FDIC Certificate #: 57076 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:S & C Bank (#14800) Federal Reserve ID: 2925899 Date Established: July 14, 2000 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 356915 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: July 14, 2000 Last Structure Change Effective Date: Febuary 01, 2002 Last Structure Change Process Date: Febuary 07, 2002 Last Data Update: Febuary 07, 2002 Data Source Date: April 05, 2012
Location
Address: 15785 Maple Lane, Almelund, MN 55002 County: Chisago Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Chicago FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial Summary
Total assets: $27.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
12Total employees (full-time equivalent)
$27,283Total assets
$1,232Cash and due from depository institutions
$50Interest-bearing balances
$9,721Securities
$2,695Federal funds sold & reverse repurchase agreements
$11,011Net loans & leases
$103Loan loss allowance
$0Trading account assets
$556Bank premises and fixed assets
$0Other real estate owned
$1,872Goodwill and other intangibles
$0Life insurance assets
$196All other assets
$27,283Total liabilities and capital
$23,070Total liabilities
$22,847Total deposits
$19,307Interest-bearing deposits
$22,847Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$223All other liabilities
$4,213Total equity capital
$4,213Total bank equity capital
$4,213Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,000Undivided profits
Memoranda
$2,213Noncurrent loans and leases
$311Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$17Earning assets
$0Long-term assets (5+ years)
$184Average Assets, year-to-date
$23,477Average Assets, quarterly
$1,557Volatile liabilities
$26,662Insider loans
$27,243FHLB advances
$1,563Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$311Total unused commitments
$0Restructured Loans and leases
$103Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$1,714Total interest income
$746Total interest expense
$968Net interest income
$16Provision for loan and lease losses
$226Total noninterest income
$0Fiduciary activities
$194Service charges on deposit accounts
$0Trading account gains & fees
$32Additional noninterest income
$1,077Total noninterest expense
$460Salaries and employee benefits
$100Premises and equipment expense
$517Additional noninterest expense
$101Pre-tax net operating income
$48Securities gains (losses)
$55Applicable income taxes
$94Income before extraordinary items
$0Extraordinary gains - net
$94Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$21Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.41%Yield on earning assets
3.23%Cost of funding earning assets
4.19%Net interest margin
0.98%Noninterest income to earning assets
4.66%Noninterest expense to earning assets
0.24%Net operating income to assets
0.35%Return on assets (ROA)
0.56%Pretax return on assets
2.24%Return on equity (ROE)
2.24%Retained earnings to average equity (YTD only)
0.21%Net charge-offs to loans
76.19%Credit loss provision to net charge-offs
5.57%Efficiency ratio
78,643Assets per employee
2.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.93%Loss allowance to noncurrent loans
605.88%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.15%Net loans and leases to deposits
48.19%Net loans and leases to core deposits
51.73%Equity capital to assets
15.44%Core capital (leverage) ratio
8.80%Tier 1 risk-based capital ratio
15.50%Total risk-based capital ratio
Memoranda
$16Average assets
$26,662Average earning assets
$4,196Average equity
$23,118Average loans
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