FDIC Certificate #: 10207 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:BlackRidgeBANK (#58580) Federal Reserve ID: 400758 Date Established: September 09, 1904 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 6546 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: October 01, 2011 Last Structure Change Process Date: November 29, 2011 Last Data Update: November 29, 2011 Data Source Date: April 05, 2012
Location
Address: 3313 Highway 29 South, Alexandria, MN 56308 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: $110.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$116,433Total assets
$1,703Cash and due from depository institutions
$13Interest-bearing balances
$13,584Securities
$2,956Federal funds sold & reverse repurchase agreements
$84,788Net loans & leases
$1,033Loan loss allowance
$0Trading account assets
$2,541Bank premises and fixed assets
$986Other real estate owned
$8,475Goodwill and other intangibles
$0Life insurance assets
$1,400All other assets
$116,433Total liabilities and capital
$98,655Total liabilities
$98,185Total deposits
$84,774Interest-bearing deposits
$98,185Deposits held in domestic offices
97.07%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$470All other liabilities
$17,778Total equity capital
$17,778Total bank equity capital
$17,778Perpetual preferred stock
$0Common stock
$100Surplus
$16,331Undivided profits
Memoranda
$1,347Noncurrent loans and leases
$8,861Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,431Earning assets
$0Long-term assets (5+ years)
$387Average Assets, year-to-date
$101,341Average Assets, quarterly
$25,550Volatile liabilities
$115,158Insider loans
$116,775FHLB advances
$14,501Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,861Total unused commitments
$0Restructured Loans and leases
$1,033Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$5,807Total interest income
$1,508Total interest expense
$4,299Net interest income
$240Provision for loan and lease losses
$505Total noninterest income
$0Fiduciary activities
$226Service charges on deposit accounts
$0Trading account gains & fees
$279Additional noninterest income
$3,031Total noninterest expense
$1,393Salaries and employee benefits
$430Premises and equipment expense
$1,208Additional noninterest expense
$1,533Pre-tax net operating income
$0Securities gains (losses)
$589Applicable income taxes
$944Income before extraordinary items
$0Extraordinary gains - net
$944Net income attributable to bank
$0Net charge-offs
$944Cash dividends
$261Sale, conversion, retirement of capital stock, net
$1,000Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.81%Yield on earning assets
1.51%Cost of funding earning assets
4.30%Net interest margin
0.51%Noninterest income to earning assets
3.04%Noninterest expense to earning assets
0.82%Net operating income to assets
0.82%Return on assets (ROA)
1.33%Pretax return on assets
5.29%Return on equity (ROE)
-0.31%Retained earnings to average equity (YTD only)
0.29%Net charge-offs to loans
91.95%Credit loss provision to net charge-offs
6.79%Efficiency ratio
60,970Assets per employee
4.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
105.93%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
30.11%Noncurrent assets plus other real estate owned to assets
3.79%Noncurrent loans to loans
4.00%Net loans and leases to deposits
86.36%Net loans and leases to core deposits
101.32%Equity capital to assets
15.27%Core capital (leverage) ratio
8.46%Tier 1 risk-based capital ratio
10.56%Total risk-based capital ratio
Memoranda
$12Average assets
$115,158Average earning assets
$17,831Average equity
$99,863Average loans
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