First Bank South, National Association in Mankato, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 08, 1993

  • First Bank South, National Association in Mankato, Minnesota (MN)
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First Bank South, National Association - Overview

  • General
  • FDIC Certificate #: 5191
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Bank National Association (#5199)
    Federal Reserve ID: 1650
    Date Established: May 20, 1868
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 3481
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 08, 1993
    Last Structure Change Process Date: October 20, 1993
    Last Data Update: October 20, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 204 South Second Street, Mankato, MN 56001
    County: Blue Earth
    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
    Core Based Statistical Area (CBSA): Mankato-North Mankato, MN (#31860)
    CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860)
  • Financial Summary
  • Total assets: $171.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $55Total assets
  • $181,605Cash and due from depository institutions
  • $11,063Interest-bearing balances
  • $0Securities
  • $21,455Federal funds sold & reverse repurchase agreements
  • $33,356Net loans & leases
  • $111,886Loan loss allowance
  • $1,075Trading account assets
  • $0Bank premises and fixed assets
  • $1,880Other real estate owned
  • $0Goodwill and other intangibles
  • $1,965Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $181,605Total liabilities
  • $171,230Total deposits
  • $166,714Interest-bearing deposits
  • $143,492Deposits held in domestic offices
  • 166714.00%% insured (estimated)
  • $84Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,600All other liabilities
  • $2,916Total equity capital
  • $2,916Total bank equity capital
  • $10,375Perpetual preferred stock
  • $0Common stock
  • $2,850Surplus
  • $6,800Undivided profits
  • Memoranda
  • $725Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $514Income earned, not collected on loans
  • $428Earning assets
  • $166,697Long-term assets (5+ years)
  • $23,384Average Assets, year-to-date
  • $183,149Average Assets, quarterly
  • $178,573Volatile liabilities
  • $7,617Insider loans
  • $3FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $168,074Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,375Total risk weighted assets
  • $111,178Total unused commitments
  • $0Restructured Loans and leases
  • $13,500Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,790Total interest expense
  • $6,110Net interest income
  • $5,680Provision for loan and lease losses
  • $1,169Total noninterest income
  • $1,914Fiduciary activities
  • $0Service charges on deposit accounts
  • $632Trading account gains & fees
  • $0Additional noninterest income
  • $1,282Total noninterest expense
  • $6,788Salaries and employee benefits
  • $1,921Premises and equipment expense
  • $887Additional noninterest expense
  • $3,980Pre-tax net operating income
  • -$363Securities gains (losses)
  • $0Applicable income taxes
  • -$62Income before extraordinary items
  • -$301Extraordinary gains - net
  • $267Net income attributable to bank
  • -$34Net charge-offs
  • $941Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.93%Cost of funding earning assets
  • 3.59%Net interest margin
  • 3.34%Noninterest income to earning assets
  • 1.13%Noninterest expense to earning assets
  • 3.99%Net operating income to assets
  • -0.16%Return on assets (ROA)
  • -0.02%Pretax return on assets
  • -0.05%Return on equity (ROE)
  • -0.35%Retained earnings to average equity (YTD only)
  • -0.35%Net charge-offs to loans
  • 1.12%Credit loss provision to net charge-offs
  • 124.23%Efficiency ratio
  • 89,386Assets per employee
  • 3.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 209.14%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.46%Net loans and leases to deposits
  • 67.11%Net loans and leases to core deposits
  • 70.33%Equity capital to assets
  • 5.71%Core capital (leverage) ratio
  • 5.83%Tier 1 risk-based capital ratio
  • 9.33%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $183,149Average earning assets
  • $9,778Average equity
  • $170,036Average loans

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