FDIC Certificate #: 8189 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Farmers State Bank of Madelia, Incorporated (#10566) Federal Reserve ID: 956657 Date Established: January 22, 1902 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 5215 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: August 23, 2002 Last Structure Change Process Date: October 08, 2002 Last Data Update: October 08, 2002 Data Source Date: April 05, 2012
Location
Address: Main Street, Lewisville, MN 56060 County: Watonwan Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Mankato Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
Financial Summary
Total assets: $10.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
7Total employees (full-time equivalent)
$11,972Total assets
$1,373Cash and due from depository institutions
$100Interest-bearing balances
$1,076Securities
$1,718Federal funds sold & reverse repurchase agreements
$7,447Net loans & leases
$434Loan loss allowance
$0Trading account assets
$150Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$208All other assets
$11,972Total liabilities and capital
$11,321Total liabilities
$11,243Total deposits
$10,245Interest-bearing deposits
$11,243Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$78All other liabilities
$651Total equity capital
$651Total bank equity capital
$651Perpetual preferred stock
$0Common stock
$100Surplus
$750Undivided profits
Memoranda
$-199Noncurrent loans and leases
$1,393Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$552Earning assets
$0Long-term assets (5+ years)
$192Average Assets, year-to-date
$10,341Average Assets, quarterly
$367Volatile liabilities
$12,298Insider loans
$12,297FHLB advances
$643Loans and leases held for sale
$4Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,393Total unused commitments
$0Restructured Loans and leases
$100Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$909Total interest income
$452Total interest expense
$457Net interest income
$411Provision for loan and lease losses
$41Total noninterest income
$0Fiduciary activities
$26Service charges on deposit accounts
$0Trading account gains & fees
$15Additional noninterest income
$375Total noninterest expense
$216Salaries and employee benefits
$50Premises and equipment expense
$109Additional noninterest expense
-$288Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
-$289Income before extraordinary items
$0Extraordinary gains - net
-$289Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$84Sale, conversion, retirement of capital stock, net
$46Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.04%Yield on earning assets
4.00%Cost of funding earning assets
4.04%Net interest margin
0.36%Noninterest income to earning assets
3.32%Noninterest expense to earning assets
-2.35%Net operating income to assets
-2.35%Return on assets (ROA)
-2.34%Pretax return on assets
-32.52%Return on equity (ROE)
-37.69%Retained earnings to average equity (YTD only)
1.00%Net charge-offs to loans
489.29%Credit loss provision to net charge-offs
1.46%Efficiency ratio
75,301Assets per employee
1.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
-15.92%Loss allowance to loans
5.51%Loss allowance to noncurrent loans
78.62%Noncurrent assets plus other real estate owned to assets
4.61%Noncurrent loans to loans
7.00%Net loans and leases to deposits
66.24%Net loans and leases to core deposits
70.25%Equity capital to assets
5.44%Core capital (leverage) ratio
5.10%Tier 1 risk-based capital ratio
7.98%Total risk-based capital ratio
Memoranda
$9Average assets
$12,298Average earning assets
$889Average equity
$11,310Average loans
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