FDIC Certificate #: 16764 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank of Menahga & Sebeka (#5197) Federal Reserve ID: 892353 Date Established: January 01, 1930 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 16028 FDIC's unique #: 10877 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 27, 1949 Last Structure Change Effective Date: March 18, 2006 Last Structure Change Process Date: March 30, 2006 Last Data Update: March 30, 2006 Data Source Date: April 05, 2012
Location
Address: Main Street, Sebeka, MN 56477 County: Wadena Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
Financial Summary
Total assets: $24.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$24,487Total assets
$1,387Cash and due from depository institutions
$396Interest-bearing balances
$8,730Securities
$818Federal funds sold & reverse repurchase agreements
$11,450Net loans & leases
$312Loan loss allowance
$0Trading account assets
$430Bank premises and fixed assets
$0Other real estate owned
$1,437Goodwill and other intangibles
$0Life insurance assets
$235All other assets
$24,487Total liabilities and capital
$20,812Total liabilities
$20,768Total deposits
$17,235Interest-bearing deposits
$20,768Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$44All other liabilities
$3,675Total equity capital
$3,675Total bank equity capital
$3,675Perpetual preferred stock
$0Common stock
$60Surplus
$3,620Undivided profits
Memoranda
$-5Noncurrent loans and leases
$565Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$239Earning assets
$0Long-term assets (5+ years)
$165Average Assets, year-to-date
$21,394Average Assets, quarterly
$3,639Volatile liabilities
$24,309Insider loans
$24,860FHLB advances
$873Loans and leases held for sale
$15Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$565Total unused commitments
$0Restructured Loans and leases
$161Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$554Total interest income
$163Total interest expense
$391Net interest income
$18Provision for loan and lease losses
$51Total noninterest income
$0Fiduciary activities
$19Service charges on deposit accounts
$0Trading account gains & fees
$32Additional noninterest income
$335Total noninterest expense
$162Salaries and employee benefits
$52Premises and equipment expense
$121Additional noninterest expense
$89Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$89Income before extraordinary items
$0Extraordinary gains - net
$89Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$43Sale, conversion, retirement of capital stock, net
$8Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.53%Yield on earning assets
0.74%Cost of funding earning assets
1.79%Net interest margin
0.23%Noninterest income to earning assets
1.53%Noninterest expense to earning assets
0.37%Net operating income to assets
0.37%Return on assets (ROA)
0.37%Pretax return on assets
3.12%Return on equity (ROE)
2.84%Retained earnings to average equity (YTD only)
-0.34%Net charge-offs to loans
-41.86%Credit loss provision to net charge-offs
0.00%Efficiency ratio
67,873Assets per employee
2.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.99%Loss allowance to loans
2.65%Loss allowance to noncurrent loans
130.54%Noncurrent assets plus other real estate owned to assets
0.98%Noncurrent loans to loans
2.03%Net loans and leases to deposits
55.13%Net loans and leases to core deposits
57.55%Equity capital to assets
15.01%Core capital (leverage) ratio
9.56%Tier 1 risk-based capital ratio
18.22%Total risk-based capital ratio
Memoranda
$19Average assets
$24,309Average earning assets
$2,849Average equity
$21,884Average loans
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