FDIC Certificate #: 17522 Status: Inactive Closing history: Corrections Acquiring institution:Sentry Bank (#8546) Federal Reserve ID: 197357 Date Established: October 01, 1920 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 11502 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: November 28, 1935 Last Structure Change Effective Date: January 15, 2010 Last Structure Change Process Date: January 19, 2010 Last Data Update: January 19, 2010 Data Source Date: April 05, 2012
Location
Address: 2 Central Ave. So., Saint Stephen, MN 56375 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $22.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
11Total employees (full-time equivalent)
$22,895Total assets
$3,228Cash and due from depository institutions
$0Interest-bearing balances
$651Securities
$0Federal funds sold & reverse repurchase agreements
$17,284Net loans & leases
$2,525Loan loss allowance
$0Trading account assets
$330Bank premises and fixed assets
$420Other real estate owned
$0Goodwill and other intangibles
$462Life insurance assets
$982All other assets
$22,895Total liabilities and capital
$24,114Total liabilities
$23,912Total deposits
$20,285Interest-bearing deposits
$23,912Deposits held in domestic offices
98.91%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$202All other liabilities
$-1,219Total equity capital
$-1,219Total bank equity capital
$-1,219Perpetual preferred stock
$600Common stock
$100Surplus
$1,845Undivided profits
Memoranda
$-3,764Noncurrent loans and leases
$2,912Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,117Earning assets
$662Long-term assets (5+ years)
$69Average Assets, year-to-date
$17,935Average Assets, quarterly
$174Volatile liabilities
$27,140Insider loans
$23,819FHLB advances
$5,593Loans and leases held for sale
$380Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,912Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$1,421Total interest income
$547Total interest expense
$874Net interest income
$2,493Provision for loan and lease losses
$299Total noninterest income
$0Fiduciary activities
$88Service charges on deposit accounts
$0Trading account gains & fees
$211Additional noninterest income
$1,879Total noninterest expense
$909Salaries and employee benefits
$316Premises and equipment expense
$654Additional noninterest expense
-$3,199Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
-$3,201Income before extraordinary items
$0Extraordinary gains - net
-$3,201Net income attributable to bank
$0Net charge-offs
-$3,201Cash dividends
$626Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.88%Yield on earning assets
2.27%Cost of funding earning assets
3.62%Net interest margin
1.24%Noninterest income to earning assets
7.78%Noninterest expense to earning assets
-11.79%Net operating income to assets
-11.79%Return on assets (ROA)
-11.79%Pretax return on assets
-438.49%Return on equity (ROE)
-438.49%Retained earnings to average equity (YTD only)
2.78%Net charge-offs to loans
398.24%Credit loss provision to net charge-offs
-1.13%Efficiency ratio
160,188Assets per employee
2.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
12.75%Loss allowance to noncurrent loans
81.01%Noncurrent assets plus other real estate owned to assets
15.45%Noncurrent loans to loans
15.74%Net loans and leases to deposits
72.28%Net loans and leases to core deposits
94.35%Equity capital to assets
-5.32%Core capital (leverage) ratio
-4.98%Tier 1 risk-based capital ratio
-6.61%Total risk-based capital ratio
Memoranda
-$7Average assets
$27,140Average earning assets
$730Average equity
$24,150Average loans
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