Community First State Bank of Paynesville in city_name, state_name

Community First State Bank of Paynesville in Paynesville, Minnesota (MN)
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Community First State Bank of Paynesville - Overview

General
FDIC Certificate #: 15447
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First National Bank (#5184)
Federal Reserve ID: 816050
Date Established: October 06, 1892
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 9768
FDIC's unique #: 9759
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: January 01, 1934
Last Structure Change Effective Date: January 03, 1995
Last Structure Change Process Date: January 12, 1995
Last Data Update: January 12, 1995
Data Source Date: April 05, 2012
Location
Address: 201 West James Street, Paynesville, MN 56362
County: Stearns
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Minneapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): St. Cloud, MN (#6980)
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
CBSA Metro Statistical Area: St. Cloud, MN (#41060)
Financial Summary
Total assets: $60.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$19Total assets
$60,840Cash and due from depository institutions
$1,700Interest-bearing balances
$111Securities
$18,145Federal funds sold & reverse repurchase agreements
$575Net loans & leases
$38,772Loan loss allowance
$494Trading account assets
$0Bank premises and fixed assets
$407Other real estate owned
$0Goodwill and other intangibles
$817Life insurance assets
$424All other assets
$0Total liabilities and capital
$60,840Total liabilities
$55,713Total deposits
$52,353Interest-bearing deposits
$47,627Deposits held in domestic offices
52353.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$3,000Subordinated debt
$0All other liabilities
$360Total equity capital
$360Total bank equity capital
$5,127Perpetual preferred stock
$0Common stock
$843Surplus
$2,715Undivided profits
Memoranda
$1,569Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$87Income earned, not collected on loans
$349Earning assets
$57,603Long-term assets (5+ years)
$12,003Average Assets, year-to-date
$56,987Average Assets, quarterly
$60,351Volatile liabilities
$8,236Insider loans
$461FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,519Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,704Total risk weighted assets
$40,684Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,282Total interest expense
$1,524Net interest income
$2,758Provision for loan and lease losses
$64Total noninterest income
$223Fiduciary activities
$0Service charges on deposit accounts
$155Trading account gains & fees
$0Additional noninterest income
$68Total noninterest expense
$1,521Salaries and employee benefits
$599Premises and equipment expense
$134Additional noninterest expense
$788Pre-tax net operating income
$1,396Securities gains (losses)
-$2Applicable income taxes
$545Income before extraordinary items
$849Extraordinary gains - net
$0Net income attributable to bank
$849Net charge-offs
$16Cash dividends
$658Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.95%Cost of funding earning assets
2.83%Net interest margin
5.12%Noninterest income to earning assets
0.41%Noninterest expense to earning assets
2.82%Net operating income to assets
1.49%Return on assets (ROA)
1.49%Pretax return on assets
2.45%Return on equity (ROE)
16.89%Retained earnings to average equity (YTD only)
3.80%Net charge-offs to loans
0.05%Credit loss provision to net charge-offs
400.00%Efficiency ratio
49,279Assets per employee
3.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.50%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
567.82%Noncurrent assets plus other real estate owned to assets
0.14%Noncurrent loans to loans
0.22%Net loans and leases to deposits
74.06%Net loans and leases to core deposits
82.29%Equity capital to assets
8.43%Core capital (leverage) ratio
7.89%Tier 1 risk-based capital ratio
11.56%Total risk-based capital ratio
Memoranda
$13Average assets
$56,987Average earning assets
$5,028Average equity
$53,895Average loans

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

Community First State Bank of Paynesville - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

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

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

Community First State Bank of Paynesville - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

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

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