Northern State Bank of Thief River Falls in Thief River Falls, Minnesota (MN)
| Northern State Bank of Thief River Falls | |
|---|---|
| General | FDIC Certificate #: 15286 Status: Active Federal Reserve ID: 188056 Bank Holding Company (Regulatory Top Holder): Gato Holdings, Inc. (RSSDID: 1907106, Location: Thief River Falls, MN) Date Established: August 24, 1935 WWW: http://www.nsbtrf.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 #: 10910 FDIC's unique #: 9630 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: October 02, 1935 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: 201 East Third Street, Thief River Falls, MN 56701 County: Pennington Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Grand Forks Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $267.7 mil Equity capital: $29.7 mil Deposits held in domestic offices: $230.7 mil Return on assets (ROA): 1.47% ($3.9 mil) Quarterly return on assets: 1.46% ($3.9 mil) Return on Equity (ROE): 13.02% ($3.9 mil) Quarterly return on equity: 12.84% ($3.9 mil) Net income: $3.7 mil Quarterly Net income: $0.9 mil Pretax return on assets: 1.47% ($3,935.0 mil) Quarterly Pretax return on assets: 1.46% ($3,908.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 45 |
| Total assets | $267,688 |
| Cash and due from depository institutions | $131,938 |
| Interest-bearing balances | $124,538 |
| Securities | $22,692 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $109,849 |
| Loan loss allowance | $2,272 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $788 |
| Other real estate owned | $375 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,046 |
| Life insurance assets | $267,688 |
| Total liabilities and capital | $238,013 |
| Total liabilities | $230,742 |
| Total deposits | $194,189 |
| Interest-bearing deposits | $230,742 |
| Deposits held in domestic offices | $78 |
| % insured (estimated) | 6502.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $341 |
| Other borrowed funds | $0 |
| Subordinated debt | $428 |
| All other liabilities | $29,675 |
| Total equity capital | $29,675 |
| Total bank equity capital | $29,675 |
| Perpetual preferred stock | $0 |
| Common stock | $500 |
| Surplus | $11,500 |
| Undivided profits | $17,675 |
| 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 | $1,867 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,301 |
| Average Assets, year-to-date | $257,079 |
| Average Assets, quarterly | $6,047 |
| Volatile liabilities | $251,209 |
| Insider loans | $258,710 |
| FHLB advances | $106,896 |
| Loans and leases held for sale | $256,265 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $29,564 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $13,981 |
| Derivatives | $380 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $8,170 |
| Total interest expense | $1,501 |
| Net interest income | $6,669 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $864 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $416 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $448 |
| Total noninterest expense | $3,833 |
| Salaries and employee benefits | $2,312 |
| Premises and equipment expense | $324 |
| Additional noninterest expense | $1,197 |
| Pre-tax net operating income | $3,700 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $2 |
| Income before extraordinary items | $3,698 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,698 |
| Net charge-offs | $0 |
| Cash dividends | $3,698 |
| Sale, conversion, retirement of capital stock, net | -$650 |
| Net operating income | $2,176 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.39% |
| Cost of funding earning assets | 0.62% |
| Net interest margin | 2.77% |
| Noninterest income to earning assets | 0.36% |
| Noninterest expense to earning assets | 1.59% |
| Net operating income to assets | 1.47% |
| Return on assets (ROA) | 1.47% |
| Pretax return on assets | 1.47% |
| Return on equity (ROE) | 13.02% |
| Retained earnings to average equity (YTD only) | 5.36% |
| Net charge-offs to loans | -0.61% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $50,883 |
| Cash dividends to net income (YTD only) | 5.95% |
| Condition Ratios (%) | |
| Loss allowance to loans | 58.84% |
| Loss allowance to noncurrent loans | 2.03% |
| Noncurrent assets plus other real estate owned to assets | 121.69% |
| Noncurrent loans to loans | 0.84% |
| Net loans and leases to deposits | 1.67% |
| Net loans and leases to core deposits | 47.61% |
| Equity capital to assets | 48.18% |
| Core capital (leverage) ratio | 11.09% |
| Tier 1 risk-based capital ratio | 11.54% |
| Total risk-based capital ratio | 27.66% |
| Memoranda | |
| Average assets | $29 |
| Average earning assets | $251,209 |
| Average equity | $28,409 |
| Average loans | $240,876 |
| 3 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 9630 | Northern State Bank Of Thief River F | 201 East Third Street, Thief River Falls, MN 56701 | August 24, 1935 | Full Service Brick and Mortar |  |
| 1 | 41875 | First Federal Branch | 214 East Third Street, Thief River Falls, MN 56701 | July 01, 1934 | Limited Service Facility |  |
| 5 | 359986 | Hugo's Supermarket Branch | First Street And Pennington Avenue, Thief River Falls, MN 56701 | August 24, 2000 | Full Service Brick and Mortar | |
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