North American State Bank in Belgrade, Minnesota (MN)
| North American State Bank | |
|---|---|
| General | FDIC Certificate #: 10179 Status: Active Federal Reserve ID: 393850 Bank Holding Company (Regulatory Top Holder): Nasb Shares, Inc. (RSSDID: 2907859, Location: Belgrade, MN) Date Established: May 17, 1889 WWW: http://www.nasbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Domestic: 3, Interstate: No) OTS Docket #: 12353 FDIC's unique #: 6520 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 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: 321 Washburn Avenue, Belgrade, MN 56312 County: Stearns 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): St. Cloud, MN (#6980) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): St. Cloud, MN (#41060) CBSA Metro Statistical Area: St. Cloud, MN (#41060) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $105.2 mil Equity capital: $10.9 mil Deposits held in domestic offices: $87.9 mil Return on assets (ROA): 0.18% ($0.2 mil) Quarterly return on assets: -0.18% (-$0.2 mil) Return on Equity (ROE): 1.81% ($0.2 mil) Quarterly return on equity: -1.70% (-$0.2 mil) Net income: $0.2 mil Quarterly Net income: -$0.0 mil Pretax return on assets: 0.18% ($189.3 mil) Quarterly Pretax return on assets: -0.18% (-$189.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 30 |
| Total assets | $105,165 |
| Cash and due from depository institutions | $16,504 |
| Interest-bearing balances | $13,508 |
| Securities | $25,330 |
| Federal funds sold & reverse repurchase agreements | $819 |
| Net loans & leases | $51,296 |
| Loan loss allowance | $1,747 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,956 |
| Other real estate owned | $2,500 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,760 |
| Life insurance assets | $105,164 |
| Total liabilities and capital | $94,238 |
| Total liabilities | $87,884 |
| Total deposits | $73,816 |
| Interest-bearing deposits | $87,884 |
| Deposits held in domestic offices | $81 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $6,117 |
| Other borrowed funds | $0 |
| Subordinated debt | $237 |
| All other liabilities | $10,926 |
| Total equity capital | $10,926 |
| Total bank equity capital | $10,926 |
| Perpetual preferred stock | $0 |
| Common stock | $133 |
| Surplus | $9,367 |
| Undivided profits | $1,426 |
| 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 | $3,320 |
| Earning assets | $67 |
| Long-term assets (5+ years) | $463 |
| Average Assets, year-to-date | $90,953 |
| Average Assets, quarterly | $19,952 |
| Volatile liabilities | $105,840 |
| Insider loans | $106,365 |
| FHLB advances | $66,350 |
| Loans and leases held for sale | $107,741 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $10,277 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $4,252 |
| Derivatives | $31 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,561 |
| Total interest expense | $988 |
| Net interest income | $3,573 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $422 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $181 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $241 |
| Total noninterest expense | $3,807 |
| Salaries and employee benefits | $2,109 |
| Premises and equipment expense | $723 |
| Additional noninterest expense | $975 |
| Pre-tax net operating income | $188 |
| Securities gains (losses) | $5 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $193 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $193 |
| Net charge-offs | $0 |
| Cash dividends | $193 |
| Sale, conversion, retirement of capital stock, net | $287 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.97% |
| Cost of funding earning assets | 1.08% |
| Net interest margin | 3.89% |
| Noninterest income to earning assets | 0.46% |
| Noninterest expense to earning assets | 4.15% |
| Net operating income to assets | 0.18% |
| Return on assets (ROA) | 0.18% |
| Pretax return on assets | 0.18% |
| Return on equity (ROE) | 1.81% |
| Retained earnings to average equity (YTD only) | 1.81% |
| Net charge-offs to loans | 0.51% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.66% |
| Assets per employee | $95,294 |
| Cash dividends to net income (YTD only) | 3.51% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.29% |
| Noncurrent assets plus other real estate owned to assets | 52.62% |
| Noncurrent loans to loans | 5.53% |
| Net loans and leases to deposits | 6.26% |
| Net loans and leases to core deposits | 58.37% |
| Equity capital to assets | 62.09% |
| Core capital (leverage) ratio | 10.39% |
| Tier 1 risk-based capital ratio | 9.54% |
| Total risk-based capital ratio | 15.49% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $105,840 |
| Average equity | $10,662 |
| Average loans | $91,807 |
| 3 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6520 | North American State Bank | 321 Washburn Avenue, Belgrade, MN 56312 | May 17, 1889 | Full Service Brick and Mortar |  |
| 1 | 13644 | Elrosa Branch | Main Street, Elrosa, MN 56325 | October 25, 1919 | Full Service Brick and Mortar |  |
| 2 | 420189 | Willmar Branch | 2800 First Street South, Willmar, MN 56201 | August 25, 2003 | Full Service Brick and Mortar | |
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