FDIC Certificate #: 8215 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:21st Century Bank (#9751) Federal Reserve ID: 31152 Date Established: October 22, 1910 WWW:http://www.statebankofloretto.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 5238 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 03, 2004 Last Structure Change Process Date: September 20, 2004 Last Data Update: September 20, 2004 Data Source Date: April 05, 2012
Location
Address: 699 North Medina Street, Loretto, MN 55357 County: Hennepin 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 Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial Summary
Total assets: $98.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
17Total employees (full-time equivalent)
$113,371Total assets
$3,689Cash and due from depository institutions
$1,699Interest-bearing balances
$8,498Securities
$1,290Federal funds sold & reverse repurchase agreements
$96,978Net loans & leases
$1,249Loan loss allowance
$0Trading account assets
$628Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,288All other assets
$113,371Total liabilities and capital
$104,163Total liabilities
$86,023Total deposits
$76,694Interest-bearing deposits
$86,023Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$17,536Other borrowed funds
$0Subordinated debt
$604All other liabilities
$9,208Total equity capital
$9,208Total bank equity capital
$9,208Perpetual preferred stock
$0Common stock
$33Surplus
$6,527Undivided profits
Memoranda
$2,648Noncurrent loans and leases
$18,695Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,280Earning assets
$0Long-term assets (5+ years)
$457Average Assets, year-to-date
$108,465Average Assets, quarterly
$11,133Volatile liabilities
$109,669Insider loans
$113,943FHLB advances
$21,745Loans and leases held for sale
$258Unused loan commitments
$17,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,695Total unused commitments
$0Restructured Loans and leases
$1,171Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$7,457Total interest income
$2,618Total interest expense
$4,839Net interest income
$499Provision for loan and lease losses
$309Total noninterest income
$0Fiduciary activities
$235Service charges on deposit accounts
$0Trading account gains & fees
$74Additional noninterest income
$2,034Total noninterest expense
$1,057Salaries and employee benefits
$257Premises and equipment expense
$720Additional noninterest expense
$2,615Pre-tax net operating income
$0Securities gains (losses)
$18Applicable income taxes
$2,597Income before extraordinary items
$0Extraordinary gains - net
$2,597Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$31Sale, conversion, retirement of capital stock, net
$1,558Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.11%Yield on earning assets
2.50%Cost of funding earning assets
4.61%Net interest margin
0.29%Noninterest income to earning assets
1.94%Noninterest expense to earning assets
2.37%Net operating income to assets
2.37%Return on assets (ROA)
2.38%Pretax return on assets
29.96%Return on equity (ROE)
11.99%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
1609.68%Credit loss provision to net charge-offs
100.45%Efficiency ratio
39,510Assets per employee
6.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
59.99%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
54.78%Noncurrent assets plus other real estate owned to assets
2.01%Noncurrent loans to loans
2.32%Net loans and leases to deposits
112.73%Net loans and leases to core deposits
138.91%Equity capital to assets
8.12%Core capital (leverage) ratio
8.11%Tier 1 risk-based capital ratio
9.84%Total risk-based capital ratio
Memoranda
$11Average assets
$109,669Average earning assets
$8,668Average equity
$104,882Average loans
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