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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