State Bank of Young America in Norwood Young America, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 02, 2005

  • State Bank of Young America in Norwood Young America, Minnesota (MN)
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State Bank of Young America - Overview

  • General
  • FDIC Certificate #: 19513
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: KleinBank (#1414)
    Federal Reserve ID: 221654
    Date Established: July 01, 1900
    WWW: http://www.kleinet.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 13962
    FDIC's unique #: 13313
    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: November 08, 1965
    Last Structure Change Effective Date: April 02, 2005
    Last Structure Change Process Date: April 25, 2005
    Last Data Update: April 25, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 800 Faxon Road, Norwood Young America, MN 55397
    County: Carver
    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): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • Financial Summary
  • Total assets: $108.8 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, 2004)

  • Dollar figures in thousands
  • 22Total employees (full-time equivalent)
  • $109,871Total assets
  • $2,963Cash and due from depository institutions
  • $995Interest-bearing balances
  • $18,821Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $83,966Net loans & leases
  • $1,146Loan loss allowance
  • $0Trading account assets
  • $1,133Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,988All other assets
  • $109,871Total liabilities and capital
  • $98,060Total liabilities
  • $81,750Total deposits
  • $73,499Interest-bearing deposits
  • $81,750Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,188Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,115Other borrowed funds
  • $0Subordinated debt
  • $2,007All other liabilities
  • $11,811Total equity capital
  • $11,811Total bank equity capital
  • $11,811Perpetual preferred stock
  • $0Common stock
  • $273Surplus
  • $8,227Undivided profits
  • Memoranda
  • $3,311Noncurrent loans and leases
  • $12,111Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,171Earning assets
  • $0Long-term assets (5+ years)
  • $601Average Assets, year-to-date
  • $103,782Average Assets, quarterly
  • $6,702Volatile liabilities
  • $110,980Insider loans
  • $113,199FHLB advances
  • $23,431Loans and leases held for sale
  • $47Unused loan commitments
  • $9,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $166Total risk weighted assets
  • $12,111Total unused commitments
  • $0Restructured Loans and leases
  • $1,031Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $6,435Total interest income
  • $1,803Total interest expense
  • $4,632Net interest income
  • $16Provision for loan and lease losses
  • $1,098Total noninterest income
  • $0Fiduciary activities
  • $556Service charges on deposit accounts
  • $0Trading account gains & fees
  • $542Additional noninterest income
  • $3,023Total noninterest expense
  • $1,714Salaries and employee benefits
  • $257Premises and equipment expense
  • $1,052Additional noninterest expense
  • $2,691Pre-tax net operating income
  • -$1Securities gains (losses)
  • $14Applicable income taxes
  • $2,676Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,676Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2Sale, conversion, retirement of capital stock, net
  • $1,632Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.06%Yield on earning assets
  • 1.70%Cost of funding earning assets
  • 4.36%Net interest margin
  • 1.03%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 2.41%Net operating income to assets
  • 2.41%Return on assets (ROA)
  • 2.42%Pretax return on assets
  • 23.22%Return on equity (ROE)
  • 9.06%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 800.00%Credit loss provision to net charge-offs
  • 1353.50%Efficiency ratio
  • 52,757Assets per employee
  • 4.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.99%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 97.87%Noncurrent assets plus other real estate owned to assets
  • 1.07%Noncurrent loans to loans
  • 1.38%Net loans and leases to deposits
  • 102.71%Net loans and leases to core deposits
  • 119.83%Equity capital to assets
  • 10.75%Core capital (leverage) ratio
  • 10.49%Tier 1 risk-based capital ratio
  • 14.35%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $110,980Average earning assets
  • $11,524Average equity
  • $106,223Average loans

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