Community Bank of the Red River Valley in city_name, state_name

Community Bank of the Red River Valley in East Grand Forks, Minnesota (MN)
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Community Bank of the Red River Valley - Overview

General
FDIC Certificate #: 19180
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Frandsen Bank & Trust (#1399)
Federal Reserve ID: 287351
Date Established: July 20, 1964
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 10 (Interstate: No)
FDIC's unique #: 13001
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: July 20, 1964
Last Structure Change Effective Date: October 19, 2009
Last Structure Change Process Date: November 18, 2009
Last Data Update: November 18, 2009
Data Source Date: April 05, 2012
Location
Address: 1413 Central Avenue, N.W., East Grand Forks, MN 56721
County: Polk
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Forks
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Grand Forks, ND-MN (#2985)
Core Based Statistical Area (CBSA): Grand Forks, ND-MN (#24220)
CBSA Metro Statistical Area: Grand Forks, ND-MN (#24220)
Financial Summary
Total assets: $282.1 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, 2008)

Dollar figures in thousands
77Total employees (full-time equivalent)
$286,971Total assets
$12,191Cash and due from depository institutions
$1,190Interest-bearing balances
$31,006Securities
$13,500Federal funds sold & reverse repurchase agreements
$207,183Net loans & leases
$2,576Loan loss allowance
$0Trading account assets
$5,596Bank premises and fixed assets
$734Other real estate owned
$9,150Goodwill and other intangibles
$4,878Life insurance assets
$7,611All other assets
$286,970Total liabilities and capital
$255,322Total liabilities
$245,528Total deposits
$229,971Interest-bearing deposits
$245,528Deposits held in domestic offices
0.00%% insured (estimated)
$6,664Federal funds purchased & repurchase agreements
$0Trading liabilities
$306Other borrowed funds
$0Subordinated debt
$2,824All other liabilities
$31,648Total equity capital
$31,648Total bank equity capital
$31,648Perpetual preferred stock
$0Common stock
$100Surplus
$25,249Undivided profits
Memoranda
$6,299Noncurrent loans and leases
$54,906Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,009Earning assets
$0Long-term assets (5+ years)
$2,229Average Assets, year-to-date
$252,879Average Assets, quarterly
$22,048Volatile liabilities
$273,752Insider loans
$276,259FHLB advances
$25,657Loans and leases held for sale
$641Unused loan commitments
$306Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$54,906Total unused commitments
$2,071Restructured Loans and leases
$2,576Derivatives

Income and Expense (December 31, 2008)

Dollar figures in thousands
$15,577Total interest income
$4,426Total interest expense
$11,151Net interest income
$430Provision for loan and lease losses
$2,903Total noninterest income
$0Fiduciary activities
$1,334Service charges on deposit accounts
$0Trading account gains & fees
$1,569Additional noninterest income
$7,932Total noninterest expense
$4,415Salaries and employee benefits
$1,097Premises and equipment expense
$2,420Additional noninterest expense
$5,692Pre-tax net operating income
$1Securities gains (losses)
$26Applicable income taxes
$5,667Income before extraordinary items
$0Extraordinary gains - net
$5,667Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$90Sale, conversion, retirement of capital stock, net
$6,300Net operating income

Performance and Condition Ratios (December 31, 2008)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.47%Yield on earning assets
1.84%Cost of funding earning assets
4.63%Net interest margin
1.21%Noninterest income to earning assets
3.30%Noninterest expense to earning assets
2.07%Net operating income to assets
2.07%Return on assets (ROA)
2.08%Pretax return on assets
18.70%Return on equity (ROE)
-2.09%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
477.78%Credit loss provision to net charge-offs
68.02%Efficiency ratio
56,439Assets per employee
3.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
111.17%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
255.30%Noncurrent assets plus other real estate owned to assets
0.61%Noncurrent loans to loans
0.48%Net loans and leases to deposits
84.38%Net loans and leases to core deposits
91.41%Equity capital to assets
11.03%Core capital (leverage) ratio
8.34%Tier 1 risk-based capital ratio
9.85%Total risk-based capital ratio
Memoranda
$11Average assets
$273,752Average earning assets
$30,301Average equity
$240,631Average loans

Community Bank of the Red River Valley in East Grand Forks, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Community Bank of the Red River Valley - Overview

Assets and Liabilities (December 31, 2008)

Income and Expense (December 31, 2008)

Performance and Condition Ratios (December 31, 2008)

Comment about this bank, ask questions, or add new information about it:

Community Bank of the Red River Valley in East Grand Forks, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

Community Bank of the Red River Valley - Overview

Assets and Liabilities (December 31, 2008)

Income and Expense (December 31, 2008)

Performance and Condition Ratios (December 31, 2008)

Comment about this bank, ask questions, or add new information about it:

Community Bank of the Red River Valley in East Grand Forks, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches