Buffalo Ridge State Bank of Ruthton, Inc. in Ruthton, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2001

  • Buffalo Ridge State Bank of Ruthton, Inc. in Ruthton, Minnesota (MN)
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Buffalo Ridge State Bank of Ruthton, Inc. - Overview

  • General
  • FDIC Certificate #: 9345
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Buffalo Ridge Bank (#8219)
    Federal Reserve ID: 792958
    Date Established: January 01, 1917
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 5996
    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: April 01, 2001
    Last Structure Change Process Date: April 26, 2001
    Last Data Update: April 26, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Ruthton, MN 56170
    County: Pipestone
    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: $11.6 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $12,249Total assets
  • $652Cash and due from depository institutions
  • $0Interest-bearing balances
  • $3,808Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $7,431Net loans & leases
  • $72Loan loss allowance
  • $0Trading account assets
  • $113Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $245All other assets
  • $12,249Total liabilities and capital
  • $11,122Total liabilities
  • $10,930Total deposits
  • $8,924Interest-bearing deposits
  • $10,930Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $133Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $59All other liabilities
  • $1,127Total equity capital
  • $1,127Total bank equity capital
  • $1,127Perpetual preferred stock
  • $0Common stock
  • $60Surplus
  • $550Undivided profits
  • Memoranda
  • $517Noncurrent loans and leases
  • $298Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $74Earning assets
  • $0Long-term assets (5+ years)
  • $170Average Assets, year-to-date
  • $11,239Average Assets, quarterly
  • $1,388Volatile liabilities
  • $11,556Insider loans
  • $11,827FHLB advances
  • $828Loans and leases held for sale
  • $238Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $298Total unused commitments
  • $0Restructured Loans and leases
  • $72Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $891Total interest income
  • $386Total interest expense
  • $505Net interest income
  • $16Provision for loan and lease losses
  • $29Total noninterest income
  • $0Fiduciary activities
  • $27Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2Additional noninterest income
  • $366Total noninterest expense
  • $215Salaries and employee benefits
  • $72Premises and equipment expense
  • $79Additional noninterest expense
  • $152Pre-tax net operating income
  • -$1Securities gains (losses)
  • $21Applicable income taxes
  • $130Income before extraordinary items
  • $0Extraordinary gains - net
  • $130Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $50Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.36%Yield on earning assets
  • 3.62%Cost of funding earning assets
  • 4.74%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 1.13%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 12.66%Return on equity (ROE)
  • 7.79%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 266.67%Credit loss provision to net charge-offs
  • 28.00%Efficiency ratio
  • 68,539Assets per employee
  • 1.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.46%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 97.30%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.99%Net loans and leases to deposits
  • 67.99%Net loans and leases to core deposits
  • 72.60%Equity capital to assets
  • 9.20%Core capital (leverage) ratio
  • 9.60%Tier 1 risk-based capital ratio
  • 13.45%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $11,556Average earning assets
  • $1,027Average equity
  • $10,662Average loans

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