American State Bank of Grygla in Grygla, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

American State Bank of Grygla - Overview

  • General
  • FDIC Certificate #: 22263
    Status: Active
    Federal Reserve ID: 21359
    Bank Holding Company (Regulatory Top Holder): Grygla Financial Corporation (RSSDID: 1857760, Location: Grygla, MN)
    Date Established: April 30, 1976
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 15476
    Numeric code: 13
    Regulator: FED
    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: April 30, 1976
    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: 102 S Main Ave, Grygla, MN 56727
    County: Marshall
    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
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $23.8 mil
    Equity capital: $2.7 mil
    Deposits held in domestic offices: $20.8 mil
    Return on assets (ROA): 1.65% ($0.4 mil)
    Quarterly return on assets: 1.18% ($0.3 mil)
    Return on Equity (ROE): 15.44% ($0.5 mil)
    Quarterly return on equity: 10.28% ($0.3 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.65% ($392.5 mil)
    Quarterly Pretax return on assets: 1.18% ($280.7 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)
  • $23,787Total assets
  • $1,981Cash and due from depository institutions
  • $1,044Interest-bearing balances
  • $5,254Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $15,751Net loans & leases
  • $201Loan loss allowance
  • $0Trading account assets
  • $80Bank premises and fixed assets
  • $52Other real estate owned
  • $0Goodwill and other intangibles
  • $23,787Life insurance assets
  • $669All other assets
  • $21,107Total liabilities and capital
  • $20,776Total liabilities
  • $18,206Total deposits
  • $20,776Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $297Trading liabilities
  • $0Other borrowed funds
  • $34Subordinated debt
  • $2,680All other liabilities
  • $2,680Total equity capital
  • $2,680Total bank equity capital
  • $0Perpetual preferred stock
  • $550Common stock
  • $700Surplus
  • $1,430Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $25Income earned, not collected on loans
  • $0Earning assets
  • $289Long-term assets (5+ years)
  • $22,049Average Assets, year-to-date
  • $5,361Average Assets, quarterly
  • $24,010Volatile liabilities
  • $23,787Insider loans
  • $15,647FHLB advances
  • $24,211Loans and leases held for sale
  • $105Unused loan commitments
  • $105Tier 1 (core) risk-based capital
  • $2,449Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,221Restructured Loans and leases
  • $453Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,097Total interest income
  • $240Total interest expense
  • $857Net interest income
  • $18Provision for loan and lease losses
  • $369Total noninterest income
  • $0Fiduciary activities
  • $82Service charges on deposit accounts
  • $0Trading account gains & fees
  • $287Additional noninterest income
  • $823Total noninterest expense
  • $502Salaries and employee benefits
  • $106Premises and equipment expense
  • $215Additional noninterest expense
  • $385Pre-tax net operating income
  • $10Securities gains (losses)
  • $0Applicable income taxes
  • $395Income before extraordinary items
  • $0Extraordinary gains - net
  • $395Net income attributable to bank
  • $0Net charge-offs
  • $395Cash dividends
  • $4Sale, conversion, retirement of capital stock, net
  • $266Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.85%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 3.79%Net interest margin
  • 1.63%Noninterest income to earning assets
  • 3.64%Noninterest expense to earning assets
  • 1.60%Net operating income to assets
  • 1.65%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 15.44%Return on equity (ROE)
  • 5.04%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 450.00%Credit loss provision to net charge-offs
  • 100.75%Efficiency ratio
  • 67,129Assets per employee
  • 3.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.34%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 804.00%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.16%Net loans and leases to deposits
  • 75.81%Net loans and leases to core deposits
  • 76.92%Equity capital to assets
  • 11.27%Core capital (leverage) ratio
  • 10.12%Tier 1 risk-based capital ratio
  • 15.65%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $24,010Average earning assets
  • $2,558Average equity
  • $22,627Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015476American State Bank Of Grygla102 S Main Ave, Grygla, MN 56727April 30, 1976Full Service Brick and Mortar

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