Jennings State Bank in Spring Grove, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 02, 2009

  • Jennings State Bank in Spring Grove, Minnesota (MN)
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Jennings State Bank - Overview

  • General
  • FDIC Certificate #: 11416
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Central Bank (#27234)
    Federal Reserve ID: 186650
    Date Established: January 01, 1890
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 7288
    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 02, 2009
    Last Structure Change Process Date: October 05, 2009
    Last Data Update: October 05, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 126 West Main Street, Spring Grove, MN 55974
    County: Houston
    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): La Crosse, WI-MN (#3870)
    Core Based Statistical Area (CBSA): La Crosse, WI-MN (#29100)
    CBSA Metro Statistical Area: La Crosse, WI-MN (#29100)
  • Financial Summary
  • Total assets: $52.3 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, 2008)

  • Dollar figures in thousands
  • 29Total employees (full-time equivalent)
  • $50,810Total assets
  • $1,115Cash and due from depository institutions
  • $3Interest-bearing balances
  • $6,240Securities
  • $3,383Federal funds sold & reverse repurchase agreements
  • $33,761Net loans & leases
  • $1,277Loan loss allowance
  • $0Trading account assets
  • $1,126Bank premises and fixed assets
  • $3,394Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,791All other assets
  • $50,810Total liabilities and capital
  • $47,757Total liabilities
  • $47,262Total deposits
  • $40,716Interest-bearing deposits
  • $47,262Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $83Other borrowed funds
  • $0Subordinated debt
  • $412All other liabilities
  • $3,053Total equity capital
  • $3,053Total bank equity capital
  • $3,053Perpetual preferred stock
  • $0Common stock
  • $124Surplus
  • $4,126Undivided profits
  • Memoranda
  • $-1,197Noncurrent loans and leases
  • $3,046Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,288Earning assets
  • $0Long-term assets (5+ years)
  • $414Average Assets, year-to-date
  • $43,387Average Assets, quarterly
  • $2,431Volatile liabilities
  • $49,239Insider loans
  • $50,665FHLB advances
  • $6,212Loans and leases held for sale
  • $1,062Unused loan commitments
  • $83Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,046Total unused commitments
  • $0Restructured Loans and leases
  • $494Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $2,846Total interest income
  • $1,168Total interest expense
  • $1,678Net interest income
  • $1,040Provision for loan and lease losses
  • $356Total noninterest income
  • $0Fiduciary activities
  • $260Service charges on deposit accounts
  • $0Trading account gains & fees
  • $96Additional noninterest income
  • $3,098Total noninterest expense
  • $1,360Salaries and employee benefits
  • $596Premises and equipment expense
  • $1,142Additional noninterest expense
  • -$2,104Pre-tax net operating income
  • $0Securities gains (losses)
  • -$852Applicable income taxes
  • -$1,252Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,252Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $725Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.91%Yield on earning assets
  • 2.84%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 7.53%Noninterest expense to earning assets
  • -2.54%Net operating income to assets
  • -2.54%Return on assets (ROA)
  • -4.27%Pretax return on assets
  • -34.13%Return on equity (ROE)
  • -34.13%Retained earnings to average equity (YTD only)
  • 1.99%Net charge-offs to loans
  • 143.45%Credit loss provision to net charge-offs
  • -1.47%Efficiency ratio
  • 152,311Assets per employee
  • 1.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.64%Loss allowance to noncurrent loans
  • 29.78%Noncurrent assets plus other real estate owned to assets
  • 15.12%Noncurrent loans to loans
  • 12.24%Net loans and leases to deposits
  • 71.43%Net loans and leases to core deposits
  • 82.24%Equity capital to assets
  • 6.01%Core capital (leverage) ratio
  • 4.48%Tier 1 risk-based capital ratio
  • 5.79%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $49,239Average earning assets
  • $3,668Average equity
  • $41,167Average loans

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