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

This bank is inactive as of May 31, 2005

  • First State Bank of Audubon in Detroit Lakes, Minnesota (MN)
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First State Bank of Audubon - Overview

  • General
  • FDIC Certificate #: 9739
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: State Bank & Trust (#19581)
    Federal Reserve ID: 331656
    Date Established: January 01, 1896
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 6228
    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: January 01, 1934
    Last Structure Change Effective Date: May 31, 2005
    Last Structure Change Process Date: June 14, 2005
    Last Data Update: June 14, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 920 Lake Avenue, Detroit Lakes, MN 56501
    County: Becker
    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: $11.7 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, 2004)

  • Dollar figures in thousands
  • 6Total employees (full-time equivalent)
  • $12,169Total assets
  • $538Cash and due from depository institutions
  • $99Interest-bearing balances
  • $4,068Securities
  • $1,330Federal funds sold & reverse repurchase agreements
  • $4,875Net loans & leases
  • $101Loan loss allowance
  • $0Trading account assets
  • $179Bank premises and fixed assets
  • $0Other real estate owned
  • $1,085Goodwill and other intangibles
  • $0Life insurance assets
  • $94All other assets
  • $12,169Total liabilities and capital
  • $9,894Total liabilities
  • $9,849Total deposits
  • $7,617Interest-bearing deposits
  • $9,849Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $45All other liabilities
  • $2,275Total equity capital
  • $2,275Total bank equity capital
  • $2,275Perpetual preferred stock
  • $0Common stock
  • $30Surplus
  • $2,273Undivided profits
  • Memoranda
  • $-28Noncurrent loans and leases
  • $228Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3Earning assets
  • $0Long-term assets (5+ years)
  • $58Average Assets, year-to-date
  • $10,372Average Assets, quarterly
  • $610Volatile liabilities
  • $10,971Insider loans
  • $11,547FHLB advances
  • $353Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $228Total unused commitments
  • $0Restructured Loans and leases
  • $74Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $86Total interest income
  • $26Total interest expense
  • $60Net interest income
  • $0Provision for loan and lease losses
  • $19Total noninterest income
  • $0Fiduciary activities
  • $15Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4Additional noninterest income
  • $84Total noninterest expense
  • $42Salaries and employee benefits
  • $10Premises and equipment expense
  • $32Additional noninterest expense
  • -$5Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$5Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.85%Yield on earning assets
  • 0.26%Cost of funding earning assets
  • 0.59%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 0.83%Noninterest expense to earning assets
  • -0.05%Net operating income to assets
  • -0.05%Return on assets (ROA)
  • -0.05%Pretax return on assets
  • -0.35%Return on equity (ROE)
  • -0.35%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • -0.83%Efficiency ratio
  • 106,329Assets per employee
  • 2.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.03%Loss allowance to noncurrent loans
  • 3366.67%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 49.50%Net loans and leases to core deposits
  • 51.34%Equity capital to assets
  • 18.70%Core capital (leverage) ratio
  • 11.32%Tier 1 risk-based capital ratio
  • 20.48%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $10,971Average earning assets
  • $1,442Average equity
  • $10,154Average loans

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