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

This bank is inactive as of May 06, 1994

  • Forest Lake State Bank in Forest Lake, Minnesota (MN)
  • Show street view No street view available for this location

Forest Lake State Bank - Overview

  • General
  • FDIC Certificate #: 1394
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank Minnesota, National Association (#5208)
    Federal Reserve ID: 997258
    Date Established: May 03, 1903
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 916
    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 06, 1994
    Last Structure Change Process Date: May 16, 1994
    Last Data Update: May 16, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 208 South Lake Street, Forest Lake, MN 55025
    County: Washington
    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
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • Financial Summary
  • Total assets: $54.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $35Total assets
  • $58,251Cash and due from depository institutions
  • $2,614Interest-bearing balances
  • $0Securities
  • $18,186Federal funds sold & reverse repurchase agreements
  • $5,041Net loans & leases
  • $29,501Loan loss allowance
  • $1,026Trading account assets
  • $0Bank premises and fixed assets
  • $1,303Other real estate owned
  • $334Goodwill and other intangibles
  • $1,272Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $58,251Total liabilities
  • $54,065Total deposits
  • $52,074Interest-bearing deposits
  • $42,822Deposits held in domestic offices
  • 52074.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,085Subordinated debt
  • $0All other liabilities
  • $906Total equity capital
  • $906Total bank equity capital
  • $4,186Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $1,900Undivided profits
  • Memoranda
  • $2,186Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $188Income earned, not collected on loans
  • $191Earning assets
  • $52,728Long-term assets (5+ years)
  • $5,972Average Assets, year-to-date
  • $59,316Average Assets, quarterly
  • $59,203Volatile liabilities
  • $3,011Insider loans
  • $914FHLB advances
  • $0Loans and leases held for sale
  • $1,528Unused loan commitments
  • $5,340Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,186Total risk weighted assets
  • $36,398Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,517Total interest expense
  • $1,484Net interest income
  • $3,033Provision for loan and lease losses
  • $840Total noninterest income
  • $1,324Fiduciary activities
  • $0Service charges on deposit accounts
  • $532Trading account gains & fees
  • $0Additional noninterest income
  • $792Total noninterest expense
  • $3,032Salaries and employee benefits
  • $1,575Premises and equipment expense
  • $490Additional noninterest expense
  • $967Pre-tax net operating income
  • $485Securities gains (losses)
  • $0Applicable income taxes
  • $481Income before extraordinary items
  • $4Extraordinary gains - net
  • $0Net income attributable to bank
  • $4Net charge-offs
  • $61Cash dividends
  • $375Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.38%Cost of funding earning assets
  • 2.75%Net interest margin
  • 5.63%Noninterest income to earning assets
  • 2.46%Noninterest expense to earning assets
  • 5.63%Net operating income to assets
  • 0.01%Return on assets (ROA)
  • 0.01%Pretax return on assets
  • 0.82%Return on equity (ROE)
  • 0.09%Retained earnings to average equity (YTD only)
  • -8.28%Net charge-offs to loans
  • 0.18%Credit loss provision to net charge-offs
  • 1377.05%Efficiency ratio
  • 69,589Assets per employee
  • 1.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9375.00%Loss allowance to loans
  • 3.36%Loss allowance to noncurrent loans
  • 545.74%Noncurrent assets plus other real estate owned to assets
  • 0.90%Noncurrent loans to loans
  • 0.62%Net loans and leases to deposits
  • 56.65%Net loans and leases to core deposits
  • 58.89%Equity capital to assets
  • 7.19%Core capital (leverage) ratio
  • 7.13%Tier 1 risk-based capital ratio
  • 11.50%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $59,316Average earning assets
  • $4,480Average equity
  • $53,880Average loans

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