First State Bank Of Floodwood
Floodwood, MN — Domestic Branch of a Domestic Bank
Acquired Feb 2004
Vitals
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Total Assets15.3M 10.1 %
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Total Deposits12.6M 1.8 %
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Total Net Loans12.1M 23.9 %
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Net Income150000.0000 61.3 %
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Book Value2.1M 56.0 %
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Book Value x24.1M 56.0 %
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Book Value x36.2M 56.0 %
Balance Sheet Highlights
Financial Highlights | First State Bank Of Floodwood | All Insured Commercial Banks in Minnesota |
Balance Sheet $(000) | ||
Total Assets | 15,265 | 77,630 |
Total Net Loans | 12,123 | 51,420 |
Total Deposits | 12,650 | 65,489 |
Total Equity | 2,069 | 7,548 |
Profitability | ||
Net Income | 150 | 1,988 |
Return on Average Assets | 1.631 | 1.401 |
Return on Average Equity | 13.253 | 14.344 |
Net Interest Margin | 6.82 | 4.469 |
Efficiency Ratio | 57.02 | 63.289 |
Noninterest Income/Revenue | 7.652 | 11.936 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 95.834 | 76.473 |
Securities/Assets | .086 | .296 |
Total Equity/Total Assets | .136 | .097 |
Tangible Equity/Tangible Assets | .113 | -.081 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 1,724 | 7,096 |
Tier 2 Capital | 141 | 619 |
Total Capital | 1,865 | 7,713 |
Total Risk Weighted Assets | 11,273 | 56,756 |
Leverage Ratio | 11.8 | 9.536 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 15.29 | 13.36 |
Total Capital Ratio | 16.54 | 14.456 |
Timeline for First State Bank Of Floodwood
Northview Bank
First State Bank Of Floodwood was acquired by Northview Bank 20 years
View Profile Feb 14 2004Finlayson Bancshares, Inc.
Finlayson Bancshares, Inc. became a new parent organization for First State Bank Of Floodwood.
View Profile Oct 09 2003Floodwood Agency, Inc.
Floodwood Agency, Inc. became a new parent organization for First State Bank Of Floodwood.
View Profile Dec 31 1970First State Bank Of Floodwood
First State Bank Of Floodwood was established 116 years ago and is currently headquartered in Floodwood, MN.
Jan 01 1908Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Northview Bank | Buyer | 322,940 | Pooling of Interests | Discontinued | 2/14/2004 |
Relationships | Role | Relationship Start | Relationship End |
Finlayson Bancshares, Inc. | Parent | 10/9/2003 | 2/13/2004 |
Floodwood Agency, Inc. | Parent | 12/31/1989 | 10/8/2003 |
Floodwood Agency, Inc. | Parent | 12/31/1978 | 12/30/1989 |
Floodwood Agency, Inc. | Parent | 12/31/1977 | 12/30/1978 |
Floodwood Agency, Inc. | Parent | 6/30/1977 | 12/30/1977 |
Floodwood Agency, Inc. | Parent | 12/31/1972 | 6/29/1977 |
Floodwood Agency, Inc. | Parent | 12/31/1970 | 12/30/1972 |
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