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

This bank is inactive as of September 20, 1996

  • Goodhue State Bank in Goodhue, Minnesota (MN)
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Goodhue State Bank - Overview

  • General
  • FDIC Certificate #: 10579
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: White Rock Bank (#10168)
    Federal Reserve ID: 19150
    Date Established: January 01, 1914
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 6780
    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: September 20, 1996
    Last Structure Change Process Date: October 07, 1996
    Last Data Update: October 07, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Goodhue, MN 55027
    County: Goodhue
    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
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Red Wing, MN (#39860)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $24.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $12Total assets
  • $25,348Cash and due from depository institutions
  • $2,068Interest-bearing balances
  • $750Securities
  • $5,292Federal funds sold & reverse repurchase agreements
  • $2,075Net loans & leases
  • $14,725Loan loss allowance
  • $241Trading account assets
  • $0Bank premises and fixed assets
  • $226Other real estate owned
  • $0Goodwill and other intangibles
  • $962Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $25,348Total liabilities
  • $22,527Total deposits
  • $22,361Interest-bearing deposits
  • $18,942Deposits held in domestic offices
  • 22361.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $166Total equity capital
  • $166Total bank equity capital
  • $2,821Perpetual preferred stock
  • $0Common stock
  • $125Surplus
  • $2,125Undivided profits
  • Memoranda
  • $571Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $514Income earned, not collected on loans
  • $144Earning assets
  • $22,842Long-term assets (5+ years)
  • $2,976Average Assets, year-to-date
  • $25,481Average Assets, quarterly
  • $25,442Volatile liabilities
  • $2,024Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $907Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,821Total risk weighted assets
  • $18,395Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,019Total interest expense
  • $809Net interest income
  • $1,210Provision for loan and lease losses
  • $62Total noninterest income
  • $153Fiduciary activities
  • $0Service charges on deposit accounts
  • $83Trading account gains & fees
  • $0Additional noninterest income
  • $70Total noninterest expense
  • $820Salaries and employee benefits
  • $358Premises and equipment expense
  • $86Additional noninterest expense
  • $376Pre-tax net operating income
  • $481Securities gains (losses)
  • $0Applicable income taxes
  • $168Income before extraordinary items
  • $313Extraordinary gains - net
  • $0Net income attributable to bank
  • $313Net charge-offs
  • $105Cash dividends
  • $381Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.65%Cost of funding earning assets
  • 3.47%Net interest margin
  • 5.18%Noninterest income to earning assets
  • 0.66%Noninterest expense to earning assets
  • 3.51%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 1.23%Pretax return on assets
  • 1.89%Return on equity (ROE)
  • 10.56%Retained earnings to average equity (YTD only)
  • -2.29%Net charge-offs to loans
  • 0.64%Credit loss provision to net charge-offs
  • 59.05%Efficiency ratio
  • 60,161Assets per employee
  • 2.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 121.73%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 46.89%Noncurrent assets plus other real estate owned to assets
  • 2.03%Noncurrent loans to loans
  • 3.43%Net loans and leases to deposits
  • 65.85%Net loans and leases to core deposits
  • 72.40%Equity capital to assets
  • 11.13%Core capital (leverage) ratio
  • 11.19%Tier 1 risk-based capital ratio
  • 15.34%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $25,481Average earning assets
  • $2,963Average equity
  • $23,343Average loans

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