State Bank of Kimball in Kimball, Minnesota (MN)
| State Bank of Kimball | |
|---|---|
| General | FDIC Certificate #: 11415 Status: Active Federal Reserve ID: 28152 Bank Holding Company (Regulatory Top Holder): Cattail Bancshares, Inc. (RSSDID: 1133549, Location: Atwater, MN) Date Established: August 08, 1901 WWW: http://www.statebankofkimball.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) OTS Docket #: 9481 FDIC's unique #: 7287 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: 75 North Main Street, Kimball, MN 55353 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 | Change in Location Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $74.9 mil Equity capital: $7.1 mil Deposits held in domestic offices: $66.6 mil Return on assets (ROA): 1.60% ($1.2 mil) Quarterly return on assets: 1.18% ($0.9 mil) Return on Equity (ROE): 17.35% ($1.2 mil) Quarterly return on equity: 12.39% ($0.9 mil) Net income: $1.2 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.61% ($1,205.4 mil) Quarterly Pretax return on assets: 1.18% ($883.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 19 |
| Total assets | $74,872 |
| Cash and due from depository institutions | $9,269 |
| Interest-bearing balances | $7,590 |
| Securities | $13,273 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $48,806 |
| Loan loss allowance | $757 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,650 |
| Other real estate owned | $28 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,846 |
| Life insurance assets | $74,872 |
| Total liabilities and capital | $67,816 |
| Total liabilities | $66,624 |
| Total deposits | $54,031 |
| Interest-bearing deposits | $66,624 |
| Deposits held in domestic offices | $88 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $860 |
| Other borrowed funds | $0 |
| Subordinated debt | $332 |
| All other liabilities | $7,056 |
| Total equity capital | $7,056 |
| Total bank equity capital | $7,056 |
| Perpetual preferred stock | $0 |
| Common stock | $75 |
| Surplus | $5,525 |
| Undivided profits | $1,456 |
| 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 | $499 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $265 |
| Average Assets, year-to-date | $69,669 |
| Average Assets, quarterly | $23,919 |
| Volatile liabilities | $73,991 |
| Insider loans | $74,527 |
| FHLB advances | $49,686 |
| Loans and leases held for sale | $74,609 |
| Unused loan commitments | $998 |
| Tier 1 (core) risk-based capital | $998 |
| Tier 2 risk-based capital | $6,878 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $7,281 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,366 |
| Total interest expense | $581 |
| Net interest income | $2,785 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $250 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $118 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $132 |
| Total noninterest expense | $1,847 |
| Salaries and employee benefits | $1,291 |
| Premises and equipment expense | $183 |
| Additional noninterest expense | $373 |
| Pre-tax net operating income | $1,188 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $1 |
| Income before extraordinary items | $1,187 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,187 |
| Net charge-offs | $0 |
| Cash dividends | $1,187 |
| Sale, conversion, retirement of capital stock, net | $15 |
| Net operating income | $860 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.91% |
| Cost of funding earning assets | 0.85% |
| Net interest margin | 4.06% |
| Noninterest income to earning assets | 0.36% |
| Noninterest expense to earning assets | 2.70% |
| Net operating income to assets | 1.60% |
| Return on assets (ROA) | 1.60% |
| Pretax return on assets | 1.61% |
| Return on equity (ROE) | 17.35% |
| Retained earnings to average equity (YTD only) | 4.78% |
| Net charge-offs to loans | 0.03% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 79.20% |
| Assets per employee | $60,857 |
| Cash dividends to net income (YTD only) | 3.94% |
| Condition Ratios (%) | |
| Loss allowance to loans | 72.45% |
| Loss allowance to noncurrent loans | 1.53% |
| Noncurrent assets plus other real estate owned to assets | 151.70% |
| Noncurrent loans to loans | 0.70% |
| Net loans and leases to deposits | 1.01% |
| Net loans and leases to core deposits | 73.26% |
| Equity capital to assets | 73.26% |
| Core capital (leverage) ratio | 9.42% |
| Tier 1 risk-based capital ratio | 9.22% |
| Total risk-based capital ratio | 13.84% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $73,991 |
| Average equity | $6,842 |
| Average loans | $68,520 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7287 | State Bank Of Kimball | 75 North Main Street, Kimball, MN 55353 | August 08, 1901 | Full Service Brick and Mortar |  |
| 1 | 224599 | St. Augusta Branch | 24952 County Road 7, St. Cloud, MN 56301 | Febuary 05, 1990 | Full Service Brick and Mortar |  |
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