FDIC Certificate #: 15918 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Valley Bank (#18845) Federal Reserve ID: 191458 Date Established: June 04, 1904 WWW:http://www.watervillebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 10150 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: December 14, 1942 Last Structure Change Effective Date: September 11, 2006 Last Structure Change Process Date: October 05, 2006 Last Data Update: October 05, 2006 Data Source Date: April 05, 2012
Location
Address: 320 East Main Street, Waterville, MN 56096 County: Le Sueur 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: $22.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2005)
Dollar figures in thousands
7Total employees (full-time equivalent)
$22,907Total assets
$1,231Cash and due from depository institutions
$0Interest-bearing balances
$6,225Securities
$700Federal funds sold & reverse repurchase agreements
$13,518Net loans & leases
$141Loan loss allowance
$0Trading account assets
$325Bank premises and fixed assets
$0Other real estate owned
$369Goodwill and other intangibles
$0Life insurance assets
$539All other assets
$22,907Total liabilities and capital
$20,449Total liabilities
$20,323Total deposits
$15,979Interest-bearing deposits
$20,323Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$126All other liabilities
$2,458Total equity capital
$2,458Total bank equity capital
$2,458Perpetual preferred stock
$0Common stock
$100Surplus
$1,883Undivided profits
Memoranda
$475Noncurrent loans and leases
$3,539Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$45Earning assets
$0Long-term assets (5+ years)
$163Average Assets, year-to-date
$20,443Average Assets, quarterly
$112Volatile liabilities
$22,883Insider loans
$22,968FHLB advances
$1,067Loans and leases held for sale
$25Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,539Total unused commitments
$0Restructured Loans and leases
$141Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$1,237Total interest income
$223Total interest expense
$1,014Net interest income
$7Provision for loan and lease losses
$186Total noninterest income
$0Fiduciary activities
$113Service charges on deposit accounts
$0Trading account gains & fees
$73Additional noninterest income
$656Total noninterest expense
$366Salaries and employee benefits
$68Premises and equipment expense
$222Additional noninterest expense
$537Pre-tax net operating income
$2Securities gains (losses)
$22Applicable income taxes
$517Income before extraordinary items
$0Extraordinary gains - net
$517Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$254Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.03%Yield on earning assets
1.09%Cost of funding earning assets
4.95%Net interest margin
0.91%Noninterest income to earning assets
3.20%Noninterest expense to earning assets
2.25%Net operating income to assets
2.26%Return on assets (ROA)
2.36%Pretax return on assets
22.46%Return on equity (ROE)
11.42%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
350.00%Credit loss provision to net charge-offs
272.00%Efficiency ratio
54,667Assets per employee
3.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.13%Loss allowance to loans
1.03%Loss allowance to noncurrent loans
313.33%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.33%Net loans and leases to deposits
66.52%Net loans and leases to core deposits
70.20%Equity capital to assets
10.73%Core capital (leverage) ratio
9.69%Tier 1 risk-based capital ratio
14.63%Total risk-based capital ratio
Memoranda
$16Average assets
$22,883Average earning assets
$2,302Average equity
$20,505Average loans
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