Quoin Financial Bank Reports – 592550

Quoin Financial Bank Financial Reports

Quater Ended: 2023-12-31

Quoin Financial Bank is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Miller, SD. Established on 01/01/1938, the bank is regulated by the FDIC and has 3 domestic offices. It operates in the N/A.

The bank has 35 employees and holds $217,178k in total assets. With a focus on community banking, the bank has been serving its customers since 01/01/1938.

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Quoin Financial Bank Institution Profile

Established Date 01/01/1938 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 3
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 35 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 57362
Ownership Type Not Mutual City Miller
State Alpha code SD State and County Number 46059
Subchapter S Corporations No Trust Powers Trust Powers Not Known
Federal Reserve ID Number 9 Federal Reserve ID Number Description MINNEAPOLIS
Office of The Comptroller District: WESTERN DISTRICT Office of Thrift Supervision Region West
Last Structure Change Effective Date 08/31/2022 Date of Deposit Insurance 11/14/1938
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of Quoin Financial Bank with our “Institution Profile” table. The 01/01/1938 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.

3 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 Miller, SD, and 57362 provide geographic context. Explore these attributes to gain a holistic view of Quoin Financial Bank in the financial landscape.

Quoin Financial Bank Financials

(USD, in thousands)

Total Assets 217,178 Total Liabilities 185,423
Total Equity Capital 31,755 Total Deposits 175,788
Net Loans and Leases 155,119 Total Interest Income 2,481
Total Noninterest Income 140 Total Interest Expense 599
Total Noninterest Expense 1,277 Tier 1 Risk-Based Capital Ratio 11
Net Loans and Leases to Core Deposits 97 Return on Assets 1
Return on Equity 8 Efficiency Ratio 50

Financial Performance Overview

Gain a comprehensive perspective on Quoin Financial Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $217,178k, 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 $185,423k and total equity capital at $31,755k.

Delve into key operational metrics, including total deposits of $175,788k, net loans and leases at $155k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 10.6522, and Return on Assets at 1.1. 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 Quoin Financial Bank’s performance and competitive positioning within the financial industry.

Quoin Financial Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) 0 Net Loans and Leases to Core Deposits 97
Tier 1 Risk-Based Capital Ratio 11 Securities Gains (Losses) 0
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 1
Yield on Earning Assets 5 Total Interest Income 2,481
Applicable Income Taxes 168 Loss Allowance to Loans and Leases 1
Net Loans and Leases 155,119 Loss Allowance to Noncurrent Loans and Leases 2,635
Noncurrent Loans to Loans 0 Net Income Attributable to Bank and Noncontrolling Interests 577
Net Interest Income 1,882 Net Interest Margin 4
Net Operating Income to Assets 1 Noninterest Income to Average Assets 0
Total Noninterest Income 140 Noninterest Expense to Average Assets 2
Total Noninterest Expense 1,277 Net Charge-Offs to Loans and Leases 0
All Other Assets 6,929 Other Real Estate Owned 0
Other borrowed funds 6,046 Pre-tax Net Operating Income 745
Pretax Return on Assets 1 Return on Assets 1
Retained Earnings to Average Equity (YTD only) 2

Insights into Financial Metrics

Enhance your understanding of Quoin Financial Bank’s financial standing through our “Additional Financial Information” table. Explore key metrics such as Net Loans and Leases: $155,119k and Net Interest Income $1,882k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 10.6522 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income:$140k and evaluate operational efficiency using metrics like Efficiency Ratio: 50.4. This nuanced financial overview empowers a comprehensive analysis of Quoin Financial Bank’s strategic financial position and performance in the industry.

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