First Bank of Minnesota in Hutchinson, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1995

First Bank of Minnesota in Hutchinson, Minnesota (MN)
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First Bank of Minnesota - Overview

General
FDIC Certificate #: 10188
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Minnesota Bank (#5151)
Federal Reserve ID: 771654
Date Established: January 30, 1900
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 6528
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 01, 1995
Last Structure Change Process Date: October 24, 1995
Last Data Update: October 24, 1995
Data Source Date: April 05, 2012
Location
Address: 700 South Grade Road, Hutchinson, MN 55350
County: Mcleod
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
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): Hutchinson, MN (#26780)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $20.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$12Total assets
$18,800Cash and due from depository institutions
$1,280Interest-bearing balances
$0Securities
$7,704Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$8,519Loan loss allowance
$181Trading account assets
$0Bank premises and fixed assets
$705Other real estate owned
$190Goodwill and other intangibles
$402Life insurance assets
$0All other assets
$0Total liabilities and capital
$18,800Total liabilities
$17,460Total deposits
$16,632Interest-bearing deposits
$14,889Deposits held in domestic offices
16632.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$687Trading liabilities
$0Other borrowed funds
$49Subordinated debt
$0All other liabilities
$92Total equity capital
$92Total bank equity capital
$1,340Perpetual preferred stock
$0Common stock
$72Surplus
$1,077Undivided profits
Memoranda
$191Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$450Income earned, not collected on loans
$95Earning assets
$16,223Long-term assets (5+ years)
$4,449Average Assets, year-to-date
$17,595Average Assets, quarterly
$18,555Volatile liabilities
$887Insider loans
$115FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,476Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,439Total risk weighted assets
$11,435Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,399Total interest expense
$567Net interest income
$832Provision for loan and lease losses
$0Total noninterest income
$169Fiduciary activities
$0Service charges on deposit accounts
$72Trading account gains & fees
$0Additional noninterest income
$97Total noninterest expense
$824Salaries and employee benefits
$398Premises and equipment expense
$126Additional noninterest expense
$300Pre-tax net operating income
$177Securities gains (losses)
$0Applicable income taxes
$37Income before extraordinary items
$140Extraordinary gains - net
$0Net income attributable to bank
$140Net charge-offs
$37Cash dividends
$40Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.55%Cost of funding earning assets
3.87%Net interest margin
5.68%Noninterest income to earning assets
1.15%Noninterest expense to earning assets
5.63%Net operating income to assets
0.80%Return on assets (ROA)
0.80%Pretax return on assets
1.01%Return on equity (ROE)
10.40%Retained earnings to average equity (YTD only)
7.43%Net charge-offs to loans
0.44%Credit loss provision to net charge-offs
0.00%Efficiency ratio
82,318Assets per employee
1.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
28.57%Loss allowance to loans
2.08%Loss allowance to noncurrent loans
40.22%Noncurrent assets plus other real estate owned to assets
3.40%Noncurrent loans to loans
5.17%Net loans and leases to deposits
51.22%Net loans and leases to core deposits
51.84%Equity capital to assets
7.13%Core capital (leverage) ratio
7.79%Tier 1 risk-based capital ratio
12.58%Total risk-based capital ratio
Memoranda
$14Average assets
$17,595Average earning assets
$1,346Average equity
$14,645Average loans

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