First State Bank of Cosmos in Cosmos, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 18, 1995

First State Bank of Cosmos in Cosmos, Minnesota (MN)
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First State Bank of Cosmos - Overview

General
FDIC Certificate #: 12565
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Home State Bank (#9745)
Federal Reserve ID: 404550
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 #: 7987
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 18, 1995
Last Structure Change Process Date: October 30, 1995
Last Data Update: October 30, 1995
Data Source Date: April 05, 2012
Location
Address: Main Street, Cosmos, MN 56228
County: Meeker
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: $6.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$7,521Cash and due from depository institutions
$1,146Interest-bearing balances
$458Securities
$2,161Federal funds sold & reverse repurchase agreements
$300Net loans & leases
$3,668Loan loss allowance
$42Trading account assets
$0Bank premises and fixed assets
$143Other real estate owned
$0Goodwill and other intangibles
$103Life insurance assets
$0All other assets
$0Total liabilities and capital
$7,521Total liabilities
$6,775Total deposits
$6,727Interest-bearing deposits
$5,647Deposits held in domestic offices
6727.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$48Total equity capital
$48Total bank equity capital
$746Perpetual preferred stock
$0Common stock
$66Surplus
$434Undivided profits
Memoranda
$246Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$44Earning assets
$6,587Long-term assets (5+ years)
$528Average Assets, year-to-date
$7,458Average Assets, quarterly
$7,484Volatile liabilities
$400Insider loans
$44FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$746Total risk weighted assets
$4,168Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$526Total interest expense
$165Net interest income
$361Provision for loan and lease losses
$17Total noninterest income
$52Fiduciary activities
$0Service charges on deposit accounts
$41Trading account gains & fees
$0Additional noninterest income
$11Total noninterest expense
$341Salaries and employee benefits
$240Premises and equipment expense
$42Additional noninterest expense
$59Pre-tax net operating income
$55Securities gains (losses)
$0Applicable income taxes
$13Income before extraordinary items
$42Extraordinary gains - net
$0Net income attributable to bank
$42Net charge-offs
$44Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.99%Cost of funding earning assets
2.51%Net interest margin
5.48%Noninterest income to earning assets
0.79%Noninterest expense to earning assets
5.18%Net operating income to assets
0.56%Return on assets (ROA)
0.56%Pretax return on assets
0.74%Return on equity (ROE)
5.75%Retained earnings to average equity (YTD only)
5.75%Net charge-offs to loans
1.19%Credit loss provision to net charge-offs
37.78%Efficiency ratio
82,567Assets per employee
1.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.13%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
54.53%Net loans and leases to core deposits
57.97%Equity capital to assets
9.92%Core capital (leverage) ratio
9.90%Tier 1 risk-based capital ratio
17.90%Total risk-based capital ratio
Memoranda
$19Average assets
$7,458Average earning assets
$731Average equity
$6,585Average loans

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