Riverland Bank in Jordan, Minnesota (MN)
| Riverland Bank | |
|---|---|
| General | FDIC Certificate #: 58106 Status: Active Federal Reserve ID: 3374234 Bank Holding Company (Regulatory Top Holder): Riverland Bancorporation (RSSDID: 3374243, Location: Jordan, MN) Date Established: October 20, 2005 WWW: http://www.riverlandbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 439881 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: October 20, 2005 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 700 Seville Drive, Jordan, MN 55352 County: Scott 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 Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $26.6 mil Equity capital: $0.6 mil Deposits held in domestic offices: $25.8 mil Return on assets (ROA): -2.58% (-$0.7 mil) Quarterly return on assets: -2.01% (-$0.5 mil) Return on Equity (ROE): -78.24% (-$0.8 mil) Quarterly return on equity: -74.91% (-$0.7 mil) Net income: -$0.8 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -2.58% (-$685.2 mil) Quarterly Pretax return on assets: -2.01% (-$533.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 8 |
| Total assets | $26,558 |
| Cash and due from depository institutions | $5,032 |
| Interest-bearing balances | $3,503 |
| Securities | $1,933 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $16,312 |
| Loan loss allowance | $959 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $412 |
| Other real estate owned | $2,600 |
| Goodwill and other intangibles | $0 |
| All other assets | $269 |
| Life insurance assets | $26,558 |
| Total liabilities and capital | $25,911 |
| Total liabilities | $25,792 |
| Total deposits | $22,925 |
| Interest-bearing deposits | $25,792 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $119 |
| All other liabilities | $647 |
| Total equity capital | $647 |
| Total bank equity capital | $647 |
| Perpetual preferred stock | $0 |
| Common stock | $500 |
| Surplus | $4,600 |
| Undivided profits | $-4,453 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $490 |
| Earning assets | $35 |
| Long-term assets (5+ years) | $85 |
| Average Assets, year-to-date | $21,748 |
| Average Assets, quarterly | $1,077 |
| Volatile liabilities | $30,733 |
| Insider loans | $26,717 |
| FHLB advances | $18,448 |
| Loans and leases held for sale | $26,446 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $653 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,278 |
| Derivatives | $58 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,283 |
| Total interest expense | $379 |
| Net interest income | $904 |
| Provision for loan and lease losses | $100 |
| Total noninterest income | $89 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $46 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $43 |
| Total noninterest expense | $1,740 |
| Salaries and employee benefits | $655 |
| Premises and equipment expense | $270 |
| Additional noninterest expense | $815 |
| Pre-tax net operating income | -$847 |
| Securities gains (losses) | $53 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$794 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$794 |
| Net charge-offs | $0 |
| Cash dividends | -$794 |
| Sale, conversion, retirement of capital stock, net | $65 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.06% |
| Cost of funding earning assets | 1.49% |
| Net interest margin | 3.56% |
| Noninterest income to earning assets | 0.35% |
| Noninterest expense to earning assets | 6.86% |
| Net operating income to assets | -2.76% |
| Return on assets (ROA) | -2.58% |
| Pretax return on assets | -2.58% |
| Return on equity (ROE) | -78.24% |
| Retained earnings to average equity (YTD only) | -78.24% |
| Net charge-offs to loans | 0.33% |
| Credit loss provision to net charge-offs | 153.85% |
| Efficiency ratio | -11.49% |
| Assets per employee | $175,227 |
| Cash dividends to net income (YTD only) | 3.32% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 5.55% |
| Noncurrent assets plus other real estate owned to assets | 195.71% |
| Noncurrent loans to loans | 11.63% |
| Net loans and leases to deposits | 2.84% |
| Net loans and leases to core deposits | 63.24% |
| Equity capital to assets | 64.89% |
| Core capital (leverage) ratio | 2.44% |
| Tier 1 risk-based capital ratio | 2.47% |
| Total risk-based capital ratio | 3.54% |
| Memoranda | |
| Average assets | $5 |
| Average earning assets | $30,733 |
| Average equity | $1,015 |
| Average loans | $25,378 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 439881 | Riverland Bank | 700 Seville Drive, Jordan, MN 55352 | October 20, 2005 | Full Service Brick and Mortar |  |
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