FDIC Certificate #: 34486 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Roundbank (#5271) Federal Reserve ID: 2576198 Date Established: November 10, 1997 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 57677 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: November 10, 1997 Last Structure Change Effective Date: July 23, 2010 Last Structure Change Process Date: July 27, 2010 Last Data Update: July 27, 2010 Data Source Date: April 05, 2012
Location
Address: 1100 1st Street, N.E., New Prague, MN 56071 County: Scott 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): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial Summary
Total assets: $100.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
23Total employees (full-time equivalent)
$113,923Total assets
$5,384Cash and due from depository institutions
$0Interest-bearing balances
$11,405Securities
$2,327Federal funds sold & reverse repurchase agreements
$84,596Net loans & leases
$2,307Loan loss allowance
$0Trading account assets
$873Bank premises and fixed assets
$3,980Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,358All other assets
$113,922Total liabilities and capital
$107,013Total liabilities
$100,938Total deposits
$92,033Interest-bearing deposits
$100,938Deposits held in domestic offices
98.96%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,600Other borrowed funds
$0Subordinated debt
$475All other liabilities
$6,909Total equity capital
$6,909Total bank equity capital
$6,909Perpetual preferred stock
$0Common stock
$100Surplus
$8,460Undivided profits
Memoranda
$-1,651Noncurrent loans and leases
$8,688Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$21,790Earning assets
$0Long-term assets (5+ years)
$458Average Assets, year-to-date
$98,328Average Assets, quarterly
$9,482Volatile liabilities
$119,018Insider loans
$117,015FHLB advances
$26,003Loans and leases held for sale
$1,652Unused loan commitments
$5,600Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$258Total risk weighted assets
$8,688Total unused commitments
$0Restructured Loans and leases
$1,226Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$5,209Total interest income
$2,652Total interest expense
$2,557Net interest income
$5,620Provision for loan and lease losses
$1,280Total noninterest income
$0Fiduciary activities
$142Service charges on deposit accounts
$0Trading account gains & fees
$1,138Additional noninterest income
$4,307Total noninterest expense
$1,867Salaries and employee benefits
$176Premises and equipment expense
$2,264Additional noninterest expense
-$6,090Pre-tax net operating income
$40Securities gains (losses)
-$2,412Applicable income taxes
-$3,638Income before extraordinary items
$0Extraordinary gains - net
-$3,638Net income attributable to bank
$0Net charge-offs
-$3,638Cash dividends
$5,713Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.80%Yield on earning assets
2.45%Cost of funding earning assets
2.36%Net interest margin
1.18%Noninterest income to earning assets
3.97%Noninterest expense to earning assets
-3.08%Net operating income to assets
-3.06%Return on assets (ROA)
-5.08%Pretax return on assets
-39.44%Return on equity (ROE)
-39.44%Retained earnings to average equity (YTD only)
5.76%Net charge-offs to loans
98.37%Credit loss provision to net charge-offs
-0.08%Efficiency ratio
112,249Assets per employee
4.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.65%Loss allowance to noncurrent loans
10.59%Noncurrent assets plus other real estate owned to assets
22.62%Noncurrent loans to loans
25.07%Net loans and leases to deposits
83.81%Net loans and leases to core deposits
112.89%Equity capital to assets
6.06%Core capital (leverage) ratio
2.51%Tier 1 risk-based capital ratio
2.94%Total risk-based capital ratio
Memoranda
$4Average assets
$119,018Average earning assets
$9,223Average equity
$108,430Average loans
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