State Bank of Lismore in Lismore, Minnesota (MN)
| State Bank of Lismore | |
|---|---|
| General | FDIC Certificate #: 8190 Status: Active Federal Reserve ID: 916259 Bank Holding Company (Regulatory Top Holder): Lismore Financial Services, Inc. (RSSDID: 1129186, Location: Lismore, MN) Date Established: January 01, 1900 WWW: http://www.statebankoflismore.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 #: 5216 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: Yes 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: 190 South 3rd Avenue, Lismore, MN 56155 County: Nobles Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux Falls Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Worthington, MN (#49380) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $41.0 mil Equity capital: $4.3 mil Deposits held in domestic offices: $33.4 mil Return on assets (ROA): 1.32% ($0.5 mil) Quarterly return on assets: 0.77% ($0.3 mil) Return on Equity (ROE): 12.65% ($0.5 mil) Quarterly return on equity: 7.39% ($0.3 mil) Net income: $0.5 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.32% ($541.8 mil) Quarterly Pretax return on assets: 0.77% ($316.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 8 |
| Total assets | $41,048 |
| Cash and due from depository institutions | $2,957 |
| Interest-bearing balances | $271 |
| Securities | $450 |
| Federal funds sold & reverse repurchase agreements | $2,728 |
| Net loans & leases | $32,024 |
| Loan loss allowance | $293 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $399 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,490 |
| Life insurance assets | $41,048 |
| Total liabilities and capital | $36,731 |
| Total liabilities | $33,383 |
| Total deposits | $24,722 |
| Interest-bearing deposits | $33,383 |
| Deposits held in domestic offices | $89 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $2,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $848 |
| All other liabilities | $4,317 |
| Total equity capital | $4,317 |
| Total bank equity capital | $4,317 |
| Perpetual preferred stock | $0 |
| Common stock | $25 |
| Surplus | $3,475 |
| Undivided profits | $817 |
| 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 | $289 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $570 |
| Average Assets, year-to-date | $35,473 |
| Average Assets, quarterly | $1,400 |
| Volatile liabilities | $39,960 |
| Insider loans | $41,023 |
| FHLB advances | $36,210 |
| Loans and leases held for sale | $41,193 |
| Unused loan commitments | $1,546 |
| Tier 1 (core) risk-based capital | $1,546 |
| Tier 2 risk-based capital | $4,317 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $8,006 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,986 |
| Total interest expense | $413 |
| Net interest income | $1,573 |
| Provision for loan and lease losses | $30 |
| Total noninterest income | $194 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $65 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $129 |
| Total noninterest expense | $1,211 |
| Salaries and employee benefits | $807 |
| Premises and equipment expense | $160 |
| Additional noninterest expense | $244 |
| Pre-tax net operating income | $526 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $526 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $526 |
| Net charge-offs | $0 |
| Cash dividends | $526 |
| Sale, conversion, retirement of capital stock, net | $8 |
| Net operating income | $194 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.62% |
| Cost of funding earning assets | 1.17% |
| Net interest margin | 4.45% |
| Noninterest income to earning assets | 0.55% |
| Noninterest expense to earning assets | 3.43% |
| Net operating income to assets | 1.32% |
| Return on assets (ROA) | 1.32% |
| Pretax return on assets | 1.32% |
| Return on equity (ROE) | 12.65% |
| Retained earnings to average equity (YTD only) | 7.98% |
| Net charge-offs to loans | 0.02% |
| Credit loss provision to net charge-offs | 375.00% |
| Efficiency ratio | 69.50% |
| Assets per employee | $68,534 |
| Cash dividends to net income (YTD only) | 5.13% |
| Condition Ratios (%) | |
| Loss allowance to loans | 36.88% |
| Loss allowance to noncurrent loans | 0.91% |
| Noncurrent assets plus other real estate owned to assets | 101.38% |
| Noncurrent loans to loans | 0.70% |
| Net loans and leases to deposits | 0.89% |
| Net loans and leases to core deposits | 95.93% |
| Equity capital to assets | 95.93% |
| Core capital (leverage) ratio | 10.52% |
| Tier 1 risk-based capital ratio | 10.48% |
| Total risk-based capital ratio | 11.92% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $39,960 |
| Average equity | $4,159 |
| Average loans | $35,319 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5216 | State Bank Of Lismore | 190 South 3rd Avenue, Lismore, MN 56155 | January 01, 1900 | Full Service Brick and Mortar |  |
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