FDIC Certificate #: 10961 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Security Bank - Sleepy Eye (#5252) Federal Reserve ID: 864958 Date Established: January 08, 1904 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 7017 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: July 14, 2008 Last Structure Change Process Date: August 15, 2008 Last Data Update: August 15, 2008 Data Source Date: April 05, 2012
Location
Address: 106 - 5th Street Se, Renville, MN 56284 County: Renville 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
Financial Summary
Total assets: $43.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
13Total employees (full-time equivalent)
$48,080Total assets
$14,143Cash and due from depository institutions
$3,961Interest-bearing balances
$4,888Securities
$999Federal funds sold & reverse repurchase agreements
$25,385Net loans & leases
$918Loan loss allowance
$0Trading account assets
$599Bank premises and fixed assets
$0Other real estate owned
$1,545Goodwill and other intangibles
$0Life insurance assets
$521All other assets
$48,080Total liabilities and capital
$43,417Total liabilities
$43,195Total deposits
$24,939Interest-bearing deposits
$43,195Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$222All other liabilities
$4,663Total equity capital
$4,663Total bank equity capital
$4,663Perpetual preferred stock
$0Common stock
$240Surplus
$4,980Undivided profits
Memoranda
$-557Noncurrent loans and leases
$5,022Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,341Earning assets
$0Long-term assets (5+ years)
$374Average Assets, year-to-date
$35,233Average Assets, quarterly
$1,462Volatile liabilities
$42,874Insider loans
$43,639FHLB advances
$1,117Loans and leases held for sale
$1Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,022Total unused commitments
$0Restructured Loans and leases
$382Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$2,136Total interest income
$989Total interest expense
$1,147Net interest income
$891Provision for loan and lease losses
$452Total noninterest income
$0Fiduciary activities
$244Service charges on deposit accounts
$0Trading account gains & fees
$208Additional noninterest income
$1,299Total noninterest expense
$638Salaries and employee benefits
$80Premises and equipment expense
$581Additional noninterest expense
-$591Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$591Income before extraordinary items
$0Extraordinary gains - net
-$591Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$703Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.00%Yield on earning assets
2.78%Cost of funding earning assets
3.22%Net interest margin
1.27%Noninterest income to earning assets
3.65%Noninterest expense to earning assets
-1.38%Net operating income to assets
-1.38%Return on assets (ROA)
-1.38%Pretax return on assets
-12.38%Return on equity (ROE)
-12.38%Retained earnings to average equity (YTD only)
2.81%Net charge-offs to loans
126.74%Credit loss provision to net charge-offs
0.43%Efficiency ratio
81,238Assets per employee
3.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.49%Loss allowance to noncurrent loans
68.46%Noncurrent assets plus other real estate owned to assets
2.79%Noncurrent loans to loans
5.10%Net loans and leases to deposits
58.77%Net loans and leases to core deposits
60.33%Equity capital to assets
9.70%Core capital (leverage) ratio
7.71%Tier 1 risk-based capital ratio
10.43%Total risk-based capital ratio
Memoranda
$12Average assets
$42,874Average earning assets
$4,773Average equity
$35,604Average loans
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