Blackduck State Bank in Blackduck, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 12, 1996

Blackduck State Bank in Blackduck, Minnesota (MN)
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Blackduck State Bank - Overview

General
FDIC Certificate #: 1912
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Northern National Bank (#13811)
Federal Reserve ID: 304052
Date Established: January 01, 1916
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 1277
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 12, 1996
Last Structure Change Process Date: January 23, 1996
Last Data Update: January 23, 1996
Data Source Date: April 05, 2012
Location
Address: Summit Avenue And Main Street, Blackduck, MN 56630
County: Beltrami
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): Bemidji, MN (#13420)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $23.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$14Total assets
$23,718Cash and due from depository institutions
$1,015Interest-bearing balances
$0Securities
$7,024Federal funds sold & reverse repurchase agreements
$1,375Net loans & leases
$13,773Loan loss allowance
$321Trading account assets
$0Bank premises and fixed assets
$274Other real estate owned
$0Goodwill and other intangibles
$186Life insurance assets
$71All other assets
$0Total liabilities and capital
$23,718Total liabilities
$20,916Total deposits
$20,588Interest-bearing deposits
$17,190Deposits held in domestic offices
20588.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$122Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$206Total equity capital
$206Total bank equity capital
$2,802Perpetual preferred stock
$0Common stock
$117Surplus
$2,229Undivided profits
Memoranda
$456Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$220Income earned, not collected on loans
$112Earning assets
$22,172Long-term assets (5+ years)
$4,970Average Assets, year-to-date
$23,331Average Assets, quarterly
$23,491Volatile liabilities
$252Insider loans
$300FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$994Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,711Total risk weighted assets
$14,119Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$1,761Total interest expense
$657Net interest income
$1,104Provision for loan and lease losses
$0Total noninterest income
$181Fiduciary activities
$0Service charges on deposit accounts
$137Trading account gains & fees
$0Additional noninterest income
$44Total noninterest expense
$763Salaries and employee benefits
$393Premises and equipment expense
$64Additional noninterest expense
$306Pre-tax net operating income
$522Securities gains (losses)
$10Applicable income taxes
$197Income before extraordinary items
$335Extraordinary gains - net
$0Net income attributable to bank
$335Net charge-offs
-$13Cash dividends
$320Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.11%Cost of funding earning assets
3.03%Net interest margin
5.08%Noninterest income to earning assets
0.83%Noninterest expense to earning assets
3.51%Net operating income to assets
1.41%Return on assets (ROA)
1.44%Pretax return on assets
2.28%Return on equity (ROE)
12.91%Retained earnings to average equity (YTD only)
0.58%Net charge-offs to loans
-0.10%Credit loss provision to net charge-offs
0.00%Efficiency ratio
58,599Assets per employee
1.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
95.52%Loss allowance to loans
2.28%Loss allowance to noncurrent loans
145.91%Noncurrent assets plus other real estate owned to assets
0.93%Noncurrent loans to loans
1.56%Net loans and leases to deposits
66.90%Net loans and leases to core deposits
67.32%Equity capital to assets
11.81%Core capital (leverage) ratio
11.50%Tier 1 risk-based capital ratio
19.20%Total risk-based capital ratio
Memoranda
$20Average assets
$23,331Average earning assets
$2,595Average equity
$21,717Average loans

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