Community First National Bank of Windom in Windom, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1993

Community First National Bank of Windom in Windom, Minnesota (MN)
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Community First National Bank of Windom - Overview

General
FDIC Certificate #: 5276
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First National Bank (#5281)
Federal Reserve ID: 809557
Date Established: January 01, 1881
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
OTS Docket #: 9712
FDIC's unique #: 3545
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 01, 1993
Last Structure Change Process Date: July 27, 1993
Last Data Update: July 27, 1993
Data Source Date: April 05, 2012
Location
Address: 203 Tenth Street, Windom, MN 56101
County: Cottonwood
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: $70.7 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$17Total assets
$71,026Cash and due from depository institutions
$2,917Interest-bearing balances
$596Securities
$24,275Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$41,381Loan loss allowance
$525Trading account assets
$0Bank premises and fixed assets
$616Other real estate owned
$0Goodwill and other intangibles
$1,328Life insurance assets
$509All other assets
$0Total liabilities and capital
$71,026Total liabilities
$66,231Total deposits
$63,491Interest-bearing deposits
$58,944Deposits held in domestic offices
63491.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$2,114Trading liabilities
$0Other borrowed funds
$7Subordinated debt
$0All other liabilities
$619Total equity capital
$619Total bank equity capital
$4,795Perpetual preferred stock
$0Common stock
$1,600Surplus
$2,667Undivided profits
Memoranda
$528Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$33Income earned, not collected on loans
$336Earning assets
$66,252Long-term assets (5+ years)
$7,346Average Assets, year-to-date
$71,306Average Assets, quarterly
$69,954Volatile liabilities
$4,784Insider loans
$35FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,618Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,286Total risk weighted assets
$46,200Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$5,796Total interest expense
$2,954Net interest income
$2,842Provision for loan and lease losses
$181Total noninterest income
$274Fiduciary activities
$0Service charges on deposit accounts
$154Trading account gains & fees
$0Additional noninterest income
$120Total noninterest expense
$1,548Salaries and employee benefits
$468Premises and equipment expense
$126Additional noninterest expense
$954Pre-tax net operating income
$1,387Securities gains (losses)
$192Applicable income taxes
$571Income before extraordinary items
$1,008Extraordinary gains - net
$0Net income attributable to bank
$1,008Net charge-offs
$35Cash dividends
$972Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.67%Cost of funding earning assets
4.42%Net interest margin
4.25%Noninterest income to earning assets
0.41%Noninterest expense to earning assets
2.32%Net operating income to assets
1.24%Return on assets (ROA)
1.41%Pretax return on assets
2.21%Return on equity (ROE)
20.82%Retained earnings to average equity (YTD only)
0.74%Net charge-offs to loans
0.10%Credit loss provision to net charge-offs
517.14%Efficiency ratio
44,929Assets per employee
4.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
96.43%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
1590.91%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.08%Net loans and leases to deposits
65.18%Net loans and leases to core deposits
68.03%Equity capital to assets
6.75%Core capital (leverage) ratio
6.18%Tier 1 risk-based capital ratio
9.28%Total risk-based capital ratio
Memoranda
$10Average assets
$71,306Average earning assets
$4,841Average equity
$66,856Average loans

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