FDIC Certificate #: 15416 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Minnwest Bank Central (#1398) Federal Reserve ID: 375557 Date Established: July 18, 1931 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 14303 FDIC's unique #: 9732 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: August 31, 1936 Last Structure Change Effective Date: July 31, 1998 Last Structure Change Process Date: October 05, 1998 Last Data Update: October 05, 1998 Data Source Date: April 05, 2012
Location
Address: 690 Sixth Street, Dawson, MN 56232 County: Lac Qui Parle 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
Financial Summary
Total assets: $36.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
11Total employees (full-time equivalent)
$37,434Total assets
$1,480Cash and due from depository institutions
$10Interest-bearing balances
$7,513Securities
$1,619Federal funds sold & reverse repurchase agreements
$25,547Net loans & leases
$573Loan loss allowance
$0Trading account assets
$361Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$914All other assets
$37,434Total liabilities and capital
$34,477Total liabilities
$33,249Total deposits
$30,082Interest-bearing deposits
$33,249Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$725Other borrowed funds
$0Subordinated debt
$503All other liabilities
$2,957Total equity capital
$2,957Total bank equity capital
$2,957Perpetual preferred stock
$0Common stock
$500Surplus
$1,306Undivided profits
Memoranda
$1,151Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$34Earning assets
$0Long-term assets (5+ years)
$646Average Assets, year-to-date
$34,689Average Assets, quarterly
$4,241Volatile liabilities
$35,948Insider loans
$36,337FHLB advances
$2,043Loans and leases held for sale
$331Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,475Total unused commitments
$0Restructured Loans and leases
$28,458Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,850Total interest income
$1,398Total interest expense
$1,452Net interest income
$18Provision for loan and lease losses
$106Total noninterest income
$0Fiduciary activities
$86Service charges on deposit accounts
$0Trading account gains & fees
$20Additional noninterest income
$767Total noninterest expense
$386Salaries and employee benefits
$101Premises and equipment expense
$280Additional noninterest expense
$773Pre-tax net operating income
$0Securities gains (losses)
$294Applicable income taxes
$479Income before extraordinary items
$0Extraordinary gains - net
$479Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$14Sale, conversion, retirement of capital stock, net
$550Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.52%Yield on earning assets
4.18%Cost of funding earning assets
4.34%Net interest margin
0.32%Noninterest income to earning assets
2.29%Noninterest expense to earning assets
1.33%Net operating income to assets
1.33%Return on assets (ROA)
2.15%Pretax return on assets
17.06%Return on equity (ROE)
-2.53%Retained earnings to average equity (YTD only)
-0.05%Net charge-offs to loans
-128.57%Credit loss provision to net charge-offs
0.00%Efficiency ratio
49,230Assets per employee
3.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
114.82%Loss allowance to loans
2.19%Loss allowance to noncurrent loans
1685.29%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.13%Net loans and leases to deposits
76.84%Net loans and leases to core deposits
81.28%Equity capital to assets
7.90%Core capital (leverage) ratio
8.05%Tier 1 risk-based capital ratio
10.31%Total risk-based capital ratio
Memoranda
$12Average assets
$35,948Average earning assets
$2,807Average equity
$33,455Average loans
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