FDIC Certificate #: 10974 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens Bank Minnesota (#8200) Federal Reserve ID: 29757 Date Established: July 24, 1906 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 7028 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: January 04, 1999 Last Structure Change Process Date: Febuary 26, 1999 Last Data Update: Febuary 26, 1999 Data Source Date: April 05, 2012
Location
Address: Main Street, La Salle, MN 56056 County: Watonwan Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Mankato Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
Financial Summary
Total assets: $31.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$30,988Total assets
$1,492Cash and due from depository institutions
$99Interest-bearing balances
$10,230Securities
$1,600Federal funds sold & reverse repurchase agreements
$16,881Net loans & leases
$670Loan loss allowance
$0Trading account assets
$118Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$667All other assets
$30,988Total liabilities and capital
$26,368Total liabilities
$25,879Total deposits
$23,577Interest-bearing deposits
$25,879Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$489All other liabilities
$4,620Total equity capital
$4,620Total bank equity capital
$4,620Perpetual preferred stock
$0Common stock
$50Surplus
$3,200Undivided profits
Memoranda
$1,370Noncurrent 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)
$335Average Assets, year-to-date
$28,810Average Assets, quarterly
$4,128Volatile liabilities
$29,850Insider loans
$30,435FHLB advances
$3,952Loans and leases held for sale
$485Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$970Total unused commitments
$0Restructured Loans and leases
$20,274Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$2,297Total interest income
$1,202Total interest expense
$1,095Net interest income
$309Provision for loan and lease losses
$25Total noninterest income
$0Fiduciary activities
$20Service charges on deposit accounts
$0Trading account gains & fees
$5Additional noninterest income
$607Total noninterest expense
$452Salaries and employee benefits
$48Premises and equipment expense
$107Additional noninterest expense
$204Pre-tax net operating income
$0Securities gains (losses)
$44Applicable income taxes
$160Income before extraordinary items
$0Extraordinary gains - net
$160Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$71Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.25%Yield on earning assets
4.32%Cost of funding earning assets
3.93%Net interest margin
0.09%Noninterest income to earning assets
2.18%Noninterest expense to earning assets
0.54%Net operating income to assets
0.54%Return on assets (ROA)
0.68%Pretax return on assets
3.45%Return on equity (ROE)
3.45%Retained earnings to average equity (YTD only)
-0.40%Net charge-offs to loans
-435.21%Credit loss provision to net charge-offs
0.00%Efficiency ratio
54,196Assets per employee
3.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.82%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
65.23%Net loans and leases to core deposits
76.99%Equity capital to assets
14.91%Core capital (leverage) ratio
15.19%Tier 1 risk-based capital ratio
22.70%Total risk-based capital ratio
Memoranda
$24Average assets
$29,850Average earning assets
$4,638Average equity
$27,846Average 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 State Bank of La Salle (Incorporated).
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: