FDIC Certificate #: 4015 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Bank & Trust, National Association (#5227) Federal Reserve ID: 2948245 Date Established: January 01, 1894 WWW:http://www.fnbluv.com 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) OTS Docket #: 13077 FDIC's unique #: 2601 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: Febuary 06, 2004 Last Structure Change Process Date: March 08, 2004 Last Data Update: March 08, 2004 Data Source Date: April 05, 2012
Location
Address: 800 S. Kniss, Luverne, MN 56156 County: Rock Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux Falls Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
Financial Summary
Total assets: $24.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
10Total employees (full-time equivalent)
$24,235Total assets
$2,200Cash and due from depository institutions
$56Interest-bearing balances
$9,075Securities
$575Federal funds sold & reverse repurchase agreements
$11,763Net loans & leases
$297Loan loss allowance
$0Trading account assets
$149Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$473All other assets
$24,235Total liabilities and capital
$21,586Total liabilities
$21,456Total deposits
$18,457Interest-bearing deposits
$21,456Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$130All other liabilities
$2,649Total equity capital
$2,649Total bank equity capital
$2,649Perpetual preferred stock
$0Common stock
$200Surplus
$2,195Undivided profits
Memoranda
$254Noncurrent loans and leases
$2,470Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$265Earning assets
$0Long-term assets (5+ years)
$180Average Assets, year-to-date
$21,469Average Assets, quarterly
$5,800Volatile liabilities
$25,248Insider loans
$24,726FHLB advances
$1,544Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,470Total unused commitments
$0Restructured Loans and leases
$228Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$1,457Total interest income
$521Total interest expense
$936Net interest income
$101Provision for loan and lease losses
$176Total noninterest income
$0Fiduciary activities
$151Service charges on deposit accounts
$0Trading account gains & fees
$25Additional noninterest income
$801Total noninterest expense
$358Salaries and employee benefits
$88Premises and equipment expense
$355Additional noninterest expense
$210Pre-tax net operating income
$0Securities gains (losses)
$67Applicable income taxes
$143Income before extraordinary items
$0Extraordinary gains - net
$143Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$8Sale, conversion, retirement of capital stock, net
$150Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.48%Yield on earning assets
2.32%Cost of funding earning assets
4.16%Net interest margin
0.78%Noninterest income to earning assets
3.56%Noninterest expense to earning assets
0.57%Net operating income to assets
0.57%Return on assets (ROA)
0.83%Pretax return on assets
4.73%Return on equity (ROE)
-0.23%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
1262.50%Credit loss provision to net charge-offs
38.88%Efficiency ratio
72,032Assets per employee
2.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
104.90%Loss allowance to loans
2.46%Loss allowance to noncurrent loans
112.08%Noncurrent assets plus other real estate owned to assets
1.09%Noncurrent loans to loans
2.20%Net loans and leases to deposits
54.82%Net loans and leases to core deposits
59.07%Equity capital to assets
10.93%Core capital (leverage) ratio
10.76%Tier 1 risk-based capital ratio
14.63%Total risk-based capital ratio
Memoranda
$16Average assets
$25,248Average earning assets
$3,023Average equity
$22,495Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First National Bank of Luverne.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: