State Bank of Cold Spring in Cold Spring, Minnesota (MN)
| State Bank of Cold Spring | |
|---|---|
| General | FDIC Certificate #: 12444 Status: Active Federal Reserve ID: 116358 Bank Holding Company (Regulatory Top Holder): Lindell Bancshares, Inc. (RSSDID: 1128200, Location: Cold Spring, MN) Date Established: January 01, 1908 WWW: http://www.statebankcoldspring.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 #: 14423 FDIC's unique #: 7923 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: All Other Specialization < 1 Billion 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: 401 Main Street, Cold Spring, MN 56320 County: Stearns 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): St. Cloud, MN (#6980) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): St. Cloud, MN (#41060) CBSA Metro Statistical Area: St. Cloud, MN (#41060) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $50.8 mil Equity capital: $4.6 mil Deposits held in domestic offices: $45.3 mil Return on assets (ROA): 0.58% ($0.3 mil) Quarterly return on assets: 0.72% ($0.4 mil) Return on Equity (ROE): 6.70% ($0.3 mil) Quarterly return on equity: 8.14% ($0.4 mil) Net income: $0.3 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.58% ($294.3 mil) Quarterly Pretax return on assets: 0.72% ($365.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 16 |
| Total assets | $50,750 |
| Cash and due from depository institutions | $11,115 |
| Interest-bearing balances | $8,093 |
| Securities | $5,394 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $31,703 |
| Loan loss allowance | $530 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $494 |
| Other real estate owned | $969 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,075 |
| Life insurance assets | $50,750 |
| Total liabilities and capital | $46,185 |
| Total liabilities | $45,251 |
| Total deposits | $36,742 |
| Interest-bearing deposits | $45,251 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $865 |
| Other borrowed funds | $0 |
| Subordinated debt | $69 |
| All other liabilities | $4,565 |
| Total equity capital | $4,565 |
| Total bank equity capital | $4,565 |
| Perpetual preferred stock | $0 |
| Common stock | $75 |
| Surplus | $3,800 |
| Undivided profits | $690 |
| 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 | $198 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $189 |
| Average Assets, year-to-date | $45,190 |
| Average Assets, quarterly | $5,369 |
| Volatile liabilities | $50,681 |
| Insider loans | $51,092 |
| FHLB advances | $32,192 |
| Loans and leases held for sale | $51,859 |
| Unused loan commitments | $221 |
| Tier 1 (core) risk-based capital | $221 |
| Tier 2 risk-based capital | $4,516 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $4,135 |
| Derivatives | $1,613 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,158 |
| Total interest expense | $378 |
| Net interest income | $1,780 |
| Provision for loan and lease losses | $205 |
| Total noninterest income | $237 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $75 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $162 |
| Total noninterest expense | $1,520 |
| Salaries and employee benefits | $907 |
| Premises and equipment expense | $141 |
| Additional noninterest expense | $472 |
| Pre-tax net operating income | $292 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $292 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $292 |
| Net charge-offs | $0 |
| Cash dividends | $292 |
| Sale, conversion, retirement of capital stock, net | $268 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.81% |
| Cost of funding earning assets | 0.84% |
| Net interest margin | 3.97% |
| Noninterest income to earning assets | 0.53% |
| Noninterest expense to earning assets | 3.39% |
| Net operating income to assets | 0.58% |
| Return on assets (ROA) | 0.58% |
| Pretax return on assets | 0.58% |
| Return on equity (ROE) | 6.70% |
| Retained earnings to average equity (YTD only) | 6.70% |
| Net charge-offs to loans | 0.80% |
| Credit loss provision to net charge-offs | 76.49% |
| Efficiency ratio | 1.85% |
| Assets per employee | $75,359 |
| Cash dividends to net income (YTD only) | 3.17% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.64% |
| Noncurrent assets plus other real estate owned to assets | 267.68% |
| Noncurrent loans to loans | 2.30% |
| Net loans and leases to deposits | 0.61% |
| Net loans and leases to core deposits | 70.06% |
| Equity capital to assets | 70.06% |
| Core capital (leverage) ratio | 9.00% |
| Tier 1 risk-based capital ratio | 8.71% |
| Total risk-based capital ratio | 14.03% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $50,681 |
| Average equity | $4,357 |
| Average loans | $44,887 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7923 | State Bank Of Cold Spring | 401 Main Street, Cold Spring, MN 56320 | January 01, 1908 | Full Service Brick and Mortar |  |
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