Elrosa State Bank in Elrosa, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 30, 1994

Elrosa State Bank in Elrosa, Minnesota (MN)
Show street view No street view available for this location

Elrosa State Bank - Overview

General
FDIC Certificate #: 19852
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: North American State Bank (#10179)
Federal Reserve ID: 971258
Date Established: October 25, 1919
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 13644
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: September 13, 1968
Last Structure Change Effective Date: April 30, 1994
Last Structure Change Process Date: May 05, 1994
Last Data Update: May 05, 1994
Data Source Date: April 05, 2012
Location
Address: Main Street, Elrosa, MN 56325
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: $11.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$7Total assets
$12,252Cash and due from depository institutions
$863Interest-bearing balances
$100Securities
$5,074Federal funds sold & reverse repurchase agreements
$700Net loans & leases
$5,419Loan loss allowance
$137Trading account assets
$0Bank premises and fixed assets
$41Other real estate owned
$0Goodwill and other intangibles
$155Life insurance assets
$0All other assets
$0Total liabilities and capital
$12,252Total liabilities
$10,928Total deposits
$10,817Interest-bearing deposits
$9,465Deposits held in domestic offices
10817.00%% insured (estimated)
$78Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$111Total equity capital
$111Total bank equity capital
$1,324Perpetual preferred stock
$0Common stock
$45Surplus
$655Undivided profits
Memoranda
$624Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$69Earning assets
$11,293Long-term assets (5+ years)
$1,270Average Assets, year-to-date
$12,017Average Assets, quarterly
$12,276Volatile liabilities
$1,500Insider loans
$9FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,324Total risk weighted assets
$6,778Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$858Total interest expense
$357Net interest income
$501Provision for loan and lease losses
$12Total noninterest income
$124Fiduciary activities
$0Service charges on deposit accounts
$33Trading account gains & fees
$0Additional noninterest income
$91Total noninterest expense
$389Salaries and employee benefits
$242Premises and equipment expense
$20Additional noninterest expense
$127Pre-tax net operating income
$224Securities gains (losses)
$0Applicable income taxes
$85Income before extraordinary items
$139Extraordinary gains - net
$0Net income attributable to bank
$139Net charge-offs
-$1Cash dividends
$27Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.77%Cost of funding earning assets
3.23%Net interest margin
4.54%Noninterest income to earning assets
1.12%Noninterest expense to earning assets
3.52%Net operating income to assets
1.16%Return on assets (ROA)
1.16%Pretax return on assets
1.86%Return on equity (ROE)
11.02%Retained earnings to average equity (YTD only)
8.88%Net charge-offs to loans
-0.02%Credit loss provision to net charge-offs
-1200.00%Efficiency ratio
62,240Assets per employee
1.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
19.42%Loss allowance to loans
2.47%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
50.10%Net loans and leases to core deposits
58.16%Equity capital to assets
10.81%Core capital (leverage) ratio
10.52%Tier 1 risk-based capital ratio
19.53%Total risk-based capital ratio
Memoranda
$21Average assets
$12,017Average earning assets
$1,261Average equity
$11,036Average 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 Elrosa 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.