Bank Midwest of Cottonwood County in Windom, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 09, 2000

Bank Midwest of Cottonwood County in Windom, Minnesota (MN)
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Bank Midwest of Cottonwood County - Overview

General
FDIC Certificate #: 10992
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank Midwest (#5170)
Federal Reserve ID: 840756
Date Established: January 01, 1902
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 7043
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: October 09, 2000
Last Structure Change Process Date: November 13, 2000
Last Data Update: November 13, 2000
Data Source Date: April 05, 2012
Location
Address: 245 Ninth Street, Windom, MN 56101
County: Cottonwood
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: $76.2 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
28Total employees (full-time equivalent)
$83,091Total assets
$2,585Cash and due from depository institutions
$498Interest-bearing balances
$14,353Securities
$630Federal funds sold & reverse repurchase agreements
$53,024Net loans & leases
$2,023Loan loss allowance
$0Trading account assets
$2,252Bank premises and fixed assets
$57Other real estate owned
$6,479Goodwill and other intangibles
$0Life insurance assets
$3,711All other assets
$83,091Total liabilities and capital
$71,001Total liabilities
$65,402Total deposits
$56,660Interest-bearing deposits
$65,402Deposits held in domestic offices
0.00%% insured (estimated)
$5,089Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$510All other liabilities
$12,090Total equity capital
$12,090Total bank equity capital
$12,090Perpetual preferred stock
$0Common stock
$200Surplus
$11,559Undivided profits
Memoranda
$331Noncurrent loans and leases
$1,244Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,387Earning assets
$0Long-term assets (5+ years)
$1,576Average Assets, year-to-date
$68,505Average Assets, quarterly
$7,495Volatile liabilities
$101,944Insider loans
$82,469FHLB advances
$10,165Loans and leases held for sale
$20Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$314Total risk weighted assets
$1,244Total unused commitments
$58Restructured Loans and leases
$772Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$4,156Total interest income
$1,890Total interest expense
$2,266Net interest income
$0Provision for loan and lease losses
$283Total noninterest income
$0Fiduciary activities
$143Service charges on deposit accounts
$0Trading account gains & fees
$140Additional noninterest income
$1,593Total noninterest expense
$718Salaries and employee benefits
$240Premises and equipment expense
$635Additional noninterest expense
$956Pre-tax net operating income
-$190Securities gains (losses)
$314Applicable income taxes
$452Income before extraordinary items
$0Extraordinary gains - net
$452Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$422Sale, conversion, retirement of capital stock, net
$4,500Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.68%Yield on earning assets
2.13%Cost of funding earning assets
2.55%Net interest margin
0.32%Noninterest income to earning assets
1.79%Noninterest expense to earning assets
0.56%Net operating income to assets
0.44%Return on assets (ROA)
0.75%Pretax return on assets
3.67%Return on equity (ROE)
-32.85%Retained earnings to average equity (YTD only)
0.62%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
2.27%Efficiency ratio
56,179Assets per employee
2.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
995.58%Loss allowance to loans
3.68%Loss allowance to noncurrent loans
84.75%Noncurrent assets plus other real estate owned to assets
2.94%Noncurrent loans to loans
4.34%Net loans and leases to deposits
81.07%Net loans and leases to core deposits
87.90%Equity capital to assets
14.55%Core capital (leverage) ratio
7.97%Tier 1 risk-based capital ratio
9.48%Total risk-based capital ratio
Memoranda
$11Average assets
$101,944Average earning assets
$12,322Average equity
$88,759Average loans

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