Signal Bank South National Association in city_name, state_name

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

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

Signal Bank South National Association - Overview

Assets and Liabilities (December 31, 2001)

Income and Expense (December 31, 2001)

Performance and Condition Ratios (December 31, 2001)

Comment about this bank, ask questions, or add new information about it:

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

Signal Bank South National Association - Overview

Assets and Liabilities (December 31, 2001)

Income and Expense (December 31, 2001)

Performance and Condition Ratios (December 31, 2001)

Comment about this bank, ask questions, or add new information about it:

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