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

This bank is inactive as of Febuary 27, 1993

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

General
FDIC Certificate #: 8856
Status: Inactive
Closing history: Consolidated - Without Assistance
Acquiring institution: Security State Bank of Wykoff (#1103)
Federal Reserve ID: 725956
Date Established: May 15, 1903
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 5651
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: Febuary 27, 1993
Last Structure Change Process Date: March 16, 1993
Last Data Update: March 16, 1993
Data Source Date: April 05, 2012
Location
Address: Main Street, Ostrander, MN 55961
County: Fillmore
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
Financial Summary
Total assets: $19.8 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$19,760Cash and due from depository institutions
$1,029Interest-bearing balances
$97Securities
$7,979Federal funds sold & reverse repurchase agreements
$1,800Net loans & leases
$8,479Loan loss allowance
$98Trading account assets
$0Bank premises and fixed assets
$118Other real estate owned
$27Goodwill and other intangibles
$328Life insurance assets
$0All other assets
$0Total liabilities and capital
$19,760Total liabilities
$17,218Total deposits
$17,066Interest-bearing deposits
$14,607Deposits held in domestic offices
17066.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$152Total equity capital
$152Total bank equity capital
$2,542Perpetual preferred stock
$0Common stock
$50Surplus
$950Undivided profits
Memoranda
$1,542Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$12Income earned, not collected on loans
$190Earning assets
$18,355Long-term assets (5+ years)
$3,107Average Assets, year-to-date
$19,387Average Assets, quarterly
$19,678Volatile liabilities
$1,310Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$436Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,542Total risk weighted assets
$10,714Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$1,628Total interest expense
$740Net interest income
$888Provision for loan and lease losses
$6Total noninterest income
$82Fiduciary activities
$0Service charges on deposit accounts
$67Trading account gains & fees
$0Additional noninterest income
$15Total noninterest expense
$519Salaries and employee benefits
$271Premises and equipment expense
$59Additional noninterest expense
$189Pre-tax net operating income
$445Securities gains (losses)
$5Applicable income taxes
$148Income before extraordinary items
$302Extraordinary gains - net
$0Net income attributable to bank
$302Net charge-offs
$0Cash dividends
$200Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.98%Cost of funding earning assets
4.08%Net interest margin
4.90%Noninterest income to earning assets
0.45%Noninterest expense to earning assets
2.86%Net operating income to assets
1.54%Return on assets (ROA)
1.56%Pretax return on assets
2.32%Return on equity (ROE)
11.85%Retained earnings to average equity (YTD only)
4.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
53,505Assets per employee
2.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
66.23%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
816.67%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.14%Net loans and leases to deposits
49.68%Net loans and leases to core deposits
53.81%Equity capital to assets
12.86%Core capital (leverage) ratio
13.35%Tier 1 risk-based capital ratio
23.73%Total risk-based capital ratio
Memoranda
$25Average assets
$19,387Average earning assets
$2,549Average equity
$18,136Average loans

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