Grand Timber Bank in Mcgregor, Minnesota (MN)
| Grand Timber Bank | |
|---|---|
| General | FDIC Certificate #: 18719 Status: Active Federal Reserve ID: 918356 Bank Holding Company (Regulatory Top Holder): Mcgregor Banco, Inc. (RSSDID: 1128246, Location: Mcgregor, MN) Date Established: March 18, 1963 WWW: http://www.grandtimberbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 9307 FDIC's unique #: 12587 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: March 18, 1963 Last Structure Change Effective Date: November 01, 2006 Last Structure Change Process Date: November 01, 2006 Last Data Update: November 01, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 204 North Maddy Street, Mcgregor, MN 55760 County: Aitkin 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 |
| Financial Summary | Total assets: $43.0 mil Equity capital: $4.7 mil Deposits held in domestic offices: $38.3 mil Return on assets (ROA): -0.73% (-$0.3 mil) Quarterly return on assets: 1.72% ($0.7 mil) Return on Equity (ROE): -6.57% (-$0.3 mil) Quarterly return on equity: 16.01% ($0.8 mil) Net income: -$0.3 mil Quarterly Net income: $0.2 mil Pretax return on assets: -0.72% (-$309.9 mil) Quarterly Pretax return on assets: 1.72% ($740.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 12 |
| Total assets | $43,041 |
| Cash and due from depository institutions | $2,671 |
| Interest-bearing balances | $1,715 |
| Securities | $6,067 |
| Federal funds sold & reverse repurchase agreements | $922 |
| Net loans & leases | $30,913 |
| Loan loss allowance | $1,312 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $536 |
| Other real estate owned | $1,336 |
| Goodwill and other intangibles | $0 |
| All other assets | $596 |
| Life insurance assets | $43,041 |
| Total liabilities and capital | $38,355 |
| Total liabilities | $38,262 |
| Total deposits | $31,079 |
| Interest-bearing deposits | $38,262 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $5 |
| Other borrowed funds | $0 |
| Subordinated debt | $88 |
| All other liabilities | $4,686 |
| Total equity capital | $4,686 |
| Total bank equity capital | $4,686 |
| Perpetual preferred stock | $0 |
| Common stock | $125 |
| Surplus | $1,875 |
| Undivided profits | $2,686 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $1,917 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $237 |
| Average Assets, year-to-date | $39,617 |
| Average Assets, quarterly | $1,331 |
| Volatile liabilities | $42,537 |
| Insider loans | $42,872 |
| FHLB advances | $31,613 |
| Loans and leases held for sale | $43,592 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $4,637 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,662 |
| Derivatives | $354 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,393 |
| Total interest expense | $363 |
| Net interest income | $2,030 |
| Provision for loan and lease losses | $1,024 |
| Total noninterest income | $156 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $196 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$40 |
| Total noninterest expense | $1,470 |
| Salaries and employee benefits | $601 |
| Premises and equipment expense | $263 |
| Additional noninterest expense | $606 |
| Pre-tax net operating income | -$308 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $1 |
| Income before extraordinary items | -$309 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$309 |
| Net charge-offs | $0 |
| Cash dividends | -$309 |
| Sale, conversion, retirement of capital stock, net | $498 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.20% |
| Cost of funding earning assets | 0.94% |
| Net interest margin | 5.26% |
| Noninterest income to earning assets | 0.40% |
| Noninterest expense to earning assets | 3.81% |
| Net operating income to assets | -0.73% |
| Return on assets (ROA) | -0.73% |
| Pretax return on assets | -0.72% |
| Return on equity (ROE) | -6.57% |
| Retained earnings to average equity (YTD only) | -6.57% |
| Net charge-offs to loans | 1.52% |
| Credit loss provision to net charge-offs | 205.62% |
| Efficiency ratio | 1.44% |
| Assets per employee | $67,246 |
| Cash dividends to net income (YTD only) | 3.59% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 4.07% |
| Noncurrent assets plus other real estate owned to assets | 68.44% |
| Noncurrent loans to loans | 7.56% |
| Net loans and leases to deposits | 5.95% |
| Net loans and leases to core deposits | 80.79% |
| Equity capital to assets | 81.44% |
| Core capital (leverage) ratio | 10.89% |
| Tier 1 risk-based capital ratio | 10.64% |
| Total risk-based capital ratio | 14.67% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $42,537 |
| Average equity | $4,706 |
| Average loans | $38,618 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 12587 | Grand Timber Bank | 204 North Maddy Street, Mcgregor, MN 55760 | March 18, 1963 | Full Service Brick and Mortar |  |
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