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

This bank is inactive as of January 15, 1999

  • Farmers Bank in Minnesota Lake, Minnesota (MN)
  • Show street view No street view available for this location

Farmers Bank - Overview

  • General
  • FDIC Certificate #: 5210
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley Bank (#18845)
    Federal Reserve ID: 692058
    Date Established: November 01, 1902
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 3498
    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 15, 1999
    Last Structure Change Process Date: Febuary 26, 1999
    Last Data Update: Febuary 26, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Minnesota Lake, MN 56068
    County: Faribault
    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: $16.3 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, 1998)

  • Dollar figures in thousands
  • 5Total employees (full-time equivalent)
  • $16,326Total assets
  • $949Cash and due from depository institutions
  • $0Interest-bearing balances
  • $2,426Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $10,206Net loans & leases
  • $228Loan loss allowance
  • $0Trading account assets
  • $552Bank premises and fixed assets
  • $0Other real estate owned
  • $916Goodwill and other intangibles
  • $0Life insurance assets
  • $277All other assets
  • $16,326Total liabilities and capital
  • $13,933Total liabilities
  • $13,537Total deposits
  • $11,327Interest-bearing deposits
  • $13,537Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $396All other liabilities
  • $2,393Total equity capital
  • $2,393Total bank equity capital
  • $2,393Perpetual preferred stock
  • $0Common stock
  • $105Surplus
  • $2,142Undivided profits
  • Memoranda
  • $146Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $34Earning assets
  • $0Long-term assets (5+ years)
  • $252Average Assets, year-to-date
  • $13,632Average Assets, quarterly
  • $863Volatile liabilities
  • $14,878Insider loans
  • $15,797FHLB advances
  • $628Loans and leases held for sale
  • $508Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,277Total unused commitments
  • $0Restructured Loans and leases
  • $11,596Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $495Total interest income
  • $190Total interest expense
  • $305Net interest income
  • -$15Provision for loan and lease losses
  • $125Total noninterest income
  • $0Fiduciary activities
  • $15Service charges on deposit accounts
  • $0Trading account gains & fees
  • $110Additional noninterest income
  • $233Total noninterest expense
  • $102Salaries and employee benefits
  • $11Premises and equipment expense
  • $120Additional noninterest expense
  • $212Pre-tax net operating income
  • $0Securities gains (losses)
  • $99Applicable income taxes
  • $113Income before extraordinary items
  • $0Extraordinary gains - net
  • $113Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $23Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.88%Yield on earning assets
  • 1.49%Cost of funding earning assets
  • 2.39%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 1.83%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 6.60%Return on equity (ROE)
  • 6.60%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • -65.22%Credit loss provision to net charge-offs
  • 8.57%Efficiency ratio
  • 50,930Assets per employee
  • 3.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.19%Loss allowance to noncurrent loans
  • 670.59%Noncurrent assets plus other real estate owned to assets
  • 0.21%Noncurrent loans to loans
  • 0.33%Net loans and leases to deposits
  • 75.39%Net loans and leases to core deposits
  • 79.06%Equity capital to assets
  • 14.66%Core capital (leverage) ratio
  • 9.67%Tier 1 risk-based capital ratio
  • 12.45%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $14,878Average earning assets
  • $1,713Average equity
  • $12,767Average loans

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