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)
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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

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