Farmers State Bank of Delavan in Delavan, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 22, 1994

Farmers State Bank of Delavan in Delavan, Minnesota (MN)
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Farmers State Bank of Delavan - Overview

General
FDIC Certificate #: 8823
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The First National Bank of Elmore (#5137)
Federal Reserve ID: 314958
Date Established: January 01, 1909
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 5620
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: August 22, 1994
Last Structure Change Process Date: September 06, 1994
Last Data Update: September 06, 1994
Data Source Date: April 05, 2012
Location
Address: Main Street, Delavan, MN 56023
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: $7.1 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$5Total assets
$7,400Cash and due from depository institutions
$611Interest-bearing balances
$395Securities
$3,443Federal funds sold & reverse repurchase agreements
$704Net loans & leases
$2,482Loan loss allowance
$113Trading account assets
$0Bank premises and fixed assets
$16Other real estate owned
$38Goodwill and other intangibles
$106Life insurance assets
$0All other assets
$0Total liabilities and capital
$7,400Total liabilities
$6,689Total deposits
$6,648Interest-bearing deposits
$6,016Deposits held in domestic offices
6648.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$41Total equity capital
$41Total bank equity capital
$711Perpetual preferred stock
$0Common stock
$50Surplus
$575Undivided profits
Memoranda
$86Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$88Income earned, not collected on loans
$68Earning assets
$7,024Long-term assets (5+ years)
$391Average Assets, year-to-date
$7,241Average Assets, quarterly
$7,193Volatile liabilities
$0Insider loans
$4FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$711Total risk weighted assets
$3,498Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$466Total interest expense
$231Net interest income
$235Provision for loan and lease losses
$0Total noninterest income
$15Fiduciary activities
$0Service charges on deposit accounts
$9Trading account gains & fees
$0Additional noninterest income
$6Total noninterest expense
$215Salaries and employee benefits
$137Premises and equipment expense
$18Additional noninterest expense
$60Pre-tax net operating income
$35Securities gains (losses)
$54Applicable income taxes
$26Income before extraordinary items
$63Extraordinary gains - net
$0Net income attributable to bank
$63Net charge-offs
-$7Cash dividends
$7Sale, 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
6.98%Cost of funding earning assets
3.46%Net interest margin
3.52%Noninterest income to earning assets
0.22%Noninterest expense to earning assets
3.22%Net operating income to assets
0.34%Return on assets (ROA)
0.87%Pretax return on assets
1.23%Return on equity (ROE)
9.18%Retained earnings to average equity (YTD only)
8.16%Net charge-offs to loans
-0.27%Credit loss provision to net charge-offs
0.00%Efficiency ratio
86,000Assets per employee
1.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
11.11%Loss allowance to loans
4.35%Loss allowance to noncurrent loans
128.41%Noncurrent assets plus other real estate owned to assets
1.70%Noncurrent loans to loans
3.39%Net loans and leases to deposits
37.33%Net loans and leases to core deposits
37.33%Equity capital to assets
9.61%Core capital (leverage) ratio
9.99%Tier 1 risk-based capital ratio
20.33%Total risk-based capital ratio
Memoranda
$22Average assets
$7,241Average earning assets
$687Average equity
$6,679Average loans

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