Minnesota Valley Bank in Redwood Falls, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 07, 1997

  • Minnesota Valley Bank in Redwood Falls, Minnesota (MN)
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Minnesota Valley Bank - Overview

  • General
  • FDIC Certificate #: 9342
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Minnwest Bank, M.V. (#16958)
    Federal Reserve ID: 757555
    Date Established: May 21, 1928
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 12720
    FDIC's unique #: 5993
    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: Febuary 07, 1997
    Last Structure Change Process Date: Febuary 24, 1997
    Last Data Update: Febuary 26, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 South Washington Street, Redwood Falls, MN 56283
    County: Redwood
    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
  • Financial Summary
  • Total assets: $154.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $59Total assets
  • $154,911Cash and due from depository institutions
  • $8,155Interest-bearing balances
  • $30Securities
  • $36,127Federal funds sold & reverse repurchase agreements
  • $1,940Net loans & leases
  • $102,896Loan loss allowance
  • $1,802Trading account assets
  • $0Bank premises and fixed assets
  • $2,501Other real estate owned
  • $273Goodwill and other intangibles
  • $2,767Life insurance assets
  • $252All other assets
  • $0Total liabilities and capital
  • $154,911Total liabilities
  • $142,603Total deposits
  • $140,277Interest-bearing deposits
  • $121,237Deposits held in domestic offices
  • 140277.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $345Subordinated debt
  • $0All other liabilities
  • $1,981Total equity capital
  • $1,981Total bank equity capital
  • $12,308Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $7,300Undivided profits
  • Memoranda
  • $4,508Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $819Income earned, not collected on loans
  • $1,777Earning assets
  • $140,993Long-term assets (5+ years)
  • $35,304Average Assets, year-to-date
  • $149,609Average Assets, quarterly
  • $153,813Volatile liabilities
  • $11,310Insider loans
  • $449FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $20,738Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $12,126Total risk weighted assets
  • $117,821Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,628Total interest expense
  • $5,891Net interest income
  • $5,737Provision for loan and lease losses
  • $120Total noninterest income
  • $678Fiduciary activities
  • $0Service charges on deposit accounts
  • $484Trading account gains & fees
  • $0Additional noninterest income
  • $194Total noninterest expense
  • $3,235Salaries and employee benefits
  • $1,808Premises and equipment expense
  • $482Additional noninterest expense
  • $945Pre-tax net operating income
  • $3,060Securities gains (losses)
  • -$45Applicable income taxes
  • $1,177Income before extraordinary items
  • $1,838Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,838Net charge-offs
  • $74Cash dividends
  • $800Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.39%Cost of funding earning assets
  • 4.25%Net interest margin
  • 4.14%Noninterest income to earning assets
  • 0.49%Noninterest expense to earning assets
  • 2.34%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.23%Pretax return on assets
  • 2.02%Return on equity (ROE)
  • 15.91%Retained earnings to average equity (YTD only)
  • 8.98%Net charge-offs to loans
  • 0.08%Credit loss provision to net charge-offs
  • 162.16%Efficiency ratio
  • 49,384Assets per employee
  • 2.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.53%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 220.02%Noncurrent assets plus other real estate owned to assets
  • 0.70%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 73.35%Net loans and leases to core deposits
  • 79.78%Equity capital to assets
  • 7.95%Core capital (leverage) ratio
  • 8.07%Tier 1 risk-based capital ratio
  • 10.29%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $149,609Average earning assets
  • $11,556Average equity
  • $138,532Average loans

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