Tri-County State Bank of Ortonville in Ortonville, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1994

  • Tri-County State Bank of Ortonville in Ortonville, Minnesota (MN)
  • Show street view No street view available for this location

Tri-County State Bank of Ortonville - Overview

  • General
  • FDIC Certificate #: 17674
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CenBank (#8848)
    Federal Reserve ID: 725255
    Date Established: January 31, 1955
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 11639
    Numeric code: 13
    Regulator: FED
    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 01, 1956
    Last Structure Change Effective Date: October 01, 1994
    Last Structure Change Process Date: December 05, 1994
    Last Data Update: December 05, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 113 N.W. First Street, Ortonville, MN 56278
    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: $14.7 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $8Total assets
  • $13,531Cash and due from depository institutions
  • $655Interest-bearing balances
  • $0Securities
  • $2,514Federal funds sold & reverse repurchase agreements
  • $70Net loans & leases
  • $9,532Loan loss allowance
  • $122Trading account assets
  • $0Bank premises and fixed assets
  • $441Other real estate owned
  • $136Goodwill and other intangibles
  • $183Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $13,531Total liabilities
  • $12,613Total deposits
  • $12,542Interest-bearing deposits
  • $11,240Deposits held in domestic offices
  • 12542.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $71Total equity capital
  • $71Total bank equity capital
  • $918Perpetual preferred stock
  • $0Common stock
  • $131Surplus
  • $600Undivided profits
  • Memoranda
  • $187Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3Income earned, not collected on loans
  • $123Earning assets
  • $12,116Long-term assets (5+ years)
  • $1,673Average Assets, year-to-date
  • $13,954Average Assets, quarterly
  • $13,488Volatile liabilities
  • $0Insider loans
  • $34FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $130Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $917Total risk weighted assets
  • $9,804Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $833Total interest expense
  • $458Net interest income
  • $375Provision for loan and lease losses
  • $0Total noninterest income
  • $72Fiduciary activities
  • $0Service charges on deposit accounts
  • $45Trading account gains & fees
  • $0Additional noninterest income
  • $27Total noninterest expense
  • $555Salaries and employee benefits
  • $179Premises and equipment expense
  • $65Additional noninterest expense
  • $311Pre-tax net operating income
  • -$108Securities gains (losses)
  • $77Applicable income taxes
  • $1Income before extraordinary items
  • -$32Extraordinary gains - net
  • $25Net income attributable to bank
  • -$7Net charge-offs
  • -$4Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.70%Cost of funding earning assets
  • 3.69%Net interest margin
  • 3.02%Noninterest income to earning assets
  • 0.58%Noninterest expense to earning assets
  • 4.47%Net operating income to assets
  • -0.78%Return on assets (ROA)
  • -0.05%Pretax return on assets
  • -0.04%Return on equity (ROE)
  • -0.79%Retained earnings to average equity (YTD only)
  • -0.79%Net charge-offs to loans
  • -0.05%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 124,161Assets per employee
  • 1.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 4066.67%Noncurrent assets plus other real estate owned to assets
  • 1.03%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 76.00%Net loans and leases to core deposits
  • 76.00%Equity capital to assets
  • 6.78%Core capital (leverage) ratio
  • 6.86%Tier 1 risk-based capital ratio
  • 9.35%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $13,954Average earning assets
  • $890Average equity
  • $12,424Average loans

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