Minden Exchange Bank & Trust Company in Minden, Nebraska (NE)

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Minden Exchange Bank & Trust Company routing number info

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Minden Exchange Bank & Trust Company
GeneralFDIC Certificate #: 5439
Status: Active
Federal Reserve ID: 456054
Bank Holding Company (Regulatory Top Holder): Armstrong Financial Co. (RSSDID: 2540283, Location: Minden, NE)
Date Established: September 01, 1883
WWW: http://www.mindenexchange.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 3682
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 448 North Minden Avenue, Minden, NE 68959
County: Kearney
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Island
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Kearney, NE (#28260)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $136.3 mil
Equity capital: $20.2 mil
Deposits held in domestic offices: $108.8 mil
Return on assets (ROA): 1.06% ($1.4 mil)
Quarterly return on assets: 0.76% ($1.0 mil)
Return on Equity (ROE): 7.35% ($1.5 mil)
Quarterly return on equity: 5.07% ($1.0 mil)
Net income: $1.4 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.54% ($2,099.5 mil)
Quarterly Pretax return on assets: 1.51% ($2,058.6 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)25
Total assets$136,329
Cash and due from depository institutions$11,229
Interest-bearing balances$10,132
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$55,516
Loan loss allowance $1,891
Trading account assets$0
Bank premises and fixed assets$756
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$5,263
Life insurance assets$136,329
Total liabilities and capital$116,170
Total liabilities$108,826
Total deposits$92,492
Interest-bearing deposits$108,826
Deposits held in domestic offices$91
% insured (estimated)6486.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $858
All other liabilities $20,159
Total equity capital$20,159
Total bank equity capital$20,159
Perpetual preferred stock$0
Common stock$1,000
Undivided profits $11,159
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $32
Earning assets $0
Long-term assets (5+ years) $1,402
Average Assets, year-to-date $129,213
Average Assets, quarterly $33,127
Volatile liabilities $135,043
Insider loans $134,232
FHLB advances $75,488
Loans and leases held for sale $135,940
Unused loan commitments $1,663
Tier 1 (core) risk-based capital $1,663
Tier 2 risk-based capital $19,542
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $22,391
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,278
Total interest expense $972
Net interest income $4,306
Provision for loan and lease losses $0
Total noninterest income $634
Fiduciary activities $55
Service charges on deposit accounts $444
Trading account gains & fees $0
Additional noninterest income $135
Total noninterest expense $2,915
Salaries and employee benefits $1,740
Premises and equipment expense $489
Additional noninterest expense $686
Pre-tax net operating income $2,025
Securities gains (losses) $51
Applicable income taxes $648
Income before extraordinary items $1,428
Extraordinary gains - net $0
Net income attributable to bank $1,428
Net charge-offs $0
Cash dividends $1,428
Sale, conversion, retirement of capital stock, net -$85
Net operating income $301
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.11%
Cost of funding earning assets 0.76%
Net interest margin 3.36%
Noninterest income to earning assets 0.49%
Noninterest expense to earning assets 2.27%
Net operating income to assets 1.03%
Return on assets (ROA) 1.06%
Pretax return on assets 1.54%
Return on equity (ROE) 7.35%
Retained earnings to average equity (YTD only) 5.80%
Net charge-offs to loans -0.13%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$59,008
Cash dividends to net income (YTD only)5.45%
Condition Ratios (%)
Loss allowance to loans 21.08%
Loss allowance to noncurrent loans 3.29%
Noncurrent assets plus other real estate owned to assets 5909.38%
Noncurrent loans to loans 0.02%
Net loans and leases to deposits0.06%
Net loans and leases to core deposits 51.01%
Equity capital to assets 52.04%
Core capital (leverage) ratio 14.79%
Tier 1 risk-based capital ratio 14.38%
Total risk-based capital ratio 25.89%
Average assets$27
Average earning assets$135,043
Average equity $19,416
Average loans $128,342
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$13,928
Number of Accounts1
Personal trust and agency accounts$9,324
Employee benefit-defined contribution accounts$9,262
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$62
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts199
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$4,604
Corporate trust and agency accounts$1,538
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$1,617
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2 Nebraska Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03682Minden Exchange Bank & Trust Company448 North Minden Avenue, Minden, NE 68959September 01, 1883Full Service Brick and Mortar
1207694Upland BranchMain Street, Upland, NE 68981October 03, 1983Full Service Brick and Mortar
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