FDIC Certificate #: 8854 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens Alliance Bank (#1402) Federal Reserve ID: 78054 Date Established: December 27, 1887 WWW:http://www.ymcbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 14501 FDIC's unique #: 5649 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: May 01, 2007 Last Structure Change Process Date: May 29, 2007 Last Data Update: May 29, 2007 Data Source Date: April 05, 2012
Location
Address: 180 8th Avenue, Granite Falls, MN 56241 County: Yellow Medicine Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux Falls Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
Financial Summary
Total assets: $78.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
20Total employees (full-time equivalent)
$85,173Total assets
$5,764Cash and due from depository institutions
$2,300Interest-bearing balances
$29,280Securities
$4,000Federal funds sold & reverse repurchase agreements
$37,797Net loans & leases
$381Loan loss allowance
$0Trading account assets
$747Bank premises and fixed assets
$0Other real estate owned
$5,600Goodwill and other intangibles
$733Life insurance assets
$1,985All other assets
$85,173Total liabilities and capital
$73,114Total liabilities
$67,044Total deposits
$59,122Interest-bearing deposits
$67,044Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$1,070All other liabilities
$12,059Total equity capital
$12,059Total bank equity capital
$12,059Perpetual preferred stock
$0Common stock
$195Surplus
$12,201Undivided profits
Memoranda
$-337Noncurrent loans and leases
$6,684Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$17Earning assets
$0Long-term assets (5+ years)
$725Average Assets, year-to-date
$73,377Average Assets, quarterly
$12,809Volatile liabilities
$84,803Insider loans
$83,166FHLB advances
$7,823Loans and leases held for sale
$0Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,684Total unused commitments
$0Restructured Loans and leases
$381Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$2,750Total interest income
$1,381Total interest expense
$1,369Net interest income
-$60Provision for loan and lease losses
$154Total noninterest income
$0Fiduciary activities
$108Service charges on deposit accounts
$0Trading account gains & fees
$46Additional noninterest income
$998Total noninterest expense
$662Salaries and employee benefits
$129Premises and equipment expense
$207Additional noninterest expense
$585Pre-tax net operating income
-$21Securities gains (losses)
$0Applicable income taxes
$564Income before extraordinary items
$0Extraordinary gains - net
$564Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$23Sale, conversion, retirement of capital stock, net
$261Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.66%Yield on earning assets
1.84%Cost of funding earning assets
1.82%Net interest margin
0.20%Noninterest income to earning assets
1.33%Noninterest expense to earning assets
0.69%Net operating income to assets
0.67%Return on assets (ROA)
0.67%Pretax return on assets
5.93%Return on equity (ROE)
3.19%Retained earnings to average equity (YTD only)
-0.06%Net charge-offs to loans
260.87%Credit loss provision to net charge-offs
0.00%Efficiency ratio
65,529Assets per employee
4.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
46.28%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
2241.18%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.04%Net loans and leases to deposits
56.38%Net loans and leases to core deposits
63.82%Equity capital to assets
14.16%Core capital (leverage) ratio
9.14%Tier 1 risk-based capital ratio
14.65%Total risk-based capital ratio
Memoranda
$15Average assets
$84,803Average earning assets
$9,509Average equity
$75,189Average loans
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