Lowry State Bank Reports – 457

Lowry State Bank Financial Reports

Quater Ended: 2024-03-31

Lowry State Bank is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Lowry, MN. Established on 10/04/1899, the bank is regulated by the FDIC and has 1 domestic offices. It operates in the N/A.

The bank has 8 employees and holds $79,712k in total assets. With a focus on community banking, the bank has been serving its customers since 10/04/1899.

Learn more about Lowry State Bank on Visbanking Report Portal. See pricing on Visbanking Pricing Page or request a demo on Request Demo Page. Follow us on Linkedin for more information about the US Banking System Visbanking Linkedin Page for the latest updates.

Lowry State Bank Institution Profile

Established Date 10/04/1899 Institution Class Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC)
Primary Regulator FDIC Number of Domestic Offices 1
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 8 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 56349
Ownership Type Not Mutual City Lowry
State Alpha code MN State and County Number 27121
Subchapter S Corporations Yes Trust Powers Trust Powers Not Known
Federal Reserve ID Number 9 Federal Reserve ID Number Description MINNEAPOLIS
Office of The Comptroller District: CENTRAL DISTRICT Office of Thrift Supervision Region West
Last Structure Change Effective Date 06/30/2024 Date of Deposit Insurance 01/01/1934
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of Lowry State Bank with our “Institution Profile” table. The 10/04/1899 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC), the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

1 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Lowry, MN, and 56349 provide geographic context. Explore these attributes to gain a holistic view of Lowry State Bank in the financial landscape.

Lowry State Bank Financials

(USD, in thousands)

Total Assets 79,712 Total Liabilities 73,231
Total Equity Capital 6,481 Total Deposits 65,479
Net Loans and Leases 72,366 Total Interest Income 1,195
Total Noninterest Income -5 Total Interest Expense 465
Total Noninterest Expense 487 Tier 1 Risk-Based Capital Ratio 10
Net Loans and Leases to Core Deposits 119 Return on Assets 1
Return on Equity 12 Efficiency Ratio 67

Financial Performance Overview

Gain a comprehensive perspective on Lowry State Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $79,712k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $73,231k and total equity capital at $6,481k.

Delve into key operational metrics, including total deposits of $65,479k, net loans and leases at $72k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 10.1351, and Return on Assets at 1. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Lowry State Bank’s performance and competitive positioning within the financial industry.

Lowry State Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) 0 Net Loans and Leases to Core Deposits 119
Tier 1 Risk-Based Capital Ratio 10 Securities Gains (Losses) 3
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 2
Yield on Earning Assets 6 Total Interest Income 1,195
Applicable Income Taxes 0 Loss Allowance to Loans and Leases 1
Net Loans and Leases 72,366 Loss Allowance to Noncurrent Loans and Leases 112
Noncurrent Loans to Loans 1 Net Income Attributable to Bank and Noncontrolling Interests 198
Net Interest Income 730 Net Interest Margin 4
Net Operating Income to Assets 1 Noninterest Income to Average Assets 0
Total Noninterest Income -5 Noninterest Expense to Average Assets 2
Total Noninterest Expense 487 Net Charge-Offs to Loans and Leases 0
All Other Assets 1,078 Other Real Estate Owned 0
Other borrowed funds 7,500 Pre-tax Net Operating Income 195
Pretax Return on Assets 1 Return on Assets 1
Retained Earnings to Average Equity (YTD only) 7

Insights into Financial Metrics

Enhance your understanding of Lowry State Bank’s financial standing through our “Additional Financial Information” table. Explore key metrics such as Net Loans and Leases: $72,366k and Net Interest Income $730k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 10.1351 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: -0.01 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income:$-5k and evaluate operational efficiency using metrics like Efficiency Ratio: 67.17. This nuanced financial overview empowers a comprehensive analysis of Lowry State Bank’s strategic financial position and performance in the industry.

This table provides key financial information about Lowry State Bank. Get more data about Lowry State Bank on Visbanking Report Portal.