MidAmerica Bank in Newport, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 17, 1998

  • MidAmerica Bank in Newport, Minnesota (MN)
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MidAmerica Bank - Overview

  • General
  • FDIC Certificate #: 8195
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank Minnesota, National Association (#5208)
    Federal Reserve ID: 721051
    Date Established: January 01, 1920
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 12111
    FDIC's unique #: 5221
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 17, 1998
    Last Structure Change Process Date: November 05, 1998
    Last Data Update: November 05, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 2104 Hastings Avenue, Newport, MN 55055
    County: Washington
    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: $283.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 167Total employees (full-time equivalent)
  • $331,810Total assets
  • $22,725Cash and due from depository institutions
  • $939Interest-bearing balances
  • $59,547Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $236,100Net loans & leases
  • $2,316Loan loss allowance
  • $0Trading account assets
  • $6,982Bank premises and fixed assets
  • $79Other real estate owned
  • $3,446Goodwill and other intangibles
  • $0Life insurance assets
  • $2,931All other assets
  • $331,810Total liabilities and capital
  • $305,289Total liabilities
  • $273,778Total deposits
  • $216,261Interest-bearing deposits
  • $273,778Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $8,508Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $20,200Other borrowed funds
  • $0Subordinated debt
  • $2,803All other liabilities
  • $26,521Total equity capital
  • $26,521Total bank equity capital
  • $26,521Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $18,250Undivided profits
  • Memoranda
  • $5,271Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,224Earning assets
  • $585Long-term assets (5+ years)
  • $1,248Average Assets, year-to-date
  • $296,586Average Assets, quarterly
  • $31,888Volatile liabilities
  • $318,970Insider loans
  • $320,978FHLB advances
  • $51,640Loans and leases held for sale
  • $26Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,727Total risk weighted assets
  • $73,585Total unused commitments
  • $0Restructured Loans and leases
  • $248,110Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $25,303Total interest income
  • $8,432Total interest expense
  • $16,871Net interest income
  • $583Provision for loan and lease losses
  • $4,127Total noninterest income
  • $0Fiduciary activities
  • $1,821Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,306Additional noninterest income
  • $14,254Total noninterest expense
  • $7,341Salaries and employee benefits
  • $2,267Premises and equipment expense
  • $4,646Additional noninterest expense
  • $6,161Pre-tax net operating income
  • $16Securities gains (losses)
  • $2,415Applicable income taxes
  • $3,762Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,762Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $254Sale, conversion, retirement of capital stock, net
  • $2,225Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.89%Yield on earning assets
  • 2.96%Cost of funding earning assets
  • 5.93%Net interest margin
  • 1.45%Noninterest income to earning assets
  • 5.01%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.94%Pretax return on assets
  • 15.09%Return on equity (ROE)
  • 6.16%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 229.53%Credit loss provision to net charge-offs
  • 26.55%Efficiency ratio
  • 67,187Assets per employee
  • 1.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.14%Loss allowance to loans
  • 0.97%Loss allowance to noncurrent loans
  • 44.33%Noncurrent assets plus other real estate owned to assets
  • 1.60%Noncurrent loans to loans
  • 2.19%Net loans and leases to deposits
  • 86.24%Net loans and leases to core deposits
  • 94.12%Equity capital to assets
  • 7.99%Core capital (leverage) ratio
  • 7.50%Tier 1 risk-based capital ratio
  • 9.30%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $318,970Average earning assets
  • $24,937Average equity
  • $284,742Average loans

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