FDIC Certificate #: 20712 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:American Bank of St. Paul (#20843) Federal Reserve ID: 168759 Date Established: June 12, 1972 WWW:http://www.americanstatebankforyou.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 14303 Numeric code: 13 Regulator: FED 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: June 12, 1972 Last Structure Change Effective Date: October 24, 2005 Last Structure Change Process Date: November 08, 2005 Last Data Update: November 08, 2005 Data Source Date: April 05, 2012
Location
Address: 815 East Depue Avenue, Olivia, MN 56277 County: Renville Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Mankato Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
Financial Summary
Total assets: $75.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
20Total employees (full-time equivalent)
$74,558Total assets
$4,686Cash and due from depository institutions
$1,879Interest-bearing balances
$1,999Securities
$1,500Federal funds sold & reverse repurchase agreements
$63,795Net loans & leases
$958Loan loss allowance
$0Trading account assets
$602Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,976All other assets
$74,558Total liabilities and capital
$68,066Total liabilities
$64,828Total deposits
$59,820Interest-bearing deposits
$64,828Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,000Other borrowed funds
$0Subordinated debt
$238All other liabilities
$6,492Total equity capital
$6,492Total bank equity capital
$6,492Perpetual preferred stock
$0Common stock
$521Surplus
$5,235Undivided profits
Memoranda
$736Noncurrent loans and leases
$9,349Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$258Earning assets
$0Long-term assets (5+ years)
$1,112Average Assets, year-to-date
$69,173Average Assets, quarterly
$11,122Volatile liabilities
$65,297Insider loans
$71,871FHLB advances
$11,124Loans and leases held for sale
$0Unused loan commitments
$3,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,349Total unused commitments
$603Restructured Loans and leases
$815Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$4,132Total interest income
$1,280Total interest expense
$2,852Net interest income
$433Provision for loan and lease losses
$63Total noninterest income
$0Fiduciary activities
$27Service charges on deposit accounts
$0Trading account gains & fees
$36Additional noninterest income
$1,450Total noninterest expense
$868Salaries and employee benefits
$177Premises and equipment expense
$405Additional noninterest expense
$1,032Pre-tax net operating income
$0Securities gains (losses)
$416Applicable income taxes
$616Income before extraordinary items
$0Extraordinary gains - net
$616Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$185Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.75%Yield on earning assets
2.09%Cost of funding earning assets
4.66%Net interest margin
0.10%Noninterest income to earning assets
2.37%Noninterest expense to earning assets
0.94%Net operating income to assets
0.94%Return on assets (ROA)
1.58%Pretax return on assets
10.37%Return on equity (ROE)
10.37%Retained earnings to average equity (YTD only)
0.32%Net charge-offs to loans
234.05%Credit loss provision to net charge-offs
7.92%Efficiency ratio
49,743Assets per employee
3.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.48%Loss allowance to noncurrent loans
371.32%Noncurrent assets plus other real estate owned to assets
0.35%Noncurrent loans to loans
0.40%Net loans and leases to deposits
98.41%Net loans and leases to core deposits
118.79%Equity capital to assets
8.71%Core capital (leverage) ratio
9.12%Tier 1 risk-based capital ratio
9.98%Total risk-based capital ratio
Memoranda
$11Average assets
$65,297Average earning assets
$5,941Average equity
$61,236Average loans
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