Rural American Bank - Braham in Braham, Minnesota (MN)
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Table of contents:
| Rural American Bank - Braham | |
|---|---|
| General | FDIC Certificate #: 5099 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Frandsen Bank & Trust (#1399) Federal Reserve ID: 103554 Date Established: August 29, 1899 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 3408 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 21, 2011 Last Structure Change Process Date: March 30, 2011 Last Data Update: March 30, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 121 South Main, Braham, MN 55006 County: Isanti 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) |
| Financial Summary | Total assets: $109.0 mil |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 24 |
| Total assets | $108,994 |
| Cash and due from depository institutions | $1,602 |
| Interest-bearing balances | $644 |
| Securities | $41,006 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $58,126 |
| Loan loss allowance | $1,383 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,200 |
| Other real estate owned | $296 |
| Goodwill and other intangibles | $3,644 |
| All other assets | $3,120 |
| Life insurance assets | $1,560 |
| Total liabilities and capital | $108,995 |
| Total liabilities | $95,225 |
| Total deposits | $93,005 |
| Interest-bearing deposits | $83,504 |
| Deposits held in domestic offices | $93,005 |
| % insured (estimated) | 88.84% |
| Federal funds purchased & repurchase agreements | $659 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,000 |
| Subordinated debt | $0 |
| All other liabilities | $561 |
| Total equity capital | $13,770 |
| Total bank equity capital | $13,770 |
| Perpetual preferred stock | $13,770 |
| Common stock | $0 |
| Surplus | $140 |
| Undivided profits | $12,560 |
| Memoranda | |
| Noncurrent loans and leases | $1,070 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $4,878 |
| Income earned, not collected on loans | $0 |
| Earning assets | $2,348 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $464 |
| Average Assets, quarterly | $99,776 |
| Volatile liabilities | $27,826 |
| Insider loans | $105,627 |
| FHLB advances | $108,424 |
| Loans and leases held for sale | $13,437 |
| Unused loan commitments | $202 |
| Tier 1 (core) risk-based capital | $1,000 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $4,878 |
| Restructured Loans and leases | $0 |
| Derivatives | $801 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $4,966 |
| Total interest expense | $1,009 |
| Net interest income | $3,957 |
| Provision for loan and lease losses | $365 |
| Total noninterest income | $695 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $308 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $387 |
| Total noninterest expense | $3,027 |
| Salaries and employee benefits | $1,395 |
| Premises and equipment expense | $284 |
| Additional noninterest expense | $1,348 |
| Pre-tax net operating income | $1,260 |
| Securities gains (losses) | $12 |
| Applicable income taxes | $1 |
| Income before extraordinary items | $1,271 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,271 |
| Net charge-offs | $0 |
| Cash dividends | $1,271 |
| Sale, conversion, retirement of capital stock, net | $187 |
| Net operating income | $1,405 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.20% |
| Cost of funding earning assets | 1.06% |
| Net interest margin | 4.15% |
| Noninterest income to earning assets | 0.73% |
| Noninterest expense to earning assets | 3.17% |
| Net operating income to assets | 1.19% |
| Return on assets (ROA) | 1.20% |
| Pretax return on assets | 1.20% |
| Return on equity (ROE) | 9.36% |
| Retained earnings to average equity (YTD only) | -0.99% |
| Net charge-offs to loans | 0.30% |
| Credit loss provision to net charge-offs | 195.19% |
| Efficiency ratio | 8.69% |
| Assets per employee | $62,661 |
| Cash dividends to net income (YTD only) | 4.54% |
| Condition Ratios (%) | |
| Loss allowance to loans | 110.54% |
| Loss allowance to noncurrent loans | 2.32% |
| Noncurrent assets plus other real estate owned to assets | 58.90% |
| Noncurrent loans to loans | 2.43% |
| Net loans and leases to deposits | 3.95% |
| Net loans and leases to core deposits | 62.50% |
| Equity capital to assets | 72.45% |
| Core capital (leverage) ratio | 12.63% |
| Tier 1 risk-based capital ratio | 9.27% |
| Total risk-based capital ratio | 15.89% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $105,627 |
| Average equity | $13,579 |
| Average loans | $95,436 |
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