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

This bank is inactive as of May 19, 2001

Minnwest Bank South in Slayton, Minnesota (MN)
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Minnwest Bank South - Overview

General
FDIC Certificate #: 8861
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Minnwest Bank South (#1410)
Federal Reserve ID: 892755
Date Established: Febuary 02, 1930
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 12698
FDIC's unique #: 5655
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: May 19, 2001
Last Structure Change Process Date: June 19, 2001
Last Data Update: June 19, 2001
Data Source Date: April 05, 2012
Location
Address: 2565 King Avenue, Slayton, MN 56172
County: Murray
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux Falls
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $94.3 mil

1992 - 1999 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, 2000)

Dollar figures in thousands
29Total employees (full-time equivalent)
$95,423Total assets
$4,112Cash and due from depository institutions
$668Interest-bearing balances
$16,018Securities
$0Federal funds sold & reverse repurchase agreements
$71,535Net loans & leases
$1,194Loan loss allowance
$0Trading account assets
$952Bank premises and fixed assets
$0Other real estate owned
$309Goodwill and other intangibles
$0Life insurance assets
$2,497All other assets
$95,423Total liabilities and capital
$87,394Total liabilities
$83,343Total deposits
$76,161Interest-bearing deposits
$83,343Deposits held in domestic offices
0.00%% insured (estimated)
$1,650Federal funds purchased & repurchase agreements
$0Trading liabilities
$950Other borrowed funds
$0Subordinated debt
$1,451All other liabilities
$8,029Total equity capital
$8,029Total bank equity capital
$8,029Perpetual preferred stock
$0Common stock
$500Surplus
$4,586Undivided profits
Memoranda
$2,943Noncurrent loans and leases
$15,933Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,097Earning assets
$122Long-term assets (5+ years)
$1,698Average Assets, year-to-date
$88,221Average Assets, quarterly
$7,576Volatile liabilities
$92,686Insider loans
$94,927FHLB advances
$9,622Loans and leases held for sale
$501Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$15,933Total unused commitments
$0Restructured Loans and leases
$916Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$7,796Total interest income
$4,026Total interest expense
$3,770Net interest income
$285Provision for loan and lease losses
$707Total noninterest income
$0Fiduciary activities
$286Service charges on deposit accounts
$0Trading account gains & fees
$421Additional noninterest income
$2,373Total noninterest expense
$1,366Salaries and employee benefits
$287Premises and equipment expense
$720Additional noninterest expense
$1,819Pre-tax net operating income
$0Securities gains (losses)
$694Applicable income taxes
$1,125Income before extraordinary items
$0Extraordinary gains - net
$1,125Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$166Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.04%Yield on earning assets
4.67%Cost of funding earning assets
4.37%Net interest margin
0.82%Noninterest income to earning assets
2.75%Noninterest expense to earning assets
1.21%Net operating income to assets
1.21%Return on assets (ROA)
1.96%Pretax return on assets
15.19%Return on equity (ROE)
15.19%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
171.69%Credit loss provision to net charge-offs
12.67%Efficiency ratio
51,977Assets per employee
3.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.64%Loss allowance to noncurrent loans
108.84%Noncurrent assets plus other real estate owned to assets
1.15%Noncurrent loans to loans
1.51%Net loans and leases to deposits
85.83%Net loans and leases to core deposits
94.91%Equity capital to assets
8.41%Core capital (leverage) ratio
8.19%Tier 1 risk-based capital ratio
10.56%Total risk-based capital ratio
Memoranda
$12Average assets
$92,686Average earning assets
$7,407Average equity
$86,230Average loans

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