St. Martin National Bank in Saint Martin, Minnesota (MN)
| St. Martin National Bank | |
|---|---|
| General | FDIC Certificate #: 18937 Status: Active Federal Reserve ID: 856159 Date Established: November 12, 1963 WWW: http://www.stmartinnationalbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 12784 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: November 12, 1963 Last Structure Change Effective Date: March 18, 2008 Last Structure Change Process Date: June 10, 2008 Last Data Update: June 10, 2008 Data Source Date: April 05, 2012 |
| Location | Address: 136 Main Street, Saint Martin, MN 56376 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 | Change in Location |
| Financial Summary | Total assets: $19.0 mil Equity capital: $2.5 mil Deposits held in domestic offices: $16.5 mil Return on assets (ROA): 1.55% ($0.3 mil) Quarterly return on assets: 1.13% ($0.2 mil) Return on Equity (ROE): 11.64% ($0.2 mil) Quarterly return on equity: 8.41% ($0.2 mil) Net income: $0.3 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.55% ($294.0 mil) Quarterly Pretax return on assets: 1.13% ($214.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 6 |
| Total assets | $18,966 |
| Cash and due from depository institutions | $4,202 |
| Interest-bearing balances | $2,060 |
| Securities | $4,094 |
| Federal funds sold & reverse repurchase agreements | $500 |
| Net loans & leases | $9,761 |
| Loan loss allowance | $171 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $201 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $208 |
| Life insurance assets | $18,966 |
| Total liabilities and capital | $16,476 |
| Total liabilities | $16,461 |
| Total deposits | $12,968 |
| Interest-bearing deposits | $16,461 |
| Deposits held in domestic offices | $100 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $15 |
| All other liabilities | $2,490 |
| Total equity capital | $2,490 |
| Total bank equity capital | $2,490 |
| Perpetual preferred stock | $0 |
| Common stock | $50 |
| Surplus | $50 |
| Undivided profits | $2,390 |
| 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 | $0 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $67 |
| Average Assets, year-to-date | $16,415 |
| Average Assets, quarterly | $3,341 |
| Volatile liabilities | $18,289 |
| Insider loans | $18,787 |
| FHLB advances | $9,878 |
| Loans and leases held for sale | $18,292 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $2,414 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $654 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $748 |
| Total interest expense | $103 |
| Net interest income | $645 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $217 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $29 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $188 |
| Total noninterest expense | $578 |
| Salaries and employee benefits | $369 |
| Premises and equipment expense | $80 |
| Additional noninterest expense | $129 |
| Pre-tax net operating income | $284 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $1 |
| Income before extraordinary items | $283 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $283 |
| Net charge-offs | $0 |
| Cash dividends | $283 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $177 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.57% |
| Cost of funding earning assets | 0.63% |
| Net interest margin | 3.94% |
| Noninterest income to earning assets | 1.32% |
| Noninterest expense to earning assets | 3.53% |
| Net operating income to assets | 1.55% |
| Return on assets (ROA) | 1.55% |
| Pretax return on assets | 1.55% |
| Return on equity (ROE) | 11.64% |
| Retained earnings to average equity (YTD only) | 4.36% |
| Net charge-offs to loans | 0.00% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $67,053 |
| Cash dividends to net income (YTD only) | 3.16% |
| Condition Ratios (%) | |
| Loss allowance to loans | 62.54% |
| Loss allowance to noncurrent loans | 1.72% |
| Noncurrent assets plus other real estate owned to assets | 0.00% |
| Noncurrent loans to loans | 0.00% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 59.30% |
| Equity capital to assets | 59.30% |
| Core capital (leverage) ratio | 13.13% |
| Tier 1 risk-based capital ratio | 13.20% |
| Total risk-based capital ratio | 24.44% |
| Memoranda | |
| Average assets | $26 |
| Average earning assets | $18,289 |
| Average equity | $2,432 |
| Average loans | $16,385 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 12784 | St. Martin National Bank | 136 Main Street, Saint Martin, MN 56376 | November 12, 1963 | Full Service Brick and Mortar |  |
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