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

This bank is inactive as of December 31, 2011

  • State Bank of Lucan in Lucan, Minnesota (MN)
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State Bank of Lucan - Overview

  • General
  • FDIC Certificate #: 15890
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Independent Bank (#1900)
    Federal Reserve ID: 92854
    Date Established: May 05, 1936
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 10126
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 29, 1942
    Last Structure Change Effective Date: December 31, 2011
    Last Structure Change Process Date: January 11, 2012
    Last Data Update: January 11, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 106 Main Street, Lucan, MN 56255
    County: Redwood
    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: $41.1 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, 2010)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $37,641Total assets
  • $4,061Cash and due from depository institutions
  • $2,717Interest-bearing balances
  • $10,305Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $21,617Net loans & leases
  • $246Loan loss allowance
  • $0Trading account assets
  • $172Bank premises and fixed assets
  • $4Other real estate owned
  • $0Goodwill and other intangibles
  • $795Life insurance assets
  • $1,482All other assets
  • $37,641Total liabilities and capital
  • $33,543Total liabilities
  • $33,022Total deposits
  • $26,195Interest-bearing deposits
  • $33,022Deposits held in domestic offices
  • 98.96%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $521All other liabilities
  • $4,098Total equity capital
  • $4,098Total bank equity capital
  • $4,098Perpetual preferred stock
  • $0Common stock
  • $25Surplus
  • $2,675Undivided profits
  • Memoranda
  • $1,398Noncurrent loans and leases
  • $764Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $52Earning assets
  • $15Long-term assets (5+ years)
  • $485Average Assets, year-to-date
  • $34,639Average Assets, quarterly
  • $8,212Volatile liabilities
  • $37,118Insider loans
  • $37,796FHLB advances
  • $4,583Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $764Total unused commitments
  • $77Restructured Loans and leases
  • $246Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $1,662Total interest income
  • $485Total interest expense
  • $1,177Net interest income
  • $0Provision for loan and lease losses
  • $123Total noninterest income
  • $0Fiduciary activities
  • $94Service charges on deposit accounts
  • $0Trading account gains & fees
  • $29Additional noninterest income
  • $999Total noninterest expense
  • $618Salaries and employee benefits
  • $69Premises and equipment expense
  • $312Additional noninterest expense
  • $301Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $301Income before extraordinary items
  • $0Extraordinary gains - net
  • $301Net income attributable to bank
  • $0Net charge-offs
  • $301Cash dividends
  • $33Sale, conversion, retirement of capital stock, net
  • $191Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 1.45%Cost of funding earning assets
  • 3.53%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 3.00%Noninterest expense to earning assets
  • 0.81%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 7.32%Return on equity (ROE)
  • 2.67%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 9.12%Efficiency ratio
  • 76,846Assets per employee
  • 4.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 63.46%Loss allowance to loans
  • 1.13%Loss allowance to noncurrent loans
  • 473.08%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 65.46%Net loans and leases to core deposits
  • 76.01%Equity capital to assets
  • 10.89%Core capital (leverage) ratio
  • 10.47%Tier 1 risk-based capital ratio
  • 15.78%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $37,118Average earning assets
  • $4,113Average equity
  • $33,350Average loans

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