First Bank South, National Association in Mankato, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 08, 1993

First Bank South, National Association in Mankato, Minnesota (MN)
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First Bank South, National Association - Overview

General
FDIC Certificate #: 5191
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Bank National Association (#5199)
Federal Reserve ID: 1650
Date Established: May 20, 1868
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
FDIC's unique #: 3481
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 08, 1993
Last Structure Change Process Date: October 20, 1993
Last Data Update: October 20, 1993
Data Source Date: April 05, 2012
Location
Address: 204 South Second Street, Mankato, MN 56001
County: Blue Earth
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): Mankato-North Mankato, MN (#31860)
CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860)
Financial Summary
Total assets: $171.5 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$55Total assets
$181,605Cash and due from depository institutions
$11,063Interest-bearing balances
$0Securities
$21,455Federal funds sold & reverse repurchase agreements
$33,356Net loans & leases
$111,886Loan loss allowance
$1,075Trading account assets
$0Bank premises and fixed assets
$1,880Other real estate owned
$0Goodwill and other intangibles
$1,965Life insurance assets
$0All other assets
$0Total liabilities and capital
$181,605Total liabilities
$171,230Total deposits
$166,714Interest-bearing deposits
$143,492Deposits held in domestic offices
166714.00%% insured (estimated)
$84Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,600All other liabilities
$2,916Total equity capital
$2,916Total bank equity capital
$10,375Perpetual preferred stock
$0Common stock
$2,850Surplus
$6,800Undivided profits
Memoranda
$725Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$514Income earned, not collected on loans
$428Earning assets
$166,697Long-term assets (5+ years)
$23,384Average Assets, year-to-date
$183,149Average Assets, quarterly
$178,573Volatile liabilities
$7,617Insider loans
$3FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$168,074Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,375Total risk weighted assets
$111,178Total unused commitments
$0Restructured Loans and leases
$13,500Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$11,790Total interest expense
$6,110Net interest income
$5,680Provision for loan and lease losses
$1,169Total noninterest income
$1,914Fiduciary activities
$0Service charges on deposit accounts
$632Trading account gains & fees
$0Additional noninterest income
$1,282Total noninterest expense
$6,788Salaries and employee benefits
$1,921Premises and equipment expense
$887Additional noninterest expense
$3,980Pre-tax net operating income
-$363Securities gains (losses)
$0Applicable income taxes
-$62Income before extraordinary items
-$301Extraordinary gains - net
$267Net income attributable to bank
-$34Net charge-offs
$941Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.93%Cost of funding earning assets
3.59%Net interest margin
3.34%Noninterest income to earning assets
1.13%Noninterest expense to earning assets
3.99%Net operating income to assets
-0.16%Return on assets (ROA)
-0.02%Pretax return on assets
-0.05%Return on equity (ROE)
-0.35%Retained earnings to average equity (YTD only)
-0.35%Net charge-offs to loans
1.12%Credit loss provision to net charge-offs
124.23%Efficiency ratio
89,386Assets per employee
3.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.95%Loss allowance to noncurrent loans
209.14%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.46%Net loans and leases to deposits
67.11%Net loans and leases to core deposits
70.33%Equity capital to assets
5.71%Core capital (leverage) ratio
5.83%Tier 1 risk-based capital ratio
9.33%Total risk-based capital ratio
Memoranda
$12Average assets
$183,149Average earning assets
$9,778Average equity
$170,036Average loans

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