First National Bank in Montevideo in Montevideo, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 02, 2005

First National Bank in Montevideo in Montevideo, Minnesota (MN)
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First National Bank in Montevideo - Overview

General
FDIC Certificate #: 5211
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: KleinBank (#1414)
Federal Reserve ID: 695750
Date Established: June 15, 1927
WWW: http://www.kleinet.commontevideo/
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
OTS Docket #: 11627
FDIC's unique #: 3499
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: April 02, 2005
Last Structure Change Process Date: April 25, 2005
Last Data Update: April 25, 2005
Data Source Date: April 05, 2012
Location
Address: 101 South First Street, Montevideo, MN 56265
County: Chippewa
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $132.3 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, 2004)

Dollar figures in thousands
26Total employees (full-time equivalent)
$132,698Total assets
$3,267Cash and due from depository institutions
$20Interest-bearing balances
$41,796Securities
$0Federal funds sold & reverse repurchase agreements
$81,594Net loans & leases
$1,183Loan loss allowance
$0Trading account assets
$840Bank premises and fixed assets
$216Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,985All other assets
$132,698Total liabilities and capital
$112,812Total liabilities
$104,892Total deposits
$93,461Interest-bearing deposits
$104,892Deposits held in domestic offices
0.00%% insured (estimated)
$3,413Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,546Other borrowed funds
$0Subordinated debt
$961All other liabilities
$19,886Total equity capital
$19,886Total bank equity capital
$19,886Perpetual preferred stock
$0Common stock
$52Surplus
$2,108Undivided profits
Memoranda
$17,726Noncurrent loans and leases
$21,096Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$561Earning assets
$0Long-term assets (5+ years)
$1,549Average Assets, year-to-date
$123,410Average Assets, quarterly
$22,359Volatile liabilities
$137,474Insider loans
$132,530FHLB advances
$18,504Loans and leases held for sale
$1,869Unused loan commitments
$3,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$54Total risk weighted assets
$21,096Total unused commitments
$0Restructured Loans and leases
$1,183Derivatives

Income and Expense (December 31, 2004)

Dollar figures in thousands
$6,948Total interest income
$2,065Total interest expense
$4,883Net interest income
-$543Provision for loan and lease losses
$1,377Total noninterest income
$0Fiduciary activities
$562Service charges on deposit accounts
$0Trading account gains & fees
$815Additional noninterest income
$3,742Total noninterest expense
$1,912Salaries and employee benefits
$349Premises and equipment expense
$1,481Additional noninterest expense
$3,061Pre-tax net operating income
$2Securities gains (losses)
$10Applicable income taxes
$3,053Income before extraordinary items
$0Extraordinary gains - net
$3,053Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$27Sale, conversion, retirement of capital stock, net
$2,289Net operating income

Performance and Condition Ratios (December 31, 2004)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.32%Yield on earning assets
1.58%Cost of funding earning assets
3.74%Net interest margin
1.05%Noninterest income to earning assets
2.86%Noninterest expense to earning assets
2.22%Net operating income to assets
2.22%Return on assets (ROA)
2.23%Pretax return on assets
15.32%Return on equity (ROE)
3.83%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
2011.11%Credit loss provision to net charge-offs
0.00%Efficiency ratio
59,776Assets per employee
5.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
74.98%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
210.87%Noncurrent assets plus other real estate owned to assets
0.59%Noncurrent loans to loans
0.68%Net loans and leases to deposits
77.79%Net loans and leases to core deposits
89.81%Equity capital to assets
14.99%Core capital (leverage) ratio
15.12%Tier 1 risk-based capital ratio
19.35%Total risk-based capital ratio
Memoranda
$20Average assets
$137,474Average earning assets
$19,925Average equity
$130,657Average loans

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