American State Bank of Olivia in Olivia, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 24, 2005

  • American State Bank of Olivia in Olivia, Minnesota (MN)
  • Show street view No street view available for this location

American State Bank of Olivia - Overview

  • General
  • FDIC Certificate #: 20712
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: American Bank of St. Paul (#20843)
    Federal Reserve ID: 168759
    Date Established: June 12, 1972
    WWW: http://www.americanstatebankforyou.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 14303
    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: June 12, 1972
    Last Structure Change Effective Date: October 24, 2005
    Last Structure Change Process Date: November 08, 2005
    Last Data Update: November 08, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 815 East Depue Avenue, Olivia, MN 56277
    County: Renville
    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
  • Financial Summary
  • Total assets: $75.6 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
  • 20Total employees (full-time equivalent)
  • $74,558Total assets
  • $4,686Cash and due from depository institutions
  • $1,879Interest-bearing balances
  • $1,999Securities
  • $1,500Federal funds sold & reverse repurchase agreements
  • $63,795Net loans & leases
  • $958Loan loss allowance
  • $0Trading account assets
  • $602Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,976All other assets
  • $74,558Total liabilities and capital
  • $68,066Total liabilities
  • $64,828Total deposits
  • $59,820Interest-bearing deposits
  • $64,828Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,000Other borrowed funds
  • $0Subordinated debt
  • $238All other liabilities
  • $6,492Total equity capital
  • $6,492Total bank equity capital
  • $6,492Perpetual preferred stock
  • $0Common stock
  • $521Surplus
  • $5,235Undivided profits
  • Memoranda
  • $736Noncurrent loans and leases
  • $9,349Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $258Earning assets
  • $0Long-term assets (5+ years)
  • $1,112Average Assets, year-to-date
  • $69,173Average Assets, quarterly
  • $11,122Volatile liabilities
  • $65,297Insider loans
  • $71,871FHLB advances
  • $11,124Loans and leases held for sale
  • $0Unused loan commitments
  • $3,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,349Total unused commitments
  • $603Restructured Loans and leases
  • $815Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $4,132Total interest income
  • $1,280Total interest expense
  • $2,852Net interest income
  • $433Provision for loan and lease losses
  • $63Total noninterest income
  • $0Fiduciary activities
  • $27Service charges on deposit accounts
  • $0Trading account gains & fees
  • $36Additional noninterest income
  • $1,450Total noninterest expense
  • $868Salaries and employee benefits
  • $177Premises and equipment expense
  • $405Additional noninterest expense
  • $1,032Pre-tax net operating income
  • $0Securities gains (losses)
  • $416Applicable income taxes
  • $616Income before extraordinary items
  • $0Extraordinary gains - net
  • $616Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $185Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.75%Yield on earning assets
  • 2.09%Cost of funding earning assets
  • 4.66%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 2.37%Noninterest expense to earning assets
  • 0.94%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 1.58%Pretax return on assets
  • 10.37%Return on equity (ROE)
  • 10.37%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 234.05%Credit loss provision to net charge-offs
  • 7.92%Efficiency ratio
  • 49,743Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 371.32%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.40%Net loans and leases to deposits
  • 98.41%Net loans and leases to core deposits
  • 118.79%Equity capital to assets
  • 8.71%Core capital (leverage) ratio
  • 9.12%Tier 1 risk-based capital ratio
  • 9.98%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $65,297Average earning assets
  • $5,941Average equity
  • $61,236Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with American State Bank of Olivia.
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.
Table of Contents