Lake Country State Bank in Long Prairie, Minnesota (MN)

Show street view No street view available for this location
Table of contents:
Lake Country State Bank
GeneralFDIC Certificate #: 10164
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Minnesota National Bank (#5249)
Federal Reserve ID: 96357
Date Established: Febuary 01, 1917
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 11596
FDIC's unique #: 6505
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: March 22, 2008
Last Structure Change Process Date: April 01, 2008
Last Data Update: April 01, 2008
Data Source Date: April 05, 2012
LocationAddress: 706 South Lake Street, Long Prairie, MN 56347
County: Todd
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Financial SummaryTotal assets: $74.5 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, 2007)
(Dollar figures in thousands)
Total employees (full-time equivalent)24
Total assets$74,501
Cash and due from depository institutions$2,292
Interest-bearing balances$31
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$38,081
Loan loss allowance $555
Trading account assets$0
Bank premises and fixed assets$3,096
Other real estate owned$411
Goodwill and other intangibles$5,842
All other assets$1,010
Life insurance assets$0
Total liabilities and capital$74,501
Total liabilities$62,016
Total deposits$56,530
Interest-bearing deposits$48,149
Deposits held in domestic offices$56,530
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $200
Trading liabilities$0
Other borrowed funds $4,900
Subordinated debt $0
All other liabilities $386
Total equity capital$12,485
Total bank equity capital$12,485
Perpetual preferred stock$12,485
Common stock$0
Undivided profits $12,048
Noncurrent loans and leases $352
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $3,630
Income earned, not collected on loans $0
Earning assets $307
Long-term assets (5+ years) $0
Average Assets, year-to-date $551
Average Assets, quarterly $61,881
Volatile liabilities $19,267
Insider loans $79,757
FHLB advances $75,913
Loans and leases held for sale $15,276
Unused loan commitments $0
Tier 1 (core) risk-based capital $4,900
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $3,630
Restructured Loans and leases $0
Back to page top, Back to table top

Income and Expense (December 31, 2007)
(Dollar figures in thousands)
Total interest income $1,347
Total interest expense $599
Net interest income $748
Provision for loan and lease losses $110
Total noninterest income $100
Fiduciary activities $0
Service charges on deposit accounts $69
Trading account gains & fees $0
Additional noninterest income $31
Total noninterest expense $700
Salaries and employee benefits $309
Premises and equipment expense $119
Additional noninterest expense $272
Pre-tax net operating income $38
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $38
Extraordinary gains - net $0
Net income attributable to bank $38
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $84
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2007)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets1.92%
Cost of funding earning assets 0.85%
Net interest margin 1.06%
Noninterest income to earning assets 0.14%
Noninterest expense to earning assets 1.00%
Net operating income to assets 0.05%
Return on assets (ROA) 0.05%
Pretax return on assets 0.05%
Return on equity (ROE) 0.39%
Retained earnings to average equity (YTD only) 0.39%
Net charge-offs to loans 0.18%
Credit loss provision to net charge-offs 130.95%
Efficiency ratio1.76%
Assets per employee$82,547
Cash dividends to net income (YTD only)3.10%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.44%
Noncurrent assets plus other real estate owned to assets 180.78%
Noncurrent loans to loans 0.96%
Net loans and leases to deposits0.79%
Net loans and leases to core deposits 67.36%
Equity capital to assets 83.96%
Core capital (leverage) ratio 16.76%
Tier 1 risk-based capital ratio 9.11%
Total risk-based capital ratio 13.83%
Average assets$15
Average earning assets$79,757
Average equity $9,639
Average loans $70,319
Back to page top, Back to table top

User Contributions:

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 Lake Country State Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.