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)
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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
    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

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