FDIC Certificate #: 15820 Status: Active Federal Reserve ID: 1005655 Bank Holding Company (Regulatory Top Holder): Red River Financial Services, Inc. (RSSDID: 2142324, Location: Halstad, MN) Date Established: January 01, 1934 WWW:http://www.redriverbank.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 #: 10063 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: May 26, 1941 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: 300 2nd Avenue, Halstad, MN 56548 County: Norman 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: $55.6 mil Equity capital: $5.0 mil Deposits held in domestic offices: $50.4 mil Return on assets (ROA): 1.59% ($0.9 mil) Quarterly return on assets: 1.29% ($0.7 mil) Return on Equity (ROE): 16.32% ($0.8 mil) Quarterly return on equity: 13.26% ($0.7 mil) Net income: $0.8 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.59% ($884.3 mil) Quarterly Pretax return on assets: 1.29% ($717.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
10Total employees (full-time equivalent)
$55,617Total assets
$2,121Cash and due from depository institutions
$1,225Interest-bearing balances
$0Securities
$13,283Federal funds sold & reverse repurchase agreements
$39,199Net loans & leases
$394Loan loss allowance
$0Trading account assets
$323Bank premises and fixed assets
$25Other real estate owned
$0Goodwill and other intangibles
$55,617Life insurance assets
$666All other assets
$50,599Total liabilities and capital
$50,370Total liabilities
$37,521Total deposits
$50,370Interest-bearing deposits
$71Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$229Subordinated debt
$5,018All other liabilities
$5,018Total equity capital
$5,018Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$2,075Surplus
$2,843Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$383Income earned, not collected on loans
$69Earning assets
$323Long-term assets (5+ years)
$53,707Average Assets, year-to-date
$16,765Average Assets, quarterly
$49,682Volatile liabilities
$51,072Insider loans
$43,282FHLB advances
$48,331Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,018Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,741Restructured Loans and leases
$306Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,690Total interest income
$633Total interest expense
$2,057Net interest income
$106Provision for loan and lease losses
$115Total noninterest income
$0Fiduciary activities
$62Service charges on deposit accounts
$0Trading account gains & fees
$53Additional noninterest income
$1,276Total noninterest expense
$659Salaries and employee benefits
$98Premises and equipment expense
$519Additional noninterest expense
$790Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$790Income before extraordinary items
$0Extraordinary gains - net
$790Net income attributable to bank
$0Net charge-offs
$790Cash dividends
$73Sale, conversion, retirement of capital stock, net
$431Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.62%Yield on earning assets
1.32%Cost of funding earning assets
4.30%Net interest margin
0.24%Noninterest income to earning assets
2.67%Noninterest expense to earning assets
1.59%Net operating income to assets
1.59%Return on assets (ROA)
1.59%Pretax return on assets
16.32%Return on equity (ROE)
7.42%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
145.21%Credit loss provision to net charge-offs
12.27%Efficiency ratio
58,748Assets per employee
5.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.56%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
102.87%Noncurrent assets plus other real estate owned to assets
0.73%Noncurrent loans to loans
0.97%Net loans and leases to deposits
77.82%Net loans and leases to core deposits
97.07%Equity capital to assets
9.02%Core capital (leverage) ratio
10.38%Tier 1 risk-based capital ratio
11.59%Total risk-based capital ratio
Memoranda
$13Average assets
$49,682Average earning assets
$4,841Average equity
$47,834Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
10063
Red River State Bank
300 2nd Avenue, Halstad, MN 56548
January 01, 1934
Full Service Brick and Mortar
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