Victoria State Bank in Victoria, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 02, 2005

  • Victoria State Bank in Victoria, Minnesota (MN)
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Victoria State Bank - Overview

  • General
  • FDIC Certificate #: 22085
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: KleinBank (#1414)
    Federal Reserve ID: 773751
    Date Established: January 01, 1911
    WWW: http://www.kleinet.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 15335
    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: July 28, 1975
    Last Structure Change Effective Date: April 02, 2005
    Last Structure Change Process Date: April 20, 2005
    Last Data Update: April 20, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Victoria, MN 55386
    County: Carver
    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
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • Financial Summary
  • Total assets: $59.1 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
  • 11Total employees (full-time equivalent)
  • $58,151Total assets
  • $1,947Cash and due from depository institutions
  • $20Interest-bearing balances
  • $24,970Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $29,284Net loans & leases
  • $407Loan loss allowance
  • $0Trading account assets
  • $756Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,194All other assets
  • $58,151Total liabilities and capital
  • $53,005Total liabilities
  • $50,816Total deposits
  • $42,009Interest-bearing deposits
  • $50,816Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,280Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $515Other borrowed funds
  • $0Subordinated debt
  • $394All other liabilities
  • $5,146Total equity capital
  • $5,146Total bank equity capital
  • $5,146Perpetual preferred stock
  • $0Common stock
  • $108Surplus
  • $3,892Undivided profits
  • Memoranda
  • $1,146Noncurrent loans and leases
  • $9,683Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $20Earning assets
  • $0Long-term assets (5+ years)
  • $264Average Assets, year-to-date
  • $54,274Average Assets, quarterly
  • $6,817Volatile liabilities
  • $55,693Insider loans
  • $58,880FHLB advances
  • $5,485Loans and leases held for sale
  • $330Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $245Total risk weighted assets
  • $9,683Total unused commitments
  • $81Restructured Loans and leases
  • $407Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $2,485Total interest income
  • $416Total interest expense
  • $2,069Net interest income
  • -$29Provision for loan and lease losses
  • $422Total noninterest income
  • $0Fiduciary activities
  • $263Service charges on deposit accounts
  • $0Trading account gains & fees
  • $159Additional noninterest income
  • $1,620Total noninterest expense
  • $758Salaries and employee benefits
  • $151Premises and equipment expense
  • $711Additional noninterest expense
  • $900Pre-tax net operating income
  • $3Securities gains (losses)
  • $12Applicable income taxes
  • $891Income before extraordinary items
  • $0Extraordinary gains - net
  • $891Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$69Sale, conversion, retirement of capital stock, net
  • $391Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 3.15%Noninterest expense to earning assets
  • 1.59%Net operating income to assets
  • 1.60%Return on assets (ROA)
  • 1.62%Pretax return on assets
  • 17.82%Return on equity (ROE)
  • 10.00%Retained earnings to average equity (YTD only)
  • -0.25%Net charge-offs to loans
  • 42.03%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 65,034Assets per employee
  • 5.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.88%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 2035.00%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 57.63%Net loans and leases to core deposits
  • 62.14%Equity capital to assets
  • 8.85%Core capital (leverage) ratio
  • 9.02%Tier 1 risk-based capital ratio
  • 13.86%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $55,693Average earning assets
  • $4,999Average equity
  • $51,488Average loans

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