Fidelity State Bank of Fairfax in Fairfax, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 2000

  • Fidelity State Bank of Fairfax in Fairfax, Minnesota (MN)
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Fidelity State Bank of Fairfax - Overview

  • General
  • FDIC Certificate #: 10172
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Rural American Bank - Hector/Fairfax (#10562)
    Federal Reserve ID: 44358
    Date Established: January 01, 1901
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 6513
    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: July 01, 2000
    Last Structure Change Process Date: July 18, 2000
    Last Data Update: July 18, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 South Park Street, Fairfax, MN 55332
    County: Renville
    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: $26.1 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, 1999)

  • Dollar figures in thousands
  • 10Total employees (full-time equivalent)
  • $29,196Total assets
  • $2,591Cash and due from depository institutions
  • $0Interest-bearing balances
  • $3,952Securities
  • $2,410Federal funds sold & reverse repurchase agreements
  • $17,547Net loans & leases
  • $262Loan loss allowance
  • $0Trading account assets
  • $662Bank premises and fixed assets
  • $0Other real estate owned
  • $1,554Goodwill and other intangibles
  • $0Life insurance assets
  • $480All other assets
  • $29,196Total liabilities and capital
  • $25,185Total liabilities
  • $23,617Total deposits
  • $20,017Interest-bearing deposits
  • $23,617Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,242Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $326All other liabilities
  • $4,011Total equity capital
  • $4,011Total bank equity capital
  • $4,011Perpetual preferred stock
  • $0Common stock
  • $608Surplus
  • $3,110Undivided profits
  • Memoranda
  • $293Noncurrent loans and leases
  • $3,399Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $11Earning assets
  • $0Long-term assets (5+ years)
  • $377Average Assets, year-to-date
  • $23,909Average Assets, quarterly
  • $1,474Volatile liabilities
  • $27,119Insider loans
  • $28,071FHLB advances
  • $3,124Loans and leases held for sale
  • $62Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,399Total unused commitments
  • $0Restructured Loans and leases
  • $249Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $1,994Total interest income
  • $892Total interest expense
  • $1,102Net interest income
  • $0Provision for loan and lease losses
  • $221Total noninterest income
  • $0Fiduciary activities
  • $61Service charges on deposit accounts
  • $0Trading account gains & fees
  • $160Additional noninterest income
  • $913Total noninterest expense
  • $492Salaries and employee benefits
  • $98Premises and equipment expense
  • $323Additional noninterest expense
  • $410Pre-tax net operating income
  • $0Securities gains (losses)
  • $127Applicable income taxes
  • $283Income before extraordinary items
  • $0Extraordinary gains - net
  • $283Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $123Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.58%Yield on earning assets
  • 3.84%Cost of funding earning assets
  • 4.74%Net interest margin
  • 0.95%Noninterest income to earning assets
  • 3.93%Noninterest expense to earning assets
  • 1.04%Net operating income to assets
  • 1.04%Return on assets (ROA)
  • 1.51%Pretax return on assets
  • 7.24%Return on equity (ROE)
  • 4.10%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
  • 64,097Assets per employee
  • 2.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.46%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 2381.82%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 74.30%Net loans and leases to core deposits
  • 80.73%Equity capital to assets
  • 13.74%Core capital (leverage) ratio
  • 9.70%Tier 1 risk-based capital ratio
  • 12.53%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $27,119Average earning assets
  • $3,907Average equity
  • $23,231Average loans

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