Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 28, 2009

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  • General
  • FDIC Certificate #: 10953
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Merchants Bank, National Association (#8866)
    Federal Reserve ID: 109855
    Date Established: January 01, 1857
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 7010
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 22, 1934
    Last Structure Change Effective Date: June 28, 2009
    Last Structure Change Process Date: June 30, 2009
    Last Data Update: June 30, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 115 West Washington Street, Caledonia, MN 55921
    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: $48.1 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
  • 11Total employees (full-time equivalent)
  • $49,585Total assets
  • $1,711Cash and due from depository institutions
  • $217Interest-bearing balances
  • $10,339Securities
  • $8,055Federal funds sold & reverse repurchase agreements
  • $27,281Net loans & leases
  • $416Loan loss allowance
  • $0Trading account assets
  • $420Bank premises and fixed assets
  • $0Other real estate owned
  • $154Goodwill and other intangibles
  • $967Life insurance assets
  • $1,625All other assets
  • $49,585Total liabilities and capital
  • $45,964Total liabilities
  • $39,743Total deposits
  • $34,813Interest-bearing deposits
  • $39,743Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $952Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,000Other borrowed funds
  • $0Subordinated debt
  • $269All other liabilities
  • $3,621Total equity capital
  • $3,621Total bank equity capital
  • $3,621Perpetual preferred stock
  • $0Common stock
  • $223Surplus
  • $1,668Undivided profits
  • Memoranda
  • $1,730Noncurrent loans and leases
  • $6,494Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $67Earning assets
  • $0Long-term assets (5+ years)
  • $267Average Assets, year-to-date
  • $45,892Average Assets, quarterly
  • $11,737Volatile liabilities
  • $47,901Insider loans
  • $49,245FHLB advances
  • $5,846Loans and leases held for sale
  • $379Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,494Total unused commitments
  • $0Restructured Loans and leases
  • $416Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $2,714Total interest income
  • $909Total interest expense
  • $1,805Net interest income
  • $22Provision for loan and lease losses
  • $401Total noninterest income
  • $0Fiduciary activities
  • $218Service charges on deposit accounts
  • $0Trading account gains & fees
  • $183Additional noninterest income
  • $1,246Total noninterest expense
  • $668Salaries and employee benefits
  • $105Premises and equipment expense
  • $473Additional noninterest expense
  • $938Pre-tax net operating income
  • $70Securities gains (losses)
  • $344Applicable income taxes
  • $664Income before extraordinary items
  • $0Extraordinary gains - net
  • $664Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $33Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.15%Yield on earning assets
  • 2.06%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • 1.29%Net operating income to assets
  • 1.39%Return on assets (ROA)
  • 2.10%Pretax return on assets
  • 14.84%Return on equity (ROE)
  • -29.86%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 66.67%Credit loss provision to net charge-offs
  • 29.09%Efficiency ratio
  • 56,482Assets per employee
  • 4.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 301.20%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 620.90%Noncurrent assets plus other real estate owned to assets
  • 0.14%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 68.64%Net loans and leases to core deposits
  • 78.28%Equity capital to assets
  • 7.30%Core capital (leverage) ratio
  • 7.06%Tier 1 risk-based capital ratio
  • 10.24%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $47,901Average earning assets
  • $4,475Average equity
  • $44,142Average loans

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