FDIC Certificate #: 11416 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Central Bank (#27234) Federal Reserve ID: 186650 Date Established: January 01, 1890 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 7288 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 02, 2009 Last Structure Change Process Date: October 05, 2009 Last Data Update: October 05, 2009 Data Source Date: April 05, 2012
Location
Address: 126 West Main Street, Spring Grove, MN 55974 County: Houston 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): La Crosse, WI-MN (#3870) Core Based Statistical Area (CBSA): La Crosse, WI-MN (#29100) CBSA Metro Statistical Area: La Crosse, WI-MN (#29100)
Financial Summary
Total assets: $52.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
29Total employees (full-time equivalent)
$50,810Total assets
$1,115Cash and due from depository institutions
$3Interest-bearing balances
$6,240Securities
$3,383Federal funds sold & reverse repurchase agreements
$33,761Net loans & leases
$1,277Loan loss allowance
$0Trading account assets
$1,126Bank premises and fixed assets
$3,394Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,791All other assets
$50,810Total liabilities and capital
$47,757Total liabilities
$47,262Total deposits
$40,716Interest-bearing deposits
$47,262Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$83Other borrowed funds
$0Subordinated debt
$412All other liabilities
$3,053Total equity capital
$3,053Total bank equity capital
$3,053Perpetual preferred stock
$0Common stock
$124Surplus
$4,126Undivided profits
Memoranda
$-1,197Noncurrent loans and leases
$3,046Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,288Earning assets
$0Long-term assets (5+ years)
$414Average Assets, year-to-date
$43,387Average Assets, quarterly
$2,431Volatile liabilities
$49,239Insider loans
$50,665FHLB advances
$6,212Loans and leases held for sale
$1,062Unused loan commitments
$83Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,046Total unused commitments
$0Restructured Loans and leases
$494Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$2,846Total interest income
$1,168Total interest expense
$1,678Net interest income
$1,040Provision for loan and lease losses
$356Total noninterest income
$0Fiduciary activities
$260Service charges on deposit accounts
$0Trading account gains & fees
$96Additional noninterest income
$3,098Total noninterest expense
$1,360Salaries and employee benefits
$596Premises and equipment expense
$1,142Additional noninterest expense
-$2,104Pre-tax net operating income
$0Securities gains (losses)
-$852Applicable income taxes
-$1,252Income before extraordinary items
$0Extraordinary gains - net
-$1,252Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$725Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.91%Yield on earning assets
2.84%Cost of funding earning assets
4.08%Net interest margin
0.86%Noninterest income to earning assets
7.53%Noninterest expense to earning assets
-2.54%Net operating income to assets
-2.54%Return on assets (ROA)
-4.27%Pretax return on assets
-34.13%Return on equity (ROE)
-34.13%Retained earnings to average equity (YTD only)
1.99%Net charge-offs to loans
143.45%Credit loss provision to net charge-offs
-1.47%Efficiency ratio
152,311Assets per employee
1.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.64%Loss allowance to noncurrent loans
29.78%Noncurrent assets plus other real estate owned to assets
15.12%Noncurrent loans to loans
12.24%Net loans and leases to deposits
71.43%Net loans and leases to core deposits
82.24%Equity capital to assets
6.01%Core capital (leverage) ratio
4.48%Tier 1 risk-based capital ratio
5.79%Total risk-based capital ratio
Memoranda
$7Average assets
$49,239Average earning assets
$3,668Average equity
$41,167Average loans
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