American Bank Mankato in Mankato, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 18, 1994

American Bank Mankato in Mankato, Minnesota (MN)
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American Bank Mankato - Overview

General
FDIC Certificate #: 1393
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Bank National Association (#5199)
Federal Reserve ID: 93356
Date Established: January 01, 1906
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 10180
FDIC's unique #: 915
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 18, 1994
Last Structure Change Process Date: April 05, 1994
Last Data Update: April 05, 1994
Data Source Date: April 05, 2012
Location
Address: 302 North Front Street, Mankato, MN 56001
County: Blue Earth
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Mankato
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Mankato-North Mankato, MN (#31860)
CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860)
Financial Summary
Total assets: $119.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$57Total assets
$119,333Cash and due from depository institutions
$5,499Interest-bearing balances
$13Securities
$20,121Federal funds sold & reverse repurchase agreements
$5,400Net loans & leases
$81,522Loan loss allowance
$1,147Trading account assets
$0Bank premises and fixed assets
$2,138Other real estate owned
$187Goodwill and other intangibles
$4,399Life insurance assets
$67All other assets
$0Total liabilities and capital
$119,333Total liabilities
$109,155Total deposits
$106,819Interest-bearing deposits
$92,686Deposits held in domestic offices
106819.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$1,020Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,316Total equity capital
$1,316Total bank equity capital
$10,178Perpetual preferred stock
$0Common stock
$250Surplus
$5,850Undivided profits
Memoranda
$4,078Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$142Income earned, not collected on loans
$1,344Earning assets
$107,056Long-term assets (5+ years)
$6,762Average Assets, year-to-date
$116,857Average Assets, quarterly
$118,682Volatile liabilities
$6,896Insider loans
$71FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$9,676Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,111Total risk weighted assets
$95,952Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$9,244Total interest expense
$3,278Net interest income
$5,966Provision for loan and lease losses
$300Total noninterest income
$1,154Fiduciary activities
$0Service charges on deposit accounts
$420Trading account gains & fees
$0Additional noninterest income
$734Total noninterest expense
$4,575Salaries and employee benefits
$2,338Premises and equipment expense
$707Additional noninterest expense
$1,530Pre-tax net operating income
$2,245Securities gains (losses)
-$13Applicable income taxes
$796Income before extraordinary items
$1,436Extraordinary gains - net
$0Net income attributable to bank
$1,436Net charge-offs
$63Cash dividends
$600Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.79%Cost of funding earning assets
3.12%Net interest margin
5.68%Noninterest income to earning assets
1.10%Noninterest expense to earning assets
4.35%Net operating income to assets
1.24%Return on assets (ROA)
1.23%Pretax return on assets
1.91%Return on equity (ROE)
15.29%Retained earnings to average equity (YTD only)
8.90%Net charge-offs to loans
0.08%Credit loss provision to net charge-offs
476.19%Efficiency ratio
61,587Assets per employee
2.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
41.78%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
807.75%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.17%Net loans and leases to deposits
76.32%Net loans and leases to core deposits
80.76%Equity capital to assets
8.53%Core capital (leverage) ratio
8.35%Tier 1 risk-based capital ratio
10.54%Total risk-based capital ratio
Memoranda
$12Average assets
$116,857Average earning assets
$9,389Average equity
$105,114Average loans

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