S&C Bank, Minnesota in Almelund, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 01, 2002

  • S&C Bank, Minnesota in Almelund, Minnesota (MN)
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S&C Bank, Minnesota - Overview

  • General
  • FDIC Certificate #: 57076
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: S & C Bank (#14800)
    Federal Reserve ID: 2925899
    Date Established: July 14, 2000
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 356915
    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: July 14, 2000
    Last Structure Change Effective Date: Febuary 01, 2002
    Last Structure Change Process Date: Febuary 07, 2002
    Last Data Update: Febuary 07, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 15785 Maple Lane, Almelund, MN 55002
    County: Chisago
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Chicago
    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: $27.3 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, 2001)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $27,283Total assets
  • $1,232Cash and due from depository institutions
  • $50Interest-bearing balances
  • $9,721Securities
  • $2,695Federal funds sold & reverse repurchase agreements
  • $11,011Net loans & leases
  • $103Loan loss allowance
  • $0Trading account assets
  • $556Bank premises and fixed assets
  • $0Other real estate owned
  • $1,872Goodwill and other intangibles
  • $0Life insurance assets
  • $196All other assets
  • $27,283Total liabilities and capital
  • $23,070Total liabilities
  • $22,847Total deposits
  • $19,307Interest-bearing deposits
  • $22,847Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $223All other liabilities
  • $4,213Total equity capital
  • $4,213Total bank equity capital
  • $4,213Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $1,000Undivided profits
  • Memoranda
  • $2,213Noncurrent loans and leases
  • $311Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $17Earning assets
  • $0Long-term assets (5+ years)
  • $184Average Assets, year-to-date
  • $23,477Average Assets, quarterly
  • $1,557Volatile liabilities
  • $26,662Insider loans
  • $27,243FHLB advances
  • $1,563Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $311Total unused commitments
  • $0Restructured Loans and leases
  • $103Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $1,714Total interest income
  • $746Total interest expense
  • $968Net interest income
  • $16Provision for loan and lease losses
  • $226Total noninterest income
  • $0Fiduciary activities
  • $194Service charges on deposit accounts
  • $0Trading account gains & fees
  • $32Additional noninterest income
  • $1,077Total noninterest expense
  • $460Salaries and employee benefits
  • $100Premises and equipment expense
  • $517Additional noninterest expense
  • $101Pre-tax net operating income
  • $48Securities gains (losses)
  • $55Applicable income taxes
  • $94Income before extraordinary items
  • $0Extraordinary gains - net
  • $94Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $21Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.41%Yield on earning assets
  • 3.23%Cost of funding earning assets
  • 4.19%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 4.66%Noninterest expense to earning assets
  • 0.24%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.56%Pretax return on assets
  • 2.24%Return on equity (ROE)
  • 2.24%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 76.19%Credit loss provision to net charge-offs
  • 5.57%Efficiency ratio
  • 78,643Assets per employee
  • 2.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.93%Loss allowance to noncurrent loans
  • 605.88%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.15%Net loans and leases to deposits
  • 48.19%Net loans and leases to core deposits
  • 51.73%Equity capital to assets
  • 15.44%Core capital (leverage) ratio
  • 8.80%Tier 1 risk-based capital ratio
  • 15.50%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $26,662Average earning assets
  • $4,196Average equity
  • $23,118Average loans

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