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

This bank is inactive as of June 02, 1993

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

  • General
  • FDIC Certificate #: 9352
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Minnesota Valley Bank (#9342)
    Federal Reserve ID: 711557
    Date Established: January 01, 1914
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 6003
    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: June 02, 1993
    Last Structure Change Process Date: June 17, 1993
    Last Data Update: June 17, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 1275 East Bridge Street, Redwood Falls, MN 56283
    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: $14.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $9Total assets
  • $15,540Cash and due from depository institutions
  • $1,093Interest-bearing balances
  • $0Securities
  • $5,142Federal funds sold & reverse repurchase agreements
  • $1,550Net loans & leases
  • $6,927Loan loss allowance
  • $103Trading account assets
  • $0Bank premises and fixed assets
  • $403Other real estate owned
  • $223Goodwill and other intangibles
  • $202Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $15,540Total liabilities
  • $14,634Total deposits
  • $14,494Interest-bearing deposits
  • $11,352Deposits held in domestic offices
  • 14494.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $140Total equity capital
  • $140Total bank equity capital
  • $906Perpetual preferred stock
  • $150Common stock
  • $74Surplus
  • $566Undivided profits
  • Memoranda
  • $116Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $199Income earned, not collected on loans
  • $106Earning assets
  • $13,619Long-term assets (5+ years)
  • $1,673Average Assets, year-to-date
  • $15,393Average Assets, quarterly
  • $15,399Volatile liabilities
  • $706Insider loans
  • $65FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $516Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $906Total risk weighted assets
  • $7,564Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,179Total interest expense
  • $527Net interest income
  • $652Provision for loan and lease losses
  • $62Total noninterest income
  • $153Fiduciary activities
  • $0Service charges on deposit accounts
  • $118Trading account gains & fees
  • $0Additional noninterest income
  • $35Total noninterest expense
  • $563Salaries and employee benefits
  • $254Premises and equipment expense
  • $39Additional noninterest expense
  • $270Pre-tax net operating income
  • $180Securities gains (losses)
  • $0Applicable income taxes
  • $57Income before extraordinary items
  • $123Extraordinary gains - net
  • $0Net income attributable to bank
  • $123Net charge-offs
  • $121Cash dividends
  • $0Sale, 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
  • 8.60%Cost of funding earning assets
  • 3.84%Net interest margin
  • 4.75%Noninterest income to earning assets
  • 1.12%Noninterest expense to earning assets
  • 4.10%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 1.17%Return on equity (ROE)
  • 14.70%Retained earnings to average equity (YTD only)
  • 14.70%Net charge-offs to loans
  • 1.61%Credit loss provision to net charge-offs
  • 51.24%Efficiency ratio
  • 69,938Assets per employee
  • 1.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 51.76%Noncurrent assets plus other real estate owned to assets
  • 2.72%Noncurrent loans to loans
  • 2.83%Net loans and leases to deposits
  • 47.79%Net loans and leases to core deposits
  • 50.24%Equity capital to assets
  • 5.83%Core capital (leverage) ratio
  • 5.89%Tier 1 risk-based capital ratio
  • 11.98%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $15,393Average earning assets
  • $837Average equity
  • $13,716Average loans

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