Lake Country State Bank in Long Prairie, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 22, 2008

Lake Country State Bank in Long Prairie, Minnesota (MN)
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Lake Country State Bank - Overview

General
FDIC Certificate #: 10164
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Minnesota National Bank (#5249)
Federal Reserve ID: 96357
Date Established: Febuary 01, 1917
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 11596
FDIC's unique #: 6505
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: March 22, 2008
Last Structure Change Process Date: April 01, 2008
Last Data Update: April 01, 2008
Data Source Date: April 05, 2012
Location
Address: 706 South Lake Street, Long Prairie, MN 56347
County: Todd
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $74.5 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, 2007)

Dollar figures in thousands
24Total employees (full-time equivalent)
$74,501Total assets
$2,292Cash and due from depository institutions
$31Interest-bearing balances
$23,769Securities
$0Federal funds sold & reverse repurchase agreements
$38,081Net loans & leases
$555Loan loss allowance
$0Trading account assets
$3,096Bank premises and fixed assets
$411Other real estate owned
$5,842Goodwill and other intangibles
$0Life insurance assets
$1,010All other assets
$74,501Total liabilities and capital
$62,016Total liabilities
$56,530Total deposits
$48,149Interest-bearing deposits
$56,530Deposits held in domestic offices
0.00%% insured (estimated)
$200Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,900Other borrowed funds
$0Subordinated debt
$386All other liabilities
$12,485Total equity capital
$12,485Total bank equity capital
$12,485Perpetual preferred stock
$0Common stock
$85Surplus
$12,048Undivided profits
Memoranda
$352Noncurrent loans and leases
$3,630Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$307Earning assets
$0Long-term assets (5+ years)
$551Average Assets, year-to-date
$61,881Average Assets, quarterly
$19,267Volatile liabilities
$79,757Insider loans
$75,913FHLB advances
$15,276Loans and leases held for sale
$0Unused loan commitments
$4,900Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,630Total unused commitments
$0Restructured Loans and leases
$555Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$1,347Total interest income
$599Total interest expense
$748Net interest income
$110Provision for loan and lease losses
$100Total noninterest income
$0Fiduciary activities
$69Service charges on deposit accounts
$0Trading account gains & fees
$31Additional noninterest income
$700Total noninterest expense
$309Salaries and employee benefits
$119Premises and equipment expense
$272Additional noninterest expense
$38Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$38Income before extraordinary items
$0Extraordinary gains - net
$38Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$84Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
1.92%Yield on earning assets
0.85%Cost of funding earning assets
1.06%Net interest margin
0.14%Noninterest income to earning assets
1.00%Noninterest expense to earning assets
0.05%Net operating income to assets
0.05%Return on assets (ROA)
0.05%Pretax return on assets
0.39%Return on equity (ROE)
0.39%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
130.95%Credit loss provision to net charge-offs
1.76%Efficiency ratio
82,547Assets per employee
3.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
180.78%Noncurrent assets plus other real estate owned to assets
0.96%Noncurrent loans to loans
0.79%Net loans and leases to deposits
67.36%Net loans and leases to core deposits
83.96%Equity capital to assets
16.76%Core capital (leverage) ratio
9.11%Tier 1 risk-based capital ratio
13.83%Total risk-based capital ratio
Memoranda
$15Average assets
$79,757Average earning assets
$9,639Average equity
$70,319Average loans

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