State Bank of Bellingham in Bellingham, Minnesota (MN)
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 5 |
| Total assets | $37,207 |
| Cash and due from depository institutions | $3,098 |
| Interest-bearing balances | $0 |
| Securities | $1,384 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $31,235 |
| Loan loss allowance | $237 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $31 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,459 |
| Life insurance assets | $37,207 |
| Total liabilities and capital | $34,411 |
| Total liabilities | $32,928 |
| Total deposits | $27,388 |
| Interest-bearing deposits | $32,928 |
| Deposits held in domestic offices | $94 |
| % insured (estimated) | 350.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $1,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $133 |
| All other liabilities | $2,796 |
| Total equity capital | $2,796 |
| Total bank equity capital | $2,796 |
| Perpetual preferred stock | $0 |
| Common stock | $66 |
| Surplus | $2,334 |
| Undivided profits | $396 |
| 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) | $769 |
| Average Assets, year-to-date | $32,619 |
| Average Assets, quarterly | $1,083 |
| Volatile liabilities | $33,154 |
| Insider loans | $34,858 |
| FHLB advances | $25,621 |
| Loans and leases held for sale | $34,272 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $2,796 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $455 |
| Derivatives | $1,170 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,832 |
| Total interest expense | $528 |
| Net interest income | $1,304 |
| Provision for loan and lease losses | $12 |
| Total noninterest income | $34 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $24 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $10 |
| Total noninterest expense | $671 |
| Salaries and employee benefits | $458 |
| Premises and equipment expense | $30 |
| Additional noninterest expense | $183 |
| Pre-tax net operating income | $655 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $252 |
| Income before extraordinary items | $403 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $403 |
| Net charge-offs | $0 |
| Cash dividends | $403 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $150 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.06% |
| Cost of funding earning assets | 1.75% |
| Net interest margin | 4.31% |
| Noninterest income to earning assets | 0.11% |
| Noninterest expense to earning assets | 2.22% |
| Net operating income to assets | 1.22% |
| Return on assets (ROA) | 1.22% |
| Pretax return on assets | 1.98% |
| Return on equity (ROE) | 15.50% |
| Retained earnings to average equity (YTD only) | 9.73% |
| Net charge-offs to loans | 0.00% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $50,149 |
| Cash dividends to net income (YTD only) | 7.44% |
| Condition Ratios (%) | |
| Loss allowance to loans | 37.22% |
| Loss allowance to noncurrent loans | 0.75% |
| 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 | 94.86% |
| Equity capital to assets | 99.06% |
| Core capital (leverage) ratio | 7.51% |
| Tier 1 risk-based capital ratio | 8.16% |
| Total risk-based capital ratio | 10.91% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $33,154 |
| Average equity | $2,601 |
| Average loans | $30,249 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 11118 | State Bank Of Bellingham | 201 Main Ave, Bellingham, MN 56212 | March 09, 1942 | Full Service Brick and Mortar |  |
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