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)
  • Show street view No street view available for this location

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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