FDIC Certificate #: 15599 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Integrity Bank Plus (#15578) Federal Reserve ID: 806257 Date Established: November 01, 1935 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 9885 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: April 25, 1938 Last Structure Change Effective Date: September 30, 1999 Last Structure Change Process Date: November 05, 1999 Last Data Update: November 05, 1999 Data Source Date: April 05, 2012
Location
Address: Main Street, Walnut Grove, MN 56180 County: Redwood 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: $15.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
8Total employees (full-time equivalent)
$15,582Total assets
$1,019Cash and due from depository institutions
$198Interest-bearing balances
$3,513Securities
$622Federal funds sold & reverse repurchase agreements
$9,869Net loans & leases
$290Loan loss allowance
$0Trading account assets
$59Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$500All other assets
$15,582Total liabilities and capital
$13,473Total liabilities
$13,251Total deposits
$10,378Interest-bearing deposits
$13,251Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$222All other liabilities
$2,109Total equity capital
$2,109Total bank equity capital
$2,109Perpetual preferred stock
$0Common stock
$100Surplus
$1,275Undivided profits
Memoranda
$734Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$390Earning assets
$0Long-term assets (5+ years)
$405Average Assets, year-to-date
$14,202Average Assets, quarterly
$248Volatile liabilities
$15,298Insider loans
$15,134FHLB advances
$950Loans and leases held for sale
$385Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$11,863Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$1,160Total interest income
$463Total interest expense
$697Net interest income
-$70Provision for loan and lease losses
$22Total noninterest income
$0Fiduciary activities
$20Service charges on deposit accounts
$0Trading account gains & fees
$2Additional noninterest income
$657Total noninterest expense
$516Salaries and employee benefits
$16Premises and equipment expense
$125Additional noninterest expense
$132Pre-tax net operating income
$0Securities gains (losses)
$30Applicable income taxes
$102Income before extraordinary items
$0Extraordinary gains - net
$102Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3Sale, conversion, retirement of capital stock, net
$421Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.22%Yield on earning assets
3.28%Cost of funding earning assets
4.94%Net interest margin
0.16%Noninterest income to earning assets
4.65%Noninterest expense to earning assets
0.67%Net operating income to assets
0.67%Return on assets (ROA)
0.86%Pretax return on assets
4.67%Return on equity (ROE)
-14.60%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
-2333.33%Credit loss provision to net charge-offs
20.67%Efficiency ratio
91,377Assets per employee
1.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
412.75%Loss allowance to loans
2.85%Loss allowance to noncurrent loans
74.36%Noncurrent assets plus other real estate owned to assets
2.50%Noncurrent loans to loans
3.84%Net loans and leases to deposits
74.48%Net loans and leases to core deposits
80.23%Equity capital to assets
13.53%Core capital (leverage) ratio
12.95%Tier 1 risk-based capital ratio
17.61%Total risk-based capital ratio
Memoranda
$19Average assets
$15,298Average earning assets
$2,185Average equity
$14,120Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Citizens State Bank of Walnut Grove.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: