FDIC Certificate #: 5210 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Valley Bank (#18845) Federal Reserve ID: 692058 Date Established: November 01, 1902 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 3498 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 15, 1999 Last Structure Change Process Date: Febuary 26, 1999 Last Data Update: Febuary 26, 1999 Data Source Date: April 05, 2012
Location
Address: Main Street, Minnesota Lake, MN 56068 County: Faribault 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
Financial Summary
Total assets: $16.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
5Total employees (full-time equivalent)
$16,326Total assets
$949Cash and due from depository institutions
$0Interest-bearing balances
$2,426Securities
$1,000Federal funds sold & reverse repurchase agreements
$10,206Net loans & leases
$228Loan loss allowance
$0Trading account assets
$552Bank premises and fixed assets
$0Other real estate owned
$916Goodwill and other intangibles
$0Life insurance assets
$277All other assets
$16,326Total liabilities and capital
$13,933Total liabilities
$13,537Total deposits
$11,327Interest-bearing deposits
$13,537Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$396All other liabilities
$2,393Total equity capital
$2,393Total bank equity capital
$2,393Perpetual preferred stock
$0Common stock
$105Surplus
$2,142Undivided profits
Memoranda
$146Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$34Earning assets
$0Long-term assets (5+ years)
$252Average Assets, year-to-date
$13,632Average Assets, quarterly
$863Volatile liabilities
$14,878Insider loans
$15,797FHLB advances
$628Loans and leases held for sale
$508Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,277Total unused commitments
$0Restructured Loans and leases
$11,596Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$495Total interest income
$190Total interest expense
$305Net interest income
-$15Provision for loan and lease losses
$125Total noninterest income
$0Fiduciary activities
$15Service charges on deposit accounts
$0Trading account gains & fees
$110Additional noninterest income
$233Total noninterest expense
$102Salaries and employee benefits
$11Premises and equipment expense
$120Additional noninterest expense
$212Pre-tax net operating income
$0Securities gains (losses)
$99Applicable income taxes
$113Income before extraordinary items
$0Extraordinary gains - net
$113Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$23Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.88%Yield on earning assets
1.49%Cost of funding earning assets
2.39%Net interest margin
0.98%Noninterest income to earning assets
1.83%Noninterest expense to earning assets
0.76%Net operating income to assets
0.76%Return on assets (ROA)
1.42%Pretax return on assets
6.60%Return on equity (ROE)
6.60%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
-65.22%Credit loss provision to net charge-offs
8.57%Efficiency ratio
50,930Assets per employee
3.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.19%Loss allowance to noncurrent loans
670.59%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.33%Net loans and leases to deposits
75.39%Net loans and leases to core deposits
79.06%Equity capital to assets
14.66%Core capital (leverage) ratio
9.67%Tier 1 risk-based capital ratio
12.45%Total risk-based capital ratio
Memoranda
$14Average assets
$14,878Average earning assets
$1,713Average equity
$12,767Average loans
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