State Bank of Conger (Incorporated) in Conger, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 24, 1993

State Bank of Conger (Incorporated) in Conger, Minnesota (MN)
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State Bank of Conger (Incorporated) - Overview

General
FDIC Certificate #: 10955
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Americana National Bank (#5174)
Federal Reserve ID: 373450
Date Established: April 03, 1907
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 7012
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: September 24, 1993
Last Structure Change Process Date: October 06, 1993
Last Data Update: October 06, 1993
Data Source Date: April 05, 2012
Location
Address: Main Street, Conger, MN 56020
County: Freeborn
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
Core Based Statistical Area (CBSA): Albert Lea, MN (#10660)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $11.4 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$5Total assets
$11,932Cash and due from depository institutions
$839Interest-bearing balances
$194Securities
$7,257Federal funds sold & reverse repurchase agreements
$550Net loans & leases
$3,073Loan loss allowance
$83Trading account assets
$0Bank premises and fixed assets
$47Other real estate owned
$0Goodwill and other intangibles
$166Life insurance assets
$0All other assets
$0Total liabilities and capital
$11,932Total liabilities
$9,807Total deposits
$9,707Interest-bearing deposits
$8,817Deposits held in domestic offices
9707.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$100Total equity capital
$100Total bank equity capital
$2,125Perpetual preferred stock
$0Common stock
$25Surplus
$975Undivided profits
Memoranda
$1,125Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$55Earning assets
$11,074Long-term assets (5+ years)
$0Average Assets, year-to-date
$11,671Average Assets, quarterly
$11,837Volatile liabilities
$300Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,125Total risk weighted assets
$4,387Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$849Total interest expense
$377Net interest income
$472Provision for loan and lease losses
$0Total noninterest income
$25Fiduciary activities
$0Service charges on deposit accounts
$13Trading account gains & fees
$0Additional noninterest income
$12Total noninterest expense
$272Salaries and employee benefits
$152Premises and equipment expense
$31Additional noninterest expense
$89Pre-tax net operating income
$225Securities gains (losses)
$6Applicable income taxes
$83Income before extraordinary items
$148Extraordinary gains - net
$0Net income attributable to bank
$148Net charge-offs
$3Cash dividends
$9Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.80%Cost of funding earning assets
3.47%Net interest margin
4.34%Noninterest income to earning assets
0.23%Noninterest expense to earning assets
2.50%Net operating income to assets
1.24%Return on assets (ROA)
1.27%Pretax return on assets
1.98%Return on equity (ROE)
7.19%Retained earnings to average equity (YTD only)
6.75%Net charge-offs to loans
0.10%Credit loss provision to net charge-offs
0.00%Efficiency ratio
54,728Assets per employee
2.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
6.08%Loss allowance to loans
2.63%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
31.66%Net loans and leases to core deposits
32.67%Equity capital to assets
17.81%Core capital (leverage) ratio
17.93%Tier 1 risk-based capital ratio
48.43%Total risk-based capital ratio
Memoranda
$50Average assets
$11,671Average earning assets
$2,059Average equity
$10,879Average loans

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