Rural American Bank of Greenwald in Greenwald, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1994

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

  • General
  • FDIC Certificate #: 27073
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First State Bank of Paynesville (#15447)
    Federal Reserve ID: 1156379
    Date Established: October 02, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 38678
    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: October 02, 1987
    Last Structure Change Effective Date: April 01, 1994
    Last Structure Change Process Date: April 19, 1994
    Last Data Update: April 19, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: Fifth Street And First Avenue, Greenwald, MN 56335
    County: Stearns
    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: $16.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $7Total assets
  • $17,490Cash and due from depository institutions
  • $650Interest-bearing balances
  • $0Securities
  • $6,435Federal funds sold & reverse repurchase agreements
  • $1,725Net loans & leases
  • $7,846Loan loss allowance
  • $140Trading account assets
  • $0Bank premises and fixed assets
  • $157Other real estate owned
  • $0Goodwill and other intangibles
  • $201Life insurance assets
  • $476All other assets
  • $0Total liabilities and capital
  • $17,490Total liabilities
  • $15,514Total deposits
  • $15,443Interest-bearing deposits
  • $14,071Deposits held in domestic offices
  • 15443.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $71Total equity capital
  • $71Total bank equity capital
  • $1,976Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $1,902Undivided profits
  • Memoranda
  • $24Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $182Income earned, not collected on loans
  • $65Earning assets
  • $16,006Long-term assets (5+ years)
  • $4,002Average Assets, year-to-date
  • $17,534Average Assets, quarterly
  • $17,244Volatile liabilities
  • $244Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $553Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,500Total risk weighted assets
  • $9,330Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $185Total interest expense
  • $61Net interest income
  • $124Provision for loan and lease losses
  • $0Total noninterest income
  • $5Fiduciary activities
  • $0Service charges on deposit accounts
  • $4Trading account gains & fees
  • $0Additional noninterest income
  • $1Total noninterest expense
  • $93Salaries and employee benefits
  • $49Premises and equipment expense
  • $14Additional noninterest expense
  • $30Pre-tax net operating income
  • $36Securities gains (losses)
  • $0Applicable income taxes
  • $12Income before extraordinary items
  • $24Extraordinary gains - net
  • $0Net income attributable to bank
  • $24Net charge-offs
  • $19Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 0.38%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 0.03%Noninterest expense to earning assets
  • 0.58%Net operating income to assets
  • 0.14%Return on assets (ROA)
  • 0.14%Pretax return on assets
  • 0.21%Return on equity (ROE)
  • 1.55%Retained earnings to average equity (YTD only)
  • 1.55%Net charge-offs to loans
  • 0.19%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 65,116Assets per employee
  • 2.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.75%Loss allowance to noncurrent loans
  • 76.92%Noncurrent assets plus other real estate owned to assets
  • 1.04%Noncurrent loans to loans
  • 2.28%Net loans and leases to deposits
  • 50.81%Net loans and leases to core deposits
  • 51.62%Equity capital to assets
  • 11.30%Core capital (leverage) ratio
  • 8.82%Tier 1 risk-based capital ratio
  • 16.08%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $17,534Average earning assets
  • $1,544Average equity
  • $16,091Average loans

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