FDIC Certificate #: 1925 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:U.S. Bank National Association (#5134) Federal Reserve ID: 33651 Date Established: August 01, 1907 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 11975 FDIC's unique #: 1290 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: March 13, 1999 Last Structure Change Process Date: March 23, 1999 Last Data Update: March 23, 1999 Data Source Date: April 05, 2012
Location
Address: 220 East Kraft Drive, Melrose, MN 56352 County: Stearns 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): St. Cloud, MN (#6980) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): St. Cloud, MN (#41060) CBSA Metro Statistical Area: St. Cloud, MN (#41060)
Financial Summary
Total assets: $58.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
14Total employees (full-time equivalent)
$58,070Total assets
$1,766Cash and due from depository institutions
$0Interest-bearing balances
$15,656Securities
$6,475Federal funds sold & reverse repurchase agreements
$26,829Net loans & leases
$204Loan loss allowance
$0Trading account assets
$817Bank premises and fixed assets
$0Other real estate owned
$5,839Goodwill and other intangibles
$0Life insurance assets
$688All other assets
$58,070Total liabilities and capital
$44,765Total liabilities
$42,489Total deposits
$38,920Interest-bearing deposits
$42,489Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,276All other liabilities
$13,305Total equity capital
$13,305Total bank equity capital
$13,305Perpetual preferred stock
$0Common stock
$125Surplus
$12,750Undivided profits
Memoranda
$430Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$139Earning assets
$0Long-term assets (5+ years)
$146Average Assets, year-to-date
$48,960Average Assets, quarterly
$2,906Volatile liabilities
$58,389Insider loans
$58,326FHLB advances
$3,953Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,035Total unused commitments
$0Restructured Loans and leases
$28,293Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$3,929Total interest income
$1,911Total interest expense
$2,018Net interest income
$0Provision for loan and lease losses
$108Total noninterest income
$0Fiduciary activities
$84Service charges on deposit accounts
$0Trading account gains & fees
$24Additional noninterest income
$1,358Total noninterest expense
$483Salaries and employee benefits
$180Premises and equipment expense
$695Additional noninterest expense
$768Pre-tax net operating income
$7Securities gains (losses)
$423Applicable income taxes
$352Income before extraordinary items
$0Extraordinary gains - net
$352Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$6Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.96%Yield on earning assets
3.87%Cost of funding earning assets
4.09%Net interest margin
0.22%Noninterest income to earning assets
2.75%Noninterest expense to earning assets
0.60%Net operating income to assets
0.60%Return on assets (ROA)
1.33%Pretax return on assets
2.69%Return on equity (ROE)
2.69%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
128.00%Efficiency ratio
48,401Assets per employee
4.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.75%Loss allowance to noncurrent loans
146.76%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.51%Net loans and leases to deposits
63.14%Net loans and leases to core deposits
69.62%Equity capital to assets
22.91%Core capital (leverage) ratio
14.24%Tier 1 risk-based capital ratio
26.20%Total risk-based capital ratio
Memoranda
$27Average assets
$58,389Average earning assets
$13,106Average equity
$49,383Average loans
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