FDIC Certificate #: 10196 Status: Active Federal Reserve ID: 374354 Bank Holding Company (Regulatory Top Holder): Crookston Financial Services, Inc. (RSSDID: 1126907, Location: Crookston, MN) Date Established: January 01, 1916 WWW:http://www.crookstonnationalbank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 6535 Numeric code: 3 Regulator: OCC 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: No 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: 1901 Sahlstrom Drive, Crookston, MN 56716 County: Polk 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 Metropolitan Statistical Area (MSA): Grand Forks, ND-MN (#2985) Core Based Statistical Area (CBSA): Grand Forks, ND-MN (#24220) CBSA Metro Statistical Area: Grand Forks, ND-MN (#24220)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $56.7 mil Equity capital: $4.4 mil Deposits held in domestic offices: $52.2 mil Return on assets (ROA): 0.84% ($0.5 mil) Quarterly return on assets: 0.64% ($0.4 mil) Return on Equity (ROE): 10.40% ($0.4 mil) Quarterly return on equity: 7.85% ($0.3 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.84% ($476.2 mil) Quarterly Pretax return on assets: 0.64% ($362.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
12Total employees (full-time equivalent)
$56,686Total assets
$15,482Cash and due from depository institutions
$11,671Interest-bearing balances
$14,555Securities
$0Federal funds sold & reverse repurchase agreements
$25,301Net loans & leases
$389Loan loss allowance
$0Trading account assets
$480Bank premises and fixed assets
$126Other real estate owned
$0Goodwill and other intangibles
$56,686Life insurance assets
$742All other assets
$52,276Total liabilities and capital
$52,207Total liabilities
$41,461Total deposits
$52,207Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$69Subordinated debt
$4,410All other liabilities
$4,410Total equity capital
$4,410Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$110Surplus
$4,200Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$365Long-term assets (5+ years)
$51,527Average Assets, year-to-date
$1,354Average Assets, quarterly
$52,793Volatile liabilities
$53,661Insider loans
$27,221FHLB advances
$53,066Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,324Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,487Restructured Loans and leases
$1,004Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,696Total interest income
$264Total interest expense
$1,432Net interest income
$18Provision for loan and lease losses
$186Total noninterest income
$0Fiduciary activities
$92Service charges on deposit accounts
$0Trading account gains & fees
$94Additional noninterest income
$1,166Total noninterest expense
$606Salaries and employee benefits
$165Premises and equipment expense
$395Additional noninterest expense
$434Pre-tax net operating income
$10Securities gains (losses)
$0Applicable income taxes
$444Income before extraordinary items
$0Extraordinary gains - net
$444Net income attributable to bank
$0Net charge-offs
$444Cash dividends
$0Sale, conversion, retirement of capital stock, net
$187Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.46%Yield on earning assets
0.54%Cost of funding earning assets
2.93%Net interest margin
0.38%Noninterest income to earning assets
2.38%Noninterest expense to earning assets
0.82%Net operating income to assets
0.84%Return on assets (ROA)
0.84%Pretax return on assets
10.40%Return on equity (ROE)
6.02%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
72,064Assets per employee
4.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.12%Loss allowance to loans
1.51%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.00%Net loans and leases to deposits
48.46%Net loans and leases to core deposits
49.09%Equity capital to assets
7.78%Core capital (leverage) ratio
8.15%Tier 1 risk-based capital ratio
15.88%Total risk-based capital ratio
Memoranda
$17Average assets
$52,793Average earning assets
$4,268Average equity
$48,950Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6535
Crookston National Bank
1901 Sahlstrom Drive, Crookston, MN 56716
January 01, 1916
Full Service Brick and Mortar
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