FDIC Certificate #: 1395 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Frandsen Bank & Trust (#1399) Federal Reserve ID: 126955 Date Established: April 18, 1912 WWW:http://www.dundasbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 12140 FDIC's unique #: 917 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: January 01, 1934 Last Structure Change Effective Date: April 01, 2005 Last Structure Change Process Date: April 14, 2005 Last Data Update: April 14, 2005 Data Source Date: April 05, 2012
Location
Address: 715 Stafford Road North, Dundas, MN 55019 County: Rice Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Faribault-Northfield, MN (#22060) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $27.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
9Total employees (full-time equivalent)
$28,933Total assets
$844Cash and due from depository institutions
$0Interest-bearing balances
$5,637Securities
$577Federal funds sold & reverse repurchase agreements
$19,341Net loans & leases
$210Loan loss allowance
$0Trading account assets
$1,080Bank premises and fixed assets
$72Other real estate owned
$1,019Goodwill and other intangibles
$0Life insurance assets
$363All other assets
$28,933Total liabilities and capital
$25,426Total liabilities
$22,646Total deposits
$19,962Interest-bearing deposits
$22,646Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,500Other borrowed funds
$0Subordinated debt
$280All other liabilities
$3,507Total equity capital
$3,507Total bank equity capital
$3,507Perpetual preferred stock
$0Common stock
$405Surplus
$2,803Undivided profits
Memoranda
$299Noncurrent loans and leases
$4,118Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$125Earning assets
$0Long-term assets (5+ years)
$158Average Assets, year-to-date
$25,555Average Assets, quarterly
$3,339Volatile liabilities
$27,869Insider loans
$28,786FHLB advances
$4,711Loans and leases held for sale
$91Unused loan commitments
$2,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,118Total unused commitments
$0Restructured Loans and leases
$210Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$1,474Total interest income
$408Total interest expense
$1,066Net interest income
$25Provision for loan and lease losses
$233Total noninterest income
$0Fiduciary activities
$150Service charges on deposit accounts
$0Trading account gains & fees
$83Additional noninterest income
$876Total noninterest expense
$448Salaries and employee benefits
$156Premises and equipment expense
$272Additional noninterest expense
$398Pre-tax net operating income
$0Securities gains (losses)
$153Applicable income taxes
$245Income before extraordinary items
$0Extraordinary gains - net
$245Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$105Sale, conversion, retirement of capital stock, net
$325Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.99%Yield on earning assets
1.66%Cost of funding earning assets
4.33%Net interest margin
0.95%Noninterest income to earning assets
3.56%Noninterest expense to earning assets
0.88%Net operating income to assets
0.88%Return on assets (ROA)
1.43%Pretax return on assets
7.08%Return on equity (ROE)
-2.31%Retained earnings to average equity (YTD only)
0.53%Net charge-offs to loans
23.81%Credit loss provision to net charge-offs
4.03%Efficiency ratio
67,436Assets per employee
3.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
132.65%Loss allowance to loans
1.07%Loss allowance to noncurrent loans
168.00%Noncurrent assets plus other real estate owned to assets
0.43%Noncurrent loans to loans
0.64%Net loans and leases to deposits
85.41%Net loans and leases to core deposits
102.31%Equity capital to assets
12.12%Core capital (leverage) ratio
8.83%Tier 1 risk-based capital ratio
12.52%Total risk-based capital ratio
Memoranda
$14Average assets
$27,869Average earning assets
$3,462Average equity
$24,610Average loans
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