Bank of Ellendale in Ellendale, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 11, 1997

Bank of Ellendale in Ellendale, Minnesota (MN)
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Bank of Ellendale - Overview

General
FDIC Certificate #: 9763
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The First National Bank of Waseca (#5270)
Federal Reserve ID: 12759
Date Established: October 01, 1900
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 6248
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: July 11, 1997
Last Structure Change Process Date: July 22, 1997
Last Data Update: July 22, 1997
Data Source Date: April 05, 2012
Location
Address: 117 Fifth Avenue, Ellendale, MN 56026
County: Steele
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): Owatonna, MN (#36940)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $18.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$19,083Cash and due from depository institutions
$1,057Interest-bearing balances
$0Securities
$4,697Federal funds sold & reverse repurchase agreements
$1,615Net loans & leases
$11,038Loan loss allowance
$256Trading account assets
$0Bank premises and fixed assets
$183Other real estate owned
$16Goodwill and other intangibles
$241Life insurance assets
$236All other assets
$0Total liabilities and capital
$19,083Total liabilities
$17,243Total deposits
$17,044Interest-bearing deposits
$15,454Deposits held in domestic offices
17044.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$199Total equity capital
$199Total bank equity capital
$1,840Perpetual preferred stock
$0Common stock
$94Surplus
$1,128Undivided profits
Memoranda
$618Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$90Income earned, not collected on loans
$178Earning assets
$17,350Long-term assets (5+ years)
$1,348Average Assets, year-to-date
$18,836Average Assets, quarterly
$19,133Volatile liabilities
$756Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,609Total risk weighted assets
$10,095Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$1,455Total interest expense
$690Net interest income
$765Provision for loan and lease losses
$0Total noninterest income
$257Fiduciary activities
$0Service charges on deposit accounts
$111Trading account gains & fees
$0Additional noninterest income
$146Total noninterest expense
$570Salaries and employee benefits
$258Premises and equipment expense
$68Additional noninterest expense
$244Pre-tax net operating income
$452Securities gains (losses)
$0Applicable income taxes
$190Income before extraordinary items
$262Extraordinary gains - net
$0Net income attributable to bank
$262Net charge-offs
$2Cash dividends
$16Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.39%Cost of funding earning assets
3.98%Net interest margin
4.41%Noninterest income to earning assets
1.48%Noninterest expense to earning assets
3.29%Net operating income to assets
1.39%Return on assets (ROA)
1.39%Pretax return on assets
2.40%Return on equity (ROE)
15.33%Retained earnings to average equity (YTD only)
14.40%Net charge-offs to loans
0.02%Credit loss provision to net charge-offs
0.00%Efficiency ratio
53,914Assets per employee
2.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
6.11%Loss allowance to loans
2.27%Loss allowance to noncurrent loans
284.44%Noncurrent assets plus other real estate owned to assets
0.56%Noncurrent loans to loans
0.80%Net loans and leases to deposits
64.76%Net loans and leases to core deposits
67.77%Equity capital to assets
9.64%Core capital (leverage) ratio
8.44%Tier 1 risk-based capital ratio
15.94%Total risk-based capital ratio
Memoranda
$17Average assets
$18,836Average earning assets
$1,709Average equity
$17,346Average loans

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