First State Bank, Lake Lillian, Minnesota in Lake Lillian, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 2005

First State Bank, Lake Lillian, Minnesota in Lake Lillian, Minnesota (MN)
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First State Bank, Lake Lillian, Minnesota - Overview

General
FDIC Certificate #: 1404
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Citizens Alliance Bank (#1402)
Federal Reserve ID: 955052
Date Established: April 09, 1914
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 926
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 01, 2005
Last Structure Change Process Date: October 18, 2005
Last Data Update: October 18, 2005
Data Source Date: April 05, 2012
Location
Address: Main Street, Lake Lillian, MN 56253
County: Kandiyohi
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
Core Based Statistical Area (CBSA): Willmar, MN (#48820)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $101.3 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
10Total employees (full-time equivalent)
$108,850Total assets
$15,334Cash and due from depository institutions
$8,754Interest-bearing balances
$64,344Securities
$13,582Federal funds sold & reverse repurchase agreements
$14,193Net loans & leases
$143Loan loss allowance
$0Trading account assets
$725Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$672All other assets
$108,850Total liabilities and capital
$99,938Total liabilities
$90,930Total deposits
$8,366Interest-bearing deposits
$90,930Deposits held in domestic offices
0.00%% insured (estimated)
$9,000Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$8All other liabilities
$8,912Total equity capital
$8,912Total bank equity capital
$8,912Perpetual preferred stock
$0Common stock
$50Surplus
$6,475Undivided profits
Memoranda
$2,387Noncurrent loans and leases
$153Noncurrent 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)
$599Average Assets, year-to-date
$100,873Average Assets, quarterly
$3,634Volatile liabilities
$136,087Insider loans
$106,814FHLB advances
$9,506Loans and leases held for sale
$91Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$153Total unused commitments
$0Restructured Loans and leases
$143Derivatives

Income and Expense (December 31, 2004)

Dollar figures in thousands
$3,399Total interest income
$149Total interest expense
$3,250Net interest income
$30Provision for loan and lease losses
$194Total noninterest income
$0Fiduciary activities
$167Service charges on deposit accounts
$0Trading account gains & fees
$27Additional noninterest income
$1,385Total noninterest expense
$431Salaries and employee benefits
$137Premises and equipment expense
$817Additional noninterest expense
$2,029Pre-tax net operating income
-$19Securities gains (losses)
$1Applicable income taxes
$2,009Income before extraordinary items
$0Extraordinary gains - net
$2,009Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$20Sale, conversion, retirement of capital stock, net
$1,846Net operating income

Performance and Condition Ratios (December 31, 2004)

Dollar figures in thousands
Performance Ratios (%, annualized)
2.77%Yield on earning assets
0.12%Cost of funding earning assets
2.64%Net interest margin
0.16%Noninterest income to earning assets
1.13%Noninterest expense to earning assets
1.49%Net operating income to assets
1.48%Return on assets (ROA)
1.48%Pretax return on assets
23.46%Return on equity (ROE)
1.90%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
150.00%Credit loss provision to net charge-offs
102.95%Efficiency ratio
40,215Assets per employee
10.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
91.89%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
15.61%Net loans and leases to core deposits
15.70%Equity capital to assets
8.19%Core capital (leverage) ratio
8.12%Tier 1 risk-based capital ratio
25.63%Total risk-based capital ratio
Memoranda
$26Average assets
$136,087Average earning assets
$8,563Average equity
$122,917Average loans

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