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

This bank is inactive as of October 01, 2011

First State Bank of Alexandria - Overview

  • General
  • FDIC Certificate #: 10207
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BlackRidgeBANK (#58580)
    Federal Reserve ID: 400758
    Date Established: September 09, 1904
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 6546
    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: October 01, 2011
    Last Structure Change Process Date: November 29, 2011
    Last Data Update: November 29, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3313 Highway 29 South, Alexandria, MN 56308
    County: Douglas
    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
    Core Based Statistical Area (CBSA): Alexandria, MN (#10820)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $110.6 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, 2010)

  • Dollar figures in thousands
  • 28Total employees (full-time equivalent)
  • $116,433Total assets
  • $1,703Cash and due from depository institutions
  • $13Interest-bearing balances
  • $13,584Securities
  • $2,956Federal funds sold & reverse repurchase agreements
  • $84,788Net loans & leases
  • $1,033Loan loss allowance
  • $0Trading account assets
  • $2,541Bank premises and fixed assets
  • $986Other real estate owned
  • $8,475Goodwill and other intangibles
  • $0Life insurance assets
  • $1,400All other assets
  • $116,433Total liabilities and capital
  • $98,655Total liabilities
  • $98,185Total deposits
  • $84,774Interest-bearing deposits
  • $98,185Deposits held in domestic offices
  • 97.07%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $470All other liabilities
  • $17,778Total equity capital
  • $17,778Total bank equity capital
  • $17,778Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $16,331Undivided profits
  • Memoranda
  • $1,347Noncurrent loans and leases
  • $8,861Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,431Earning assets
  • $0Long-term assets (5+ years)
  • $387Average Assets, year-to-date
  • $101,341Average Assets, quarterly
  • $25,550Volatile liabilities
  • $115,158Insider loans
  • $116,775FHLB advances
  • $14,501Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,861Total unused commitments
  • $0Restructured Loans and leases
  • $1,033Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $5,807Total interest income
  • $1,508Total interest expense
  • $4,299Net interest income
  • $240Provision for loan and lease losses
  • $505Total noninterest income
  • $0Fiduciary activities
  • $226Service charges on deposit accounts
  • $0Trading account gains & fees
  • $279Additional noninterest income
  • $3,031Total noninterest expense
  • $1,393Salaries and employee benefits
  • $430Premises and equipment expense
  • $1,208Additional noninterest expense
  • $1,533Pre-tax net operating income
  • $0Securities gains (losses)
  • $589Applicable income taxes
  • $944Income before extraordinary items
  • $0Extraordinary gains - net
  • $944Net income attributable to bank
  • $0Net charge-offs
  • $944Cash dividends
  • $261Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.81%Yield on earning assets
  • 1.51%Cost of funding earning assets
  • 4.30%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 3.04%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.33%Pretax return on assets
  • 5.29%Return on equity (ROE)
  • -0.31%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 91.95%Credit loss provision to net charge-offs
  • 6.79%Efficiency ratio
  • 60,970Assets per employee
  • 4.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 105.93%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 30.11%Noncurrent assets plus other real estate owned to assets
  • 3.79%Noncurrent loans to loans
  • 4.00%Net loans and leases to deposits
  • 86.36%Net loans and leases to core deposits
  • 101.32%Equity capital to assets
  • 15.27%Core capital (leverage) ratio
  • 8.46%Tier 1 risk-based capital ratio
  • 10.56%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $115,158Average earning assets
  • $17,831Average equity
  • $99,863Average loans

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