FDIC Certificate #: 16633 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First State Bank of Bigfork (#10991) Federal Reserve ID: 910659 Date Established: July 05, 1916 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 11585 FDIC's unique #: 10773 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: October 14, 1947 Last Structure Change Effective Date: January 01, 2011 Last Structure Change Process Date: Febuary 07, 2011 Last Data Update: Febuary 07, 2011 Data Source Date: April 05, 2012
Location
Address: 184 Main St, Kelliher, MN 56650 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: $15.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
8Total employees (full-time equivalent)
$15,503Total assets
$3,063Cash and due from depository institutions
$1,065Interest-bearing balances
$853Securities
$0Federal funds sold & reverse repurchase agreements
$10,771Net loans & leases
$156Loan loss allowance
$0Trading account assets
$185Bank premises and fixed assets
$353Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$278All other assets
$15,503Total liabilities and capital
$14,004Total liabilities
$12,987Total deposits
$11,365Interest-bearing deposits
$12,987Deposits held in domestic offices
90.83%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,000Other borrowed funds
$0Subordinated debt
$17All other liabilities
$1,499Total equity capital
$1,499Total bank equity capital
$1,499Perpetual preferred stock
$0Common stock
$90Surplus
$1,160Undivided profits
Memoranda
$249Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$450Earning assets
$0Long-term assets (5+ years)
$68Average Assets, year-to-date
$12,689Average Assets, quarterly
$1,198Volatile liabilities
$15,897Insider loans
$15,784FHLB advances
$2,350Loans and leases held for sale
$0Unused loan commitments
$1,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$130Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$842Total interest income
$320Total interest expense
$522Net interest income
$48Provision for loan and lease losses
$71Total noninterest income
$0Fiduciary activities
$72Service charges on deposit accounts
$0Trading account gains & fees
-$1Additional noninterest income
$579Total noninterest expense
$337Salaries and employee benefits
$59Premises and equipment expense
$183Additional noninterest expense
-$34Pre-tax net operating income
$40Securities gains (losses)
$9Applicable income taxes
-$3Income before extraordinary items
$0Extraordinary gains - net
-$3Net income attributable to bank
$0Net charge-offs
-$3Cash dividends
$24Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.13%Yield on earning assets
2.33%Cost of funding earning assets
3.80%Net interest margin
0.52%Noninterest income to earning assets
4.22%Noninterest expense to earning assets
-0.18%Net operating income to assets
-0.02%Return on assets (ROA)
0.04%Pretax return on assets
-0.20%Return on equity (ROE)
-0.20%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
200.00%Credit loss provision to net charge-offs
0.58%Efficiency ratio
97,639Assets per employee
1.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
34.67%Noncurrent assets plus other real estate owned to assets
5.18%Noncurrent loans to loans
4.12%Net loans and leases to deposits
82.94%Net loans and leases to core deposits
101.26%Equity capital to assets
9.67%Core capital (leverage) ratio
9.41%Tier 1 risk-based capital ratio
14.33%Total risk-based capital ratio
Memoranda
$16Average assets
$15,897Average earning assets
$1,497Average equity
$13,732Average loans
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