First Federal Savings and Loan Association of Hastings in Hastings, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1994

  • First Federal Savings and Loan Association of Hastings in Hastings, Minnesota (MN)
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First Federal Savings and Loan Association of Hastings - Overview

  • General
  • FDIC Certificate #: 31554
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: MidCountry Bank (#28865)
    Federal Reserve ID: 553878
    Date Established: January 01, 1881
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7170
    FDIC's unique #: 44388
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: May 15, 1968
    Last Structure Change Effective Date: September 30, 1994
    Last Structure Change Process Date: November 18, 1994
    Last Data Update: November 18, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 1320 Frontage Road South, Hastings, MN 55033
    County: Dakota
    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: $46.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $21Total assets
  • $42,156Cash and due from depository institutions
  • $1,457Interest-bearing balances
  • $574Securities
  • $76Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $38,397Loan loss allowance
  • $216Trading account assets
  • $0Bank premises and fixed assets
  • $1,310Other real estate owned
  • $0Goodwill and other intangibles
  • $916Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $42,156Total liabilities
  • $39,216Total deposits
  • $36,576Interest-bearing deposits
  • $36,299Deposits held in domestic offices
  • 36576.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,437Subordinated debt
  • $0All other liabilities
  • $203Total equity capital
  • $203Total bank equity capital
  • $2,940Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $2,940Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8Income earned, not collected on loans
  • $186Earning assets
  • $39,047Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $41,976Average Assets, quarterly
  • $42,757Volatile liabilities
  • $3,905Insider loans
  • $172FHLB advances
  • $2,437Loans and leases held for sale
  • $0Unused loan commitments
  • $1,239Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,940Total risk weighted assets
  • $24,497Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,028Total interest expense
  • $1,617Net interest income
  • $1,411Provision for loan and lease losses
  • $36Total noninterest income
  • $607Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $607Total noninterest expense
  • $1,321Salaries and employee benefits
  • $588Premises and equipment expense
  • $371Additional noninterest expense
  • $362Pre-tax net operating income
  • $661Securities gains (losses)
  • $0Applicable income taxes
  • $305Income before extraordinary items
  • $356Extraordinary gains - net
  • $0Net income attributable to bank
  • $356Net charge-offs
  • $7Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.81%Cost of funding earning assets
  • 4.17%Net interest margin
  • 3.64%Noninterest income to earning assets
  • 1.56%Noninterest expense to earning assets
  • 3.41%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 1.57%Return on equity (ROE)
  • 12.88%Retained earnings to average equity (YTD only)
  • 12.88%Net charge-offs to loans
  • 0.02%Credit loss provision to net charge-offs
  • 514.29%Efficiency ratio
  • 65,461Assets per employee
  • 2.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.56%Loss allowance to noncurrent loans
  • 2700.00%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 104.98%Net loans and leases to core deposits
  • 109.37%Equity capital to assets
  • 6.97%Core capital (leverage) ratio
  • 6.97%Tier 1 risk-based capital ratio
  • 12.00%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $41,976Average earning assets
  • $2,764Average equity
  • $38,792Average loans

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