FDIC Certificate #: 5174 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:American Bank of St. Paul (#20843) Federal Reserve ID: 1014956 Date Established: Febuary 15, 1910 WWW:http://www.amernat.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 9202 FDIC's unique #: 3465 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: November 22, 2004 Last Structure Change Process Date: January 04, 2005 Last Data Update: January 04, 2005 Data Source Date: April 05, 2012
Location
Address: 217 South Newton Avenue, Albert Lea, MN 56007 County: Freeborn 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 Core Based Statistical Area (CBSA): Albert Lea, MN (#10660) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $80.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
92Total employees (full-time equivalent)
$97,605Total assets
$9,226Cash and due from depository institutions
$94Interest-bearing balances
$14,988Securities
$3,158Federal funds sold & reverse repurchase agreements
$50,604Net loans & leases
$673Loan loss allowance
$0Trading account assets
$7,434Bank premises and fixed assets
$1,974Other real estate owned
$4,987Goodwill and other intangibles
$0Life insurance assets
$5,234All other assets
$97,605Total liabilities and capital
$90,998Total liabilities
$83,530Total deposits
$50,170Interest-bearing deposits
$83,530Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,023Other borrowed funds
$0Subordinated debt
$445All other liabilities
$6,607Total equity capital
$6,607Total bank equity capital
$6,607Perpetual preferred stock
$0Common stock
$3,000Surplus
$3,000Undivided profits
Memoranda
$607Noncurrent loans and leases
$3,417Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,305Earning assets
$0Long-term assets (5+ years)
$565Average Assets, year-to-date
$68,844Average Assets, quarterly
$11,329Volatile liabilities
$96,293Insider loans
$98,767FHLB advances
$20,585Loans and leases held for sale
$288Unused loan commitments
$7,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$162Total risk weighted assets
$3,417Total unused commitments
$0Restructured Loans and leases
$673Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$4,651Total interest income
$1,202Total interest expense
$3,449Net interest income
$444Provision for loan and lease losses
$5,134Total noninterest income
$0Fiduciary activities
$346Service charges on deposit accounts
$0Trading account gains & fees
$4,788Additional noninterest income
$9,499Total noninterest expense
$4,691Salaries and employee benefits
$1,204Premises and equipment expense
$3,604Additional noninterest expense
-$1,360Pre-tax net operating income
$1Securities gains (losses)
-$558Applicable income taxes
-$801Income before extraordinary items
$0Extraordinary gains - net
-$801Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$367Sale, conversion, retirement of capital stock, net
$274Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.67%Yield on earning assets
1.72%Cost of funding earning assets
4.95%Net interest margin
7.37%Noninterest income to earning assets
13.63%Noninterest expense to earning assets
-0.83%Net operating income to assets
-0.83%Return on assets (ROA)
-1.41%Pretax return on assets
-11.12%Return on equity (ROE)
-14.93%Retained earnings to average equity (YTD only)
0.67%Net charge-offs to loans
120.98%Credit loss provision to net charge-offs
-2.50%Efficiency ratio
97,705Assets per employee
1.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
-34.21%Loss allowance to loans
1.31%Loss allowance to noncurrent loans
29.20%Noncurrent assets plus other real estate owned to assets
4.38%Noncurrent loans to loans
4.50%Net loans and leases to deposits
60.58%Net loans and leases to core deposits
77.89%Equity capital to assets
6.77%Core capital (leverage) ratio
5.96%Tier 1 risk-based capital ratio
8.71%Total risk-based capital ratio
Memoranda
$10Average assets
$96,293Average earning assets
$7,201Average equity
$69,687Average loans
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