FDIC Certificate #: 57735 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Coulee Bank (#18361) Federal Reserve ID: 3234598 Date Established: April 02, 2004 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 423249 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: April 02, 2004 Last Structure Change Effective Date: May 21, 2010 Last Structure Change Process Date: May 24, 2010 Last Data Update: May 24, 2010 Data Source Date: April 05, 2012
Location
Address: 757 Cleveland Avenue South, Saint Paul, MN 55116 County: Ramsey Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial Summary
Total assets: $61.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
15Total employees (full-time equivalent)
$65,859Total assets
$4,751Cash and due from depository institutions
$3,477Interest-bearing balances
$1,000Securities
$3,204Federal funds sold & reverse repurchase agreements
$54,650Net loans & leases
$4,396Loan loss allowance
$0Trading account assets
$175Bank premises and fixed assets
$1,234Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$845All other assets
$65,859Total liabilities and capital
$65,104Total liabilities
$58,906Total deposits
$55,785Interest-bearing deposits
$58,906Deposits held in domestic offices
98.74%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,750Other borrowed funds
$0Subordinated debt
$448All other liabilities
$755Total equity capital
$755Total bank equity capital
$755Perpetual preferred stock
$0Common stock
$100Surplus
$8,093Undivided profits
Memoranda
$-7,438Noncurrent loans and leases
$3,473Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,875Earning assets
$0Long-term assets (5+ years)
$240Average Assets, year-to-date
$62,331Average Assets, quarterly
$4,486Volatile liabilities
$64,367Insider loans
$65,773FHLB advances
$27,465Loans and leases held for sale
$1,354Unused loan commitments
$5,750Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,473Total unused commitments
$4,732Restructured Loans and leases
$728Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$3,828Total interest income
$1,605Total interest expense
$2,223Net interest income
$5,459Provision for loan and lease losses
$108Total noninterest income
$0Fiduciary activities
$78Service charges on deposit accounts
$0Trading account gains & fees
$30Additional noninterest income
$2,116Total noninterest expense
$1,049Salaries and employee benefits
$303Premises and equipment expense
$764Additional noninterest expense
-$5,244Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
-$5,246Income before extraordinary items
$0Extraordinary gains - net
-$5,246Net income attributable to bank
$0Net charge-offs
-$5,246Cash dividends
$2,287Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.23%Yield on earning assets
2.61%Cost of funding earning assets
3.62%Net interest margin
0.18%Noninterest income to earning assets
3.44%Noninterest expense to earning assets
-8.15%Net operating income to assets
-8.15%Return on assets (ROA)
-8.15%Pretax return on assets
-120.37%Return on equity (ROE)
-120.37%Retained earnings to average equity (YTD only)
3.81%Net charge-offs to loans
238.70%Credit loss provision to net charge-offs
0.09%Efficiency ratio
90,776Assets per employee
4.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
7.45%Loss allowance to noncurrent loans
113.45%Noncurrent assets plus other real estate owned to assets
7.76%Noncurrent loans to loans
6.56%Net loans and leases to deposits
92.77%Net loans and leases to core deposits
159.84%Equity capital to assets
1.15%Core capital (leverage) ratio
1.09%Tier 1 risk-based capital ratio
1.39%Total risk-based capital ratio
Memoranda
$3Average assets
$64,367Average earning assets
$4,358Average equity
$61,475Average loans
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