FDIC Certificate #: 5226 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Rural American Bank - Braham (#5099) Federal Reserve ID: 878254 Date Established: December 03, 1896 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 15621 FDIC's unique #: 3511 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: November 03, 2007 Last Structure Change Process Date: November 27, 2007 Last Data Update: November 27, 2007 Data Source Date: April 05, 2012
Location
Address: 560 East Third Avenue, Pine City, MN 55063 County: Pine Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
Financial Summary
Total assets: $55.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
17Total employees (full-time equivalent)
$56,868Total assets
$1,434Cash and due from depository institutions
$36Interest-bearing balances
$11,739Securities
$4,600Federal funds sold & reverse repurchase agreements
$32,880Net loans & leases
$470Loan loss allowance
$0Trading account assets
$1,471Bank premises and fixed assets
$0Other real estate owned
$4,019Goodwill and other intangibles
$216Life insurance assets
$725All other assets
$56,868Total liabilities and capital
$46,663Total liabilities
$46,227Total deposits
$40,034Interest-bearing deposits
$46,227Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$436All other liabilities
$10,205Total equity capital
$10,205Total bank equity capital
$10,205Perpetual preferred stock
$0Common stock
$325Surplus
$9,875Undivided profits
Memoranda
$5Noncurrent loans and leases
$3,051Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$16Earning assets
$0Long-term assets (5+ years)
$307Average Assets, year-to-date
$49,255Average Assets, quarterly
$3,243Volatile liabilities
$54,386Insider loans
$54,944FHLB advances
$3,752Loans and leases held for sale
$785Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,051Total unused commitments
$0Restructured Loans and leases
$369Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$40Total interest income
$17Total interest expense
$23Net interest income
$0Provision for loan and lease losses
$5Total noninterest income
$0Fiduciary activities
$3Service charges on deposit accounts
$0Trading account gains & fees
$2Additional noninterest income
$23Total noninterest expense
$17Salaries and employee benefits
$0Premises and equipment expense
$6Additional noninterest expense
$5Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$5Income before extraordinary items
$0Extraordinary gains - net
$5Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.08%Yield on earning assets
0.03%Cost of funding earning assets
0.05%Net interest margin
0.01%Noninterest income to earning assets
0.05%Noninterest expense to earning assets
0.01%Net operating income to assets
0.01%Return on assets (ROA)
0.01%Pretax return on assets
0.08%Return on equity (ROE)
0.08%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
1.67%Efficiency ratio
82,143Assets per employee
3.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
2937.50%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.05%Net loans and leases to deposits
71.13%Net loans and leases to core deposits
77.41%Equity capital to assets
17.95%Core capital (leverage) ratio
10.99%Tier 1 risk-based capital ratio
18.10%Total risk-based capital ratio
Memoranda
$19Average assets
$54,386Average earning assets
$6,469Average equity
$49,742Average loans
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