FDIC Certificate #: 9335 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wells Fargo Bank, National Association (#3511) Federal Reserve ID: 821951 Date Established: June 26, 1909 WWW:http://www.statebankofrogers.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 5987 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: January 01, 1934 Last Structure Change Effective Date: June 17, 2006 Last Structure Change Process Date: June 23, 2006 Last Data Update: June 23, 2006 Data Source Date: April 05, 2012
Location
Address: Main Street, Rogers, MN 55374 County: Hennepin Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: San Francisco 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: $94.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
28Total employees (full-time equivalent)
$83,014Total assets
$2,930Cash and due from depository institutions
$86Interest-bearing balances
$15,224Securities
$15,089Federal funds sold & reverse repurchase agreements
$47,910Net loans & leases
$854Loan loss allowance
$0Trading account assets
$743Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,118All other assets
$83,014Total liabilities and capital
$75,595Total liabilities
$75,211Total deposits
$59,400Interest-bearing deposits
$75,211Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$384All other liabilities
$7,419Total equity capital
$7,419Total bank equity capital
$7,419Perpetual preferred stock
$0Common stock
$200Surplus
$4,800Undivided profits
Memoranda
$2,419Noncurrent loans and leases
$10,657Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$168Earning assets
$0Long-term assets (5+ years)
$283Average Assets, year-to-date
$78,309Average Assets, quarterly
$2,182Volatile liabilities
$81,183Insider loans
$83,482FHLB advances
$1,738Loans and leases held for sale
$15Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,657Total unused commitments
$0Restructured Loans and leases
$674Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$4,357Total interest income
$1,270Total interest expense
$3,087Net interest income
$60Provision for loan and lease losses
$584Total noninterest income
$0Fiduciary activities
$364Service charges on deposit accounts
$0Trading account gains & fees
$220Additional noninterest income
$2,675Total noninterest expense
$1,913Salaries and employee benefits
$379Premises and equipment expense
$383Additional noninterest expense
$936Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
$935Income before extraordinary items
$0Extraordinary gains - net
$935Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$188Sale, conversion, retirement of capital stock, net
$922Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.69%Yield on earning assets
1.66%Cost of funding earning assets
4.03%Net interest margin
0.76%Noninterest income to earning assets
3.49%Noninterest expense to earning assets
1.15%Net operating income to assets
1.15%Return on assets (ROA)
1.15%Pretax return on assets
12.40%Return on equity (ROE)
0.17%Retained earnings to average equity (YTD only)
0.37%Net charge-offs to loans
31.91%Credit loss provision to net charge-offs
5.30%Efficiency ratio
72,868Assets per employee
2.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
98.61%Loss allowance to loans
1.75%Loss allowance to noncurrent loans
508.33%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.34%Net loans and leases to deposits
63.70%Net loans and leases to core deposits
65.21%Equity capital to assets
8.94%Core capital (leverage) ratio
9.06%Tier 1 risk-based capital ratio
13.96%Total risk-based capital ratio
Memoranda
$15Average assets
$81,183Average earning assets
$7,540Average equity
$76,553Average loans
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