FDIC Certificate #: 9739 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:State Bank & Trust (#19581) Federal Reserve ID: 331656 Date Established: January 01, 1896 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 6228 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: May 31, 2005 Last Structure Change Process Date: June 14, 2005 Last Data Update: June 14, 2005 Data Source Date: April 05, 2012
Location
Address: 920 Lake Avenue, Detroit Lakes, MN 56501 County: Becker 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
Financial Summary
Total assets: $11.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
6Total employees (full-time equivalent)
$12,169Total assets
$538Cash and due from depository institutions
$99Interest-bearing balances
$4,068Securities
$1,330Federal funds sold & reverse repurchase agreements
$4,875Net loans & leases
$101Loan loss allowance
$0Trading account assets
$179Bank premises and fixed assets
$0Other real estate owned
$1,085Goodwill and other intangibles
$0Life insurance assets
$94All other assets
$12,169Total liabilities and capital
$9,894Total liabilities
$9,849Total deposits
$7,617Interest-bearing deposits
$9,849Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$45All other liabilities
$2,275Total equity capital
$2,275Total bank equity capital
$2,275Perpetual preferred stock
$0Common stock
$30Surplus
$2,273Undivided profits
Memoranda
$-28Noncurrent loans and leases
$228Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3Earning assets
$0Long-term assets (5+ years)
$58Average Assets, year-to-date
$10,372Average Assets, quarterly
$610Volatile liabilities
$10,971Insider loans
$11,547FHLB advances
$353Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$228Total unused commitments
$0Restructured Loans and leases
$74Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$86Total interest income
$26Total interest expense
$60Net interest income
$0Provision for loan and lease losses
$19Total noninterest income
$0Fiduciary activities
$15Service charges on deposit accounts
$0Trading account gains & fees
$4Additional noninterest income
$84Total noninterest expense
$42Salaries and employee benefits
$10Premises and equipment expense
$32Additional noninterest expense
-$5Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$5Income before extraordinary items
$0Extraordinary gains - net
-$5Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$6Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.85%Yield on earning assets
0.26%Cost of funding earning assets
0.59%Net interest margin
0.19%Noninterest income to earning assets
0.83%Noninterest expense to earning assets
-0.05%Net operating income to assets
-0.05%Return on assets (ROA)
-0.05%Pretax return on assets
-0.35%Return on equity (ROE)
-0.35%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-0.83%Efficiency ratio
106,329Assets per employee
2.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.03%Loss allowance to noncurrent loans
3366.67%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.06%Net loans and leases to deposits
49.50%Net loans and leases to core deposits
51.34%Equity capital to assets
18.70%Core capital (leverage) ratio
11.32%Tier 1 risk-based capital ratio
20.48%Total risk-based capital ratio
Memoranda
$22Average assets
$10,971Average earning assets
$1,442Average equity
$10,154Average loans
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