Bonanza Valley State Bank in Brooten, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Bonanza Valley State Bank - Overview

  • 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)

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
  • 10Total employees (full-time equivalent)
  • $48,137Total assets
  • $4,161Cash and due from depository institutions
  • $3,037Interest-bearing balances
  • $3,281Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $38,533Net loans & leases
  • $525Loan loss allowance
  • $0Trading account assets
  • $307Bank premises and fixed assets
  • $87Other real estate owned
  • $0Goodwill and other intangibles
  • $48,137Life insurance assets
  • $1,768All other assets
  • $43,890Total liabilities and capital
  • $39,582Total liabilities
  • $37,060Total deposits
  • $39,582Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,122Trading liabilities
  • $0Other borrowed funds
  • $186Subordinated debt
  • $4,247All other liabilities
  • $4,247Total equity capital
  • $4,247Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $3,734Surplus
  • $413Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,797Income earned, not collected on loans
  • $0Earning assets
  • $425Long-term assets (5+ years)
  • $44,851Average Assets, year-to-date
  • $10,021Average Assets, quarterly
  • $49,449Volatile liabilities
  • $49,502Insider loans
  • $44,082FHLB advances
  • $50,505Loans and leases held for sale
  • $650Unused loan commitments
  • $650Tier 1 (core) risk-based capital
  • $4,147Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,018Restructured Loans and leases
  • $65Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,656Total interest income
  • $801Total interest expense
  • $1,855Net interest income
  • $360Provision for loan and lease losses
  • $122Total noninterest income
  • $0Fiduciary activities
  • $85Service charges on deposit accounts
  • $0Trading account gains & fees
  • $37Additional noninterest income
  • $1,363Total noninterest expense
  • $700Salaries and employee benefits
  • $158Premises and equipment expense
  • $505Additional noninterest expense
  • $254Pre-tax net operating income
  • $59Securities gains (losses)
  • $0Applicable income taxes
  • $313Income before extraordinary items
  • $0Extraordinary gains - net
  • $313Net income attributable to bank
  • $0Net charge-offs
  • $313Cash dividends
  • $243Sale, conversion, retirement of capital stock, net
  • $568Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.73%Yield on earning assets
  • 1.73%Cost of funding earning assets
  • 4.00%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 2.94%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 0.63%Pretax return on assets
  • 7.27%Return on equity (ROE)
  • -5.93%Retained earnings to average equity (YTD only)
  • 0.61%Net charge-offs to loans
  • 148.15%Credit loss provision to net charge-offs
  • 2.53%Efficiency ratio
  • 68,943Assets per employee
  • 4.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 181.47%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 29.22%Noncurrent assets plus other real estate owned to assets
  • 3.91%Noncurrent loans to loans
  • 4.60%Net loans and leases to deposits
  • 97.35%Net loans and leases to core deposits
  • 120.45%Equity capital to assets
  • 8.82%Core capital (leverage) ratio
  • 8.21%Tier 1 risk-based capital ratio
  • 9.41%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $49,449Average earning assets
  • $4,303Average equity
  • $46,347Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07044Bonanza Valley State BankFirst Street And Central Avenue, Brooten, MN 56316Febuary 22, 1894Full Service Brick and Mortar

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