FDIC Certificate #: 16777 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Border State Bank (#15684) Federal Reserve ID: 300559 Date Established: March 18, 1949 WWW:http://www.borderstatebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 11355 FDIC's unique #: 10888 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: March 21, 1949 Last Structure Change Effective Date: August 11, 2003 Last Structure Change Process Date: September 02, 2003 Last Data Update: September 02, 2003 Data Source Date: April 05, 2012
Location
Address: 1083 Third Street Northwest, Roseau, MN 56751 County: Roseau 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
Financial Summary
Total assets: $77.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
40Total employees (full-time equivalent)
$75,404Total assets
$3,704Cash and due from depository institutions
$0Interest-bearing balances
$6,153Securities
$1,305Federal funds sold & reverse repurchase agreements
$60,006Net loans & leases
$597Loan loss allowance
$0Trading account assets
$2,718Bank premises and fixed assets
$104Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,414All other assets
$75,404Total liabilities and capital
$69,581Total liabilities
$61,477Total deposits
$50,712Interest-bearing deposits
$61,477Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,234Other borrowed funds
$0Subordinated debt
$870All other liabilities
$5,823Total equity capital
$5,823Total bank equity capital
$5,823Perpetual preferred stock
$0Common stock
$100Surplus
$3,678Undivided profits
Memoranda
$2,045Noncurrent loans and leases
$7,978Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$515Earning assets
$34Long-term assets (5+ years)
$618Average Assets, year-to-date
$67,464Average Assets, quarterly
$7,857Volatile liabilities
$71,792Insider loans
$75,395FHLB advances
$7,878Loans and leases held for sale
$813Unused loan commitments
$7,234Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,738Total risk weighted assets
$7,978Total unused commitments
$0Restructured Loans and leases
$597Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$5,117Total interest income
$1,732Total interest expense
$3,385Net interest income
$285Provision for loan and lease losses
$782Total noninterest income
$0Fiduciary activities
$390Service charges on deposit accounts
$0Trading account gains & fees
$392Additional noninterest income
$2,755Total noninterest expense
$1,497Salaries and employee benefits
$458Premises and equipment expense
$800Additional noninterest expense
$1,127Pre-tax net operating income
$0Securities gains (losses)
$454Applicable income taxes
$673Income before extraordinary items
$0Extraordinary gains - net
$673Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$170Sale, conversion, retirement of capital stock, net
$111Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.96%Yield on earning assets
2.69%Cost of funding earning assets
5.26%Net interest margin
1.22%Noninterest income to earning assets
4.28%Noninterest expense to earning assets
0.94%Net operating income to assets
0.94%Return on assets (ROA)
1.57%Pretax return on assets
12.19%Return on equity (ROE)
10.18%Retained earnings to average equity (YTD only)
0.29%Net charge-offs to loans
167.65%Credit loss provision to net charge-offs
8.31%Efficiency ratio
66,115Assets per employee
1.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
16.49%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
115.92%Noncurrent assets plus other real estate owned to assets
0.82%Noncurrent loans to loans
0.85%Net loans and leases to deposits
97.61%Net loans and leases to core deposits
110.63%Equity capital to assets
7.72%Core capital (leverage) ratio
7.57%Tier 1 risk-based capital ratio
9.74%Total risk-based capital ratio
Memoranda
$11Average assets
$71,792Average earning assets
$5,521Average equity
$64,311Average loans
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