First National Bank of Luverne in Luverne, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 06, 2004

  • First National Bank of Luverne in Luverne, Minnesota (MN)
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First National Bank of Luverne - Overview

  • General
  • FDIC Certificate #: 4015
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Bank & Trust, National Association (#5227)
    Federal Reserve ID: 2948245
    Date Established: January 01, 1894
    WWW: http://www.fnbluv.com
    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)
    OTS Docket #: 13077
    FDIC's unique #: 2601
    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: Febuary 06, 2004
    Last Structure Change Process Date: March 08, 2004
    Last Data Update: March 08, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 800 S. Kniss, Luverne, MN 56156
    County: Rock
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $24.2 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, 2003)

  • Dollar figures in thousands
  • 10Total employees (full-time equivalent)
  • $24,235Total assets
  • $2,200Cash and due from depository institutions
  • $56Interest-bearing balances
  • $9,075Securities
  • $575Federal funds sold & reverse repurchase agreements
  • $11,763Net loans & leases
  • $297Loan loss allowance
  • $0Trading account assets
  • $149Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $473All other assets
  • $24,235Total liabilities and capital
  • $21,586Total liabilities
  • $21,456Total deposits
  • $18,457Interest-bearing deposits
  • $21,456Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $130All other liabilities
  • $2,649Total equity capital
  • $2,649Total bank equity capital
  • $2,649Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $2,195Undivided profits
  • Memoranda
  • $254Noncurrent loans and leases
  • $2,470Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $265Earning assets
  • $0Long-term assets (5+ years)
  • $180Average Assets, year-to-date
  • $21,469Average Assets, quarterly
  • $5,800Volatile liabilities
  • $25,248Insider loans
  • $24,726FHLB advances
  • $1,544Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,470Total unused commitments
  • $0Restructured Loans and leases
  • $228Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $1,457Total interest income
  • $521Total interest expense
  • $936Net interest income
  • $101Provision for loan and lease losses
  • $176Total noninterest income
  • $0Fiduciary activities
  • $151Service charges on deposit accounts
  • $0Trading account gains & fees
  • $25Additional noninterest income
  • $801Total noninterest expense
  • $358Salaries and employee benefits
  • $88Premises and equipment expense
  • $355Additional noninterest expense
  • $210Pre-tax net operating income
  • $0Securities gains (losses)
  • $67Applicable income taxes
  • $143Income before extraordinary items
  • $0Extraordinary gains - net
  • $143Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $8Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.48%Yield on earning assets
  • 2.32%Cost of funding earning assets
  • 4.16%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 3.56%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.83%Pretax return on assets
  • 4.73%Return on equity (ROE)
  • -0.23%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 1262.50%Credit loss provision to net charge-offs
  • 38.88%Efficiency ratio
  • 72,032Assets per employee
  • 2.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 104.90%Loss allowance to loans
  • 2.46%Loss allowance to noncurrent loans
  • 112.08%Noncurrent assets plus other real estate owned to assets
  • 1.09%Noncurrent loans to loans
  • 2.20%Net loans and leases to deposits
  • 54.82%Net loans and leases to core deposits
  • 59.07%Equity capital to assets
  • 10.93%Core capital (leverage) ratio
  • 10.76%Tier 1 risk-based capital ratio
  • 14.63%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $25,248Average earning assets
  • $3,023Average equity
  • $22,495Average loans

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