FDIC Certificate #: 17195 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Northview Bank (#10956) Federal Reserve ID: 362052 Date Established: August 08, 1902 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) OTS Docket #: 14009 FDIC's unique #: 11225 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: March 13, 1953 Last Structure Change Effective Date: July 28, 2011 Last Structure Change Process Date: August 15, 2011 Last Data Update: August 15, 2011 Data Source Date: April 05, 2012
Location
Address: 510 Main Street, Sandstone, MN 55072 County: Pine Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
Financial Summary
Total assets: $69.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
28Total employees (full-time equivalent)
$70,626Total assets
$1,630Cash and due from depository institutions
$31Interest-bearing balances
$17,349Securities
$825Federal funds sold & reverse repurchase agreements
$48,320Net loans & leases
$775Loan loss allowance
$0Trading account assets
$1,005Bank premises and fixed assets
$452Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,045All other assets
$70,626Total liabilities and capital
$64,669Total liabilities
$64,616Total deposits
$59,364Interest-bearing deposits
$64,616Deposits held in domestic offices
80.72%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$53All other liabilities
$5,957Total equity capital
$5,957Total bank equity capital
$5,957Perpetual preferred stock
$0Common stock
$1,900Surplus
$1,900Undivided profits
Memoranda
$2,157Noncurrent loans and leases
$4,035Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,505Earning assets
$200Long-term assets (5+ years)
$277Average Assets, year-to-date
$66,525Average Assets, quarterly
$16,027Volatile liabilities
$67,418Insider loans
$70,102FHLB advances
$3,341Loans and leases held for sale
$142Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,035Total unused commitments
$0Restructured Loans and leases
$627Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$3,845Total interest income
$774Total interest expense
$3,071Net interest income
$743Provision for loan and lease losses
$214Total noninterest income
$0Fiduciary activities
$61Service charges on deposit accounts
$0Trading account gains & fees
$153Additional noninterest income
$2,215Total noninterest expense
$1,221Salaries and employee benefits
$173Premises and equipment expense
$821Additional noninterest expense
$327Pre-tax net operating income
$127Securities gains (losses)
$0Applicable income taxes
$454Income before extraordinary items
$0Extraordinary gains - net
$454Net income attributable to bank
$0Net charge-offs
$454Cash dividends
$451Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.07%Yield on earning assets
1.22%Cost of funding earning assets
4.85%Net interest margin
0.34%Noninterest income to earning assets
3.50%Noninterest expense to earning assets
0.49%Net operating income to assets
0.67%Return on assets (ROA)
0.67%Pretax return on assets
7.86%Return on equity (ROE)
7.86%Retained earnings to average equity (YTD only)
0.91%Net charge-offs to loans
164.75%Credit loss provision to net charge-offs
2.37%Efficiency ratio
67,428Assets per employee
2.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.58%Loss allowance to noncurrent loans
51.50%Noncurrent assets plus other real estate owned to assets
2.77%Noncurrent loans to loans
3.07%Net loans and leases to deposits
74.78%Net loans and leases to core deposits
78.86%Equity capital to assets
8.43%Core capital (leverage) ratio
8.70%Tier 1 risk-based capital ratio
11.81%Total risk-based capital ratio
Memoranda
$13Average assets
$67,418Average earning assets
$5,773Average equity
$63,295Average loans
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