FDIC Certificate #: 8830 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Southeast Bank (#10576) Federal Reserve ID: 946452 Date Established: December 22, 1917 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 5625 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: January 01, 1999 Last Structure Change Process Date: Febuary 26, 1999 Last Data Update: Febuary 26, 1999 Data Source Date: April 05, 2012
Location
Address: 50 Main Street, Granger, MN 55939 County: Fillmore 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
Financial Summary
Total assets: $6.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
4Total employees (full-time equivalent)
$6,445Total assets
$199Cash and due from depository institutions
$0Interest-bearing balances
$484Securities
$485Federal funds sold & reverse repurchase agreements
$4,998Net loans & leases
$142Loan loss allowance
$0Trading account assets
$74Bank premises and fixed assets
$34Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$171All other assets
$6,445Total liabilities and capital
$5,820Total liabilities
$5,763Total deposits
$5,086Interest-bearing deposits
$5,763Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$57All other liabilities
$625Total equity capital
$625Total bank equity capital
$625Perpetual preferred stock
$0Common stock
$25Surplus
$475Undivided profits
Memoranda
$125Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$153Earning assets
$0Long-term assets (5+ years)
$150Average Assets, year-to-date
$5,967Average Assets, quarterly
$0Volatile liabilities
$6,236Insider loans
$6,457FHLB advances
$1,360Loans and leases held for sale
$80Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$752Total unused commitments
$0Restructured Loans and leases
$5,474Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$556Total interest income
$271Total interest expense
$285Net interest income
$27Provision for loan and lease losses
$39Total noninterest income
$0Fiduciary activities
$35Service charges on deposit accounts
$0Trading account gains & fees
$4Additional noninterest income
$215Total noninterest expense
$110Salaries and employee benefits
$26Premises and equipment expense
$79Additional noninterest expense
$82Pre-tax net operating income
$0Securities gains (losses)
$7Applicable income taxes
$75Income before extraordinary items
$0Extraordinary gains - net
$75Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$48Sale, conversion, retirement of capital stock, net
$20Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.56%Yield on earning assets
4.66%Cost of funding earning assets
4.90%Net interest margin
0.67%Noninterest income to earning assets
3.70%Noninterest expense to earning assets
1.20%Net operating income to assets
1.20%Return on assets (ROA)
1.31%Pretax return on assets
12.34%Return on equity (ROE)
9.05%Retained earnings to average equity (YTD only)
0.97%Net charge-offs to loans
56.25%Credit loss provision to net charge-offs
2.27%Efficiency ratio
66,358Assets per employee
1.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
26.67%Loss allowance to loans
2.76%Loss allowance to noncurrent loans
92.81%Noncurrent assets plus other real estate owned to assets
2.90%Noncurrent loans to loans
2.98%Net loans and leases to deposits
86.73%Net loans and leases to core deposits
113.51%Equity capital to assets
9.70%Core capital (leverage) ratio
9.43%Tier 1 risk-based capital ratio
11.42%Total risk-based capital ratio
Memoranda
$13Average assets
$6,236Average earning assets
$608Average equity
$5,817Average loans
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