Community State Bank of Alexandria in Alexandria, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 17, 1995

Community State Bank of Alexandria in Alexandria, Minnesota (MN)
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Community State Bank of Alexandria - Overview

General
FDIC Certificate #: 20621
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Norwest Bank Minnesota Central, National Association (#9755)
Federal Reserve ID: 142058
Date Established: Febuary 22, 1972
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 10831
FDIC's unique #: 14231
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: Febuary 22, 1972
Last Structure Change Effective Date: Febuary 17, 1995
Last Structure Change Process Date: March 03, 1995
Last Data Update: March 03, 1995
Data Source Date: April 05, 2012
Location
Address: 618 Third Avenue East, Alexandria, MN 56308
County: Douglas
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
Core Based Statistical Area (CBSA): Alexandria, MN (#10820)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $57.5 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)
$26Total assets
$57,515Cash and due from depository institutions
$2,023Interest-bearing balances
$56Securities
$13,727Federal funds sold & reverse repurchase agreements
$2,400Net loans & leases
$36,620Loan loss allowance
$977Trading account assets
$0Bank premises and fixed assets
$887Other real estate owned
$0Goodwill and other intangibles
$1,858Life insurance assets
$0All other assets
$0Total liabilities and capital
$57,515Total liabilities
$54,531Total deposits
$52,700Interest-bearing deposits
$44,633Deposits held in domestic offices
52700.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$442Subordinated debt
$0All other liabilities
$1,389Total equity capital
$1,389Total bank equity capital
$2,984Perpetual preferred stock
$0Common stock
$287Surplus
$2,713Undivided profits
Memoranda
$-16Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$343Income earned, not collected on loans
$291Earning assets
$52,803Long-term assets (5+ years)
$3,721Average Assets, year-to-date
$57,938Average Assets, quarterly
$58,415Volatile liabilities
$8,331Insider loans
$347FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,250Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,353Total risk weighted assets
$38,489Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,499Total interest expense
$1,774Net interest income
$2,725Provision for loan and lease losses
$533Total noninterest income
$521Fiduciary activities
$0Service charges on deposit accounts
$311Trading account gains & fees
$0Additional noninterest income
$210Total noninterest expense
$3,262Salaries and employee benefits
$1,005Premises and equipment expense
$495Additional noninterest expense
$1,762Pre-tax net operating income
-$549Securities gains (losses)
$14Applicable income taxes
$312Income before extraordinary items
-$847Extraordinary gains - net
$0Net income attributable to bank
-$847Net charge-offs
$2Cash dividends
$391Sale, 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
8.52%Cost of funding earning assets
3.36%Net interest margin
5.16%Noninterest income to earning assets
0.99%Noninterest expense to earning assets
6.18%Net operating income to assets
-1.49%Return on assets (ROA)
-1.46%Pretax return on assets
-0.92%Return on equity (ROE)
-19.72%Retained earnings to average equity (YTD only)
-28.83%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
26650.00%Efficiency ratio
100,493Assets per employee
2.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
-46.16%Loss allowance to loans
2.60%Loss allowance to noncurrent loans
284.84%Noncurrent assets plus other real estate owned to assets
0.60%Noncurrent loans to loans
0.91%Net loans and leases to deposits
69.49%Net loans and leases to core deposits
81.72%Equity capital to assets
5.19%Core capital (leverage) ratio
5.66%Tier 1 risk-based capital ratio
8.71%Total risk-based capital ratio
Memoranda
$10Average assets
$57,938Average earning assets
$4,294Average equity
$52,818Average loans

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