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

This bank is inactive as of September 20, 1996

Goodhue State Bank in Goodhue, Minnesota (MN)
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Goodhue State Bank - Overview

General
FDIC Certificate #: 10579
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: White Rock Bank (#10168)
Federal Reserve ID: 19150
Date Established: January 01, 1914
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 6780
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: September 20, 1996
Last Structure Change Process Date: October 07, 1996
Last Data Update: October 07, 1996
Data Source Date: April 05, 2012
Location
Address: Main Street, Goodhue, MN 55027
County: Goodhue
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
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): Red Wing, MN (#39860)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $24.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$12Total assets
$25,348Cash and due from depository institutions
$2,068Interest-bearing balances
$750Securities
$5,292Federal funds sold & reverse repurchase agreements
$2,075Net loans & leases
$14,725Loan loss allowance
$241Trading account assets
$0Bank premises and fixed assets
$226Other real estate owned
$0Goodwill and other intangibles
$962Life insurance assets
$0All other assets
$0Total liabilities and capital
$25,348Total liabilities
$22,527Total deposits
$22,361Interest-bearing deposits
$18,942Deposits held in domestic offices
22361.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$166Total equity capital
$166Total bank equity capital
$2,821Perpetual preferred stock
$0Common stock
$125Surplus
$2,125Undivided profits
Memoranda
$571Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$514Income earned, not collected on loans
$144Earning assets
$22,842Long-term assets (5+ years)
$2,976Average Assets, year-to-date
$25,481Average Assets, quarterly
$25,442Volatile liabilities
$2,024Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$907Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,821Total risk weighted assets
$18,395Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$2,019Total interest expense
$809Net interest income
$1,210Provision for loan and lease losses
$62Total noninterest income
$153Fiduciary activities
$0Service charges on deposit accounts
$83Trading account gains & fees
$0Additional noninterest income
$70Total noninterest expense
$820Salaries and employee benefits
$358Premises and equipment expense
$86Additional noninterest expense
$376Pre-tax net operating income
$481Securities gains (losses)
$0Applicable income taxes
$168Income before extraordinary items
$313Extraordinary gains - net
$0Net income attributable to bank
$313Net charge-offs
$105Cash dividends
$381Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.65%Cost of funding earning assets
3.47%Net interest margin
5.18%Noninterest income to earning assets
0.66%Noninterest expense to earning assets
3.51%Net operating income to assets
1.23%Return on assets (ROA)
1.23%Pretax return on assets
1.89%Return on equity (ROE)
10.56%Retained earnings to average equity (YTD only)
-2.29%Net charge-offs to loans
0.64%Credit loss provision to net charge-offs
59.05%Efficiency ratio
60,161Assets per employee
2.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
121.73%Loss allowance to loans
1.61%Loss allowance to noncurrent loans
46.89%Noncurrent assets plus other real estate owned to assets
2.03%Noncurrent loans to loans
3.43%Net loans and leases to deposits
65.85%Net loans and leases to core deposits
72.40%Equity capital to assets
11.13%Core capital (leverage) ratio
11.19%Tier 1 risk-based capital ratio
15.34%Total risk-based capital ratio
Memoranda
$17Average assets
$25,481Average earning assets
$2,963Average equity
$23,343Average loans

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