Buffalo Ridge State Bank of Ruthton, Inc. in Ruthton, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2001

Buffalo Ridge State Bank of Ruthton, Inc. in Ruthton, Minnesota (MN)
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Buffalo Ridge State Bank of Ruthton, Inc. - Overview

General
FDIC Certificate #: 9345
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Buffalo Ridge Bank (#8219)
Federal Reserve ID: 792958
Date Established: January 01, 1917
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 5996
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: April 01, 2001
Last Structure Change Process Date: April 26, 2001
Last Data Update: April 26, 2001
Data Source Date: April 05, 2012
Location
Address: Main Street, Ruthton, MN 56170
County: Pipestone
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux Falls
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $11.6 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, 2000)

Dollar figures in thousands
8Total employees (full-time equivalent)
$12,249Total assets
$652Cash and due from depository institutions
$0Interest-bearing balances
$3,808Securities
$0Federal funds sold & reverse repurchase agreements
$7,431Net loans & leases
$72Loan loss allowance
$0Trading account assets
$113Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$245All other assets
$12,249Total liabilities and capital
$11,122Total liabilities
$10,930Total deposits
$8,924Interest-bearing deposits
$10,930Deposits held in domestic offices
0.00%% insured (estimated)
$133Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$59All other liabilities
$1,127Total equity capital
$1,127Total bank equity capital
$1,127Perpetual preferred stock
$0Common stock
$60Surplus
$550Undivided profits
Memoranda
$517Noncurrent loans and leases
$298Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$74Earning assets
$0Long-term assets (5+ years)
$170Average Assets, year-to-date
$11,239Average Assets, quarterly
$1,388Volatile liabilities
$11,556Insider loans
$11,827FHLB advances
$828Loans and leases held for sale
$238Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$298Total unused commitments
$0Restructured Loans and leases
$72Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$891Total interest income
$386Total interest expense
$505Net interest income
$16Provision for loan and lease losses
$29Total noninterest income
$0Fiduciary activities
$27Service charges on deposit accounts
$0Trading account gains & fees
$2Additional noninterest income
$366Total noninterest expense
$215Salaries and employee benefits
$72Premises and equipment expense
$79Additional noninterest expense
$152Pre-tax net operating income
-$1Securities gains (losses)
$21Applicable income taxes
$130Income before extraordinary items
$0Extraordinary gains - net
$130Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$6Sale, conversion, retirement of capital stock, net
$50Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.36%Yield on earning assets
3.62%Cost of funding earning assets
4.74%Net interest margin
0.27%Noninterest income to earning assets
3.43%Noninterest expense to earning assets
1.13%Net operating income to assets
1.12%Return on assets (ROA)
1.31%Pretax return on assets
12.66%Return on equity (ROE)
7.79%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
266.67%Credit loss provision to net charge-offs
28.00%Efficiency ratio
68,539Assets per employee
1.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.46%Loss allowance to loans
0.96%Loss allowance to noncurrent loans
97.30%Noncurrent assets plus other real estate owned to assets
0.60%Noncurrent loans to loans
0.99%Net loans and leases to deposits
67.99%Net loans and leases to core deposits
72.60%Equity capital to assets
9.20%Core capital (leverage) ratio
9.60%Tier 1 risk-based capital ratio
13.45%Total risk-based capital ratio
Memoranda
$14Average assets
$11,556Average earning assets
$1,027Average equity
$10,662Average loans

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