FDIC Certificate #: 33203 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:ING Bank, fsb (#35489) Federal Reserve ID: 1872192 Date Established: October 05, 1990 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8927 FDIC's unique #: 46443 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: October 05, 1990 Last Structure Change Effective Date: September 14, 2000 Last Structure Change Process Date: November 14, 2000 Last Data Update: November 14, 2000 Data Source Date: April 05, 2012
Location
Address: 1113 West St. Germain, St. Cloud, MN 56301 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: $156.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
41Total employees (full-time equivalent)
$118,673Total assets
$2,584Cash and due from depository institutions
$1,403Interest-bearing balances
$40,237Securities
$0Federal funds sold & reverse repurchase agreements
$68,942Net loans & leases
$321Loan loss allowance
$0Trading account assets
$942Bank premises and fixed assets
$0Other real estate owned
$3,362Goodwill and other intangibles
$0Life insurance assets
$2,606All other assets
$118,673Total liabilities and capital
$105,709Total liabilities
$66,622Total deposits
$66,622Interest-bearing deposits
$66,622Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$38,190Other borrowed funds
$0Subordinated debt
$897All other liabilities
$12,964Total equity capital
$12,964Total bank equity capital
$12,964Perpetual preferred stock
$0Common stock
$1,365Surplus
$10,766Undivided profits
Memoranda
$833Noncurrent loans and leases
$16,628Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$264Earning assets
$0Long-term assets (5+ years)
$313Average Assets, year-to-date
$110,582Average Assets, quarterly
$0Volatile liabilities
$84,196Insider loans
$105,452FHLB advances
$51,190Loans and leases held for sale
$712Unused loan commitments
$38,190Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,628Total unused commitments
$0Restructured Loans and leases
$321Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$5,206Total interest income
$2,836Total interest expense
$2,370Net interest income
$93Provision for loan and lease losses
$578Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$578Additional noninterest income
$3,552Total noninterest expense
$1,664Salaries and employee benefits
$451Premises and equipment expense
$1,437Additional noninterest expense
-$697Pre-tax net operating income
$302Securities gains (losses)
-$48Applicable income taxes
-$347Income before extraordinary items
$0Extraordinary gains - net
-$347Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.71%Yield on earning assets
3.65%Cost of funding earning assets
3.05%Net interest margin
0.74%Noninterest income to earning assets
4.58%Noninterest expense to earning assets
-0.73%Net operating income to assets
-0.41%Return on assets (ROA)
-0.47%Pretax return on assets
-2.62%Return on equity (ROE)
-2.62%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
106,649Assets per employee
2.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.46%Loss allowance to noncurrent loans
121.59%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.38%Net loans and leases to deposits
103.48%Net loans and leases to core deposits
128.57%Equity capital to assets
10.92%Core capital (leverage) ratio
8.60%Tier 1 risk-based capital ratio
16.06%Total risk-based capital ratio
Memoranda
$17Average assets
$84,196Average earning assets
$13,233Average equity
$77,608Average loans
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