United Southwest Bank in Vesta, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1997

United Southwest Bank in Vesta, Minnesota (MN)
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United Southwest Bank - Overview

General
FDIC Certificate #: 16313
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: United Southwest Bank (#10208)
Federal Reserve ID: 897059
Date Established: October 01, 1945
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 10500
Numeric code: 21
Regulator: FDIC
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, 1945
Last Structure Change Effective Date: January 01, 1997
Last Structure Change Process Date: Febuary 04, 1997
Last Data Update: Febuary 04, 1997
Data Source Date: April 05, 2012
Location
Address: Main Street, Vesta, MN 56292
County: Redwood
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: $13.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$13,022Cash and due from depository institutions
$1,430Interest-bearing balances
$0Securities
$2,355Federal funds sold & reverse repurchase agreements
$205Net loans & leases
$8,426Loan loss allowance
$40Trading account assets
$0Bank premises and fixed assets
$209Other real estate owned
$14Goodwill and other intangibles
$383Life insurance assets
$0All other assets
$0Total liabilities and capital
$13,022Total liabilities
$12,277Total deposits
$12,093Interest-bearing deposits
$9,119Deposits held in domestic offices
12093.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$184Total equity capital
$184Total bank equity capital
$745Perpetual preferred stock
$0Common stock
$25Surplus
$475Undivided profits
Memoranda
$245Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$215Income earned, not collected on loans
$144Earning assets
$10,986Long-term assets (5+ years)
$1,313Average Assets, year-to-date
$12,692Average Assets, quarterly
$12,600Volatile liabilities
$512Insider loans
$172FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$958Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$740Total risk weighted assets
$8,675Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$950Total interest expense
$452Net interest income
$498Provision for loan and lease losses
$0Total noninterest income
$112Fiduciary activities
$0Service charges on deposit accounts
$41Trading account gains & fees
$0Additional noninterest income
$71Total noninterest expense
$540Salaries and employee benefits
$257Premises and equipment expense
$76Additional noninterest expense
$207Pre-tax net operating income
$70Securities gains (losses)
$0Applicable income taxes
$0Income before extraordinary items
$70Extraordinary gains - net
$0Net income attributable to bank
$70Net charge-offs
$19Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.53%Cost of funding earning assets
4.06%Net interest margin
4.47%Noninterest income to earning assets
1.01%Noninterest expense to earning assets
4.85%Net operating income to assets
0.55%Return on assets (ROA)
0.55%Pretax return on assets
0.55%Return on equity (ROE)
9.94%Retained earnings to average equity (YTD only)
9.94%Net charge-offs to loans
0.23%Credit loss provision to net charge-offs
0.00%Efficiency ratio
88,525Assets per employee
1.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.47%Loss allowance to noncurrent loans
18.60%Noncurrent assets plus other real estate owned to assets
1.76%Noncurrent loans to loans
2.54%Net loans and leases to deposits
69.68%Net loans and leases to core deposits
72.76%Equity capital to assets
5.72%Core capital (leverage) ratio
5.90%Tier 1 risk-based capital ratio
8.53%Total risk-based capital ratio
Memoranda
$9Average assets
$12,692Average earning assets
$704Average equity
$11,131Average loans

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