FDIC Certificate #: 10573 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Alliance Bank (#1932) Federal Reserve ID: 373852 Date Established: January 01, 1905 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 6774 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: October 28, 2000 Last Structure Change Process Date: November 13, 2000 Last Data Update: November 13, 2000 Data Source Date: April 05, 2012
Location
Address: 329 Main Street, Courtland, MN 56021 County: Nicollet 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 Core Based Statistical Area (CBSA): Mankato-North Mankato, MN (#31860) CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860)
Financial Summary
Total assets: $18.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
4Total employees (full-time equivalent)
$14,750Total assets
$531Cash and due from depository institutions
$0Interest-bearing balances
$2,963Securities
$1,000Federal funds sold & reverse repurchase agreements
$10,008Net loans & leases
$224Loan loss allowance
$0Trading account assets
$87Bank premises and fixed assets
$13Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$148All other assets
$14,750Total liabilities and capital
$13,164Total liabilities
$13,039Total deposits
$11,442Interest-bearing deposits
$13,039Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$125All other liabilities
$1,586Total equity capital
$1,586Total bank equity capital
$1,586Perpetual preferred stock
$0Common stock
$25Surplus
$825Undivided profits
Memoranda
$736Noncurrent loans and leases
$449Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$109Average Assets, year-to-date
$13,971Average Assets, quarterly
$1,581Volatile liabilities
$15,322Insider loans
$15,466FHLB advances
$3,106Loans and leases held for sale
$408Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$449Total unused commitments
$0Restructured Loans and leases
$125Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$1,166Total interest income
$568Total interest expense
$598Net interest income
$0Provision for loan and lease losses
$65Total noninterest income
$0Fiduciary activities
$16Service charges on deposit accounts
$0Trading account gains & fees
$49Additional noninterest income
$314Total noninterest expense
$127Salaries and employee benefits
$37Premises and equipment expense
$150Additional noninterest expense
$349Pre-tax net operating income
$0Securities gains (losses)
$138Applicable income taxes
$211Income before extraordinary items
$0Extraordinary gains - net
$211Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$8Sale, conversion, retirement of capital stock, net
$55Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.03%Yield on earning assets
3.91%Cost of funding earning assets
4.12%Net interest margin
0.45%Noninterest income to earning assets
2.16%Noninterest expense to earning assets
1.38%Net operating income to assets
1.38%Return on assets (ROA)
2.28%Pretax return on assets
13.63%Return on equity (ROE)
10.08%Retained earnings to average equity (YTD only)
-0.08%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
47,360Assets per employee
3.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
26.07%Loss allowance to loans
2.19%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.00%Net loans and leases to deposits
76.75%Net loans and leases to core deposits
100.76%Equity capital to assets
10.75%Core capital (leverage) ratio
10.25%Tier 1 risk-based capital ratio
16.58%Total risk-based capital ratio
Memoranda
$18Average assets
$15,322Average earning assets
$1,548Average equity
$14,520Average loans
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