FDIC Certificate #: 14741 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Pioneer Bank (#5193) Federal Reserve ID: 763958 Date Established: May 17, 1936 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) OTS Docket #: 10681 FDIC's unique #: 9219 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: May 17, 1936 Last Structure Change Effective Date: July 01, 2001 Last Structure Change Process Date: August 16, 2001 Last Data Update: August 16, 2001 Data Source Date: April 05, 2012
Location
Address: 123 Armstrong Boulevard South, St. James, MN 56081 County: Watonwan 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: $61.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
22Total employees (full-time equivalent)
$64,581Total assets
$4,350Cash and due from depository institutions
$18Interest-bearing balances
$10,820Securities
$841Federal funds sold & reverse repurchase agreements
$47,038Net loans & leases
$434Loan loss allowance
$0Trading account assets
$398Bank premises and fixed assets
$31Other real estate owned
$140Goodwill and other intangibles
$0Life insurance assets
$963All other assets
$64,581Total liabilities and capital
$59,952Total liabilities
$56,341Total deposits
$53,072Interest-bearing deposits
$56,341Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,903Other borrowed funds
$0Subordinated debt
$708All other liabilities
$4,629Total equity capital
$4,629Total bank equity capital
$4,629Perpetual preferred stock
$0Common stock
$82Surplus
$3,628Undivided profits
Memoranda
$919Noncurrent loans and leases
$5,566Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$137Earning assets
$0Long-term assets (5+ years)
$673Average Assets, year-to-date
$58,717Average Assets, quarterly
$14,695Volatile liabilities
$59,512Insider loans
$62,806FHLB advances
$7,772Loans and leases held for sale
$656Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,566Total unused commitments
$0Restructured Loans and leases
$434Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$4,914Total interest income
$2,612Total interest expense
$2,302Net interest income
$90Provision for loan and lease losses
$534Total noninterest income
$0Fiduciary activities
$184Service charges on deposit accounts
$0Trading account gains & fees
$350Additional noninterest income
$1,308Total noninterest expense
$769Salaries and employee benefits
$91Premises and equipment expense
$448Additional noninterest expense
$1,438Pre-tax net operating income
-$2Securities gains (losses)
$169Applicable income taxes
$1,267Income before extraordinary items
$0Extraordinary gains - net
$1,267Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$60Sale, conversion, retirement of capital stock, net
$1,181Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.98%Yield on earning assets
4.77%Cost of funding earning assets
4.21%Net interest margin
0.98%Noninterest income to earning assets
2.39%Noninterest expense to earning assets
2.13%Net operating income to assets
2.13%Return on assets (ROA)
2.41%Pretax return on assets
29.76%Return on equity (ROE)
2.02%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
150.00%Credit loss provision to net charge-offs
25.47%Efficiency ratio
44,958Assets per employee
2.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
93.21%Loss allowance to loans
0.91%Loss allowance to noncurrent loans
316.79%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.29%Net loans and leases to deposits
83.49%Net loans and leases to core deposits
94.85%Equity capital to assets
7.17%Core capital (leverage) ratio
7.64%Tier 1 risk-based capital ratio
9.49%Total risk-based capital ratio
Memoranda
$10Average assets
$59,512Average earning assets
$4,258Average equity
$54,722Average loans
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