FDIC Certificate #: 5102 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Rolling Hills Bank & Trust (#15334) Federal Reserve ID: 106555 Date Established: January 01, 1917 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 11282 FDIC's unique #: 3411 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: April 04, 2009 Last Structure Change Process Date: May 20, 2009 Last Data Update: May 20, 2009 Data Source Date: April 05, 2012
Location
Address: Main Street, Brewster, MN 56119 County: Nobles Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux Falls Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Worthington, MN (#49380) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $21.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
7Total employees (full-time equivalent)
$21,565Total assets
$4,708Cash and due from depository institutions
$2,672Interest-bearing balances
$725Securities
$553Federal funds sold & reverse repurchase agreements
$13,556Net loans & leases
$183Loan loss allowance
$0Trading account assets
$377Bank premises and fixed assets
$0Other real estate owned
$1,219Goodwill and other intangibles
$0Life insurance assets
$427All other assets
$21,565Total liabilities and capital
$17,805Total liabilities
$17,388Total deposits
$12,720Interest-bearing deposits
$17,388Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$351Other borrowed funds
$0Subordinated debt
$66All other liabilities
$3,760Total equity capital
$3,760Total bank equity capital
$3,760Perpetual preferred stock
$0Common stock
$50Surplus
$3,609Undivided profits
Memoranda
$101Noncurrent loans and leases
$3,203Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$56Earning assets
$0Long-term assets (5+ years)
$155Average Assets, year-to-date
$17,506Average Assets, quarterly
$1,566Volatile liabilities
$21,768Insider loans
$21,275FHLB advances
$892Loans and leases held for sale
$40Unused loan commitments
$300Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,203Total unused commitments
$0Restructured Loans and leases
$183Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$1,004Total interest income
$307Total interest expense
$697Net interest income
$0Provision for loan and lease losses
$109Total noninterest income
$0Fiduciary activities
$75Service charges on deposit accounts
$0Trading account gains & fees
$34Additional noninterest income
$691Total noninterest expense
$373Salaries and employee benefits
$94Premises and equipment expense
$224Additional noninterest expense
$115Pre-tax net operating income
$2Securities gains (losses)
$25Applicable income taxes
$92Income before extraordinary items
$0Extraordinary gains - net
$92Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.52%Yield on earning assets
1.69%Cost of funding earning assets
3.83%Net interest margin
0.60%Noninterest income to earning assets
3.80%Noninterest expense to earning assets
0.42%Net operating income to assets
0.42%Return on assets (ROA)
0.54%Pretax return on assets
2.48%Return on equity (ROE)
2.48%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
115.00%Efficiency ratio
79,653Assets per employee
3.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
326.79%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.41%Net loans and leases to deposits
77.96%Net loans and leases to core deposits
82.18%Equity capital to assets
17.44%Core capital (leverage) ratio
12.61%Tier 1 risk-based capital ratio
17.06%Total risk-based capital ratio
Memoranda
$18Average assets
$21,768Average earning assets
$3,713Average equity
$18,176Average loans
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