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

This bank is inactive as of November 01, 2004

  • Rural American Bank-Montgomery/Lonsdale in Lonsdale, Minnesota (MN)
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Rural American Bank-Montgomery/Lonsdale - Overview

  • General
  • FDIC Certificate #: 1921
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Frandsen Bank & Trust (#1399)
    Federal Reserve ID: 917452
    Date Established: January 08, 1908
    WWW: http://www.lonsdalebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 1286
    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: November 01, 2004
    Last Structure Change Process Date: November 15, 2004
    Last Data Update: November 15, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 116 Central Street West, Lonsdale, MN 55046
    County: Rice
    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
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Faribault-Northfield, MN (#22060)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $73.1 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, 2003)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $71,916Total assets
  • $2,213Cash and due from depository institutions
  • $496Interest-bearing balances
  • $20,823Securities
  • $2,247Federal funds sold & reverse repurchase agreements
  • $42,722Net loans & leases
  • $415Loan loss allowance
  • $0Trading account assets
  • $1,102Bank premises and fixed assets
  • $0Other real estate owned
  • $1,357Goodwill and other intangibles
  • $0Life insurance assets
  • $1,452All other assets
  • $71,916Total liabilities and capital
  • $64,740Total liabilities
  • $64,006Total deposits
  • $55,726Interest-bearing deposits
  • $64,006Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $734All other liabilities
  • $7,176Total equity capital
  • $7,176Total bank equity capital
  • $7,176Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $5,557Undivided profits
  • Memoranda
  • $1,569Noncurrent loans and leases
  • $12,780Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $217Earning assets
  • $0Long-term assets (5+ years)
  • $376Average Assets, year-to-date
  • $66,288Average Assets, quarterly
  • $9,622Volatile liabilities
  • $69,367Insider loans
  • $71,323FHLB advances
  • $6,096Loans and leases held for sale
  • $57Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,780Total unused commitments
  • $0Restructured Loans and leases
  • $415Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $3,821Total interest income
  • $883Total interest expense
  • $2,938Net interest income
  • $36Provision for loan and lease losses
  • $456Total noninterest income
  • $0Fiduciary activities
  • $348Service charges on deposit accounts
  • $0Trading account gains & fees
  • $108Additional noninterest income
  • $1,622Total noninterest expense
  • $984Salaries and employee benefits
  • $202Premises and equipment expense
  • $436Additional noninterest expense
  • $1,736Pre-tax net operating income
  • $55Securities gains (losses)
  • $684Applicable income taxes
  • $1,107Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,107Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $32Sale, conversion, retirement of capital stock, net
  • $1,063Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.06%Yield on earning assets
  • 1.40%Cost of funding earning assets
  • 4.66%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 2.57%Noninterest expense to earning assets
  • 1.55%Net operating income to assets
  • 1.60%Return on assets (ROA)
  • 2.58%Pretax return on assets
  • 15.94%Return on equity (ROE)
  • 0.63%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 112.50%Credit loss provision to net charge-offs
  • 55.38%Efficiency ratio
  • 47,790Assets per employee
  • 3.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 96.03%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 191.24%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.50%Net loans and leases to deposits
  • 66.75%Net loans and leases to core deposits
  • 73.77%Equity capital to assets
  • 9.98%Core capital (leverage) ratio
  • 8.19%Tier 1 risk-based capital ratio
  • 11.30%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $69,367Average earning assets
  • $6,943Average equity
  • $63,082Average loans

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