FDIC Certificate #: 1103 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Security State Bank of Lewiston (#10201) Federal Reserve ID: 872355 Date Established: January 01, 1905 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 12527 FDIC's unique #: 746 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 06, 1998 Last Structure Change Process Date: Febuary 16, 1999 Last Data Update: Febuary 16, 1999 Data Source Date: April 05, 2012
Location
Address: 101 South Gold Street, Wykoff, MN 55990 County: Fillmore 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
Financial Summary
Total assets: $37.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
18Total employees (full-time equivalent)
$36,755Total assets
$1,497Cash and due from depository institutions
$0Interest-bearing balances
$7,298Securities
$2,625Federal funds sold & reverse repurchase agreements
$23,948Net loans & leases
$209Loan loss allowance
$0Trading account assets
$438Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$949All other assets
$36,755Total liabilities and capital
$33,303Total liabilities
$32,830Total deposits
$28,631Interest-bearing deposits
$32,830Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$473All other liabilities
$3,452Total equity capital
$3,452Total bank equity capital
$3,452Perpetual preferred stock
$0Common stock
$76Surplus
$1,799Undivided profits
Memoranda
$1,577Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$16Earning assets
$0Long-term assets (5+ years)
$428Average Assets, year-to-date
$33,871Average Assets, quarterly
$5,426Volatile liabilities
$35,671Insider loans
$36,751FHLB advances
$3,426Loans and leases held for sale
$450Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,649Total unused commitments
$0Restructured Loans and leases
$26,161Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,974Total interest income
$1,371Total interest expense
$1,603Net interest income
$97Provision for loan and lease losses
$291Total noninterest income
$0Fiduciary activities
$179Service charges on deposit accounts
$0Trading account gains & fees
$112Additional noninterest income
$1,156Total noninterest expense
$692Salaries and employee benefits
$159Premises and equipment expense
$305Additional noninterest expense
$641Pre-tax net operating income
-$106Securities gains (losses)
$199Applicable income taxes
$336Income before extraordinary items
$0Extraordinary gains - net
$336Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$40Sale, conversion, retirement of capital stock, net
$250Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.97%Yield on earning assets
4.14%Cost of funding earning assets
4.84%Net interest margin
0.88%Noninterest income to earning assets
3.49%Noninterest expense to earning assets
1.13%Net operating income to assets
0.94%Return on assets (ROA)
1.50%Pretax return on assets
9.80%Return on equity (ROE)
2.51%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
242.50%Credit loss provision to net charge-offs
18.45%Efficiency ratio
61,035Assets per employee
2.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
74.40%Loss allowance to loans
0.87%Loss allowance to noncurrent loans
1306.25%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.07%Net loans and leases to deposits
72.95%Net loans and leases to core deposits
81.44%Equity capital to assets
9.39%Core capital (leverage) ratio
9.50%Tier 1 risk-based capital ratio
12.92%Total risk-based capital ratio
Memoranda
$14Average assets
$35,671Average earning assets
$3,429Average equity
$33,149Average loans
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