Signal Bank South National Association in Red Wing, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 14, 2002

  • Signal Bank South National Association in Red Wing, Minnesota (MN)
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Signal Bank South National Association - Overview

  • General
  • FDIC Certificate #: 5234
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Associated Bank Minnesota, National Association (#18704)
    Federal Reserve ID: 849656
    Date Established: January 01, 1874
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 9401
    FDIC's unique #: 3517
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 14, 2002
    Last Structure Change Process Date: July 22, 2002
    Last Data Update: July 22, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 228 Bush Street, Red Wing, MN 55066
    County: Goodhue
    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
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Red Wing, MN (#39860)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $347.7 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, 2001)

  • Dollar figures in thousands
  • 67Total employees (full-time equivalent)
  • $326,744Total assets
  • $9,907Cash and due from depository institutions
  • $686Interest-bearing balances
  • $83,697Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $218,710Net loans & leases
  • $2,174Loan loss allowance
  • $0Trading account assets
  • $3,651Bank premises and fixed assets
  • $107Other real estate owned
  • $1,357Goodwill and other intangibles
  • $0Life insurance assets
  • $9,315All other assets
  • $326,744Total liabilities and capital
  • $299,212Total liabilities
  • $251,690Total deposits
  • $209,615Interest-bearing deposits
  • $251,690Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $24,577Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $17,674Other borrowed funds
  • $0Subordinated debt
  • $5,271All other liabilities
  • $27,532Total equity capital
  • $27,532Total bank equity capital
  • $27,532Perpetual preferred stock
  • $0Common stock
  • $749Surplus
  • $15,378Undivided profits
  • Memoranda
  • $11,405Noncurrent loans and leases
  • $50,715Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $749Earning assets
  • $0Long-term assets (5+ years)
  • $2,231Average Assets, year-to-date
  • $303,093Average Assets, quarterly
  • $44,333Volatile liabilities
  • $324,319Insider loans
  • $333,166FHLB advances
  • $77,265Loans and leases held for sale
  • $10,155Unused loan commitments
  • $12,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $50,715Total unused commitments
  • $0Restructured Loans and leases
  • $2,174Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $21,925Total interest income
  • $10,575Total interest expense
  • $11,350Net interest income
  • $640Provision for loan and lease losses
  • $2,736Total noninterest income
  • $0Fiduciary activities
  • $1,425Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,311Additional noninterest income
  • $9,196Total noninterest expense
  • $3,203Salaries and employee benefits
  • $700Premises and equipment expense
  • $5,293Additional noninterest expense
  • $4,250Pre-tax net operating income
  • $287Securities gains (losses)
  • $1,621Applicable income taxes
  • $2,916Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,916Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $329Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.34%Yield on earning assets
  • 3.54%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 3.08%Noninterest expense to earning assets
  • 0.84%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 11.25%Return on equity (ROE)
  • 11.25%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 194.53%Credit loss provision to net charge-offs
  • 14.86%Efficiency ratio
  • 63,907Assets per employee
  • 4.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 290.25%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.34%Net loans and leases to deposits
  • 86.90%Net loans and leases to core deposits
  • 105.27%Equity capital to assets
  • 8.43%Core capital (leverage) ratio
  • 7.86%Tier 1 risk-based capital ratio
  • 10.41%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $324,319Average earning assets
  • $25,922Average equity
  • $298,618Average loans

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