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

This bank is inactive as of July 01, 1993

First State Bank of Gilman, Incorporated in Gilman, Minnesota (MN)
Show street view No street view available for this location

First State Bank of Gilman, Incorporated - Overview

General
FDIC Certificate #: 13554
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Rural American Bank - Foley (#10209)
Federal Reserve ID: 18658
Date Established: May 03, 1916
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 8475
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: July 01, 1993
Last Structure Change Process Date: July 15, 1993
Last Data Update: July 15, 1993
Data Source Date: April 05, 2012
Location
Address: Main Street, Gilman, MN 56333
County: Benton
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): St. Cloud, MN (#6980)
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
CBSA Metro Statistical Area: St. Cloud, MN (#41060)
Financial Summary
Total assets: $16.8 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$18,022Cash and due from depository institutions
$1,144Interest-bearing balances
$543Securities
$7,372Federal funds sold & reverse repurchase agreements
$1,590Net loans & leases
$7,588Loan loss allowance
$117Trading account assets
$0Bank premises and fixed assets
$105Other real estate owned
$0Goodwill and other intangibles
$223Life insurance assets
$0All other assets
$0Total liabilities and capital
$18,022Total liabilities
$16,872Total deposits
$15,238Interest-bearing deposits
$13,800Deposits held in domestic offices
15238.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,634Total equity capital
$1,634Total bank equity capital
$1,150Perpetual preferred stock
$0Common stock
$75Surplus
$500Undivided profits
Memoranda
$575Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$48Income earned, not collected on loans
$67Earning assets
$17,093Long-term assets (5+ years)
$3,946Average Assets, year-to-date
$17,694Average Assets, quarterly
$17,805Volatile liabilities
$200Insider loans
$36FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,150Total risk weighted assets
$9,262Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$1,501Total interest expense
$669Net interest income
$832Provision for loan and lease losses
$18Total noninterest income
$83Fiduciary activities
$0Service charges on deposit accounts
$35Trading account gains & fees
$0Additional noninterest income
$48Total noninterest expense
$544Salaries and employee benefits
$362Premises and equipment expense
$35Additional noninterest expense
$147Pre-tax net operating income
$353Securities gains (losses)
-$11Applicable income taxes
$91Income before extraordinary items
$251Extraordinary gains - net
$0Net income attributable to bank
$251Net charge-offs
-$2Cash dividends
$1,530Sale, 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
8.90%Cost of funding earning assets
3.97%Net interest margin
4.93%Noninterest income to earning assets
0.49%Noninterest expense to earning assets
3.22%Net operating income to assets
1.46%Return on assets (ROA)
1.42%Pretax return on assets
1.93%Return on equity (ROE)
11.17%Retained earnings to average equity (YTD only)
-56.93%Net charge-offs to loans
-0.03%Credit loss provision to net charge-offs
-900.00%Efficiency ratio
59,454Assets per employee
2.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
609.56%Loss allowance to loans
1.52%Loss allowance to noncurrent loans
243.75%Noncurrent assets plus other real estate owned to assets
0.27%Noncurrent loans to loans
0.62%Net loans and leases to deposits
49.80%Net loans and leases to core deposits
50.46%Equity capital to assets
6.38%Core capital (leverage) ratio
6.45%Tier 1 risk-based capital ratio
12.42%Total risk-based capital ratio
Memoranda
$14Average assets
$17,694Average earning assets
$2,247Average equity
$16,870Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First State Bank of Gilman, Incorporated.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.