FDIC Certificate #: 5122 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Northview Bank (#10956) Federal Reserve ID: 121857 Date Established: May 14, 1908 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 #: 15517 FDIC's unique #: 3426 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: December 03, 2006 Last Structure Change Process Date: December 19, 2006 Last Data Update: December 19, 2006 Data Source Date: April 05, 2012
Location
Address: 216 4th Street Se, Deer River, MN 56636 County: Itasca Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Grand Forks Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
Financial Summary
Total assets: $15.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
12Total employees (full-time equivalent)
$14,056Total assets
$2,759Cash and due from depository institutions
$1,783Interest-bearing balances
$1,872Securities
$245Federal funds sold & reverse repurchase agreements
$8,980Net loans & leases
$261Loan loss allowance
$0Trading account assets
$28Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$172All other assets
$14,056Total liabilities and capital
$11,712Total liabilities
$11,642Total deposits
$8,330Interest-bearing deposits
$11,642Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$70All other liabilities
$2,344Total equity capital
$2,344Total bank equity capital
$2,344Perpetual preferred stock
$0Common stock
$100Surplus
$113Undivided profits
Memoranda
$2,131Noncurrent loans and leases
$419Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$48Earning assets
$0Long-term assets (5+ years)
$46Average Assets, year-to-date
$12,880Average Assets, quarterly
$2,024Volatile liabilities
$15,133Insider loans
$14,363FHLB advances
$221Loans and leases held for sale
$640Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$419Total unused commitments
$0Restructured Loans and leases
$106Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$824Total interest income
$130Total interest expense
$694Net interest income
$0Provision for loan and lease losses
$132Total noninterest income
$0Fiduciary activities
$79Service charges on deposit accounts
$0Trading account gains & fees
$53Additional noninterest income
$756Total noninterest expense
$468Salaries and employee benefits
$65Premises and equipment expense
$223Additional noninterest expense
$70Pre-tax net operating income
$0Securities gains (losses)
$19Applicable income taxes
$51Income before extraordinary items
$0Extraordinary gains - net
$51Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$5Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.98%Yield on earning assets
0.94%Cost of funding earning assets
5.04%Net interest margin
0.96%Noninterest income to earning assets
5.49%Noninterest expense to earning assets
0.34%Net operating income to assets
0.34%Return on assets (ROA)
0.46%Pretax return on assets
2.20%Return on equity (ROE)
2.20%Retained earnings to average equity (YTD only)
-0.05%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
91,525Assets per employee
1.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.82%Loss allowance to noncurrent loans
543.75%Noncurrent assets plus other real estate owned to assets
0.34%Noncurrent loans to loans
0.52%Net loans and leases to deposits
77.13%Net loans and leases to core deposits
78.63%Equity capital to assets
16.68%Core capital (leverage) ratio
15.65%Tier 1 risk-based capital ratio
28.37%Total risk-based capital ratio
Memoranda
$30Average assets
$15,133Average earning assets
$2,321Average equity
$13,770Average loans
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