Lake Country State Bank in Long Prairie, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 22, 2008

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 24Total employees (full-time equivalent)
  • $74,501Total assets
  • $2,292Cash and due from depository institutions
  • $31Interest-bearing balances
  • $23,769Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $38,081Net loans & leases
  • $555Loan loss allowance
  • $0Trading account assets
  • $3,096Bank premises and fixed assets
  • $411Other real estate owned
  • $5,842Goodwill and other intangibles
  • $0Life insurance assets
  • $1,010All other assets
  • $74,501Total liabilities and capital
  • $62,016Total liabilities
  • $56,530Total deposits
  • $48,149Interest-bearing deposits
  • $56,530Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $200Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,900Other borrowed funds
  • $0Subordinated debt
  • $386All other liabilities
  • $12,485Total equity capital
  • $12,485Total bank equity capital
  • $12,485Perpetual preferred stock
  • $0Common stock
  • $85Surplus
  • $12,048Undivided profits
  • Memoranda
  • $352Noncurrent loans and leases
  • $3,630Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $307Earning assets
  • $0Long-term assets (5+ years)
  • $551Average Assets, year-to-date
  • $61,881Average Assets, quarterly
  • $19,267Volatile liabilities
  • $79,757Insider loans
  • $75,913FHLB advances
  • $15,276Loans and leases held for sale
  • $0Unused loan commitments
  • $4,900Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,630Total unused commitments
  • $0Restructured Loans and leases
  • $555Derivatives

Income and Expense (December 31, 2007)

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

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 1.92%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 1.06%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 1.00%Noninterest expense to earning assets
  • 0.05%Net operating income to assets
  • 0.05%Return on assets (ROA)
  • 0.05%Pretax return on assets
  • 0.39%Return on equity (ROE)
  • 0.39%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 130.95%Credit loss provision to net charge-offs
  • 1.76%Efficiency ratio
  • 82,547Assets per employee
  • 3.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 180.78%Noncurrent assets plus other real estate owned to assets
  • 0.96%Noncurrent loans to loans
  • 0.79%Net loans and leases to deposits
  • 67.36%Net loans and leases to core deposits
  • 83.96%Equity capital to assets
  • 16.76%Core capital (leverage) ratio
  • 9.11%Tier 1 risk-based capital ratio
  • 13.83%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $79,757Average earning assets
  • $9,639Average equity
  • $70,319Average loans

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