $11.1 mil Equity capital: $1.3 mil Deposits held in domestic offices: $9.7 mil Return on assets (ROA): 0.32% ($0.0 mil) Quarterly return on assets: 0.21% ($0.0 mil) Return on Equity (ROE): 2.92% ($0.0 mil) Quarterly return on equity: 1.89% ($0.0 mil) Net income: $0.0 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.43% ($47.6 mil) Quarterly Pretax return on assets: 0.42% ($46.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 5 |
| Total assets | $11,062 |
| Cash and due from depository institutions | $3,087 |
| Interest-bearing balances | $1,960 |
| Securities | $2,244 |
| Federal funds sold & reverse repurchase agreements | $502 |
| Net loans & leases | $4,888 |
| Loan loss allowance | $85 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $66 |
| Other real estate owned | $61 |
| Goodwill and other intangibles | $0 |
| All other assets | $214 |
| Life insurance assets | $11,062 |
| Total liabilities and capital | $9,797 |
| Total liabilities | $9,698 |
| Total deposits | $8,207 |
| Interest-bearing deposits | $9,698 |
| Deposits held in domestic offices | $81 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $99 |
| All other liabilities | $1,265 |
| Total equity capital | $1,265 |
| Total bank equity capital | $1,265 |
| Perpetual preferred stock | $0 |
| Common stock | $75 |
| Surplus | $925 |
| Undivided profits | $265 |
| 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 | $122 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $94 |
| Average Assets, year-to-date | $9,594 |
| Average Assets, quarterly | $2,379 |
| Volatile liabilities | $11,107 |
| Insider loans | $11,328 |
| FHLB advances | $5,487 |
| Loans and leases held for sale | $11,657 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $1,226 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,166 |
| Derivatives | $782 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $457 |
| Total interest expense | $62 |
| Net interest income | $395 |
| Provision for loan and lease losses | $15 |
| Total noninterest income | $37 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $32 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $5 |
| Total noninterest expense | $369 |
| Salaries and employee benefits | $199 |
| Premises and equipment expense | $69 |
| Additional noninterest expense | $101 |
| Pre-tax net operating income | $48 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $12 |
| Income before extraordinary items | $36 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $36 |
| Net charge-offs | $0 |
| Cash dividends | $36 |
| Sale, conversion, retirement of capital stock, net | $32 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.70% |
| Cost of funding earning assets | 0.64% |
| Net interest margin | 4.06% |
| Noninterest income to earning assets | 0.38% |
| Noninterest expense to earning assets | 3.79% |
| Net operating income to assets | 0.32% |
| Return on assets (ROA) | 0.32% |
| Pretax return on assets | 0.43% |
| Return on equity (ROE) | 2.92% |
| Retained earnings to average equity (YTD only) | 2.92% |
| Net charge-offs to loans | 0.54% |
| Credit loss provision to net charge-offs | 46.88% |
| Efficiency ratio | 1.97% |
| Assets per employee | $85,417 |
| Cash dividends to net income (YTD only) | 2.21% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.71% |
| Noncurrent assets plus other real estate owned to assets | 69.67% |
| Noncurrent loans to loans | 1.65% |
| Net loans and leases to deposits | 2.45% |
| Net loans and leases to core deposits | 50.40% |
| Equity capital to assets | 61.41% |
| Core capital (leverage) ratio | 11.44% |
| Tier 1 risk-based capital ratio | 10.52% |
| Total risk-based capital ratio | 22.34% |
| Memoranda | |
| Average assets | $24 |
| Average earning assets | $11,107 |
| Average equity | $1,234 |
| Average loans | $9,726 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5223 | State Bank Of Ceylon | 104 West Main Street, Ceylon, MN 56121 | April 01, 1901 | Full Service Brick and Mortar |  |
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