FDIC Certificate #: 1924 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The First National Bank of Elk River (#5136) Federal Reserve ID: 959256 Date Established: January 01, 1907 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 1289 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 07, 2008 Last Structure Change Process Date: April 03, 2008 Last Data Update: April 03, 2008 Data Source Date: April 05, 2012
Location
Address: 100 State Highway 55 East, Maple Lake, MN 55358 County: Wright 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): 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: $79.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
22Total employees (full-time equivalent)
$79,929Total assets
$1,707Cash and due from depository institutions
$198Interest-bearing balances
$8,617Securities
$6,014Federal funds sold & reverse repurchase agreements
$48,567Net loans & leases
$601Loan loss allowance
$0Trading account assets
$2,408Bank premises and fixed assets
$0Other real estate owned
$11,815Goodwill and other intangibles
$0Life insurance assets
$801All other assets
$79,929Total liabilities and capital
$60,815Total liabilities
$59,252Total deposits
$48,785Interest-bearing deposits
$59,252Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$999Other borrowed funds
$0Subordinated debt
$564All other liabilities
$19,114Total equity capital
$19,114Total bank equity capital
$19,114Perpetual preferred stock
$0Common stock
$50Surplus
$18,560Undivided profits
Memoranda
$504Noncurrent loans and leases
$11,656Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$326Earning assets
$0Long-term assets (5+ years)
$383Average Assets, year-to-date
$63,396Average Assets, quarterly
$6,982Volatile liabilities
$77,408Insider loans
$78,492FHLB advances
$7,717Loans and leases held for sale
$371Unused loan commitments
$999Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,656Total unused commitments
$33Restructured Loans and leases
$601Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$3,721Total interest income
$1,536Total interest expense
$2,185Net interest income
$215Provision for loan and lease losses
$425Total noninterest income
$0Fiduciary activities
$273Service charges on deposit accounts
$0Trading account gains & fees
$152Additional noninterest income
$1,568Total noninterest expense
$949Salaries and employee benefits
$257Premises and equipment expense
$362Additional noninterest expense
$827Pre-tax net operating income
-$5Securities gains (losses)
$2Applicable income taxes
$820Income before extraordinary items
$0Extraordinary gains - net
$820Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$230Sale, conversion, retirement of capital stock, net
$345Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.92%Yield on earning assets
2.44%Cost of funding earning assets
3.47%Net interest margin
0.68%Noninterest income to earning assets
2.49%Noninterest expense to earning assets
1.07%Net operating income to assets
1.06%Return on assets (ROA)
1.06%Pretax return on assets
5.01%Return on equity (ROE)
2.90%Retained earnings to average equity (YTD only)
0.47%Net charge-offs to loans
93.48%Credit loss provision to net charge-offs
4.53%Efficiency ratio
60,077Assets per employee
3.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.07%Loss allowance to loans
1.22%Loss allowance to noncurrent loans
184.36%Noncurrent assets plus other real estate owned to assets
wondering what the interet rate is on personal loans compared to other federal banks. An of if youve had any fraud, impersonators or not normal transactions like so many other banks as I keep hearing
wondering who is the owner or whose bank account do you use to back your loans? i may be wrong but thought this was the united states of americas federal reserve bank? For exactly what america has going on, freedom with misguided media, so unintelligent parents, who are lazy, an lack common sence, an think switching (getting your am/fm frequenciey changed) is a game of life, an banging your cousin is how u getthe prodical one. sum tin 2 t8nk about. cheers! just a dollar!
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