FDIC Certificate #: 8841 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:21st Century Bank (#9751) Federal Reserve ID: 301453 Date Established: November 01, 1924 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 12697 FDIC's unique #: 5636 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: November 09, 2002 Last Structure Change Process Date: December 03, 2002 Last Data Update: December 03, 2002 Data Source Date: April 05, 2012
Location
Address: 21660 South Diamond Lake Road, Rogers, MN 55374 County: Hennepin Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial Summary
Total assets: $51.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
15Total employees (full-time equivalent)
$46,152Total assets
$1,483Cash and due from depository institutions
$94Interest-bearing balances
$9,503Securities
$8,720Federal funds sold & reverse repurchase agreements
$22,516Net loans & leases
$339Loan loss allowance
$0Trading account assets
$1,759Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,171All other assets
$46,152Total liabilities and capital
$39,395Total liabilities
$39,094Total deposits
$34,824Interest-bearing deposits
$39,094Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$301All other liabilities
$6,757Total equity capital
$6,757Total bank equity capital
$6,757Perpetual preferred stock
$0Common stock
$100Surplus
$4,900Undivided profits
Memoranda
$1,757Noncurrent loans and leases
$8,589Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$275Earning assets
$0Long-term assets (5+ years)
$254Average Assets, year-to-date
$40,833Average Assets, quarterly
$6,949Volatile liabilities
$42,355Insider loans
$44,960FHLB advances
$4,211Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,589Total unused commitments
$0Restructured Loans and leases
$339Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$2,843Total interest income
$1,639Total interest expense
$1,204Net interest income
$0Provision for loan and lease losses
$636Total noninterest income
$0Fiduciary activities
$172Service charges on deposit accounts
$0Trading account gains & fees
$464Additional noninterest income
$1,281Total noninterest expense
$525Salaries and employee benefits
$389Premises and equipment expense
$367Additional noninterest expense
$559Pre-tax net operating income
$0Securities gains (losses)
$65Applicable income taxes
$494Income before extraordinary items
$0Extraordinary gains - net
$494Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$100Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.58%Yield on earning assets
4.37%Cost of funding earning assets
3.21%Net interest margin
1.70%Noninterest income to earning assets
3.42%Noninterest expense to earning assets
1.17%Net operating income to assets
1.17%Return on assets (ROA)
1.32%Pretax return on assets
7.70%Return on equity (ROE)
6.14%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
69,620Assets per employee
3.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
20.24%Loss allowance to loans
1.48%Loss allowance to noncurrent loans
123.27%Noncurrent assets plus other real estate owned to assets
0.60%Noncurrent loans to loans
1.20%Net loans and leases to deposits
57.59%Net loans and leases to core deposits
64.55%Equity capital to assets
14.64%Core capital (leverage) ratio
15.09%Tier 1 risk-based capital ratio
20.34%Total risk-based capital ratio
Memoranda
$21Average assets
$42,355Average earning assets
$6,419Average equity
$37,490Average loans
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