FDIC Certificate #: 5139 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Security Bank Minnesota (#10984) Federal Reserve ID: 935054 Date Established: May 16, 1903 WWW:http://www.dpscsoftware.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) OTS Docket #: 10544 FDIC's unique #: 3440 Numeric code: 13 Regulator: FED 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: July 14, 2003 Last Structure Change Process Date: August 13, 2003 Last Data Update: August 13, 2003 Data Source Date: April 05, 2012
Location
Address: Main Street, Emmons, MN 56029 County: Freeborn Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Albert Lea, MN (#10660) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $7.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
5Total employees (full-time equivalent)
$8,353Total assets
$256Cash and due from depository institutions
$12Interest-bearing balances
$2,394Securities
$636Federal funds sold & reverse repurchase agreements
$4,719Net loans & leases
$66Loan loss allowance
$0Trading account assets
$83Bank premises and fixed assets
$93Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$172All other assets
$8,353Total liabilities and capital
$7,041Total liabilities
$7,003Total deposits
$5,882Interest-bearing deposits
$7,003Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$38All other liabilities
$1,312Total equity capital
$1,312Total bank equity capital
$1,312Perpetual preferred stock
$0Common stock
$100Surplus
$1,000Undivided profits
Memoranda
$212Noncurrent loans and leases
$104Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$115Earning assets
$0Long-term assets (5+ years)
$53Average Assets, year-to-date
$7,761Average Assets, quarterly
$1,144Volatile liabilities
$8,578Insider loans
$8,557FHLB advances
$582Loans and leases held for sale
$110Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$104Total unused commitments
$0Restructured Loans and leases
$65Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$531Total interest income
$132Total interest expense
$399Net interest income
-$14Provision for loan and lease losses
-$1Total noninterest income
$0Fiduciary activities
$38Service charges on deposit accounts
$0Trading account gains & fees
-$39Additional noninterest income
$354Total noninterest expense
$228Salaries and employee benefits
$28Premises and equipment expense
$98Additional noninterest expense
$58Pre-tax net operating income
$1Securities gains (losses)
$15Applicable income taxes
$44Income before extraordinary items
$0Extraordinary gains - net
$44Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$14Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.70%Yield on earning assets
1.66%Cost of funding earning assets
5.03%Net interest margin
-0.01%Noninterest income to earning assets
4.46%Noninterest expense to earning assets
0.50%Net operating income to assets
0.51%Return on assets (ROA)
0.69%Pretax return on assets
3.46%Return on equity (ROE)
3.46%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
-100.00%Credit loss provision to net charge-offs
3.14%Efficiency ratio
88,945Assets per employee
1.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.38%Loss allowance to noncurrent loans
57.39%Noncurrent assets plus other real estate owned to assets
2.49%Noncurrent loans to loans
2.40%Net loans and leases to deposits
67.39%Net loans and leases to core deposits
73.49%Equity capital to assets
15.71%Core capital (leverage) ratio
14.84%Tier 1 risk-based capital ratio
24.71%Total risk-based capital ratio
Memoranda
$26Average assets
$8,578Average earning assets
$1,273Average equity
$7,930Average loans
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