FDIC Certificate #: 1608 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Heritage Bank National Association (#19254) Federal Reserve ID: 880051 Date Established: December 07, 1912 WWW:http://www.fsbraymond.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 1051 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 09, 2004 Last Structure Change Process Date: October 21, 2004 Last Data Update: October 21, 2004 Data Source Date: April 05, 2012
Location
Address: 202 Cofield North, Raymond, MN 56282 County: Kandiyohi 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): Willmar, MN (#48820) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $23.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$24,137Total assets
$2,581Cash and due from depository institutions
$1,268Interest-bearing balances
$6,327Securities
$1,901Federal funds sold & reverse repurchase agreements
$11,885Net loans & leases
$140Loan loss allowance
$0Trading account assets
$102Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,341All other assets
$24,137Total liabilities and capital
$21,041Total liabilities
$20,959Total deposits
$17,501Interest-bearing deposits
$20,959Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$82All other liabilities
$3,096Total equity capital
$3,096Total bank equity capital
$3,096Perpetual preferred stock
$0Common stock
$100Surplus
$2,000Undivided profits
Memoranda
$996Noncurrent loans and leases
$0Noncurrent 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)
$318Average Assets, year-to-date
$21,381Average Assets, quarterly
$2,300Volatile liabilities
$24,582Insider loans
$24,245FHLB advances
$1,387Loans and leases held for sale
$162Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$140Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$1,200Total interest income
$490Total interest expense
$710Net interest income
$0Provision for loan and lease losses
$113Total noninterest income
$0Fiduciary activities
$44Service charges on deposit accounts
$0Trading account gains & fees
$69Additional noninterest income
$558Total noninterest expense
$412Salaries and employee benefits
$15Premises and equipment expense
$131Additional noninterest expense
$265Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$265Income before extraordinary items
$0Extraordinary gains - net
$265Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$15Sale, conversion, retirement of capital stock, net
$106Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.48%Yield on earning assets
2.24%Cost of funding earning assets
3.24%Net interest margin
0.52%Noninterest income to earning assets
2.55%Noninterest expense to earning assets
1.08%Net operating income to assets
1.08%Return on assets (ROA)
1.08%Pretax return on assets
8.87%Return on equity (ROE)
5.32%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
17.67%Efficiency ratio
67,801Assets per employee
3.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.00%Loss allowance to loans
1.16%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
56.71%Net loans and leases to core deposits
60.72%Equity capital to assets
12.83%Core capital (leverage) ratio
12.71%Tier 1 risk-based capital ratio
20.92%Total risk-based capital ratio
Memoranda
$22Average assets
$24,582Average earning assets
$2,988Average equity
$21,897Average loans
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