The First State Bank of Graceville in Graceville, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 22, 1995

  • The First State Bank of Graceville in Graceville, Minnesota (MN)
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The First State Bank of Graceville - Overview

  • General
  • FDIC Certificate #: 15623
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: West Central Bank (#10211)
    Federal Reserve ID: 50359
    Date Established: January 01, 1904
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 9904
    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: October 31, 1938
    Last Structure Change Effective Date: September 22, 1995
    Last Structure Change Process Date: October 04, 1995
    Last Data Update: October 04, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 228 Studdart Avenue, Graceville, MN 56240
    County: Big Stone
    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: $11.7 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)
  • $5Total assets
  • $11,500Cash and due from depository institutions
  • $1,234Interest-bearing balances
  • $0Securities
  • $2,257Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $7,099Loan loss allowance
  • $114Trading account assets
  • $0Bank premises and fixed assets
  • $155Other real estate owned
  • $15Goodwill and other intangibles
  • $740Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $11,500Total liabilities
  • $10,686Total deposits
  • $10,234Interest-bearing deposits
  • $9,056Deposits held in domestic offices
  • 10234.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $348Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $104Total equity capital
  • $104Total bank equity capital
  • $814Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $550Undivided profits
  • Memoranda
  • $164Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $50Income earned, not collected on loans
  • $200Earning assets
  • $9,356Long-term assets (5+ years)
  • $1,037Average Assets, year-to-date
  • $11,488Average Assets, quarterly
  • $11,505Volatile liabilities
  • $810Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,017Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $847Total risk weighted assets
  • $8,158Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $772Total interest expense
  • $339Net interest income
  • $433Provision for loan and lease losses
  • $148Total noninterest income
  • $84Fiduciary activities
  • $0Service charges on deposit accounts
  • $46Trading account gains & fees
  • $0Additional noninterest income
  • $38Total noninterest expense
  • $310Salaries and employee benefits
  • $121Premises and equipment expense
  • $33Additional noninterest expense
  • $156Pre-tax net operating income
  • $59Securities gains (losses)
  • $1Applicable income taxes
  • $35Income before extraordinary items
  • $25Extraordinary gains - net
  • $0Net income attributable to bank
  • $25Net charge-offs
  • $119Cash dividends
  • $129Sale, 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
  • 7.74%Cost of funding earning assets
  • 3.40%Net interest margin
  • 4.34%Noninterest income to earning assets
  • 0.84%Noninterest expense to earning assets
  • 3.11%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.22%Pretax return on assets
  • 0.52%Return on equity (ROE)
  • 2.94%Retained earnings to average equity (YTD only)
  • -12.24%Net charge-offs to loans
  • 1.61%Credit loss provision to net charge-offs
  • 124.37%Efficiency ratio
  • 59,961Assets per employee
  • 2.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 516.00%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 228.00%Noncurrent assets plus other real estate owned to assets
  • 0.57%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 69.37%Net loans and leases to core deposits
  • 72.65%Equity capital to assets
  • 7.08%Core capital (leverage) ratio
  • 7.42%Tier 1 risk-based capital ratio
  • 10.38%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $11,488Average earning assets
  • $850Average equity
  • $9,980Average loans

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