FDIC Certificate #: 10209 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Frandsen Bank & Trust (#1399) Federal Reserve ID: 974259 Date Established: May 03, 1903 WWW:http://www.foleybank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 6548 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 04, 2006 Last Structure Change Process Date: March 16, 2006 Last Data Update: March 16, 2006 Data Source Date: April 05, 2012
Location
Address: 341 Fourth Avenue, Foley, MN 56329 County: Benton 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: $72.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
21Total employees (full-time equivalent)
$72,832Total assets
$3,487Cash and due from depository institutions
$0Interest-bearing balances
$10,166Securities
$700Federal funds sold & reverse repurchase agreements
$56,120Net loans & leases
$579Loan loss allowance
$0Trading account assets
$609Bank premises and fixed assets
$0Other real estate owned
$165Goodwill and other intangibles
$0Life insurance assets
$1,585All other assets
$72,832Total liabilities and capital
$65,739Total liabilities
$65,442Total deposits
$54,248Interest-bearing deposits
$65,442Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$297All other liabilities
$7,093Total equity capital
$7,093Total bank equity capital
$7,093Perpetual preferred stock
$0Common stock
$100Surplus
$5,245Undivided profits
Memoranda
$1,748Noncurrent loans and leases
$8,234Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$423Earning assets
$0Long-term assets (5+ years)
$417Average Assets, year-to-date
$66,986Average Assets, quarterly
$1,309Volatile liabilities
$71,090Insider loans
$72,634FHLB advances
$5,426Loans and leases held for sale
$190Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,234Total unused commitments
$0Restructured Loans and leases
$579Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$4,417Total interest income
$1,024Total interest expense
$3,393Net interest income
$121Provision for loan and lease losses
$462Total noninterest income
$0Fiduciary activities
$289Service charges on deposit accounts
$0Trading account gains & fees
$173Additional noninterest income
$1,866Total noninterest expense
$1,085Salaries and employee benefits
$177Premises and equipment expense
$604Additional noninterest expense
$1,868Pre-tax net operating income
$0Securities gains (losses)
$86Applicable income taxes
$1,782Income before extraordinary items
$0Extraordinary gains - net
$1,782Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$35Sale, conversion, retirement of capital stock, net
$1,062Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.71%Yield on earning assets
1.55%Cost of funding earning assets
5.15%Net interest margin
0.70%Noninterest income to earning assets
2.83%Noninterest expense to earning assets
2.51%Net operating income to assets
2.51%Return on assets (ROA)
2.63%Pretax return on assets
27.47%Return on equity (ROE)
11.10%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
345.71%Credit loss provision to net charge-offs
56.83%Efficiency ratio
48,405Assets per employee
3.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
59.60%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
136.88%Noncurrent assets plus other real estate owned to assets
0.58%Noncurrent loans to loans
0.75%Net loans and leases to deposits
85.76%Net loans and leases to core deposits
93.51%Equity capital to assets
9.74%Core capital (leverage) ratio
9.48%Tier 1 risk-based capital ratio
11.90%Total risk-based capital ratio
Memoranda
$13Average assets
$71,090Average earning assets
$6,486Average equity
$65,872Average 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 - Foley.
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: