First Community Bank in Savage, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 08, 2008

  • First Community Bank in Savage, Minnesota (MN)
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First Community Bank - Overview

  • General
  • FDIC Certificate #: 8852
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: KleinBank (#1414)
    Federal Reserve ID: 48552
    Date Established: September 04, 1906
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 15678
    FDIC's unique #: 5647
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 08, 2008
    Last Structure Change Process Date: April 03, 2008
    Last Data Update: April 03, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 14141 Glendale Road, Savage, MN 55378
    County: Scott
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • Financial Summary
  • Total assets: $120.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 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, 2007)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $120,096Total assets
  • $6,906Cash and due from depository institutions
  • $105Interest-bearing balances
  • $18,786Securities
  • $5,500Federal funds sold & reverse repurchase agreements
  • $86,261Net loans & leases
  • $1,140Loan loss allowance
  • $0Trading account assets
  • $335Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $1,206Life insurance assets
  • $2,308All other assets
  • $120,096Total liabilities and capital
  • $108,961Total liabilities
  • $99,478Total deposits
  • $73,790Interest-bearing deposits
  • $99,478Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,745Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,200Other borrowed funds
  • $0Subordinated debt
  • $1,538All other liabilities
  • $11,135Total equity capital
  • $11,135Total bank equity capital
  • $11,135Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $7,910Undivided profits
  • Memoranda
  • $3,125Noncurrent loans and leases
  • $21,365Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $635Average Assets, year-to-date
  • $110,652Average Assets, quarterly
  • $10,867Volatile liabilities
  • $117,309Insider loans
  • $119,230FHLB advances
  • $18,484Loans and leases held for sale
  • $103Unused loan commitments
  • $1,800Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $21,365Total unused commitments
  • $0Restructured Loans and leases
  • $1,140Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $7,790Total interest income
  • $2,996Total interest expense
  • $4,794Net interest income
  • $110Provision for loan and lease losses
  • $455Total noninterest income
  • $0Fiduciary activities
  • $264Service charges on deposit accounts
  • $0Trading account gains & fees
  • $191Additional noninterest income
  • $2,982Total noninterest expense
  • $1,983Salaries and employee benefits
  • $562Premises and equipment expense
  • $437Additional noninterest expense
  • $2,157Pre-tax net operating income
  • $1Securities gains (losses)
  • $3Applicable income taxes
  • $2,155Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,155Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1Sale, conversion, retirement of capital stock, net
  • $1,680Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.17%Yield on earning assets
  • 2.76%Cost of funding earning assets
  • 4.41%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 2.75%Noninterest expense to earning assets
  • 1.84%Net operating income to assets
  • 1.84%Return on assets (ROA)
  • 1.84%Pretax return on assets
  • 19.57%Return on equity (ROE)
  • 4.31%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 11000.00%Credit loss provision to net charge-offs
  • 2267.00%Efficiency ratio
  • 56,811Assets per employee
  • 7.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.96%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 86.71%Net loans and leases to core deposits
  • 98.99%Equity capital to assets
  • 9.27%Core capital (leverage) ratio
  • 9.27%Tier 1 risk-based capital ratio
  • 11.08%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $117,309Average earning assets
  • $11,011Average equity
  • $108,598Average loans

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