FDIC Certificate #: 10187 Status: Active Federal Reserve ID: 75455 Date Established: May 12, 1928 WWW:http://www.nsbgonvick.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 #: 6527 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: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 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: 283 Main Street, Gonvick, MN 56644 County: Clearwater 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: $34.6 mil Equity capital: $6.2 mil Deposits held in domestic offices: $28.4 mil Return on assets (ROA): -0.23% (-$0.1 mil) Quarterly return on assets: -0.04% (-$0.0 mil) Return on Equity (ROE): -1.19% (-$0.1 mil) Quarterly return on equity: -0.19% (-$0.0 mil) Net income: -$0.1 mil Quarterly Net income: -$0.0 mil Pretax return on assets: -0.23% (-$79.7 mil) Quarterly Pretax return on assets: -0.04% (-$13.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$34,637Total assets
$21,572Cash and due from depository institutions
$17,739Interest-bearing balances
$7,507Securities
$70Federal funds sold & reverse repurchase agreements
$5,304Net loans & leases
$747Loan loss allowance
$0Trading account assets
$8Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$34,637Life insurance assets
$176All other assets
$28,402Total liabilities and capital
$28,352Total liabilities
$22,702Total deposits
$28,352Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$50Subordinated debt
$6,235All other liabilities
$6,235Total equity capital
$6,235Total bank equity capital
$0Perpetual preferred stock
$59Common stock
$1,191Surplus
$4,985Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$109Income earned, not collected on loans
$0Earning assets
$137Long-term assets (5+ years)
$30,620Average Assets, year-to-date
$585Average Assets, quarterly
$33,695Volatile liabilities
$33,695Insider loans
$7,367FHLB advances
$33,230Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,196Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$354Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$614Total interest income
$198Total interest expense
$416Net interest income
$0Provision for loan and lease losses
$81Total noninterest income
$0Fiduciary activities
$62Service charges on deposit accounts
$0Trading account gains & fees
$19Additional noninterest income
$573Total noninterest expense
$356Salaries and employee benefits
$35Premises and equipment expense
$182Additional noninterest expense
-$76Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$76Income before extraordinary items
$0Extraordinary gains - net
-$76Net income attributable to bank
$0Net charge-offs
-$76Cash dividends
$9Sale, conversion, retirement of capital stock, net
$208Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.12%Yield on earning assets
0.68%Cost of funding earning assets
1.44%Net interest margin
0.28%Noninterest income to earning assets
1.98%Noninterest expense to earning assets
-0.23%Net operating income to assets
-0.23%Return on assets (ROA)
-0.23%Pretax return on assets
-1.19%Return on equity (ROE)
-4.46%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-8.44%Efficiency ratio
115,292Assets per employee
4.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
-273.68%Loss allowance to loans
12.35%Loss allowance to noncurrent loans
685.32%Noncurrent assets plus other real estate owned to assets
0.31%Noncurrent loans to loans
1.80%Net loans and leases to deposits
18.71%Net loans and leases to core deposits
19.32%Equity capital to assets
18.00%Core capital (leverage) ratio
18.65%Tier 1 risk-based capital ratio
84.10%Total risk-based capital ratio
Memoranda
$85Average assets
$33,695Average earning assets
$6,367Average equity
$28,933Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6527
The Northern State Bank Of Gonvick
283 Main Street, Gonvick, MN 56644
May 12, 1928
Full Service Brick and Mortar
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