FDIC Certificate #: 9740 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Eagle Valley Bank, National Association (#5365) Federal Reserve ID: 376451 Date Established: January 29, 1903 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 6229 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: October 01, 1998 Last Structure Change Process Date: October 20, 1998 Last Data Update: October 20, 1998 Data Source Date: April 05, 2012
Location
Address: Main Street, Dennison, MN 55018 County: Goodhue Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Chicago FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Red Wing, MN (#39860) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $15.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
8Total employees (full-time equivalent)
$8,374Total assets
$372Cash and due from depository institutions
$0Interest-bearing balances
$3,138Securities
$586Federal funds sold & reverse repurchase agreements
$2,921Net loans & leases
$60Loan loss allowance
$0Trading account assets
$579Bank premises and fixed assets
$0Other real estate owned
$692Goodwill and other intangibles
$0Life insurance assets
$86All other assets
$8,374Total liabilities and capital
$6,313Total liabilities
$6,249Total deposits
$5,596Interest-bearing deposits
$6,249Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$64All other liabilities
$2,061Total equity capital
$2,061Total bank equity capital
$2,061Perpetual preferred stock
$0Common stock
$25Surplus
$2,082Undivided profits
Memoranda
$-46Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$20Earning assets
$0Long-term assets (5+ years)
$40Average Assets, year-to-date
$6,645Average Assets, quarterly
$1,072Volatile liabilities
$7,632Insider loans
$8,010FHLB advances
$211Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$3,873Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$226Total interest income
$95Total interest expense
$131Net interest income
$0Provision for loan and lease losses
$28Total noninterest income
$0Fiduciary activities
$18Service charges on deposit accounts
$0Trading account gains & fees
$10Additional noninterest income
$226Total noninterest expense
$41Salaries and employee benefits
$44Premises and equipment expense
$141Additional noninterest expense
-$67Pre-tax net operating income
$0Securities gains (losses)
-$21Applicable income taxes
-$46Income before extraordinary items
$0Extraordinary gains - net
-$46Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.47%Yield on earning assets
1.46%Cost of funding earning assets
2.01%Net interest margin
0.43%Noninterest income to earning assets
3.47%Noninterest expense to earning assets
-0.60%Net operating income to assets
-0.60%Return on assets (ROA)
-0.88%Pretax return on assets
-2.76%Return on equity (ROE)
-2.76%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
136,478Assets per employee
1.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.01%Loss allowance to noncurrent loans
300.00%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.67%Net loans and leases to deposits
46.74%Net loans and leases to core deposits
48.38%Equity capital to assets
24.61%Core capital (leverage) ratio
18.51%Tier 1 risk-based capital ratio
35.35%Total risk-based capital ratio
Memoranda
$37Average assets
$7,632Average earning assets
$1,668Average equity
$6,514Average loans
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