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

This bank is inactive as of October 17, 1998

MidAmerica Bank South in Mankato, Minnesota (MN)
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MidAmerica Bank South - Overview

General
FDIC Certificate #: 14582
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Norwest Bank Minnesota South, National Association (#5237)
Federal Reserve ID: 63153
Date Established: July 11, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 12192
FDIC's unique #: 9115
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: July 11, 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: 107 North Second Street, Mankato, MN 56001
County: Blue Earth
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Mankato
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Mankato-North Mankato, MN (#31860)
CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860)
Financial Summary
Total assets: $113.8 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
33Total employees (full-time equivalent)
$127,018Total assets
$7,722Cash and due from depository institutions
$36Interest-bearing balances
$18,498Securities
$5,025Federal funds sold & reverse repurchase agreements
$92,721Net loans & leases
$602Loan loss allowance
$0Trading account assets
$966Bank premises and fixed assets
$290Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,796All other assets
$127,018Total liabilities and capital
$118,499Total liabilities
$113,215Total deposits
$99,612Interest-bearing deposits
$113,215Deposits held in domestic offices
0.00%% insured (estimated)
$585Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,400Other borrowed funds
$0Subordinated debt
$1,299All other liabilities
$8,519Total equity capital
$8,519Total bank equity capital
$8,519Perpetual preferred stock
$0Common stock
$2,000Surplus
$4,750Undivided profits
Memoranda
$1,769Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$345Earning assets
$62Long-term assets (5+ years)
$1,110Average Assets, year-to-date
$116,280Average Assets, quarterly
$8,776Volatile liabilities
$120,634Insider loans
$126,011FHLB advances
$20,043Loans and leases held for sale
$35Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,124Total risk weighted assets
$11,081Total unused commitments
$0Restructured Loans and leases
$94,019Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$9,291Total interest income
$4,543Total interest expense
$4,748Net interest income
$127Provision for loan and lease losses
$622Total noninterest income
$0Fiduciary activities
$276Service charges on deposit accounts
$0Trading account gains & fees
$346Additional noninterest income
$2,714Total noninterest expense
$1,166Salaries and employee benefits
$463Premises and equipment expense
$1,085Additional noninterest expense
$2,529Pre-tax net operating income
$2Securities gains (losses)
$273Applicable income taxes
$2,258Income before extraordinary items
$0Extraordinary gains - net
$2,258Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$125Sale, conversion, retirement of capital stock, net
$1,273Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.29%Yield on earning assets
4.05%Cost of funding earning assets
4.24%Net interest margin
0.55%Noninterest income to earning assets
2.42%Noninterest expense to earning assets
1.87%Net operating income to assets
1.87%Return on assets (ROA)
2.10%Pretax return on assets
29.21%Return on equity (ROE)
12.74%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
101.60%Credit loss provision to net charge-offs
21.25%Efficiency ratio
50,540Assets per employee
3.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
56.38%Loss allowance to loans
0.65%Loss allowance to noncurrent loans
174.49%Noncurrent assets plus other real estate owned to assets
0.50%Noncurrent loans to loans
0.37%Net loans and leases to deposits
81.90%Net loans and leases to core deposits
95.43%Equity capital to assets
6.71%Core capital (leverage) ratio
6.99%Tier 1 risk-based capital ratio
9.10%Total risk-based capital ratio
Memoranda
$10Average assets
$120,634Average earning assets
$7,730Average equity
$112,078Average loans

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