Pine River State Bank in Pine River, Minnesota (MN)
| Pine River State Bank | |
|---|---|
| General | FDIC Certificate #: 10194 Status: Active Federal Reserve ID: 729057 Bank Holding Company (Regulatory Top Holder): Norbanc Group Inc. (RSSDID: 1128424, Location: Pine River, MN) Date Established: January 22, 1918 WWW: http://www.pineriverstatebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Domestic: 5, Interstate: No) OTS Docket #: 13845 FDIC's unique #: 6533 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: 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: 103 Mill Street, Pine River, MN 56474 County: Cass 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 Core Based Statistical Area (CBSA): Brainerd, MN (#14660) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $89.4 mil Equity capital: $8.4 mil Deposits held in domestic offices: $80.5 mil Return on assets (ROA): 0.30% ($0.3 mil) Quarterly return on assets: -0.39% (-$0.3 mil) Return on Equity (ROE): 3.20% ($0.3 mil) Quarterly return on equity: -4.18% (-$0.3 mil) Net income: $0.3 mil Quarterly Net income: -$0.1 mil Pretax return on assets: 0.30% ($268.1 mil) Quarterly Pretax return on assets: -0.39% (-$348.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 37 |
| Total assets | $89,352 |
| Cash and due from depository institutions | $8,324 |
| Interest-bearing balances | $6,242 |
| Securities | $16,239 |
| Federal funds sold & reverse repurchase agreements | $9,505 |
| Net loans & leases | $50,548 |
| Loan loss allowance | $850 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,111 |
| Other real estate owned | $274 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,351 |
| Life insurance assets | $89,352 |
| Total liabilities and capital | $80,981 |
| Total liabilities | $80,478 |
| Total deposits | $66,736 |
| Interest-bearing deposits | $80,478 |
| Deposits held in domestic offices | $89 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $300 |
| Other borrowed funds | $0 |
| Subordinated debt | $203 |
| All other liabilities | $8,371 |
| Total equity capital | $8,371 |
| Total bank equity capital | $8,371 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $4,500 |
| Undivided profits | $3,771 |
| 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 | $328 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $446 |
| Average Assets, year-to-date | $82,534 |
| Average Assets, quarterly | $3,173 |
| Volatile liabilities | $88,065 |
| Insider loans | $89,497 |
| FHLB advances | $55,617 |
| Loans and leases held for sale | $89,500 |
| Unused loan commitments | $196 |
| Tier 1 (core) risk-based capital | $196 |
| Tier 2 risk-based capital | $8,023 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $4,432 |
| Derivatives | $17 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,040 |
| Total interest expense | $756 |
| Net interest income | $3,284 |
| Provision for loan and lease losses | $426 |
| Total noninterest income | $390 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $235 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $155 |
| Total noninterest expense | $2,983 |
| Salaries and employee benefits | $1,803 |
| Premises and equipment expense | $473 |
| Additional noninterest expense | $707 |
| Pre-tax net operating income | $265 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $2 |
| Income before extraordinary items | $263 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $263 |
| Net charge-offs | $0 |
| Cash dividends | $263 |
| Sale, conversion, retirement of capital stock, net | $277 |
| Net operating income | $127 |
| 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 | 0.93% |
| Net interest margin | 4.04% |
| Noninterest income to earning assets | 0.48% |
| Noninterest expense to earning assets | 3.67% |
| Net operating income to assets | 0.30% |
| Return on assets (ROA) | 0.30% |
| Pretax return on assets | 0.30% |
| Return on equity (ROE) | 3.20% |
| Retained earnings to average equity (YTD only) | 1.66% |
| Net charge-offs to loans | 0.52% |
| Credit loss provision to net charge-offs | 153.79% |
| Efficiency ratio | 2.49% |
| Assets per employee | $81,192 |
| Cash dividends to net income (YTD only) | 2.41% |
| Condition Ratios (%) | |
| Loss allowance to loans | 48.29% |
| Loss allowance to noncurrent loans | 1.65% |
| Noncurrent assets plus other real estate owned to assets | 259.15% |
| Noncurrent loans to loans | 0.67% |
| Net loans and leases to deposits | 0.64% |
| Net loans and leases to core deposits | 62.81% |
| Equity capital to assets | 63.85% |
| Core capital (leverage) ratio | 9.37% |
| Tier 1 risk-based capital ratio | 8.96% |
| Total risk-based capital ratio | 14.43% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $88,065 |
| Average equity | $8,210 |
| Average loans | $81,237 |
| 5 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6533 | Pine River State Bank | 103 Mill Street, Pine River, MN 56474 | January 22, 1918 | Full Service Brick and Mortar |  |
| 1 | 221998 | Detached Facility | 40099 State Highway 6, Emily, MN 56447 | June 02, 1980 | Full Service Brick and Mortar |  |
| 3 | 222000 | Breezy Point Branch | 31019 Wildwood Court, Breezy Point, MN 56472 | May 15, 1995 | Full Service Brick and Mortar | |
| 4 | 222001 | Pillager Branch | 201 River Street North, Pillager, MN 56473 | June 15, 1999 | Full Service Brick and Mortar | |
| 5 | 445482 | Burns Township Branch | 8141 Viking Blvd Nw, Elk River, MN 55330 | August 15, 2005 | Full Service Brick and Mortar | |
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