First State Bank Of Sauk Centre Mortgage Rates, Fees & Info
Sauk Centre, MN
LEI: 5493007MKQH8XXY5FT89
Tax ID: 41-0257200
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Mortgage Data
Bank Data
Review & Overview
First State Bank Of Sauk Centre is a smaller bank specializing in
various types of mortgages.
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Originations
0
Origination Dollar Volume (All Markets)
$0
Employee count
17
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| FIRST NATIONAL BANK OF OMAHA |
Conventional home mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
25.0% |
| FIRST NATIONAL BANK OF OMAHA |
Conventional home mortgage |
Trouble during payment process |
1 |
25.0% |
| FIRST NATIONAL BANK OF OMAHA |
FHA mortgage |
Improper use of your report |
1 |
25.0% |
| FIRST NATIONAL BANK OF OMAHA |
Other type of mortgage |
Struggling to pay mortgage |
1 |
25.0% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| First State Bank of Sauk Centre |
423 Main Street Sauk Centre, MN 56378 |
Full Service B&M
|
$113,851 |
| First State Bank of Sauk Centre |
80 South 8th Street, Suite 710 Minneapolis, MN 55402 |
Full Service B&M
|
$5,387 |
For 2021, First State Bank Of Sauk Centre had 2 branches.
Yearly Performance Overview
Bank Income
First State Bank Of Sauk Centre's gross interest income from loans was $4,522,000.
First State Bank Of Sauk Centre's net interest income from loans was $4,022,000.
First State Bank Of Sauk Centre's fee based income from loans was $73,000.
First State Bank Of Sauk Centre's net income from loans was $1,448,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$500 |
| Provision for credit losses |
$72 |
| Total noninterest expense |
$2,269 |
| Salaries and employee benefits |
$1,448 |
| Premises and equipment expense |
$168 |
| Additional noninterest expense |
$653 |
| Applicable income taxes |
$580 |
| Net charge-offs |
$1 |
| Cash dividends |
$2,878 |
First State Bank Of Sauk Centre's interest expense for loans was $500,000.
First State Bank Of Sauk Centre's payroll and benefits expense were $1,448,000.
First State Bank Of Sauk Centre's property, plant and equipment expenses $168,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$116,525 |
| Deposits held in domestic offices |
$116,525 |
| Deposits by Individuals, partnerships, and corporations |
$105,564 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$10,961 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$0 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$38,610 |
| Demand deposits |
$18,492 |
| Nontransaction accounts |
$77,915 |
| Money market deposit accounts (MMDAs) |
$20,579 |
| Other savings deposits (excluding MMDAs) |
$23,290 |
| Total time deposits |
$34,046 |
| Total time and savings deposits |
$98,033 |
| Noninterest-bearing deposits |
$18,492 |
| Interest-bearing deposits |
$98,033 |
| Retail deposits |
$110,927 |
| IRAs and Keogh plan accounts |
$8,590 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$133,245 |
| Cash & Balances due from depository institutions |
$15,788 |
| Interest-bearing balances |
$15,101 |
| Total securities |
$36,890 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$75,739 |
| Loan and leases loss allowance |
$967 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$1,706 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$1,297 |
| All other assets |
$1,825 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$133,245 |
| Total Liabilities |
$118,728 |
| Total deposits |
$116,525 |
| Interest-bearing deposits |
$98,033 |
| Deposits held in domestic offices |
$116,525 |
| % insured (estimated) |
$87 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$2,000 |
| Subordinated debt |
$0 |
| All other liabilities |
$203 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$75,739 |
| Loan and leases loss allowance |
$967 |
| Total loans and leases (domestic) |
$76,706 |
| All real estate loans |
$56,126 |
| Real estate loans in domestic offices |
$56,126 |
| Construction and development loans |
$3,358 |
| Residential 1-4 family construction |
$2,877 |
| Other construction, all land development and other land |
$481 |
| Loans secured by nonfarm nonresidential properties |
$27,845 |
| Nonfarm nonresidential secured by owner-occupied properties |
$11,973 |
| Commercial real estate & other non-farm, non-residential |
$15,872 |
| Multifamily residential real estate |
$0 |
| 1-4 family residential loans |
$16,425 |
| Farmland loans |
$8,498 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$4,955 |
| Commercial and industrial loans |
$11,819 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$3,803 |
| Credit card loans |
$0 |
| Related Plans |
$72 |
| Consumer Auto Loans |
$1,680 |
| Other loans to individuals |
$2,051 |
| All other loans & leases |
$3 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$3 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$0 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$0 |
| Non 1-4 family restructured loans & leases |
$0 |
| Total loans and leases (foreign) |
$0 |
First State Bank of Sauk Centre had $75,739,000 of loans outstanding in 2021. $56,126,000 of loans were in real estate loans.
$3,358,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans.
$16,425,000 of loans were in 1-4 family mortgage loans. $4,955,000 of loans were in farm loans. $0
of loans were in credit card loans. $1,680,000 of loans were in the auto loan category.
Small Business Loans
| Categorization |
# of Loans in Category |
$ amount of loans (in 000's) |
Average $/loan |
| Nonfarm, nonresidential loans - <$1MM |
138 |
$20,902 |
$151,464 |
| Nonfarm, nonresidential loans - <$100k |
55 |
$2,842 |
$51,673 |
| Nonfarm, nonresidential loans - $100-250k |
47 |
$6,083 |
$129,426 |
| Nonfarm, nonresidential loans - $250k-1MM |
36 |
$11,977 |
$332,694 |
| Commercial & Industrial, US addressed loans - <$1MM |
152 |
$7,157 |
$47,086 |
| Commercial & Industrial, US addressed loans - <$100k |
127 |
$2,758 |
$21,717 |
| Commercial & Industrial, US addressed loans - $100-250k |
19 |
$1,976 |
$104,000 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
6 |
$2,423 |
$403,833 |
| Farmland loans - <$1MM |
36 |
$4,367 |
$121,306 |
| Farmland loans - <$100k |
11 |
$551 |
$50,091 |
| Farmland loans - $100-250k |
21 |
$2,646 |
$126,000 |
| Farmland loans - $250k-1MM |
4 |
$1,170 |
$292,500 |
| Agriculture operations loans - <$1MM |
79 |
$4,162 |
$52,684 |
| Agriculture operations loans - <$100k |
58 |
$1,007 |
$17,362 |
| Agriculture operations loans - $100-250k |
16 |
$1,713 |
$107,063 |
| Agriculture operations loans - $250k-1MM |
5 |
$1,442 |
$288,400 |