Bank of Elbow Lake in Elbow Lake, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 05, 1995

  • Bank of Elbow Lake in Elbow Lake, Minnesota (MN)
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Bank of Elbow Lake - Overview

  • General
  • FDIC Certificate #: 9732
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Eagle Bank (#8824)
    Federal Reserve ID: 968959
    Date Established: January 01, 1887
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 6223
    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: January 05, 1995
    Last Structure Change Process Date: Febuary 23, 1995
    Last Data Update: October 02, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 18 Central Avenue North, Elbow Lake, MN 56531
    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
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $11.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $8Total assets
  • $11,523Cash and due from depository institutions
  • $1,060Interest-bearing balances
  • $99Securities
  • $4,857Federal funds sold & reverse repurchase agreements
  • $100Net loans & leases
  • $5,160Loan loss allowance
  • $171Trading account assets
  • $0Bank premises and fixed assets
  • $162Other real estate owned
  • $0Goodwill and other intangibles
  • $184Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $11,523Total liabilities
  • $10,671Total deposits
  • $10,639Interest-bearing deposits
  • $8,677Deposits held in domestic offices
  • 10639.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $32Total equity capital
  • $32Total bank equity capital
  • $852Perpetual preferred stock
  • $0Common stock
  • $693Surplus
  • $1,007Undivided profits
  • Memoranda
  • $-848Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $304Income earned, not collected on loans
  • $122Earning assets
  • $10,216Long-term assets (5+ years)
  • $1,438Average Assets, year-to-date
  • $11,941Average Assets, quarterly
  • $11,549Volatile liabilities
  • $200Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $636Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,032Total risk weighted assets
  • $6,201Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $834Total interest expense
  • $336Net interest income
  • $498Provision for loan and lease losses
  • $6Total noninterest income
  • $40Fiduciary activities
  • $0Service charges on deposit accounts
  • $19Trading account gains & fees
  • $0Additional noninterest income
  • $21Total noninterest expense
  • $452Salaries and employee benefits
  • $192Premises and equipment expense
  • $65Additional noninterest expense
  • $195Pre-tax net operating income
  • $80Securities gains (losses)
  • -$2Applicable income taxes
  • $12Income before extraordinary items
  • $66Extraordinary gains - net
  • $12Net income attributable to bank
  • $78Net charge-offs
  • $64Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.71%Cost of funding earning assets
  • 3.11%Net interest margin
  • 4.61%Noninterest income to earning assets
  • 0.37%Noninterest expense to earning assets
  • 4.18%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 0.75%Return on equity (ROE)
  • 8.61%Retained earnings to average equity (YTD only)
  • 8.61%Net charge-offs to loans
  • 1.14%Credit loss provision to net charge-offs
  • 9.38%Efficiency ratio
  • 84,015Assets per employee
  • 1.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.21%Loss allowance to noncurrent loans
  • 56.25%Noncurrent assets plus other real estate owned to assets
  • 2.64%Noncurrent loans to loans
  • 5.70%Net loans and leases to deposits
  • 48.50%Net loans and leases to core deposits
  • 49.43%Equity capital to assets
  • 7.39%Core capital (leverage) ratio
  • 8.74%Tier 1 risk-based capital ratio
  • 16.64%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $11,941Average earning assets
  • $906Average equity
  • $10,813Average loans

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