FDIC Certificate #: 16225 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Border State Bank (#15684) Federal Reserve ID: 95855 Date Established: January 16, 1945 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 9609 FDIC's unique #: 10424 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 16, 1945 Last Structure Change Effective Date: May 12, 2003 Last Structure Change Process Date: June 20, 2003 Last Data Update: June 20, 2003 Data Source Date: April 05, 2012
Location
Address: 1528 Highway 58 South, Thief River Falls, MN 56701 County: Pennington 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: $54.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
17Total employees (full-time equivalent)
$53,313Total assets
$6,149Cash and due from depository institutions
$3,367Interest-bearing balances
$12,285Securities
$4,443Federal funds sold & reverse repurchase agreements
$26,551Net loans & leases
$474Loan loss allowance
$0Trading account assets
$1,488Bank premises and fixed assets
$19Other real estate owned
$1,226Goodwill and other intangibles
$0Life insurance assets
$1,152All other assets
$53,313Total liabilities and capital
$47,396Total liabilities
$45,059Total deposits
$38,843Interest-bearing deposits
$45,059Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,070Other borrowed funds
$0Subordinated debt
$267All other liabilities
$5,917Total equity capital
$5,917Total bank equity capital
$5,917Perpetual preferred stock
$0Common stock
$150Surplus
$5,544Undivided profits
Memoranda
$223Noncurrent loans and leases
$2,952Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$96Earning assets
$0Long-term assets (5+ years)
$433Average Assets, year-to-date
$46,646Average Assets, quarterly
$6,688Volatile liabilities
$49,585Insider loans
$52,112FHLB advances
$4,108Loans and leases held for sale
$18Unused loan commitments
$2,070Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,952Total unused commitments
$0Restructured Loans and leases
$391Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$1,894Total interest income
$663Total interest expense
$1,231Net interest income
-$130Provision for loan and lease losses
$209Total noninterest income
$0Fiduciary activities
$182Service charges on deposit accounts
$0Trading account gains & fees
$27Additional noninterest income
$991Total noninterest expense
$563Salaries and employee benefits
$148Premises and equipment expense
$280Additional noninterest expense
$579Pre-tax net operating income
$0Securities gains (losses)
$277Applicable income taxes
$302Income before extraordinary items
$0Extraordinary gains - net
$302Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$75Sale, conversion, retirement of capital stock, net
$124Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.25%Yield on earning assets
1.49%Cost of funding earning assets
2.76%Net interest margin
0.47%Noninterest income to earning assets
2.23%Noninterest expense to earning assets
0.61%Net operating income to assets
0.61%Return on assets (ROA)
1.17%Pretax return on assets
6.13%Return on equity (ROE)
3.62%Retained earnings to average equity (YTD only)
-0.28%Net charge-offs to loans
173.33%Credit loss provision to net charge-offs
0.00%Efficiency ratio
68,819Assets per employee
3.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
41.06%Loss allowance to loans
1.75%Loss allowance to noncurrent loans
493.75%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.36%Net loans and leases to deposits
58.92%Net loans and leases to core deposits
64.40%Equity capital to assets
11.10%Core capital (leverage) ratio
9.32%Tier 1 risk-based capital ratio
14.91%Total risk-based capital ratio
Memoranda
$16Average assets
$49,585Average earning assets
$4,924Average equity
$44,535Average loans
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