FDIC Certificate #: 17062 Status: Active Federal Reserve ID: 272058 Bank Holding Company (Regulatory Top Holder): Bellingham Corporation, The (RSSDID: 1122132, Location: Sioux Falls, SD) Date Established: March 09, 1942 Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 15620 FDIC's unique #: 11118 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: December 08, 1951 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: 201 Main Ave, Bellingham, MN 56212 County: Lac Qui Parle 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: $37.2 mil Equity capital: $2.8 mil Deposits held in domestic offices: $32.9 mil Return on assets (ROA): 1.22% ($0.5 mil) Quarterly return on assets: 1.61% ($0.6 mil) Return on Equity (ROE): 15.50% ($0.5 mil) Quarterly return on equity: 20.54% ($0.6 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.98% ($736.7 mil) Quarterly Pretax return on assets: 2.33% ($866.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$37,207Total assets
$3,098Cash and due from depository institutions
$0Interest-bearing balances
$1,384Securities
$0Federal funds sold & reverse repurchase agreements
$31,235Net loans & leases
$237Loan loss allowance
$0Trading account assets
$31Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$37,207Life insurance assets
$1,459All other assets
$34,411Total liabilities and capital
$32,928Total liabilities
$27,388Total deposits
$32,928Interest-bearing deposits
$94Deposits held in domestic offices
350.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,000Trading liabilities
$0Other borrowed funds
$133Subordinated debt
$2,796All other liabilities
$2,796Total equity capital
$2,796Total bank equity capital
$0Perpetual preferred stock
$66Common stock
$2,334Surplus
$396Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$769Long-term assets (5+ years)
$32,619Average Assets, year-to-date
$1,083Average Assets, quarterly
$33,154Volatile liabilities
$34,858Insider loans
$25,621FHLB advances
$34,272Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,796Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$455Restructured Loans and leases
$1,170Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,832Total interest income
$528Total interest expense
$1,304Net interest income
$12Provision for loan and lease losses
$34Total noninterest income
$0Fiduciary activities
$24Service charges on deposit accounts
$0Trading account gains & fees
$10Additional noninterest income
$671Total noninterest expense
$458Salaries and employee benefits
$30Premises and equipment expense
$183Additional noninterest expense
$655Pre-tax net operating income
$0Securities gains (losses)
$252Applicable income taxes
$403Income before extraordinary items
$0Extraordinary gains - net
$403Net income attributable to bank
$0Net charge-offs
$403Cash dividends
$0Sale, conversion, retirement of capital stock, net
$150Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.06%Yield on earning assets
1.75%Cost of funding earning assets
4.31%Net interest margin
0.11%Noninterest income to earning assets
2.22%Noninterest expense to earning assets
1.22%Net operating income to assets
1.22%Return on assets (ROA)
1.98%Pretax return on assets
15.50%Return on equity (ROE)
9.73%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
50,149Assets per employee
7.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
37.22%Loss allowance to loans
0.75%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
94.86%Net loans and leases to core deposits
99.06%Equity capital to assets
7.51%Core capital (leverage) ratio
8.16%Tier 1 risk-based capital ratio
10.91%Total risk-based capital ratio
Memoranda
$12Average assets
$33,154Average earning assets
$2,601Average equity
$30,249Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
11118
State Bank Of Bellingham
201 Main Ave, Bellingham, MN 56212
March 09, 1942
Full Service Brick and Mortar
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