First Community Bank
Savage, MN — Domestic Branch of a Domestic Bank
Acquired Mar 2008
Vitals
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Total Assets120.1M 0.7 %
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Total Deposits99.5M -5.5 %
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Total Net Loans86.3M 1.5 %
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Net Income2.2M -24.2 %
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Book Value11.1M 5.0 %
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Book Value x222.3M 5.0 %
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Book Value x333.4M 5.0 %
Balance Sheet Highlights
Financial Highlights | First Community Bank | All Insured Commercial Banks in Minnesota |
Balance Sheet $(000) | ||
Total Assets | 120,096 | 103,806 |
Total Net Loans | 86,261 | 74,105 |
Total Deposits | 99,478 | 86,203 |
Total Equity | 11,135 | 10,595 |
Profitability | ||
Net Income | 2,155 | 3,422 |
Return on Average Assets | 1.859 | 1.248 |
Return on Average Equity | 19.571 | 12.058 |
Net Interest Margin | 4.443 | 4.256 |
Efficiency Ratio | 55.965 | 67.104 |
Noninterest Income/Revenue | 5.466 | 8.54 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 86.714 | 83.079 |
Securities/Assets | .156 | .24 |
Total Equity/Total Assets | .093 | .102 |
Tangible Equity/Tangible Assets | .093 | .036 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 11,036 | 10,016 |
Tier 2 Capital | 1,140 | 872 |
Total Capital | 12,176 | 10,906 |
Total Risk Weighted Assets | 99,585 | 81,307 |
Leverage Ratio | 9.27 | 10.111 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 11.08 | 13.36 |
Total Capital Ratio | 12.23 | 14.445 |
Timeline for First Community Bank
Klein Financial, Inc.
Klein Financial, Inc. became a new parent organization for First Community Bank.
View Profile Jan 18 2008Hansen Freeborn, Inc.
Hansen Freeborn, Inc. became a new parent organization for First Community Bank.
View Profile Sep 30 1991Freeborn Bancorporation, Inc.
Freeborn Bancorporation, Inc. became a new parent organization for First Community Bank.
View Profile Nov 15 1983Freeborn Financial Services, Inc.
Freeborn Financial Services, Inc. became a new parent organization for First Community Bank.
View Profile Oct 01 1981Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Kleinbank | Buyer | 1,917,204 | Pooling of Interests | Discontinued | 3/8/2008 |
Relationships | Role | Relationship Start | Relationship End |
Klein Financial, Inc. | Parent | 1/18/2008 | 3/7/2008 |
Hansen Freeborn, Inc. | Parent | 9/30/1991 | 1/17/2008 |
Freeborn Bancorporation, Inc. | Parent | 11/15/1983 | 12/29/1987 |
Freeborn Financial Services, Inc. | Parent | 10/1/1981 | 11/14/1983 |
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