The Martin County National Bank of Fairmont in Fairmont, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 25, 2003

  • The Martin County National Bank of Fairmont in Fairmont, Minnesota (MN)
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The Martin County National Bank of Fairmont - Overview

  • General
  • FDIC Certificate #: 5145
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Profinium Financial, Inc. (#1905)
    Federal Reserve ID: 939258
    Date Established: January 01, 1875
    WWW: http://www.mcnbank.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 3445
    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: October 25, 2003
    Last Structure Change Process Date: December 03, 2003
    Last Data Update: December 03, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 105 Lake Avenue, Fairmont, MN 56031
    County: Martin
    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
    Core Based Statistical Area (CBSA): Fairmont, MN (#21860)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $141.0 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, 2002)

  • Dollar figures in thousands
  • 41Total employees (full-time equivalent)
  • $147,882Total assets
  • $4,262Cash and due from depository institutions
  • $0Interest-bearing balances
  • $26,688Securities
  • $13,102Federal funds sold & reverse repurchase agreements
  • $95,139Net loans & leases
  • $1,627Loan loss allowance
  • $0Trading account assets
  • $2,231Bank premises and fixed assets
  • $56Other real estate owned
  • $3,681Goodwill and other intangibles
  • $0Life insurance assets
  • $2,723All other assets
  • $147,882Total liabilities and capital
  • $130,573Total liabilities
  • $122,049Total deposits
  • $107,053Interest-bearing deposits
  • $122,049Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,500Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,781Other borrowed funds
  • $0Subordinated debt
  • $1,243All other liabilities
  • $17,309Total equity capital
  • $17,309Total bank equity capital
  • $17,309Perpetual preferred stock
  • $0Common stock
  • $125Surplus
  • $14,513Undivided profits
  • Memoranda
  • $2,671Noncurrent loans and leases
  • $21,704Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,074Earning assets
  • $0Long-term assets (5+ years)
  • $1,067Average Assets, year-to-date
  • $134,929Average Assets, quarterly
  • $13,237Volatile liabilities
  • $143,305Insider loans
  • $145,233FHLB advances
  • $16,063Loans and leases held for sale
  • $919Unused loan commitments
  • $4,920Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $21,704Total unused commitments
  • $0Restructured Loans and leases
  • $1,393Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $8,618Total interest income
  • $3,169Total interest expense
  • $5,449Net interest income
  • $0Provision for loan and lease losses
  • $569Total noninterest income
  • $0Fiduciary activities
  • $374Service charges on deposit accounts
  • $0Trading account gains & fees
  • $195Additional noninterest income
  • $3,364Total noninterest expense
  • $2,102Salaries and employee benefits
  • $340Premises and equipment expense
  • $922Additional noninterest expense
  • $2,654Pre-tax net operating income
  • $0Securities gains (losses)
  • $918Applicable income taxes
  • $1,736Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,736Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $141Sale, conversion, retirement of capital stock, net
  • $1,440Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.60%Yield on earning assets
  • 2.43%Cost of funding earning assets
  • 4.17%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 2.58%Noninterest expense to earning assets
  • 1.21%Net operating income to assets
  • 1.21%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 9.98%Return on equity (ROE)
  • 1.70%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 18.82%Efficiency ratio
  • 55,899Assets per employee
  • 3.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 82.95%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 78.45%Noncurrent assets plus other real estate owned to assets
  • 1.44%Noncurrent loans to loans
  • 2.14%Net loans and leases to deposits
  • 77.95%Net loans and leases to core deposits
  • 87.81%Equity capital to assets
  • 11.70%Core capital (leverage) ratio
  • 9.20%Tier 1 risk-based capital ratio
  • 11.65%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $143,305Average earning assets
  • $17,402Average equity
  • $130,584Average loans

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