The Buffalo National Bank in Buffalo, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 13, 2001

  • The Buffalo National Bank in Buffalo, Minnesota (MN)
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The Buffalo National Bank - Overview

  • General
  • FDIC Certificate #: 5104
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank Minnesota, National Association (#5208)
    Federal Reserve ID: 307754
    Date Established: May 09, 1927
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 11807
    FDIC's unique #: 3412
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 13, 2001
    Last Structure Change Process Date: January 25, 2001
    Last Data Update: January 25, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 South First Avenue, Buffalo, MN 55313
    County: Wright
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: San Francisco
    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: $129.0 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, 2000)

  • Dollar figures in thousands
  • 46Total employees (full-time equivalent)
  • $129,045Total assets
  • $3,869Cash and due from depository institutions
  • $110Interest-bearing balances
  • $26,831Securities
  • $5,835Federal funds sold & reverse repurchase agreements
  • $77,517Net loans & leases
  • $1,071Loan loss allowance
  • $0Trading account assets
  • $1,570Bank premises and fixed assets
  • $27Other real estate owned
  • $11,695Goodwill and other intangibles
  • $0Life insurance assets
  • $1,701All other assets
  • $129,045Total liabilities and capital
  • $105,320Total liabilities
  • $99,607Total deposits
  • $83,683Interest-bearing deposits
  • $99,607Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $30Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,098Other borrowed funds
  • $0Subordinated debt
  • $1,585All other liabilities
  • $23,725Total equity capital
  • $23,725Total bank equity capital
  • $23,725Perpetual preferred stock
  • $0Common stock
  • $625Surplus
  • $22,593Undivided profits
  • Memoranda
  • $507Noncurrent loans and leases
  • $14,022Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $185Earning assets
  • $0Long-term assets (5+ years)
  • $492Average Assets, year-to-date
  • $110,293Average Assets, quarterly
  • $9,503Volatile liabilities
  • $116,424Insider loans
  • $128,237FHLB advances
  • $10,033Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $14,022Total unused commitments
  • $0Restructured Loans and leases
  • $910Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $2,264Total interest income
  • $1,027Total interest expense
  • $1,237Net interest income
  • $15Provision for loan and lease losses
  • $231Total noninterest income
  • $0Fiduciary activities
  • $155Service charges on deposit accounts
  • $0Trading account gains & fees
  • $76Additional noninterest income
  • $1,150Total noninterest expense
  • $583Salaries and employee benefits
  • $87Premises and equipment expense
  • $480Additional noninterest expense
  • $303Pre-tax net operating income
  • $0Securities gains (losses)
  • $25Applicable income taxes
  • $278Income before extraordinary items
  • $0Extraordinary gains - net
  • $278Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.17%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 1.19%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 1.10%Noninterest expense to earning assets
  • 0.24%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.26%Pretax return on assets
  • 1.61%Return on equity (ROE)
  • 1.61%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 64,373Assets per employee
  • 2.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.36%Loss allowance to noncurrent loans
  • 578.92%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 77.82%Net loans and leases to core deposits
  • 86.30%Equity capital to assets
  • 18.39%Core capital (leverage) ratio
  • 10.31%Tier 1 risk-based capital ratio
  • 16.25%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $116,424Average earning assets
  • $17,308Average equity
  • $104,322Average loans

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