RiverWood Bank in Bemidji, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • RiverWood Bank in Bemidji, Minnesota (MN)
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RiverWood Bank - Overview

  • General
  • FDIC Certificate #: 27932
    Status: Active
    Federal Reserve ID: 685779
    Date Established: January 01, 1910
    WWW: http://www.riverwoodbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 566
    FDIC's unique #: 40766
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 09, 1938
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 214 Fifth St, Bemidji, MN 56601
    County: Beltrami
    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
    Core Based Statistical Area (CBSA): Bemidji, MN (#13420)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $158.6 mil
    Equity capital: $15.4 mil
    Deposits held in domestic offices: $132.1 mil
    Return on assets (ROA): -0.95% (-$1.5 mil)
    Quarterly return on assets: 0.31% ($0.5 mil)
    Return on Equity (ROE): -9.68% (-$1.5 mil)
    Quarterly return on equity: 3.25% ($0.5 mil)
    Net income: -$1.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -1.03% (-$1,633.5 mil)
    Quarterly Pretax return on assets: 0.51% ($808.8 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
  • 34Total employees (full-time equivalent)
  • $158,590Total assets
  • $34,243Cash and due from depository institutions
  • $31,134Interest-bearing balances
  • $11,959Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $100,085Net loans & leases
  • $2,161Loan loss allowance
  • $0Trading account assets
  • $4,940Bank premises and fixed assets
  • $3,075Other real estate owned
  • $1,907Goodwill and other intangibles
  • $158,590Life insurance assets
  • $2,381All other assets
  • $143,145Total liabilities and capital
  • $132,119Total liabilities
  • $122,167Total deposits
  • $132,119Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,500Trading liabilities
  • $0Other borrowed funds
  • $526Subordinated debt
  • $15,445All other liabilities
  • $15,445Total equity capital
  • $15,445Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $19,074Surplus
  • $-3,729Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,501Income earned, not collected on loans
  • $10Earning assets
  • $653Long-term assets (5+ years)
  • $143,178Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $165,618Volatile liabilities
  • $161,307Insider loans
  • $99,359FHLB advances
  • $156,044Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,002Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,351Restructured Loans and leases
  • $1,233Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,727Total interest income
  • $2,378Total interest expense
  • $4,349Net interest income
  • $675Provision for loan and lease losses
  • $429Total noninterest income
  • $0Fiduciary activities
  • $217Service charges on deposit accounts
  • $0Trading account gains & fees
  • $212Additional noninterest income
  • $5,807Total noninterest expense
  • $1,959Salaries and employee benefits
  • $1,068Premises and equipment expense
  • $2,780Additional noninterest expense
  • -$1,704Pre-tax net operating income
  • $4Securities gains (losses)
  • -$129Applicable income taxes
  • -$1,571Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,571Net income attributable to bank
  • $0Net charge-offs
  • -$1,571Cash dividends
  • $445Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.51%Yield on earning assets
  • 1.59%Cost of funding earning assets
  • 2.92%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 3.89%Noninterest expense to earning assets
  • -0.95%Net operating income to assets
  • -0.95%Return on assets (ROA)
  • -1.03%Pretax return on assets
  • -9.68%Return on equity (ROE)
  • -9.68%Retained earnings to average equity (YTD only)
  • 0.40%Net charge-offs to loans
  • 151.69%Credit loss provision to net charge-offs
  • -2.31%Efficiency ratio
  • 92,465Assets per employee
  • 4.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.11%Loss allowance to noncurrent loans
  • 33.24%Noncurrent assets plus other real estate owned to assets
  • 6.04%Noncurrent loans to loans
  • 6.36%Net loans and leases to deposits
  • 75.75%Net loans and leases to core deposits
  • 82.53%Equity capital to assets
  • 9.74%Core capital (leverage) ratio
  • 8.33%Tier 1 risk-based capital ratio
  • 13.09%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $165,618Average earning assets
  • $16,228Average equity
  • $149,109Average loans

List of branches

  • 6 Minnesota Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    040766Riverwood Bank214 Fifth St, Bemidji, MN 56601January 01, 1910Full Service Brick and Mortar
    100264215Bagley Branch22 First Street Northeast, Bagley, MN 56621January 01, 1910Full Service Brick and Mortar
    101264216Baudette Branch109 Main Street West, Baudette, MN 56623January 01, 1910Full Service Brick and Mortar
    102264217527 Minnesota Avenue Branch527 Minnesota Avenue, Walker, MN 56484June 30, 1987Full Service Brick and Mortar
    103264218Paul Bunyan Branch1260 Paul Bunyan Drive Nw, Bemidji, MN 56601June 30, 1996Full Service Brick and Mortar
    104449834Paul Bunyan Drive Branch2025 Paul Bunyan Drive, N.W., Bemidji, MN 56601June 30, 2002Full Service Brick and Mortar

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