First State Bank Chokio in Chokio, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 15, 1993

  • First State Bank Chokio in Chokio, Minnesota (MN)
  • Show street view No street view available for this location

First State Bank Chokio - Overview

  • General
  • FDIC Certificate #: 26831
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Farmers & Merchants State Bank (#8209)
    Federal Reserve ID: 402855
    Date Established: November 07, 1986
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 36057
    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: November 07, 1986
    Last Structure Change Effective Date: September 15, 1993
    Last Structure Change Process Date: September 21, 1993
    Last Data Update: September 21, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: Second And South Main Street, Chokio, MN 56221
    County: Stevens
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $10.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $6Total assets
  • $10,629Cash and due from depository institutions
  • $1,607Interest-bearing balances
  • $529Securities
  • $6,231Federal funds sold & reverse repurchase agreements
  • $36Net loans & leases
  • $2,506Loan loss allowance
  • $86Trading account assets
  • $0Bank premises and fixed assets
  • $87Other real estate owned
  • $0Goodwill and other intangibles
  • $162Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $10,629Total liabilities
  • $9,821Total deposits
  • $9,775Interest-bearing deposits
  • $8,305Deposits held in domestic offices
  • 9775.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $46Total equity capital
  • $46Total bank equity capital
  • $808Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $476Undivided profits
  • Memoranda
  • $32Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13Income earned, not collected on loans
  • $45Earning assets
  • $9,302Long-term assets (5+ years)
  • $2,001Average Assets, year-to-date
  • $10,425Average Assets, quarterly
  • $10,202Volatile liabilities
  • $232Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $808Total risk weighted assets
  • $6,323Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $226Total interest expense
  • $105Net interest income
  • $121Provision for loan and lease losses
  • $0Total noninterest income
  • $20Fiduciary activities
  • $0Service charges on deposit accounts
  • $7Trading account gains & fees
  • $0Additional noninterest income
  • $13Total noninterest expense
  • $109Salaries and employee benefits
  • $60Premises and equipment expense
  • $8Additional noninterest expense
  • $41Pre-tax net operating income
  • $32Securities gains (losses)
  • $0Applicable income taxes
  • $14Income before extraordinary items
  • $18Extraordinary gains - net
  • $14Net income attributable to bank
  • $32Net charge-offs
  • $0Cash 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
  • 2.42%Cost of funding earning assets
  • 1.13%Net interest margin
  • 1.30%Noninterest income to earning assets
  • 0.21%Noninterest expense to earning assets
  • 1.17%Net operating income to assets
  • 0.17%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 0.44%Return on equity (ROE)
  • 4.06%Retained earnings to average equity (YTD only)
  • 4.06%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 77,305Assets per employee
  • 1.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.32%Loss allowance to noncurrent loans
  • 661.54%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 0.50%Net loans and leases to deposits
  • 25.64%Net loans and leases to core deposits
  • 26.26%Equity capital to assets
  • 7.60%Core capital (leverage) ratio
  • 7.93%Tier 1 risk-based capital ratio
  • 12.78%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $10,425Average earning assets
  • $788Average equity
  • $9,328Average loans

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