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

This bank is inactive as of January 05, 1995

  • State Bank of Wendell in Wendell, Minnesota (MN)
  • Show street view No street view available for this location

State Bank of Wendell - Overview

  • General
  • FDIC Certificate #: 17116
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Eagle Bank (#8824)
    Federal Reserve ID: 193153
    Date Established: July 30, 1945
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 11159
    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: June 09, 1952
    Last Structure Change Effective Date: January 05, 1995
    Last Structure Change Process Date: Febuary 23, 1995
    Last Data Update: Febuary 23, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Wendell, MN 56590
    County: Grant
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $12.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $6Total assets
  • $12,333Cash and due from depository institutions
  • $949Interest-bearing balances
  • $195Securities
  • $3,564Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $7,404Loan loss allowance
  • $235Trading account assets
  • $0Bank premises and fixed assets
  • $86Other real estate owned
  • $0Goodwill and other intangibles
  • $330Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $12,333Total liabilities
  • $10,939Total deposits
  • $10,561Interest-bearing deposits
  • $9,294Deposits held in domestic offices
  • 10561.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $308Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $70Total equity capital
  • $70Total bank equity capital
  • $1,394Perpetual preferred stock
  • $0Common stock
  • $125Surplus
  • $1,250Undivided profits
  • Memoranda
  • $18Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $369Income earned, not collected on loans
  • $266Earning assets
  • $11,163Long-term assets (5+ years)
  • $595Average Assets, year-to-date
  • $13,089Average Assets, quarterly
  • $12,720Volatile liabilities
  • $608Insider loans
  • $197FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $963Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,603Total risk weighted assets
  • $8,827Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $971Total interest expense
  • $421Net interest income
  • $550Provision for loan and lease losses
  • $110Total noninterest income
  • $34Fiduciary activities
  • $0Service charges on deposit accounts
  • $16Trading account gains & fees
  • $0Additional noninterest income
  • $18Total noninterest expense
  • $400Salaries and employee benefits
  • $206Premises and equipment expense
  • $52Additional noninterest expense
  • $142Pre-tax net operating income
  • $74Securities gains (losses)
  • $0Applicable income taxes
  • $23Income before extraordinary items
  • $51Extraordinary gains - net
  • $0Net income attributable to bank
  • $51Net charge-offs
  • $115Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.11%Cost of funding earning assets
  • 3.51%Net interest margin
  • 4.59%Noninterest income to earning assets
  • 0.28%Noninterest expense to earning assets
  • 3.34%Net operating income to assets
  • 0.39%Return on assets (ROA)
  • 0.39%Pretax return on assets
  • 0.57%Return on equity (ROE)
  • 3.42%Retained earnings to average equity (YTD only)
  • 3.42%Net charge-offs to loans
  • 1.41%Credit loss provision to net charge-offs
  • 95.65%Efficiency ratio
  • 68,493Assets per employee
  • 2.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.08%Loss allowance to noncurrent loans
  • 63.69%Noncurrent assets plus other real estate owned to assets
  • 2.99%Noncurrent loans to loans
  • 4.83%Net loans and leases to deposits
  • 70.11%Net loans and leases to core deposits
  • 72.16%Equity capital to assets
  • 11.30%Core capital (leverage) ratio
  • 12.56%Tier 1 risk-based capital ratio
  • 18.16%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $13,089Average earning assets
  • $1,489Average equity
  • $11,978Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with State Bank of Wendell.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents