FDIC Certificate #: 10199 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Exchange State Bank (#8212) Federal Reserve ID: 12357 Date Established: October 01, 1893 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 6538 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: April 30, 2004 Last Structure Change Process Date: May 17, 2004 Last Data Update: May 17, 2004 Data Source Date: April 05, 2012
Location
Address: Main Street, Ellsworth, MN 56129 County: Nobles Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux Falls Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Worthington, MN (#49380) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $33.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
6Total employees (full-time equivalent)
$33,174Total assets
$3,173Cash and due from depository institutions
$1,683Interest-bearing balances
$16,976Securities
$2,700Federal funds sold & reverse repurchase agreements
$9,798Net loans & leases
$125Loan loss allowance
$0Trading account assets
$119Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$408All other assets
$33,174Total liabilities and capital
$29,586Total liabilities
$29,375Total deposits
$25,588Interest-bearing deposits
$29,375Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$211All other liabilities
$3,588Total equity capital
$3,588Total bank equity capital
$3,588Perpetual preferred stock
$0Common stock
$120Surplus
$1,020Undivided profits
Memoranda
$2,448Noncurrent loans and leases
$42Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8Earning assets
$0Long-term assets (5+ years)
$319Average Assets, year-to-date
$31,157Average Assets, quarterly
$633Volatile liabilities
$32,573Insider loans
$32,999FHLB advances
$2,850Loans and leases held for sale
$145Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$42Total unused commitments
$0Restructured Loans and leases
$125Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$1,251Total interest income
$567Total interest expense
$684Net interest income
$252Provision for loan and lease losses
$67Total noninterest income
$0Fiduciary activities
$62Service charges on deposit accounts
$0Trading account gains & fees
$5Additional noninterest income
$416Total noninterest expense
$276Salaries and employee benefits
$61Premises and equipment expense
$79Additional noninterest expense
$83Pre-tax net operating income
$6Securities gains (losses)
$5Applicable income taxes
$84Income before extraordinary items
$0Extraordinary gains - net
$84Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$213Sale, conversion, retirement of capital stock, net
$287Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.15%Yield on earning assets
1.88%Cost of funding earning assets
2.27%Net interest margin
0.22%Noninterest income to earning assets
1.38%Noninterest expense to earning assets
0.24%Net operating income to assets
0.26%Return on assets (ROA)
0.27%Pretax return on assets
2.30%Return on equity (ROE)
-5.57%Retained earnings to average equity (YTD only)
2.18%Net charge-offs to loans
118.31%Credit loss provision to net charge-offs
1.57%Efficiency ratio
55,393Assets per employee
5.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
341.67%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
1562.50%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.08%Net loans and leases to deposits
33.35%Net loans and leases to core deposits
36.94%Equity capital to assets
10.82%Core capital (leverage) ratio
10.76%Tier 1 risk-based capital ratio
24.83%Total risk-based capital ratio
Memoranda
$26Average assets
$32,573Average earning assets
$3,648Average equity
$30,121Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Ellsworth State Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: