Stearns Bank Holdingford National Association - Overview
General
FDIC Certificate #: 10160 Status: Active Federal Reserve ID: 1011656 Bank Holding Company (Regulatory Top Holder): Stearns Financial Services, Inc. Employee Stock Ownership Plan (RSSDID: 2295837, Location: Saint Cloud, MN) Date Established: October 10, 1910 WWW:http://www.stearns-bank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 9896 FDIC's unique #: 6501 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: June 08, 2010 Last Data Update: June 08, 2010 Data Source Date: April 05, 2012
Location
Address: 580 Main Street, Holdingford, MN 56340 County: Stearns Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): St. Cloud, MN (#6980) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): St. Cloud, MN (#41060) CBSA Metro Statistical Area: St. Cloud, MN (#41060)
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $87.8 mil Equity capital: $11.5 mil Deposits held in domestic offices: $76.3 mil Return on assets (ROA): 1.95% ($1.7 mil) Quarterly return on assets: 1.45% ($1.3 mil) Return on Equity (ROE): 15.77% ($1.9 mil) Quarterly return on equity: 11.17% ($1.3 mil) Net income: $1.7 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.95% ($1,712.6 mil) Quarterly Pretax return on assets: 1.45% ($1,273.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$87,824Total assets
$2,973Cash and due from depository institutions
$2,205Interest-bearing balances
$3,819Securities
$10,050Federal funds sold & reverse repurchase agreements
$70,508Net loans & leases
$1,159Loan loss allowance
$0Trading account assets
$36Bank premises and fixed assets
$126Other real estate owned
$0Goodwill and other intangibles
$87,824Life insurance assets
$312All other assets
$76,319Total liabilities and capital
$76,256Total liabilities
$72,369Total deposits
$76,256Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$63Subordinated debt
$11,505All other liabilities
$11,505Total equity capital
$11,505Total bank equity capital
$0Perpetual preferred stock
$75Common stock
$2,300Surplus
$9,130Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$779Income earned, not collected on loans
$0Earning assets
$46Long-term assets (5+ years)
$86,582Average Assets, year-to-date
$2,861Average Assets, quarterly
$86,694Volatile liabilities
$87,292Insider loans
$74,374FHLB advances
$87,634Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$11,428Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$315Restructured Loans and leases
$42Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,187Total interest income
$666Total interest expense
$3,521Net interest income
$355Provision for loan and lease losses
$116Total noninterest income
$0Fiduciary activities
$46Service charges on deposit accounts
$0Trading account gains & fees
$70Additional noninterest income
$1,594Total noninterest expense
$179Salaries and employee benefits
$233Premises and equipment expense
$1,182Additional noninterest expense
$1,688Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,688Income before extraordinary items
$0Extraordinary gains - net
$1,688Net income attributable to bank
$0Net charge-offs
$1,688Cash dividends
$106Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.90%Yield on earning assets
0.78%Cost of funding earning assets
4.12%Net interest margin
0.14%Noninterest income to earning assets
1.86%Noninterest expense to earning assets
1.95%Net operating income to assets
1.95%Return on assets (ROA)
1.95%Pretax return on assets
15.77%Return on equity (ROE)
15.77%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
334.91%Credit loss provision to net charge-offs
19.27%Efficiency ratio
43,827Assets per employee
17.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.62%Loss allowance to noncurrent loans
148.78%Noncurrent assets plus other real estate owned to assets
1.03%Noncurrent loans to loans
1.09%Net loans and leases to deposits
92.46%Net loans and leases to core deposits
109.90%Equity capital to assets
13.10%Core capital (leverage) ratio
13.04%Tier 1 risk-based capital ratio
15.37%Total risk-based capital ratio
Memoranda
$17Average assets
$86,694Average earning assets
$10,702Average equity
$85,481Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6501
Stearns Bank Holdingford National As
580 Main Street, Holdingford, MN 56340
October 10, 1910
Full Service Brick and Mortar
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