Midwest Bank, National Association in Parkers Prairie, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 13, 2006

Midwest Bank, National Association in Parkers Prairie, Minnesota (MN)
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Midwest Bank, National Association - Overview

General
FDIC Certificate #: 5224
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Midwest Bank (#9737)
Federal Reserve ID: 815950
Date Established: May 03, 1903
WWW: http://www.midwestbank.net
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
OTS Docket #: 15559
FDIC's unique #: 3510
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: Febuary 13, 2006
Last Structure Change Process Date: March 07, 2006
Last Data Update: March 07, 2006
Data Source Date: April 05, 2012
Location
Address: 105 East Soo Street, Parkers Prairie, MN 56361
County: Otter Tail
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
Core Based Statistical Area (CBSA): Fergus Falls, MN (#22260)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $97.2 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, 2005)

Dollar figures in thousands
29Total employees (full-time equivalent)
$97,156Total assets
$2,591Cash and due from depository institutions
$0Interest-bearing balances
$2,277Securities
$0Federal funds sold & reverse repurchase agreements
$88,219Net loans & leases
$1,113Loan loss allowance
$0Trading account assets
$2,015Bank premises and fixed assets
$0Other real estate owned
$478Goodwill and other intangibles
$0Life insurance assets
$1,576All other assets
$97,156Total liabilities and capital
$88,358Total liabilities
$82,262Total deposits
$72,164Interest-bearing deposits
$82,262Deposits held in domestic offices
0.00%% insured (estimated)
$850Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,765Other borrowed funds
$0Subordinated debt
$481All other liabilities
$8,798Total equity capital
$8,798Total bank equity capital
$8,798Perpetual preferred stock
$0Common stock
$100Surplus
$3,950Undivided profits
Memoranda
$4,748Noncurrent loans and leases
$20,670Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,054Earning assets
$0Long-term assets (5+ years)
$609Average Assets, year-to-date
$90,496Average Assets, quarterly
$6,473Volatile liabilities
$93,420Insider loans
$96,369FHLB advances
$15,150Loans and leases held for sale
$0Unused loan commitments
$4,765Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$20,670Total unused commitments
$0Restructured Loans and leases
$1,113Derivatives

Income and Expense (December 31, 2005)

Dollar figures in thousands
$6,039Total interest income
$2,118Total interest expense
$3,921Net interest income
$315Provision for loan and lease losses
$453Total noninterest income
$0Fiduciary activities
$308Service charges on deposit accounts
$0Trading account gains & fees
$145Additional noninterest income
$2,586Total noninterest expense
$1,409Salaries and employee benefits
$353Premises and equipment expense
$824Additional noninterest expense
$1,473Pre-tax net operating income
$0Securities gains (losses)
$541Applicable income taxes
$932Income before extraordinary items
$0Extraordinary gains - net
$932Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$99Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2005)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.96%Yield on earning assets
2.44%Cost of funding earning assets
4.52%Net interest margin
0.52%Noninterest income to earning assets
2.98%Noninterest expense to earning assets
1.00%Net operating income to assets
1.00%Return on assets (ROA)
1.58%Pretax return on assets
11.19%Return on equity (ROE)
11.19%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
318.18%Credit loss provision to net charge-offs
18.06%Efficiency ratio
57,567Assets per employee
3.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
105.60%Noncurrent assets plus other real estate owned to assets
1.08%Noncurrent loans to loans
1.18%Net loans and leases to deposits
107.24%Net loans and leases to core deposits
127.92%Equity capital to assets
9.06%Core capital (leverage) ratio
8.77%Tier 1 risk-based capital ratio
9.19%Total risk-based capital ratio
Memoranda
$10Average assets
$93,420Average earning assets
$8,330Average equity
$86,723Average loans

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