State Bank of Redwood in Redwood Falls, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 02, 1993

State Bank of Redwood in Redwood Falls, Minnesota (MN)
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State Bank of Redwood - Overview

General
FDIC Certificate #: 9352
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Minnesota Valley Bank (#9342)
Federal Reserve ID: 711557
Date Established: January 01, 1914
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 6003
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: June 02, 1993
Last Structure Change Process Date: June 17, 1993
Last Data Update: June 17, 1993
Data Source Date: April 05, 2012
Location
Address: 1275 East Bridge Street, Redwood Falls, MN 56283
County: Redwood
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: $14.6 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$15,540Cash and due from depository institutions
$1,093Interest-bearing balances
$0Securities
$5,142Federal funds sold & reverse repurchase agreements
$1,550Net loans & leases
$6,927Loan loss allowance
$103Trading account assets
$0Bank premises and fixed assets
$403Other real estate owned
$223Goodwill and other intangibles
$202Life insurance assets
$0All other assets
$0Total liabilities and capital
$15,540Total liabilities
$14,634Total deposits
$14,494Interest-bearing deposits
$11,352Deposits held in domestic offices
14494.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$140Total equity capital
$140Total bank equity capital
$906Perpetual preferred stock
$150Common stock
$74Surplus
$566Undivided profits
Memoranda
$116Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$199Income earned, not collected on loans
$106Earning assets
$13,619Long-term assets (5+ years)
$1,673Average Assets, year-to-date
$15,393Average Assets, quarterly
$15,399Volatile liabilities
$706Insider loans
$65FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$516Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$906Total risk weighted assets
$7,564Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$1,179Total interest expense
$527Net interest income
$652Provision for loan and lease losses
$62Total noninterest income
$153Fiduciary activities
$0Service charges on deposit accounts
$118Trading account gains & fees
$0Additional noninterest income
$35Total noninterest expense
$563Salaries and employee benefits
$254Premises and equipment expense
$39Additional noninterest expense
$270Pre-tax net operating income
$180Securities gains (losses)
$0Applicable income taxes
$57Income before extraordinary items
$123Extraordinary gains - net
$0Net income attributable to bank
$123Net charge-offs
$121Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.60%Cost of funding earning assets
3.84%Net interest margin
4.75%Noninterest income to earning assets
1.12%Noninterest expense to earning assets
4.10%Net operating income to assets
0.80%Return on assets (ROA)
0.80%Pretax return on assets
1.17%Return on equity (ROE)
14.70%Retained earnings to average equity (YTD only)
14.70%Net charge-offs to loans
1.61%Credit loss provision to net charge-offs
51.24%Efficiency ratio
69,938Assets per employee
1.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.47%Loss allowance to noncurrent loans
51.76%Noncurrent assets plus other real estate owned to assets
2.72%Noncurrent loans to loans
2.83%Net loans and leases to deposits
47.79%Net loans and leases to core deposits
50.24%Equity capital to assets
5.83%Core capital (leverage) ratio
5.89%Tier 1 risk-based capital ratio
11.98%Total risk-based capital ratio
Memoranda
$13Average assets
$15,393Average earning assets
$837Average equity
$13,716Average loans

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