FDIC Certificate #: 10993 Status: Active Federal Reserve ID: 107758 Date Established: Febuary 22, 1894 WWW:http://www.bvsb.net Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 7044 Numeric code: 21 Regulator: FDIC 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: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural 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: First Street And Central Avenue, Brooten, MN 56316 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $48.1 mil Equity capital: $4.2 mil Deposits held in domestic offices: $39.6 mil Return on assets (ROA): 0.63% ($0.3 mil) Quarterly return on assets: -0.25% (-$0.1 mil) Return on Equity (ROE): 7.27% ($0.3 mil) Quarterly return on equity: -2.91% (-$0.1 mil) Net income: $0.3 mil Quarterly Net income: -$0.0 mil Pretax return on assets: 0.63% ($303.3 mil) Quarterly Pretax return on assets: -0.25% (-$120.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
10Total employees (full-time equivalent)
$48,137Total assets
$4,161Cash and due from depository institutions
$3,037Interest-bearing balances
$3,281Securities
$0Federal funds sold & reverse repurchase agreements
$38,533Net loans & leases
$525Loan loss allowance
$0Trading account assets
$307Bank premises and fixed assets
$87Other real estate owned
$0Goodwill and other intangibles
$48,137Life insurance assets
$1,768All other assets
$43,890Total liabilities and capital
$39,582Total liabilities
$37,060Total deposits
$39,582Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,122Trading liabilities
$0Other borrowed funds
$186Subordinated debt
$4,247All other liabilities
$4,247Total equity capital
$4,247Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$3,734Surplus
$413Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,797Income earned, not collected on loans
$0Earning assets
$425Long-term assets (5+ years)
$44,851Average Assets, year-to-date
$10,021Average Assets, quarterly
$49,449Volatile liabilities
$49,502Insider loans
$44,082FHLB advances
$50,505Loans and leases held for sale
$650Unused loan commitments
$650Tier 1 (core) risk-based capital
$4,147Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$7,018Restructured Loans and leases
$65Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,656Total interest income
$801Total interest expense
$1,855Net interest income
$360Provision for loan and lease losses
$122Total noninterest income
$0Fiduciary activities
$85Service charges on deposit accounts
$0Trading account gains & fees
$37Additional noninterest income
$1,363Total noninterest expense
$700Salaries and employee benefits
$158Premises and equipment expense
$505Additional noninterest expense
$254Pre-tax net operating income
$59Securities gains (losses)
$0Applicable income taxes
$313Income before extraordinary items
$0Extraordinary gains - net
$313Net income attributable to bank
$0Net charge-offs
$313Cash dividends
$243Sale, conversion, retirement of capital stock, net
$568Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.73%Yield on earning assets
1.73%Cost of funding earning assets
4.00%Net interest margin
0.26%Noninterest income to earning assets
2.94%Noninterest expense to earning assets
0.51%Net operating income to assets
0.63%Return on assets (ROA)
0.63%Pretax return on assets
7.27%Return on equity (ROE)
-5.93%Retained earnings to average equity (YTD only)
0.61%Net charge-offs to loans
148.15%Credit loss provision to net charge-offs
2.53%Efficiency ratio
68,943Assets per employee
4.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
181.47%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
29.22%Noncurrent assets plus other real estate owned to assets
3.91%Noncurrent loans to loans
4.60%Net loans and leases to deposits
97.35%Net loans and leases to core deposits
120.45%Equity capital to assets
8.82%Core capital (leverage) ratio
8.21%Tier 1 risk-based capital ratio
9.41%Total risk-based capital ratio
Memoranda
$11Average assets
$49,449Average earning assets
$4,303Average equity
$46,347Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
7044
Bonanza Valley State Bank
First Street And Central Avenue, Brooten, MN 56316
Febuary 22, 1894
Full Service Brick and Mortar
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