Bonanza Valley State Bank in Brooten, Minnesota (MN)
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| Bonanza Valley State Bank | |
|---|---|
| General | FDIC Certificate #: 10993 Status: Active Federal Reserve ID: 107758 Date Established: Febuary 22, 1894 WWW: http://www.bvsb.net 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 #: 7044 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: First Street And Central Avenue, Brooten, MN 56316 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 | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $48.1 mil Equity capital: $4.2 mil Deposits held in domestic offices: $39.6 mil Return on assets (ROA): 0.63% ($0.3 mil) Quarterly return on assets: -0.25% (-$0.1 mil) Return on Equity (ROE): 7.27% ($0.3 mil) Quarterly return on equity: -2.91% (-$0.1 mil) Net income: $0.3 mil Quarterly Net income: -$0.0 mil Pretax return on assets: 0.63% ($303.3 mil) Quarterly Pretax return on assets: -0.25% (-$120.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 10 |
| Total assets | $48,137 |
| Cash and due from depository institutions | $4,161 |
| Interest-bearing balances | $3,037 |
| Securities | $3,281 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $38,533 |
| Loan loss allowance | $525 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $307 |
| Other real estate owned | $87 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,768 |
| Life insurance assets | $48,137 |
| Total liabilities and capital | $43,890 |
| Total liabilities | $39,582 |
| Total deposits | $37,060 |
| Interest-bearing deposits | $39,582 |
| Deposits held in domestic offices | $89 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $4,122 |
| Other borrowed funds | $0 |
| Subordinated debt | $186 |
| All other liabilities | $4,247 |
| Total equity capital | $4,247 |
| Total bank equity capital | $4,247 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $3,734 |
| Undivided profits | $413 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $1,797 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $425 |
| Average Assets, year-to-date | $44,851 |
| Average Assets, quarterly | $10,021 |
| Volatile liabilities | $49,449 |
| Insider loans | $49,502 |
| FHLB advances | $44,082 |
| Loans and leases held for sale | $50,505 |
| Unused loan commitments | $650 |
| Tier 1 (core) risk-based capital | $650 |
| Tier 2 risk-based capital | $4,147 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $7,018 |
| Derivatives | $65 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,656 |
| Total interest expense | $801 |
| Net interest income | $1,855 |
| Provision for loan and lease losses | $360 |
| Total noninterest income | $122 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $85 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $37 |
| Total noninterest expense | $1,363 |
| Salaries and employee benefits | $700 |
| Premises and equipment expense | $158 |
| Additional noninterest expense | $505 |
| Pre-tax net operating income | $254 |
| Securities gains (losses) | $59 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $313 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $313 |
| Net charge-offs | $0 |
| Cash dividends | $313 |
| Sale, conversion, retirement of capital stock, net | $243 |
| Net operating income | $568 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.73% |
| Cost of funding earning assets | 1.73% |
| Net interest margin | 4.00% |
| Noninterest income to earning assets | 0.26% |
| Noninterest expense to earning assets | 2.94% |
| Net operating income to assets | 0.51% |
| Return on assets (ROA) | 0.63% |
| Pretax return on assets | 0.63% |
| Return on equity (ROE) | 7.27% |
| Retained earnings to average equity (YTD only) | -5.93% |
| Net charge-offs to loans | 0.61% |
| Credit loss provision to net charge-offs | 148.15% |
| Efficiency ratio | 2.53% |
| Assets per employee | $68,943 |
| Cash dividends to net income (YTD only) | 4.81% |
| Condition Ratios (%) | |
| Loss allowance to loans | 181.47% |
| Loss allowance to noncurrent loans | 1.34% |
| Noncurrent assets plus other real estate owned to assets | 29.22% |
| Noncurrent loans to loans | 3.91% |
| Net loans and leases to deposits | 4.60% |
| Net loans and leases to core deposits | 97.35% |
| Equity capital to assets | 120.45% |
| Core capital (leverage) ratio | 8.82% |
| Tier 1 risk-based capital ratio | 8.21% |
| Total risk-based capital ratio | 9.41% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $49,449 |
| Average equity | $4,303 |
| Average loans | $46,347 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7044 | Bonanza Valley State Bank | First Street And Central Avenue, Brooten, MN 56316 | Febuary 22, 1894 | Full Service Brick and Mortar |  |
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