FDIC Certificate #: 15448 Status: Inactive Closing history: Corrections Acquiring institution:Community Development Bank, FSB (#10568) Federal Reserve ID: 1006858 Date Established: January 01, 1936 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 9760 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: December 12, 1936 Last Structure Change Effective Date: Febuary 05, 2010 Last Structure Change Process Date: Febuary 09, 2010 Last Data Update: Febuary 09, 2010 Data Source Date: April 05, 2012
Location
Address: Main Street, Hancock, MN 56244 County: Stevens Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $18.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
6Total employees (full-time equivalent)
$18,155Total assets
$4,268Cash and due from depository institutions
$796Interest-bearing balances
$2,289Securities
$415Federal funds sold & reverse repurchase agreements
$9,994Net loans & leases
$826Loan loss allowance
$0Trading account assets
$157Bank premises and fixed assets
$696Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$336All other assets
$18,155Total liabilities and capital
$17,863Total liabilities
$16,327Total deposits
$13,959Interest-bearing deposits
$16,327Deposits held in domestic offices
89.77%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,500Other borrowed funds
$0Subordinated debt
$36All other liabilities
$292Total equity capital
$292Total bank equity capital
$292Perpetual preferred stock
$0Common stock
$50Surplus
$1,800Undivided profits
Memoranda
$-1,558Noncurrent loans and leases
$1,107Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,423Earning assets
$0Long-term assets (5+ years)
$102Average Assets, year-to-date
$13,494Average Assets, quarterly
$862Volatile liabilities
$21,365Insider loans
$18,276FHLB advances
$3,004Loans and leases held for sale
$131Unused loan commitments
$1,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,107Total unused commitments
$490Restructured Loans and leases
$156Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$786Total interest income
$351Total interest expense
$435Net interest income
$1,330Provision for loan and lease losses
-$17Total noninterest income
$0Fiduciary activities
$29Service charges on deposit accounts
$0Trading account gains & fees
-$46Additional noninterest income
$700Total noninterest expense
$240Salaries and employee benefits
$139Premises and equipment expense
$321Additional noninterest expense
-$1,612Pre-tax net operating income
-$1Securities gains (losses)
-$143Applicable income taxes
-$1,470Income before extraordinary items
$0Extraordinary gains - net
-$1,470Net income attributable to bank
$0Net charge-offs
-$1,470Cash dividends
$1,871Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.46%Yield on earning assets
1.99%Cost of funding earning assets
2.47%Net interest margin
-0.10%Noninterest income to earning assets
3.97%Noninterest expense to earning assets
-6.88%Net operating income to assets
-6.88%Return on assets (ROA)
-7.55%Pretax return on assets
-159.37%Return on equity (ROE)
-159.37%Retained earnings to average equity (YTD only)
13.89%Net charge-offs to loans
71.08%Credit loss provision to net charge-offs
-0.15%Efficiency ratio
167,225Assets per employee
3.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
7.63%Loss allowance to noncurrent loans
58.05%Noncurrent assets plus other real estate owned to assets
11.67%Noncurrent loans to loans
13.15%Net loans and leases to deposits
61.21%Net loans and leases to core deposits
67.42%Equity capital to assets
1.61%Core capital (leverage) ratio
1.60%Tier 1 risk-based capital ratio
2.48%Total risk-based capital ratio
Memoranda
$4Average assets
$21,365Average earning assets
$922Average equity
$17,621Average loans
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