FDIC Certificate #: 9734 Status: Active Federal Reserve ID: 711959 Bank Holding Company (Regulatory Top Holder): Murdock Bancor, Inc. (RSSDID: 1124707, Location: Mendota Heights, MN) Date Established: October 01, 1892 WWW:http://www.murdockbank.com 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 #: 6225 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: No 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: 520 Main Avenue, Murdock, MN 56271 County: Swift Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $9.5 mil Equity capital: $0.9 mil Deposits held in domestic offices: $8.6 mil Return on assets (ROA): -0.13% (-$0.0 mil) Quarterly return on assets: -0.50% (-$0.1 mil) Return on Equity (ROE): -1.37% (-$0.0 mil) Quarterly return on equity: -5.45% (-$0.1 mil) Net income: -$0.0 mil Quarterly Net income: -$0.0 mil Pretax return on assets: -0.14% (-$13.3 mil) Quarterly Pretax return on assets: -0.29% (-$27.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
5Total employees (full-time equivalent)
$9,509Total assets
$779Cash and due from depository institutions
$100Interest-bearing balances
$428Securities
$2,812Federal funds sold & reverse repurchase agreements
$4,674Net loans & leases
$52Loan loss allowance
$0Trading account assets
$44Bank premises and fixed assets
$664Other real estate owned
$0Goodwill and other intangibles
$9,509Life insurance assets
$108All other assets
$8,635Total liabilities and capital
$8,623Total liabilities
$5,691Total deposits
$8,623Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$12Subordinated debt
$874All other liabilities
$874Total equity capital
$874Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$700Surplus
$74Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3Income earned, not collected on loans
$0Earning assets
$79Long-term assets (5+ years)
$8,014Average Assets, year-to-date
$1,297Average Assets, quarterly
$9,298Volatile liabilities
$9,621Insider loans
$5,748FHLB advances
$9,979Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$874Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$618Restructured Loans and leases
$357Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$383Total interest income
$32Total interest expense
$351Net interest income
$7Provision for loan and lease losses
$71Total noninterest income
$0Fiduciary activities
$24Service charges on deposit accounts
$0Trading account gains & fees
$47Additional noninterest income
$428Total noninterest expense
$248Salaries and employee benefits
$59Premises and equipment expense
$121Additional noninterest expense
-$13Pre-tax net operating income
$0Securities gains (losses)
-$1Applicable income taxes
-$12Income before extraordinary items
$0Extraordinary gains - net
-$12Net income attributable to bank
$0Net charge-offs
-$12Cash dividends
$11Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.95%Yield on earning assets
0.41%Cost of funding earning assets
4.53%Net interest margin
0.92%Noninterest income to earning assets
5.53%Noninterest expense to earning assets
-0.13%Net operating income to assets
-0.13%Return on assets (ROA)
-0.14%Pretax return on assets
-1.37%Return on equity (ROE)
-1.37%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
63.64%Credit loss provision to net charge-offs
-0.55%Efficiency ratio
101,422Assets per employee
1.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
1733.33%Noncurrent assets plus other real estate owned to assets
7.01%Noncurrent loans to loans
0.06%Net loans and leases to deposits
54.20%Net loans and leases to core deposits
54.20%Equity capital to assets
9.19%Core capital (leverage) ratio
8.76%Tier 1 risk-based capital ratio
15.21%Total risk-based capital ratio
Memoranda
$16Average assets
$9,298Average earning assets
$878Average equity
$7,741Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6225
First State Bank Of Murdock
520 Main Avenue, Murdock, MN 56271
October 01, 1892
Full Service Brick and Mortar
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