Northern Star Bank in Mankato, Minnesota (MN)
| Northern Star Bank | |
|---|---|
| General | FDIC Certificate #: 34983 Status: Active Federal Reserve ID: 2729604 Bank Holding Company (Regulatory Top Holder): Northern Star Financial, Inc. (RSSDID: 2729592, Location: Mankato, MN) Date Established: January 25, 1999 WWW: http://www.northernstarbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 73805 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: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 25, 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: 1650 Madison Avenue, Mankato, MN 56001 County: Blue Earth Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Mankato Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Mankato-North Mankato, MN (#31860) CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $30.0 mil Equity capital: $1.3 mil Deposits held in domestic offices: $28.2 mil Return on assets (ROA): -2.65% (-$0.8 mil) Quarterly return on assets: -1.13% (-$0.3 mil) Return on Equity (ROE): -61.70% (-$0.6 mil) Quarterly return on equity: -28.63% (-$0.3 mil) Net income: -$0.9 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -2.65% (-$794.1 mil) Quarterly Pretax return on assets: -1.13% (-$338.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 11 |
| Total assets | $29,965 |
| Cash and due from depository institutions | $3,505 |
| Interest-bearing balances | $1,038 |
| Securities | $2,378 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $20,271 |
| Loan loss allowance | $509 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $120 |
| Other real estate owned | $2,002 |
| Goodwill and other intangibles | $25 |
| All other assets | $1,664 |
| Life insurance assets | $29,965 |
| Total liabilities and capital | $28,642 |
| Total liabilities | $28,239 |
| Total deposits | $24,111 |
| Interest-bearing deposits | $28,239 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $230 |
| Other borrowed funds | $0 |
| Subordinated debt | $173 |
| All other liabilities | $1,323 |
| Total equity capital | $1,323 |
| Total bank equity capital | $1,323 |
| Perpetual preferred stock | $0 |
| Common stock | $250 |
| Surplus | $6,292 |
| Undivided profits | $-5,219 |
| 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 | $928 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $120 |
| Average Assets, year-to-date | $23,687 |
| Average Assets, quarterly | $5,642 |
| Volatile liabilities | $34,106 |
| Insider loans | $31,423 |
| FHLB advances | $24,077 |
| Loans and leases held for sale | $31,800 |
| Unused loan commitments | $1,297 |
| Tier 1 (core) risk-based capital | $1,297 |
| Tier 2 risk-based capital | $1,345 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,102 |
| Derivatives | $598 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,616 |
| Total interest expense | $424 |
| Net interest income | $1,192 |
| Provision for loan and lease losses | $358 |
| Total noninterest income | $126 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $35 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $91 |
| Total noninterest expense | $1,879 |
| Salaries and employee benefits | $819 |
| Premises and equipment expense | $307 |
| Additional noninterest expense | $753 |
| Pre-tax net operating income | -$919 |
| Securities gains (losses) | $16 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$903 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$903 |
| Net charge-offs | $0 |
| Cash dividends | -$903 |
| Sale, conversion, retirement of capital stock, net | $513 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.90% |
| Cost of funding earning assets | 1.55% |
| Net interest margin | 4.35% |
| Noninterest income to earning assets | 0.46% |
| Noninterest expense to earning assets | 6.86% |
| Net operating income to assets | -2.69% |
| Return on assets (ROA) | -2.65% |
| Pretax return on assets | -2.65% |
| Return on equity (ROE) | -61.70% |
| Retained earnings to average equity (YTD only) | -61.70% |
| Net charge-offs to loans | 2.12% |
| Credit loss provision to net charge-offs | 69.79% |
| Efficiency ratio | -1.09% |
| Assets per employee | $142,564 |
| Cash dividends to net income (YTD only) | 2.72% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.45% |
| Noncurrent assets plus other real estate owned to assets | 54.85% |
| Noncurrent loans to loans | 9.78% |
| Net loans and leases to deposits | 4.47% |
| Net loans and leases to core deposits | 71.78% |
| Equity capital to assets | 72.56% |
| Core capital (leverage) ratio | 4.42% |
| Tier 1 risk-based capital ratio | 4.23% |
| Total risk-based capital ratio | 5.59% |
| Memoranda | |
| Average assets | $7 |
| Average earning assets | $34,106 |
| Average equity | $1,464 |
| Average loans | $27,408 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 73805 | Northern Star Bank | 1650 Madison Avenue, Mankato, MN 56001 | January 25, 1999 | Full Service Brick and Mortar |  |
| 1 | 362281 | St. Cloud Branch | 300 East Saint Germain Street, Saint Cloud, MN 56304 | August 15, 2001 | Full Service Brick and Mortar |  |
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