Great Northern Bank in Saint Michael, Minnesota (MN)
| Great Northern Bank | |
|---|---|
| General | FDIC Certificate #: 35316 Status: Active Federal Reserve ID: 2830537 Bank Holding Company (Regulatory Top Holder): Great Northern Corporation (RSSDID: 2830528, Location: Saint Michael, MN) Date Established: October 04, 1999 WWW: http://www.greatnorthernbank.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) FDIC's unique #: 78222 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: October 04, 1999 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 12725 43rd Street, N.E., Saint Michael, MN 55376 County: Wright 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 Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $74.1 mil Equity capital: $3.9 mil Deposits held in domestic offices: $68.7 mil Return on assets (ROA): 0.50% ($0.4 mil) Quarterly return on assets: 0.84% ($0.6 mil) Return on Equity (ROE): 9.38% ($0.4 mil) Quarterly return on equity: 15.29% ($0.6 mil) Net income: $0.3 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.50% ($370.5 mil) Quarterly Pretax return on assets: 0.84% ($622.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 22 |
| Total assets | $74,101 |
| Cash and due from depository institutions | $18,247 |
| Interest-bearing balances | $15,075 |
| Securities | $7,900 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $41,827 |
| Loan loss allowance | $1,472 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,096 |
| Other real estate owned | $985 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,046 |
| Life insurance assets | $74,101 |
| Total liabilities and capital | $70,194 |
| Total liabilities | $68,686 |
| Total deposits | $54,202 |
| Interest-bearing deposits | $68,686 |
| Deposits held in domestic offices | $83 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $1,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $508 |
| All other liabilities | $3,907 |
| Total equity capital | $3,907 |
| Total bank equity capital | $3,907 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $9,155 |
| Undivided profits | $-5,348 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $545 |
| Income earned, not collected on loans | $1,982 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $301 |
| Average Assets, year-to-date | $64,802 |
| Average Assets, quarterly | $8,929 |
| Volatile liabilities | $68,724 |
| Insider loans | $71,230 |
| FHLB advances | $44,880 |
| Loans and leases held for sale | $71,383 |
| Unused loan commitments | $1,025 |
| Tier 1 (core) risk-based capital | $1,025 |
| Tier 2 risk-based capital | $3,929 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $7,594 |
| Derivatives | $813 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,378 |
| Total interest expense | $384 |
| Net interest income | $2,994 |
| Provision for loan and lease losses | $96 |
| Total noninterest income | $182 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $166 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $16 |
| Total noninterest expense | $2,778 |
| Salaries and employee benefits | $1,495 |
| Premises and equipment expense | $108 |
| Additional noninterest expense | $1,175 |
| Pre-tax net operating income | $302 |
| Securities gains (losses) | $45 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $347 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $347 |
| Net charge-offs | $0 |
| Cash dividends | $347 |
| Sale, conversion, retirement of capital stock, net | $323 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.73% |
| Cost of funding earning assets | 0.65% |
| Net interest margin | 5.08% |
| Noninterest income to earning assets | 0.31% |
| Noninterest expense to earning assets | 4.71% |
| Net operating income to assets | 0.44% |
| Return on assets (ROA) | 0.50% |
| Pretax return on assets | 0.50% |
| Return on equity (ROE) | 9.38% |
| Retained earnings to average equity (YTD only) | 9.38% |
| Net charge-offs to loans | 0.72% |
| Credit loss provision to net charge-offs | 29.72% |
| Efficiency ratio | 1.23% |
| Assets per employee | $87,469 |
| Cash dividends to net income (YTD only) | 3.37% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.40% |
| Noncurrent assets plus other real estate owned to assets | 74.27% |
| Noncurrent loans to loans | 4.00% |
| Net loans and leases to deposits | 4.58% |
| Net loans and leases to core deposits | 60.90% |
| Equity capital to assets | 64.63% |
| Core capital (leverage) ratio | 5.27% |
| Tier 1 risk-based capital ratio | 5.50% |
| Total risk-based capital ratio | 8.75% |
| Memoranda | |
| Average assets | $10 |
| Average earning assets | $68,724 |
| Average equity | $3,699 |
| Average loans | $58,972 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 78222 | Great Northern Bank | 12725 43rd Street, N.E., Saint Michael, MN 55376 | October 04, 1999 | Full Service Brick and Mortar |  |
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