Minnwest Bank Ortonville in Ortonville, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 15, 2008

  • Minnwest Bank Ortonville in Ortonville, Minnesota (MN)
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Minnwest Bank Ortonville - Overview

  • General
  • FDIC Certificate #: 9344
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Minnwest Bank Central (#1398)
    Federal Reserve ID: 753351
    Date Established: May 05, 1930
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 13915
    FDIC's unique #: 5995
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 15, 2008
    Last Structure Change Process Date: April 01, 2008
    Last Data Update: April 01, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 21 Se 2nd Street, Ortonville, MN 56278
    County: Big Stone
    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: $96.4 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, 2007)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $96,428Total assets
  • $2,919Cash and due from depository institutions
  • $53Interest-bearing balances
  • $8,996Securities
  • $5,300Federal funds sold & reverse repurchase agreements
  • $75,902Net loans & leases
  • $756Loan loss allowance
  • $0Trading account assets
  • $570Bank premises and fixed assets
  • $0Other real estate owned
  • $87Goodwill and other intangibles
  • $0Life insurance assets
  • $2,654All other assets
  • $96,428Total liabilities and capital
  • $87,209Total liabilities
  • $80,813Total deposits
  • $71,394Interest-bearing deposits
  • $80,813Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,905Other borrowed funds
  • $0Subordinated debt
  • $1,491All other liabilities
  • $9,219Total equity capital
  • $9,219Total bank equity capital
  • $9,219Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $5,250Undivided profits
  • Memoranda
  • $3,469Noncurrent loans and leases
  • $20,933Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $244Earning assets
  • $0Long-term assets (5+ years)
  • $1,904Average Assets, year-to-date
  • $90,251Average Assets, quarterly
  • $6,900Volatile liabilities
  • $90,793Insider loans
  • $94,648FHLB advances
  • $8,044Loans and leases held for sale
  • $277Unused loan commitments
  • $4,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $20,933Total unused commitments
  • $0Restructured Loans and leases
  • $756Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $6,569Total interest income
  • $3,183Total interest expense
  • $3,386Net interest income
  • -$430Provision for loan and lease losses
  • $265Total noninterest income
  • $0Fiduciary activities
  • $207Service charges on deposit accounts
  • $0Trading account gains & fees
  • $58Additional noninterest income
  • $1,669Total noninterest expense
  • $904Salaries and employee benefits
  • $117Premises and equipment expense
  • $648Additional noninterest expense
  • $2,412Pre-tax net operating income
  • $0Securities gains (losses)
  • $915Applicable income taxes
  • $1,497Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,497Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $14Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.69%Yield on earning assets
  • 3.73%Cost of funding earning assets
  • 3.97%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 1.95%Noninterest expense to earning assets
  • 1.65%Net operating income to assets
  • 1.65%Return on assets (ROA)
  • 2.66%Pretax return on assets
  • 17.48%Return on equity (ROE)
  • 5.80%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • -3071.43%Credit loss provision to net charge-offs
  • 141.57%Efficiency ratio
  • 44,755Assets per employee
  • 6.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.80%Loss allowance to loans
  • 0.99%Loss allowance to noncurrent loans
  • 309.84%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.32%Net loans and leases to deposits
  • 93.92%Net loans and leases to core deposits
  • 104.31%Equity capital to assets
  • 9.56%Core capital (leverage) ratio
  • 9.69%Tier 1 risk-based capital ratio
  • 11.62%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $90,793Average earning assets
  • $8,566Average equity
  • $85,381Average loans

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