FDIC Certificate #: 34315 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Thrivent Financial Bank (#34799) Federal Reserve ID: 2515067 Date Established: November 18, 1996 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 13774 FDIC's unique #: 57074 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: November 18, 1996 Last Structure Change Effective Date: January 01, 2002 Last Structure Change Process Date: Febuary 21, 2002 Last Data Update: Febuary 21, 2002 Data Source Date: April 05, 2012
Location
Address: 730 2nd Avenue South, Suite 295, Minneapolis, MN 55402 County: Hennepin 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): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial Summary
Total assets: $109.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
38Total employees (full-time equivalent)
$109,156Total assets
$6,239Cash and due from depository institutions
$5,160Interest-bearing balances
$2,485Securities
$0Federal funds sold & reverse repurchase agreements
$93,017Net loans & leases
$123Loan loss allowance
$0Trading account assets
$649Bank premises and fixed assets
$0Other real estate owned
$2,292Goodwill and other intangibles
$0Life insurance assets
$4,474All other assets
$109,156Total liabilities and capital
$91,729Total liabilities
$69,100Total deposits
$69,100Interest-bearing deposits
$69,100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$22,000Other borrowed funds
$0Subordinated debt
$629All other liabilities
$17,427Total equity capital
$17,427Total bank equity capital
$17,427Perpetual preferred stock
$0Common stock
$2,280Surplus
$18,897Undivided profits
Memoranda
$-3,750Noncurrent loans and leases
$11,873Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$18Earning assets
$0Long-term assets (5+ years)
$392Average Assets, year-to-date
$100,662Average Assets, quarterly
$0Volatile liabilities
$103,097Insider loans
$108,684FHLB advances
$43,802Loans and leases held for sale
$0Unused loan commitments
$22,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,873Total unused commitments
$0Restructured Loans and leases
$123Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$7,136Total interest income
$3,968Total interest expense
$3,168Net interest income
$42Provision for loan and lease losses
$384Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$384Additional noninterest income
$4,943Total noninterest expense
$2,725Salaries and employee benefits
$926Premises and equipment expense
$1,292Additional noninterest expense
-$1,433Pre-tax net operating income
$201Securities gains (losses)
-$455Applicable income taxes
-$777Income before extraordinary items
$0Extraordinary gains - net
-$777Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$65Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.59%Yield on earning assets
4.22%Cost of funding earning assets
3.37%Net interest margin
0.41%Noninterest income to earning assets
5.26%Noninterest expense to earning assets
-0.88%Net operating income to assets
-0.75%Return on assets (ROA)
-1.19%Pretax return on assets
-4.53%Return on equity (ROE)
-4.53%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
64.62%Credit loss provision to net charge-offs
-21.40%Efficiency ratio
136,092Assets per employee
2.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.13%Loss allowance to noncurrent loans
683.33%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.02%Net loans and leases to deposits
134.61%Net loans and leases to core deposits
196.66%Equity capital to assets
15.97%Core capital (leverage) ratio
12.58%Tier 1 risk-based capital ratio
17.46%Total risk-based capital ratio
Memoranda
$18Average assets
$103,097Average earning assets
$17,151Average equity
$93,976Average 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 LB Community Bank and Trust, fsb.
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.
Comment about this bank, ask questions, or add new information about it: