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This institution is no longer active

Operations ceased on September 11, 2006. CRA examination history below reflects the period it was active.

RURAL AMERICAN BANK - HECTOR/FAIRFAX

HECTOR, MN · Supervised by FDIC

Est. 1931FDIC #10,562RSSD: FDIC-10562
Part ofFRANDSEN FINANCIAL CORP→ View all charters
Satisfactory Same

Current rating · Exam: January 2002

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.80%

Institution Profile

FDIC BankFind

Address

Main Street, HECTOR, MN

County

Renville County

Established

September 28, 1931

Total Assets

$57M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

January 1, 2002

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 24 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q2 2006Call Report / FDIC

Total Assets

$57M

Total Deposits

$47M

Net Loans

$34M

Net Income

$532K

ROA

1.80%

ROE

12.53%

Risk-Based Capital

12.27%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Rating History

CRA / FFIEC

Rating Trend

↓ Declining

Based on last 3 exams

3 previous ratings locked — dating back to 1992

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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