FDIC Certificate #: 19356 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community Bank of the Red River Valley (#19180) Federal Reserve ID: 169251 Date Established: January 25, 1965 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 10622 FDIC's unique #: 13166 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 25, 1965 Last Structure Change Effective Date: July 01, 2001 Last Structure Change Process Date: July 16, 2001 Last Data Update: July 16, 2001 Data Source Date: April 05, 2012
Location
Address: Main Street, Oslo, MN 56744 County: Marshall Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Grand Forks Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
Financial Summary
Total assets: $15.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
7Total employees (full-time equivalent)
$14,946Total assets
$1,824Cash and due from depository institutions
$1,265Interest-bearing balances
$3,255Securities
$734Federal funds sold & reverse repurchase agreements
$8,560Net loans & leases
$150Loan loss allowance
$0Trading account assets
$98Bank premises and fixed assets
$1Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$474All other assets
$14,946Total liabilities and capital
$13,218Total liabilities
$13,011Total deposits
$10,810Interest-bearing deposits
$13,011Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$207All other liabilities
$1,728Total equity capital
$1,728Total bank equity capital
$1,728Perpetual preferred stock
$0Common stock
$100Surplus
$1,000Undivided profits
Memoranda
$628Noncurrent loans and leases
$388Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$103Earning assets
$0Long-term assets (5+ years)
$212Average Assets, year-to-date
$13,814Average Assets, quarterly
$129Volatile liabilities
$14,547Insider loans
$14,585FHLB advances
$340Loans and leases held for sale
$209Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$388Total unused commitments
$0Restructured Loans and leases
$126Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$1,058Total interest income
$473Total interest expense
$585Net interest income
-$48Provision for loan and lease losses
$170Total noninterest income
$0Fiduciary activities
$55Service charges on deposit accounts
$0Trading account gains & fees
$115Additional noninterest income
$548Total noninterest expense
$342Salaries and employee benefits
$60Premises and equipment expense
$146Additional noninterest expense
$255Pre-tax net operating income
$0Securities gains (losses)
$77Applicable income taxes
$178Income before extraordinary items
$0Extraordinary gains - net
$178Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$75Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.99%Yield on earning assets
3.57%Cost of funding earning assets
4.42%Net interest margin
1.28%Noninterest income to earning assets
4.14%Noninterest expense to earning assets
1.22%Net operating income to assets
1.22%Return on assets (ROA)
1.75%Pretax return on assets
10.72%Return on equity (ROE)
6.20%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
-2400.00%Credit loss provision to net charge-offs
103.50%Efficiency ratio
72,583Assets per employee
2.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.13%Loss allowance to loans
1.72%Loss allowance to noncurrent loans
145.63%Noncurrent assets plus other real estate owned to assets
0.70%Noncurrent loans to loans
1.18%Net loans and leases to deposits
65.79%Net loans and leases to core deposits
67.56%Equity capital to assets
11.56%Core capital (leverage) ratio
12.30%Tier 1 risk-based capital ratio
17.37%Total risk-based capital ratio
Memoranda
$19Average assets
$14,547Average earning assets
$1,661Average equity
$13,247Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Valley State Bank of Oslo.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: