FDIC Certificate #: 8206 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community Bank of the Red River Valley (#19180) Federal Reserve ID: 359351 Date Established: March 01, 1881 WWW:http://www.ada-bank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 5230 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: July 01, 2005 Last Structure Change Process Date: July 13, 2005 Last Data Update: July 13, 2005 Data Source Date: April 05, 2012
Location
Address: 410 Second Street West, Ada, MN 56510 County: Norman Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Grand Forks Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
Financial Summary
Total assets: $35.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
10Total employees (full-time equivalent)
$38,560Total assets
$2,166Cash and due from depository institutions
$0Interest-bearing balances
$6,251Securities
$2,650Federal funds sold & reverse repurchase agreements
$25,852Net loans & leases
$334Loan loss allowance
$0Trading account assets
$245Bank premises and fixed assets
$0Other real estate owned
$221Goodwill and other intangibles
$0Life insurance assets
$1,175All other assets
$38,560Total liabilities and capital
$35,134Total liabilities
$33,828Total deposits
$24,766Interest-bearing deposits
$33,828Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,071Other borrowed funds
$0Subordinated debt
$235All other liabilities
$3,426Total equity capital
$3,426Total bank equity capital
$3,426Perpetual preferred stock
$0Common stock
$100Surplus
$2,713Undivided profits
Memoranda
$613Noncurrent loans and leases
$11,345Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$22Earning assets
$0Long-term assets (5+ years)
$492Average Assets, year-to-date
$34,753Average Assets, quarterly
$4,282Volatile liabilities
$36,439Insider loans
$37,174FHLB advances
$3,498Loans and leases held for sale
$0Unused loan commitments
$1,071Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,345Total unused commitments
$0Restructured Loans and leases
$334Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$1,916Total interest income
$308Total interest expense
$1,608Net interest income
$2Provision for loan and lease losses
$206Total noninterest income
$0Fiduciary activities
$141Service charges on deposit accounts
$0Trading account gains & fees
$65Additional noninterest income
$911Total noninterest expense
$526Salaries and employee benefits
$84Premises and equipment expense
$301Additional noninterest expense
$901Pre-tax net operating income
$0Securities gains (losses)
$337Applicable income taxes
$564Income before extraordinary items
$0Extraordinary gains - net
$564Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4Sale, conversion, retirement of capital stock, net
$468Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.76%Yield on earning assets
0.93%Cost of funding earning assets
4.83%Net interest margin
0.62%Noninterest income to earning assets
2.74%Noninterest expense to earning assets
1.55%Net operating income to assets
1.55%Return on assets (ROA)
2.47%Pretax return on assets
17.37%Return on equity (ROE)
2.96%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
50.00%Credit loss provision to net charge-offs
225.75%Efficiency ratio
50,221Assets per employee
3.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
82.98%Loss allowance to loans
1.28%Loss allowance to noncurrent loans
1518.18%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.08%Net loans and leases to deposits
76.42%Net loans and leases to core deposits
85.24%Equity capital to assets
8.88%Core capital (leverage) ratio
8.71%Tier 1 risk-based capital ratio
10.99%Total risk-based capital ratio
Memoranda
$12Average assets
$36,439Average earning assets
$3,246Average equity
$33,271Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Rural American Bank - Ada.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: