FDIC Certificate #: 9731 Status: Inactive Closing history: Consolidated - Without Assistance Acquiring institution:BREMER BANK, NATIONAL ASSOCIATION (#15293) Federal Reserve ID: 288554 Date Established: March 10, 1908 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 6222 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: September 30, 1999 Last Structure Change Process Date: October 13, 1999 Last Data Update: October 13, 1999 Data Source Date: April 05, 2012
Location
Address: Main Street, Edgerton, MN 56128 County: Pipestone Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux Falls Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
Financial Summary
Total assets: $38.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
12Total employees (full-time equivalent)
$39,176Total assets
$1,123Cash and due from depository institutions
$0Interest-bearing balances
$9,424Securities
$3,825Federal funds sold & reverse repurchase agreements
$22,942Net loans & leases
$407Loan loss allowance
$0Trading account assets
$117Bank premises and fixed assets
$13Other real estate owned
$986Goodwill and other intangibles
$0Life insurance assets
$746All other assets
$39,176Total liabilities and capital
$35,349Total liabilities
$34,996Total deposits
$30,258Interest-bearing deposits
$34,996Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$353All other liabilities
$3,827Total equity capital
$3,827Total bank equity capital
$3,827Perpetual preferred stock
$0Common stock
$150Surplus
$3,200Undivided profits
Memoranda
$477Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$620Average Assets, year-to-date
$36,191Average Assets, quarterly
$2,341Volatile liabilities
$36,062Insider loans
$38,208FHLB advances
$3,193Loans and leases held for sale
$20Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,479Total unused commitments
$0Restructured Loans and leases
$26,339Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$2,864Total interest income
$1,343Total interest expense
$1,521Net interest income
$120Provision for loan and lease losses
$82Total noninterest income
$0Fiduciary activities
$59Service charges on deposit accounts
$0Trading account gains & fees
$23Additional noninterest income
$771Total noninterest expense
$467Salaries and employee benefits
$77Premises and equipment expense
$227Additional noninterest expense
$712Pre-tax net operating income
$0Securities gains (losses)
$274Applicable income taxes
$438Income before extraordinary items
$0Extraordinary gains - net
$438Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$59Sale, conversion, retirement of capital stock, net
$300Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.62%Yield on earning assets
4.04%Cost of funding earning assets
4.58%Net interest margin
0.25%Noninterest income to earning assets
2.32%Noninterest expense to earning assets
1.21%Net operating income to assets
1.21%Return on assets (ROA)
1.97%Pretax return on assets
11.37%Return on equity (ROE)
3.58%Retained earnings to average equity (YTD only)
0.25%Net charge-offs to loans
203.39%Credit loss provision to net charge-offs
14.10%Efficiency ratio
44,978Assets per employee
3.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
68.49%Loss allowance to loans
1.74%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.00%Net loans and leases to deposits
65.56%Net loans and leases to core deposits
72.14%Equity capital to assets
9.77%Core capital (leverage) ratio
7.52%Tier 1 risk-based capital ratio
10.78%Total risk-based capital ratio
Memoranda
$12Average assets
$36,062Average earning assets
$3,851Average equity
$33,229Average loans
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