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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