Rural American Bank - Foley in Foley, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 04, 2006

  • Rural American Bank - Foley in Foley, Minnesota (MN)
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Rural American Bank - Foley - Overview

  • General
  • FDIC Certificate #: 10209
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Frandsen Bank & Trust (#1399)
    Federal Reserve ID: 974259
    Date Established: May 03, 1903
    WWW: http://www.foleybank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 6548
    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: January 01, 1934
    Last Structure Change Effective Date: March 04, 2006
    Last Structure Change Process Date: March 16, 2006
    Last Data Update: March 16, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 341 Fourth Avenue, Foley, MN 56329
    County: Benton
    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): St. Cloud, MN (#6980)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
    CBSA Metro Statistical Area: St. Cloud, MN (#41060)
  • Financial Summary
  • Total assets: $72.8 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, 2005)

  • Dollar figures in thousands
  • 21Total employees (full-time equivalent)
  • $72,832Total assets
  • $3,487Cash and due from depository institutions
  • $0Interest-bearing balances
  • $10,166Securities
  • $700Federal funds sold & reverse repurchase agreements
  • $56,120Net loans & leases
  • $579Loan loss allowance
  • $0Trading account assets
  • $609Bank premises and fixed assets
  • $0Other real estate owned
  • $165Goodwill and other intangibles
  • $0Life insurance assets
  • $1,585All other assets
  • $72,832Total liabilities and capital
  • $65,739Total liabilities
  • $65,442Total deposits
  • $54,248Interest-bearing deposits
  • $65,442Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $297All other liabilities
  • $7,093Total equity capital
  • $7,093Total bank equity capital
  • $7,093Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $5,245Undivided profits
  • Memoranda
  • $1,748Noncurrent loans and leases
  • $8,234Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $423Earning assets
  • $0Long-term assets (5+ years)
  • $417Average Assets, year-to-date
  • $66,986Average Assets, quarterly
  • $1,309Volatile liabilities
  • $71,090Insider loans
  • $72,634FHLB advances
  • $5,426Loans and leases held for sale
  • $190Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,234Total unused commitments
  • $0Restructured Loans and leases
  • $579Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $4,417Total interest income
  • $1,024Total interest expense
  • $3,393Net interest income
  • $121Provision for loan and lease losses
  • $462Total noninterest income
  • $0Fiduciary activities
  • $289Service charges on deposit accounts
  • $0Trading account gains & fees
  • $173Additional noninterest income
  • $1,866Total noninterest expense
  • $1,085Salaries and employee benefits
  • $177Premises and equipment expense
  • $604Additional noninterest expense
  • $1,868Pre-tax net operating income
  • $0Securities gains (losses)
  • $86Applicable income taxes
  • $1,782Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,782Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $35Sale, conversion, retirement of capital stock, net
  • $1,062Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.71%Yield on earning assets
  • 1.55%Cost of funding earning assets
  • 5.15%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 2.83%Noninterest expense to earning assets
  • 2.51%Net operating income to assets
  • 2.51%Return on assets (ROA)
  • 2.63%Pretax return on assets
  • 27.47%Return on equity (ROE)
  • 11.10%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 345.71%Credit loss provision to net charge-offs
  • 56.83%Efficiency ratio
  • 48,405Assets per employee
  • 3.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.60%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 136.88%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 85.76%Net loans and leases to core deposits
  • 93.51%Equity capital to assets
  • 9.74%Core capital (leverage) ratio
  • 9.48%Tier 1 risk-based capital ratio
  • 11.90%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $71,090Average earning assets
  • $6,486Average equity
  • $65,872Average loans

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