FDIC Certificate #: 34568 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of Alma (#26689) Federal Reserve ID: 2722182 Date Established: August 24, 1998 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 59076 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: August 24, 1998 Last Structure Change Effective Date: January 01, 2004 Last Structure Change Process Date: January 21, 2004 Last Data Update: January 21, 2004 Data Source Date: April 05, 2012
Location
Address: 730 Pembroke Avenue, Wabasha, MN 55981 County: Wabasha Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Chicago FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Rochester, MN (#40340) CBSA Metro Statistical Area: Rochester, MN (#40340)
Financial Summary
Total assets: $20.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
5Total employees (full-time equivalent)
$20,236Total assets
$6,947Cash and due from depository institutions
$6,072Interest-bearing balances
$1,500Securities
$0Federal funds sold & reverse repurchase agreements
$11,740Net loans & leases
$140Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$49All other assets
$20,236Total liabilities and capital
$16,524Total liabilities
$16,441Total deposits
$14,592Interest-bearing deposits
$16,441Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$83All other liabilities
$3,712Total equity capital
$3,712Total bank equity capital
$3,712Perpetual preferred stock
$0Common stock
$10Surplus
$2,700Undivided profits
Memoranda
$1,002Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$312Earning assets
$0Long-term assets (5+ years)
$49Average Assets, year-to-date
$19,312Average Assets, quarterly
$1,000Volatile liabilities
$19,753Insider loans
$20,362FHLB advances
$1,102Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$140Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$1,018Total interest income
$299Total interest expense
$719Net interest income
$0Provision for loan and lease losses
$79Total noninterest income
$0Fiduciary activities
$72Service charges on deposit accounts
$0Trading account gains & fees
$7Additional noninterest income
$304Total noninterest expense
$136Salaries and employee benefits
$40Premises and equipment expense
$128Additional noninterest expense
$494Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$494Income before extraordinary items
$0Extraordinary gains - net
$494Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.47%Yield on earning assets
1.61%Cost of funding earning assets
3.86%Net interest margin
0.42%Noninterest income to earning assets
1.63%Noninterest expense to earning assets
2.50%Net operating income to assets
2.50%Return on assets (ROA)
2.50%Pretax return on assets
14.27%Return on equity (ROE)
14.27%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
38,095Assets per employee
4.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
44.87%Noncurrent assets plus other real estate owned to assets
1.54%Noncurrent loans to loans
2.63%Net loans and leases to deposits
71.41%Net loans and leases to core deposits
76.54%Equity capital to assets
18.34%Core capital (leverage) ratio
18.20%Tier 1 risk-based capital ratio
31.61%Total risk-based capital ratio
Memoranda
$33Average assets
$19,753Average earning assets
$3,463Average equity
$18,625Average loans
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