Tri-County State Bank of Ortonville in Ortonville, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1994

Tri-County State Bank of Ortonville in Ortonville, Minnesota (MN)
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Tri-County State Bank of Ortonville - Overview

General
FDIC Certificate #: 17674
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: CenBank (#8848)
Federal Reserve ID: 725255
Date Established: January 31, 1955
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 11639
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: October 01, 1956
Last Structure Change Effective Date: October 01, 1994
Last Structure Change Process Date: December 05, 1994
Last Data Update: December 05, 1994
Data Source Date: April 05, 2012
Location
Address: 113 N.W. First Street, Ortonville, MN 56278
County: Big Stone
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $14.7 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$8Total assets
$13,531Cash and due from depository institutions
$655Interest-bearing balances
$0Securities
$2,514Federal funds sold & reverse repurchase agreements
$70Net loans & leases
$9,532Loan loss allowance
$122Trading account assets
$0Bank premises and fixed assets
$441Other real estate owned
$136Goodwill and other intangibles
$183Life insurance assets
$0All other assets
$0Total liabilities and capital
$13,531Total liabilities
$12,613Total deposits
$12,542Interest-bearing deposits
$11,240Deposits held in domestic offices
12542.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$71Total equity capital
$71Total bank equity capital
$918Perpetual preferred stock
$0Common stock
$131Surplus
$600Undivided profits
Memoranda
$187Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3Income earned, not collected on loans
$123Earning assets
$12,116Long-term assets (5+ years)
$1,673Average Assets, year-to-date
$13,954Average Assets, quarterly
$13,488Volatile liabilities
$0Insider loans
$34FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$130Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$917Total risk weighted assets
$9,804Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$833Total interest expense
$458Net interest income
$375Provision for loan and lease losses
$0Total noninterest income
$72Fiduciary activities
$0Service charges on deposit accounts
$45Trading account gains & fees
$0Additional noninterest income
$27Total noninterest expense
$555Salaries and employee benefits
$179Premises and equipment expense
$65Additional noninterest expense
$311Pre-tax net operating income
-$108Securities gains (losses)
$77Applicable income taxes
$1Income before extraordinary items
-$32Extraordinary gains - net
$25Net income attributable to bank
-$7Net charge-offs
-$4Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.70%Cost of funding earning assets
3.69%Net interest margin
3.02%Noninterest income to earning assets
0.58%Noninterest expense to earning assets
4.47%Net operating income to assets
-0.78%Return on assets (ROA)
-0.05%Pretax return on assets
-0.04%Return on equity (ROE)
-0.79%Retained earnings to average equity (YTD only)
-0.79%Net charge-offs to loans
-0.05%Credit loss provision to net charge-offs
0.00%Efficiency ratio
124,161Assets per employee
1.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
4066.67%Noncurrent assets plus other real estate owned to assets
1.03%Noncurrent loans to loans
0.03%Net loans and leases to deposits
76.00%Net loans and leases to core deposits
76.00%Equity capital to assets
6.78%Core capital (leverage) ratio
6.86%Tier 1 risk-based capital ratio
9.35%Total risk-based capital ratio
Memoranda
$11Average assets
$13,954Average earning assets
$890Average equity
$12,424Average loans

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