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On the edge

Last update: November 24, 2009 - 9:13 PM

 

The following Minnesota banks have capital levels below a key federal regulatory minimum of 8 percent.

Location Assets (000's) Total risk-based

capital ratio *

Prosperan Bank ** Oakdale $197,442 -1.2

Jennings State Bank *** Spring Grove $52,347 -0.1

St. Stephen State Bank St. Stephen $24,742 0.5

Riverview Community Bank **** Otsego $99,057 3.0

1st American State Bank of Minnesota Hancock $18,396 4.7

State Bank of Aurora Aurora $28,171 5.4

Marshall Bank Hallock $59,852 5.5

Access Bank Champlin $38,142 5.8

Community Security Bank New Prague $120,106 7.1

Community Bank Plymouth ***** Plymouth $60,805 7.3

Lake Country Community Bank Morristown $40,176 7.6

Americana Community Bank Sleepy Eye $186,009 7.7

* Total risk-based capital is a bank's total capital divided by its risk-adjusted assets.

** Prosperan Bank was closed by regulators on Nov. 6 and acquired by Alerus Financial Corp. of Grand Forks, N.D.

*** Jennings State Bank was closed by regulators on Oct. 2 and acquired by Central Bank of Stillwater.

**** Riverview Community Bank was closed by regulators on Oct. 23 and acquired by Central Bank of Stillwater.

***** Community Bank Plymouth was acquired by KleinBank of Chaska in September.

Source: Federal Deposit Insurance Corp., Foresight Analytics

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