Valley Bank Dundas in Dundas, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2005

  • Valley Bank Dundas in Dundas, Minnesota (MN)
  • Show street view No street view available for this location

Valley Bank Dundas - Overview

  • General
  • FDIC Certificate #: 1395
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Frandsen Bank & Trust (#1399)
    Federal Reserve ID: 126955
    Date Established: April 18, 1912
    WWW: http://www.dundasbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 12140
    FDIC's unique #: 917
    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: January 01, 1934
    Last Structure Change Effective Date: April 01, 2005
    Last Structure Change Process Date: April 14, 2005
    Last Data Update: April 14, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 715 Stafford Road North, Dundas, MN 55019
    County: Rice
    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
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Faribault-Northfield, MN (#22060)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $27.5 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, 2004)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $28,933Total assets
  • $844Cash and due from depository institutions
  • $0Interest-bearing balances
  • $5,637Securities
  • $577Federal funds sold & reverse repurchase agreements
  • $19,341Net loans & leases
  • $210Loan loss allowance
  • $0Trading account assets
  • $1,080Bank premises and fixed assets
  • $72Other real estate owned
  • $1,019Goodwill and other intangibles
  • $0Life insurance assets
  • $363All other assets
  • $28,933Total liabilities and capital
  • $25,426Total liabilities
  • $22,646Total deposits
  • $19,962Interest-bearing deposits
  • $22,646Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,500Other borrowed funds
  • $0Subordinated debt
  • $280All other liabilities
  • $3,507Total equity capital
  • $3,507Total bank equity capital
  • $3,507Perpetual preferred stock
  • $0Common stock
  • $405Surplus
  • $2,803Undivided profits
  • Memoranda
  • $299Noncurrent loans and leases
  • $4,118Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $125Earning assets
  • $0Long-term assets (5+ years)
  • $158Average Assets, year-to-date
  • $25,555Average Assets, quarterly
  • $3,339Volatile liabilities
  • $27,869Insider loans
  • $28,786FHLB advances
  • $4,711Loans and leases held for sale
  • $91Unused loan commitments
  • $2,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,118Total unused commitments
  • $0Restructured Loans and leases
  • $210Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $1,474Total interest income
  • $408Total interest expense
  • $1,066Net interest income
  • $25Provision for loan and lease losses
  • $233Total noninterest income
  • $0Fiduciary activities
  • $150Service charges on deposit accounts
  • $0Trading account gains & fees
  • $83Additional noninterest income
  • $876Total noninterest expense
  • $448Salaries and employee benefits
  • $156Premises and equipment expense
  • $272Additional noninterest expense
  • $398Pre-tax net operating income
  • $0Securities gains (losses)
  • $153Applicable income taxes
  • $245Income before extraordinary items
  • $0Extraordinary gains - net
  • $245Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $105Sale, conversion, retirement of capital stock, net
  • $325Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.99%Yield on earning assets
  • 1.66%Cost of funding earning assets
  • 4.33%Net interest margin
  • 0.95%Noninterest income to earning assets
  • 3.56%Noninterest expense to earning assets
  • 0.88%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 1.43%Pretax return on assets
  • 7.08%Return on equity (ROE)
  • -2.31%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 23.81%Credit loss provision to net charge-offs
  • 4.03%Efficiency ratio
  • 67,436Assets per employee
  • 3.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 132.65%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 168.00%Noncurrent assets plus other real estate owned to assets
  • 0.43%Noncurrent loans to loans
  • 0.64%Net loans and leases to deposits
  • 85.41%Net loans and leases to core deposits
  • 102.31%Equity capital to assets
  • 12.12%Core capital (leverage) ratio
  • 8.83%Tier 1 risk-based capital ratio
  • 12.52%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $27,869Average earning assets
  • $3,462Average equity
  • $24,610Average loans

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