First Security Bank - Evansville in Evansville, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 14, 2011

First Security Bank - Evansville in Evansville, Minnesota (MN)
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First Security Bank - Evansville - Overview

General
FDIC Certificate #: 8186
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Security Bank - Sleepy Eye (#5252)
Federal Reserve ID: 14454
Date Established: January 01, 1882
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 9894
FDIC's unique #: 5212
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: Febuary 14, 2011
Last Structure Change Process Date: March 15, 2011
Last Data Update: March 15, 2011
Data Source Date: April 05, 2012
Location
Address: 303 Kron Street, Evansville, MN 56326
County: Douglas
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
Core Based Statistical Area (CBSA): Alexandria, MN (#10820)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $20.4 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
6Total employees (full-time equivalent)
$20,355Total assets
$3,234Cash and due from depository institutions
$2,634Interest-bearing balances
$6,820Securities
$0Federal funds sold & reverse repurchase agreements
$8,558Net loans & leases
$272Loan loss allowance
$0Trading account assets
$407Bank premises and fixed assets
$262Other real estate owned
$696Goodwill and other intangibles
$0Life insurance assets
$378All other assets
$20,355Total liabilities and capital
$16,936Total liabilities
$15,650Total deposits
$12,559Interest-bearing deposits
$15,650Deposits held in domestic offices
93.15%% insured (estimated)
$225Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,000Other borrowed funds
$0Subordinated debt
$61All other liabilities
$3,419Total equity capital
$3,419Total bank equity capital
$3,419Perpetual preferred stock
$0Common stock
$75Surplus
$3,696Undivided profits
Memoranda
$-352Noncurrent loans and leases
$1,279Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$132Average Assets, year-to-date
$18,012Average Assets, quarterly
$7,603Volatile liabilities
$21,336Insider loans
$20,564FHLB advances
$1,207Loans and leases held for sale
$0Unused loan commitments
$1,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,279Total unused commitments
$0Restructured Loans and leases
$178Derivatives

Income and Expense (December 31, 2010)

Dollar figures in thousands
$1,101Total interest income
$215Total interest expense
$886Net interest income
$60Provision for loan and lease losses
$16Total noninterest income
$0Fiduciary activities
$50Service charges on deposit accounts
$0Trading account gains & fees
-$34Additional noninterest income
$840Total noninterest expense
$253Salaries and employee benefits
$92Premises and equipment expense
$495Additional noninterest expense
$2Pre-tax net operating income
$27Securities gains (losses)
$0Applicable income taxes
$29Income before extraordinary items
$0Extraordinary gains - net
$29Net income attributable to bank
$0Net charge-offs
$29Cash dividends
$380Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2010)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.79%Yield on earning assets
1.13%Cost of funding earning assets
4.66%Net interest margin
0.08%Noninterest income to earning assets
4.42%Noninterest expense to earning assets
0.01%Net operating income to assets
0.14%Return on assets (ROA)
0.14%Pretax return on assets
0.90%Return on equity (ROE)
0.90%Retained earnings to average equity (YTD only)
3.78%Net charge-offs to loans
15.79%Credit loss provision to net charge-offs
0.16%Efficiency ratio
93,126Assets per employee
3.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.08%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
1.29%Noncurrent loans to loans
0.00%Net loans and leases to deposits
54.68%Net loans and leases to core deposits
58.34%Equity capital to assets
16.80%Core capital (leverage) ratio
13.55%Tier 1 risk-based capital ratio
19.08%Total risk-based capital ratio
Memoranda
$20Average assets
$21,336Average earning assets
$3,205Average equity
$19,013Average loans

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