State Bank of Hawley in Hawley, Minnesota (MN)
| State Bank of Hawley | |
|---|---|
| General | FDIC Certificate #: 11409 Status: Active Federal Reserve ID: 1008955 Bank Holding Company (Regulatory Top Holder): State Bank Of Hawley Employee Stock Ownership Plan & Trust (RSSDID: 2161437, Location: Hawley, MN) Date Established: August 01, 1892 WWW: http://www.statebankofhawley.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 7284 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: Commercial Lending 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: 416 Sixth Street, Hawley, MN 56549 County: Clay Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520) Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244) Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020) CBSA Metro Statistical Area: Fargo, ND-MN (#22020) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $90.6 mil Equity capital: $9.2 mil Deposits held in domestic offices: $81.4 mil Return on assets (ROA): 1.85% ($1.7 mil) Quarterly return on assets: 1.52% ($1.4 mil) Return on Equity (ROE): 19.17% ($1.7 mil) Quarterly return on equity: 15.03% ($1.4 mil) Net income: $1.6 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.85% ($1,676.5 mil) Quarterly Pretax return on assets: 1.52% ($1,377.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 28 |
| Total assets | $90,619 |
| Cash and due from depository institutions | $8,679 |
| Interest-bearing balances | $25 |
| Securities | $26,986 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $53,161 |
| Loan loss allowance | $691 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $890 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $903 |
| Life insurance assets | $90,619 |
| Total liabilities and capital | $81,467 |
| Total liabilities | $81,412 |
| Total deposits | $66,710 |
| Interest-bearing deposits | $81,412 |
| Deposits held in domestic offices | $93 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $55 |
| All other liabilities | $9,152 |
| Total equity capital | $9,152 |
| Total bank equity capital | $9,152 |
| Perpetual preferred stock | $0 |
| Common stock | $200 |
| Surplus | $4,800 |
| Undivided profits | $4,152 |
| 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 | $403 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $537 |
| Average Assets, year-to-date | $80,172 |
| Average Assets, quarterly | $23,134 |
| Volatile liabilities | $87,383 |
| Insider loans | $89,299 |
| FHLB advances | $59,310 |
| Loans and leases held for sale | $90,614 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $8,165 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $4,691 |
| Derivatives | $456 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,189 |
| Total interest expense | $588 |
| Net interest income | $3,601 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $298 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $192 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $106 |
| Total noninterest expense | $2,362 |
| Salaries and employee benefits | $1,605 |
| Premises and equipment expense | $216 |
| Additional noninterest expense | $541 |
| Pre-tax net operating income | $1,537 |
| Securities gains (losses) | $83 |
| Applicable income taxes | $1 |
| Income before extraordinary items | $1,619 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,619 |
| Net charge-offs | $0 |
| Cash dividends | $1,619 |
| Sale, conversion, retirement of capital stock, net | $20 |
| Net operating income | $990 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.19% |
| Cost of funding earning assets | 0.73% |
| Net interest margin | 4.46% |
| Noninterest income to earning assets | 0.37% |
| Noninterest expense to earning assets | 2.93% |
| Net operating income to assets | 1.76% |
| Return on assets (ROA) | 1.85% |
| Pretax return on assets | 1.85% |
| Return on equity (ROE) | 19.17% |
| Retained earnings to average equity (YTD only) | 7.45% |
| Net charge-offs to loans | 0.04% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 76.85% |
| Assets per employee | $60,580 |
| Cash dividends to net income (YTD only) | 3.24% |
| Condition Ratios (%) | |
| Loss allowance to loans | 61.15% |
| Loss allowance to noncurrent loans | 1.28% |
| Noncurrent assets plus other real estate owned to assets | 171.46% |
| Noncurrent loans to loans | 0.44% |
| Net loans and leases to deposits | 0.75% |
| Net loans and leases to core deposits | 65.30% |
| Equity capital to assets | 65.82% |
| Core capital (leverage) ratio | 10.10% |
| Tier 1 risk-based capital ratio | 9.01% |
| Total risk-based capital ratio | 13.77% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $87,383 |
| Average equity | $8,444 |
| Average loans | $80,702 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7284 | State Bank Of Hawley | 416 Sixth Street, Hawley, MN 56549 | August 01, 1892 | Full Service Brick and Mortar |  |
| 1 | 224598 | Moorhead Branch | 3004 South 14th Street, Moorhead, MN 56560 | January 18, 1995 | Full Service Brick and Mortar |  |
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