The First National Bank of Elmore in Elmore, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1996

The First National Bank of Elmore in Elmore, Minnesota (MN)
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The First National Bank of Elmore - Overview

General
FDIC Certificate #: 5137
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Pioneer Bank (#5193)
Federal Reserve ID: 11855
Date Established: May 23, 1888
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 #: 11253
FDIC's unique #: 3438
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: July 01, 1996
Last Structure Change Process Date: July 26, 1996
Last Data Update: July 26, 1996
Data Source Date: April 05, 2012
Location
Address: Main Street, Elmore, MN 56027
County: Faribault
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Mankato
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $27.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$8Total assets
$26,068Cash and due from depository institutions
$1,075Interest-bearing balances
$0Securities
$7,979Federal funds sold & reverse repurchase agreements
$1,700Net loans & leases
$14,320Loan loss allowance
$200Trading account assets
$0Bank premises and fixed assets
$407Other real estate owned
$78Goodwill and other intangibles
$509Life insurance assets
$0All other assets
$0Total liabilities and capital
$26,068Total liabilities
$23,737Total deposits
$21,347Interest-bearing deposits
$19,140Deposits held in domestic offices
21347.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$1,076Trading liabilities
$0Other borrowed funds
$500Subordinated debt
$0All other liabilities
$814Total equity capital
$814Total bank equity capital
$2,331Perpetual preferred stock
$0Common stock
$150Surplus
$810Undivided profits
Memoranda
$1,371Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$59Income earned, not collected on loans
$372Earning assets
$23,999Long-term assets (5+ years)
$471Average Assets, year-to-date
$25,317Average Assets, quarterly
$25,568Volatile liabilities
$3,282Insider loans
$239FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,172Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,291Total risk weighted assets
$16,773Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$2,091Total interest expense
$1,026Net interest income
$1,065Provision for loan and lease losses
-$200Total noninterest income
$80Fiduciary activities
$0Service charges on deposit accounts
$28Trading account gains & fees
$0Additional noninterest income
$52Total noninterest expense
$740Salaries and employee benefits
$396Premises and equipment expense
$46Additional noninterest expense
$298Pre-tax net operating income
$597Securities gains (losses)
$4Applicable income taxes
$240Income before extraordinary items
$361Extraordinary gains - net
$0Net income attributable to bank
$361Net charge-offs
-$40Cash dividends
$140Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.90%Cost of funding earning assets
4.37%Net interest margin
4.53%Noninterest income to earning assets
0.34%Noninterest expense to earning assets
3.15%Net operating income to assets
1.42%Return on assets (ROA)
1.43%Pretax return on assets
2.37%Return on equity (ROE)
16.87%Retained earnings to average equity (YTD only)
10.33%Net charge-offs to loans
-0.26%Credit loss provision to net charge-offs
500.00%Efficiency ratio
64,629Assets per employee
3.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.78%Loss allowance to loans
1.38%Loss allowance to noncurrent loans
338.98%Noncurrent assets plus other real estate owned to assets
0.53%Noncurrent loans to loans
0.41%Net loans and leases to deposits
67.08%Net loans and leases to core deposits
72.91%Equity capital to assets
8.94%Core capital (leverage) ratio
8.83%Tier 1 risk-based capital ratio
13.66%Total risk-based capital ratio
Memoranda
$15Average assets
$25,317Average earning assets
$2,140Average equity
$23,500Average loans

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