United Southwest Bank in Vesta, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1997

  • United Southwest Bank in Vesta, Minnesota (MN)
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United Southwest Bank - Overview

  • General
  • FDIC Certificate #: 16313
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Southwest Bank (#10208)
    Federal Reserve ID: 897059
    Date Established: October 01, 1945
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 10500
    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 01, 1945
    Last Structure Change Effective Date: January 01, 1997
    Last Structure Change Process Date: Febuary 04, 1997
    Last Data Update: Febuary 04, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Vesta, MN 56292
    County: Redwood
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $13.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $9Total assets
  • $13,022Cash and due from depository institutions
  • $1,430Interest-bearing balances
  • $0Securities
  • $2,355Federal funds sold & reverse repurchase agreements
  • $205Net loans & leases
  • $8,426Loan loss allowance
  • $40Trading account assets
  • $0Bank premises and fixed assets
  • $209Other real estate owned
  • $14Goodwill and other intangibles
  • $383Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $13,022Total liabilities
  • $12,277Total deposits
  • $12,093Interest-bearing deposits
  • $9,119Deposits held in domestic offices
  • 12093.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $184Total equity capital
  • $184Total bank equity capital
  • $745Perpetual preferred stock
  • $0Common stock
  • $25Surplus
  • $475Undivided profits
  • Memoranda
  • $245Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $215Income earned, not collected on loans
  • $144Earning assets
  • $10,986Long-term assets (5+ years)
  • $1,313Average Assets, year-to-date
  • $12,692Average Assets, quarterly
  • $12,600Volatile liabilities
  • $512Insider loans
  • $172FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $958Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $740Total risk weighted assets
  • $8,675Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $950Total interest expense
  • $452Net interest income
  • $498Provision for loan and lease losses
  • $0Total noninterest income
  • $112Fiduciary activities
  • $0Service charges on deposit accounts
  • $41Trading account gains & fees
  • $0Additional noninterest income
  • $71Total noninterest expense
  • $540Salaries and employee benefits
  • $257Premises and equipment expense
  • $76Additional noninterest expense
  • $207Pre-tax net operating income
  • $70Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • $70Extraordinary gains - net
  • $0Net income attributable to bank
  • $70Net charge-offs
  • $19Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.53%Cost of funding earning assets
  • 4.06%Net interest margin
  • 4.47%Noninterest income to earning assets
  • 1.01%Noninterest expense to earning assets
  • 4.85%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.55%Pretax return on assets
  • 0.55%Return on equity (ROE)
  • 9.94%Retained earnings to average equity (YTD only)
  • 9.94%Net charge-offs to loans
  • 0.23%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 88,525Assets per employee
  • 1.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.47%Loss allowance to noncurrent loans
  • 18.60%Noncurrent assets plus other real estate owned to assets
  • 1.76%Noncurrent loans to loans
  • 2.54%Net loans and leases to deposits
  • 69.68%Net loans and leases to core deposits
  • 72.76%Equity capital to assets
  • 5.72%Core capital (leverage) ratio
  • 5.90%Tier 1 risk-based capital ratio
  • 8.53%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $12,692Average earning assets
  • $704Average equity
  • $11,131Average loans

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