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

This bank is inactive as of January 04, 1999

  • State Bank of La Salle (Incorporated) in La Salle, Minnesota (MN)
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State Bank of La Salle (Incorporated) - Overview

  • General
  • FDIC Certificate #: 10974
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank Minnesota (#8200)
    Federal Reserve ID: 29757
    Date Established: July 24, 1906
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 7028
    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: January 04, 1999
    Last Structure Change Process Date: Febuary 26, 1999
    Last Data Update: Febuary 26, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, La Salle, MN 56056
    County: Watonwan
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $31.0 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $30,988Total assets
  • $1,492Cash and due from depository institutions
  • $99Interest-bearing balances
  • $10,230Securities
  • $1,600Federal funds sold & reverse repurchase agreements
  • $16,881Net loans & leases
  • $670Loan loss allowance
  • $0Trading account assets
  • $118Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $667All other assets
  • $30,988Total liabilities and capital
  • $26,368Total liabilities
  • $25,879Total deposits
  • $23,577Interest-bearing deposits
  • $25,879Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $489All other liabilities
  • $4,620Total equity capital
  • $4,620Total bank equity capital
  • $4,620Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $3,200Undivided profits
  • Memoranda
  • $1,370Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $335Average Assets, year-to-date
  • $28,810Average Assets, quarterly
  • $4,128Volatile liabilities
  • $29,850Insider loans
  • $30,435FHLB advances
  • $3,952Loans and leases held for sale
  • $485Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $970Total unused commitments
  • $0Restructured Loans and leases
  • $20,274Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $2,297Total interest income
  • $1,202Total interest expense
  • $1,095Net interest income
  • $309Provision for loan and lease losses
  • $25Total noninterest income
  • $0Fiduciary activities
  • $20Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5Additional noninterest income
  • $607Total noninterest expense
  • $452Salaries and employee benefits
  • $48Premises and equipment expense
  • $107Additional noninterest expense
  • $204Pre-tax net operating income
  • $0Securities gains (losses)
  • $44Applicable income taxes
  • $160Income before extraordinary items
  • $0Extraordinary gains - net
  • $160Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$71Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.25%Yield on earning assets
  • 4.32%Cost of funding earning assets
  • 3.93%Net interest margin
  • 0.09%Noninterest income to earning assets
  • 2.18%Noninterest expense to earning assets
  • 0.54%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 3.45%Return on equity (ROE)
  • 3.45%Retained earnings to average equity (YTD only)
  • -0.40%Net charge-offs to loans
  • -435.21%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 54,196Assets per employee
  • 3.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.82%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
  • 65.23%Net loans and leases to core deposits
  • 76.99%Equity capital to assets
  • 14.91%Core capital (leverage) ratio
  • 15.19%Tier 1 risk-based capital ratio
  • 22.70%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $29,850Average earning assets
  • $4,638Average equity
  • $27,846Average loans

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