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

This bank is inactive as of January 05, 1995

State Bank of Wendell in Wendell, Minnesota (MN)
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State Bank of Wendell - Overview

General
FDIC Certificate #: 17116
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Eagle Bank (#8824)
Federal Reserve ID: 193153
Date Established: July 30, 1945
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 11159
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: June 09, 1952
Last Structure Change Effective Date: January 05, 1995
Last Structure Change Process Date: Febuary 23, 1995
Last Data Update: Febuary 23, 1995
Data Source Date: April 05, 2012
Location
Address: Main Street, Wendell, MN 56590
County: Grant
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: $12.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$12,333Cash and due from depository institutions
$949Interest-bearing balances
$195Securities
$3,564Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$7,404Loan loss allowance
$235Trading account assets
$0Bank premises and fixed assets
$86Other real estate owned
$0Goodwill and other intangibles
$330Life insurance assets
$0All other assets
$0Total liabilities and capital
$12,333Total liabilities
$10,939Total deposits
$10,561Interest-bearing deposits
$9,294Deposits held in domestic offices
10561.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$308Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$70Total equity capital
$70Total bank equity capital
$1,394Perpetual preferred stock
$0Common stock
$125Surplus
$1,250Undivided profits
Memoranda
$18Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$369Income earned, not collected on loans
$266Earning assets
$11,163Long-term assets (5+ years)
$595Average Assets, year-to-date
$13,089Average Assets, quarterly
$12,720Volatile liabilities
$608Insider loans
$197FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$963Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,603Total risk weighted assets
$8,827Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$971Total interest expense
$421Net interest income
$550Provision for loan and lease losses
$110Total noninterest income
$34Fiduciary activities
$0Service charges on deposit accounts
$16Trading account gains & fees
$0Additional noninterest income
$18Total noninterest expense
$400Salaries and employee benefits
$206Premises and equipment expense
$52Additional noninterest expense
$142Pre-tax net operating income
$74Securities gains (losses)
$0Applicable income taxes
$23Income before extraordinary items
$51Extraordinary gains - net
$0Net income attributable to bank
$51Net charge-offs
$115Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.11%Cost of funding earning assets
3.51%Net interest margin
4.59%Noninterest income to earning assets
0.28%Noninterest expense to earning assets
3.34%Net operating income to assets
0.39%Return on assets (ROA)
0.39%Pretax return on assets
0.57%Return on equity (ROE)
3.42%Retained earnings to average equity (YTD only)
3.42%Net charge-offs to loans
1.41%Credit loss provision to net charge-offs
95.65%Efficiency ratio
68,493Assets per employee
2.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.08%Loss allowance to noncurrent loans
63.69%Noncurrent assets plus other real estate owned to assets
2.99%Noncurrent loans to loans
4.83%Net loans and leases to deposits
70.11%Net loans and leases to core deposits
72.16%Equity capital to assets
11.30%Core capital (leverage) ratio
12.56%Tier 1 risk-based capital ratio
18.16%Total risk-based capital ratio
Memoranda
$19Average assets
$13,089Average earning assets
$1,489Average equity
$11,978Average loans

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