FDIC Certificate #: 15306 Status: Active Federal Reserve ID: 808653 Bank Holding Company (Regulatory Top Holder): Mclean Bank Holding Company (RSSDID: 1126523, Location: Garrison, ND) Date Established: November 02, 1935 WWW:http://www.garrisonstatebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 9647 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: November 19, 1935 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: 102 North Main Street, Garrison, ND 58540 County: Mclean 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $86.7 mil Equity capital: $8.3 mil Deposits held in domestic offices: $76.7 mil Return on assets (ROA): 0.94% ($0.8 mil) Quarterly return on assets: 0.68% ($0.6 mil) Return on Equity (ROE): 9.71% ($0.8 mil) Quarterly return on equity: 7.03% ($0.6 mil) Net income: $0.8 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.43% ($1,239.6 mil) Quarterly Pretax return on assets: 1.05% ($910.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
26Total employees (full-time equivalent)
$86,683Total assets
$6,276Cash and due from depository institutions
$2,860Interest-bearing balances
$16,700Securities
$1,700Federal funds sold & reverse repurchase agreements
$59,675Net loans & leases
$1,178Loan loss allowance
$0Trading account assets
$516Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$86,683Life insurance assets
$1,816All other assets
$78,399Total liabilities and capital
$76,660Total liabilities
$61,838Total deposits
$76,660Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,443Trading liabilities
$0Other borrowed funds
$296Subordinated debt
$8,284All other liabilities
$8,284Total equity capital
$8,284Total bank equity capital
$0Perpetual preferred stock
$600Common stock
$2,600Surplus
$5,084Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$14Income earned, not collected on loans
$0Earning assets
$1,351Long-term assets (5+ years)
$80,935Average Assets, year-to-date
$25,348Average Assets, quarterly
$81,643Volatile liabilities
$84,768Insider loans
$65,147FHLB advances
$85,400Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,973Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,886Restructured Loans and leases
$66Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,161Total interest income
$879Total interest expense
$3,282Net interest income
$70Provision for loan and lease losses
$423Total noninterest income
$61Fiduciary activities
$140Service charges on deposit accounts
$0Trading account gains & fees
$222Additional noninterest income
$2,472Total noninterest expense
$1,778Salaries and employee benefits
$127Premises and equipment expense
$567Additional noninterest expense
$1,163Pre-tax net operating income
$2Securities gains (losses)
$396Applicable income taxes
$769Income before extraordinary items
$0Extraordinary gains - net
$769Net income attributable to bank
$0Net charge-offs
$769Cash dividends
-$59Sale, conversion, retirement of capital stock, net
$96Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.38%Yield on earning assets
1.14%Cost of funding earning assets
4.25%Net interest margin
0.55%Noninterest income to earning assets
3.20%Noninterest expense to earning assets
0.94%Net operating income to assets
0.94%Return on assets (ROA)
1.43%Pretax return on assets
9.71%Return on equity (ROE)
8.50%Retained earnings to average equity (YTD only)
-0.10%Net charge-offs to loans
-118.64%Credit loss provision to net charge-offs
0.00%Efficiency ratio
66,721Assets per employee
3.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
12.48%Loss allowance to loans
1.94%Loss allowance to noncurrent loans
8414.29%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.02%Net loans and leases to deposits
77.84%Net loans and leases to core deposits
79.25%Equity capital to assets
9.56%Core capital (leverage) ratio
9.34%Tier 1 risk-based capital ratio
12.24%Total risk-based capital ratio
Memoranda
$13Average assets
$81,643Average earning assets
$7,920Average equity
$77,302Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Garrison State Bank and Trust.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: