FDIC Certificate #: 10211 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Star Bank (#5095) Federal Reserve ID: 271556 Date Established: July 10, 1908 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 14057 FDIC's unique #: 6550 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: March 01, 2000 Last Structure Change Process Date: March 22, 2000 Last Data Update: March 22, 2000 Data Source Date: April 05, 2012
Location
Address: 400 2nd Street, Barrett, MN 56311 County: Grant Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
Financial Summary
Total assets: $39.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
18Total employees (full-time equivalent)
$39,342Total assets
$2,705Cash and due from depository institutions
$20Interest-bearing balances
$2,172Securities
$280Federal funds sold & reverse repurchase agreements
$31,880Net loans & leases
$461Loan loss allowance
$0Trading account assets
$1,132Bank premises and fixed assets
$31Other real estate owned
$501Goodwill and other intangibles
$0Life insurance assets
$641All other assets
$39,342Total liabilities and capital
$35,658Total liabilities
$34,057Total deposits
$29,302Interest-bearing deposits
$34,057Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,311Other borrowed funds
$0Subordinated debt
$290All other liabilities
$3,684Total equity capital
$3,684Total bank equity capital
$3,684Perpetual preferred stock
$0Common stock
$25Surplus
$2,800Undivided profits
Memoranda
$859Noncurrent loans and leases
$3,834Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$231Earning assets
$221Long-term assets (5+ years)
$565Average Assets, year-to-date
$34,352Average Assets, quarterly
$3,260Volatile liabilities
$38,731Insider loans
$39,283FHLB advances
$3,500Loans and leases held for sale
$202Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,834Total unused commitments
$0Restructured Loans and leases
$404Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$3,233Total interest income
$1,385Total interest expense
$1,848Net interest income
$98Provision for loan and lease losses
$257Total noninterest income
$0Fiduciary activities
$143Service charges on deposit accounts
$0Trading account gains & fees
$114Additional noninterest income
$1,204Total noninterest expense
$664Salaries and employee benefits
$186Premises and equipment expense
$354Additional noninterest expense
$803Pre-tax net operating income
$4Securities gains (losses)
$78Applicable income taxes
$729Income before extraordinary items
$0Extraordinary gains - net
$729Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$2Sale, conversion, retirement of capital stock, net
$496Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.38%Yield on earning assets
4.02%Cost of funding earning assets
5.36%Net interest margin
0.75%Noninterest income to earning assets
3.49%Noninterest expense to earning assets
1.87%Net operating income to assets
1.88%Return on assets (ROA)
2.08%Pretax return on assets
20.65%Return on equity (ROE)
6.60%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
-4900.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
54,584Assets per employee
2.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
68.04%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
199.57%Noncurrent assets plus other real estate owned to assets
0.67%Noncurrent loans to loans
0.71%Net loans and leases to deposits
93.61%Net loans and leases to core deposits
104.33%Equity capital to assets
9.36%Core capital (leverage) ratio
8.36%Tier 1 risk-based capital ratio
10.09%Total risk-based capital ratio
Memoranda
$11Average assets
$38,731Average earning assets
$3,531Average equity
$34,476Average 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 West Central Bank.
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: