Border State Bank in Greenbush, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Border State Bank - Overview

  • General
  • FDIC Certificate #: 15684
    Status: Active
    Federal Reserve ID: 977951
    Bank Holding Company (Regulatory Top Holder): Border Bancshares, Inc. (RSSDID: 2238544, Location: Greenbush, MN)
    Date Established: August 09, 1935
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 15593
    FDIC's unique #: 9954
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 09, 1939
    Last Structure Change Effective Date: May 07, 2007
    Last Structure Change Process Date: May 16, 2007
    Last Data Update: May 16, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 133 Main Street North, Greenbush, MN 56726
    County: Roseau
    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
  • Financial Summary
  • Total assets: $341.6 mil
    Equity capital: $30.3 mil
    Deposits held in domestic offices: $297.0 mil
    Return on assets (ROA): 0.19% ($0.6 mil)
    Quarterly return on assets: 0.21% ($0.7 mil)
    Return on Equity (ROE): 2.24% ($0.7 mil)
    Quarterly return on equity: 2.42% ($0.7 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.19% ($649.0 mil)
    Quarterly Pretax return on assets: 0.22% ($751.5 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
  • 112Total employees (full-time equivalent)
  • $341,584Total assets
  • $18,062Cash and due from depository institutions
  • $6,951Interest-bearing balances
  • $48,333Securities
  • $10,350Federal funds sold & reverse repurchase agreements
  • $239,859Net loans & leases
  • $4,466Loan loss allowance
  • $0Trading account assets
  • $7,781Bank premises and fixed assets
  • $9,465Other real estate owned
  • $963Goodwill and other intangibles
  • $341,584Life insurance assets
  • $6,771All other assets
  • $311,241Total liabilities and capital
  • $297,019Total liabilities
  • $240,573Total deposits
  • $297,019Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 6446.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,400Trading liabilities
  • $0Other borrowed funds
  • $1,376Subordinated debt
  • $30,343All other liabilities
  • $30,343Total equity capital
  • $30,343Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $23,450Surplus
  • $5,893Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,344Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,411Income earned, not collected on loans
  • $118Earning assets
  • $2,317Long-term assets (5+ years)
  • $305,493Average Assets, year-to-date
  • $44,401Average Assets, quarterly
  • $344,840Volatile liabilities
  • $339,097Insider loans
  • $280,295FHLB advances
  • $340,327Loans and leases held for sale
  • $303Unused loan commitments
  • $303Tier 1 (core) risk-based capital
  • $28,360Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $34,315Restructured Loans and leases
  • $1,525Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,859Total interest income
  • $3,923Total interest expense
  • $11,936Net interest income
  • $914Provision for loan and lease losses
  • $1,757Total noninterest income
  • $0Fiduciary activities
  • $924Service charges on deposit accounts
  • $0Trading account gains & fees
  • $833Additional noninterest income
  • $12,257Total noninterest expense
  • $6,004Salaries and employee benefits
  • $1,340Premises and equipment expense
  • $4,913Additional noninterest expense
  • $522Pre-tax net operating income
  • $134Securities gains (losses)
  • $5Applicable income taxes
  • $651Income before extraordinary items
  • $0Extraordinary gains - net
  • $651Net income attributable to bank
  • $0Net charge-offs
  • $651Cash dividends
  • $1,482Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 3.93%Noninterest expense to earning assets
  • 0.15%Net operating income to assets
  • 0.19%Return on assets (ROA)
  • 0.19%Pretax return on assets
  • 2.24%Return on equity (ROE)
  • 2.24%Retained earnings to average equity (YTD only)
  • 0.60%Net charge-offs to loans
  • 61.67%Credit loss provision to net charge-offs
  • 0.97%Efficiency ratio
  • 89,301Assets per employee
  • 3.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.83%Loss allowance to noncurrent loans
  • 35.98%Noncurrent assets plus other real estate owned to assets
  • 6.40%Noncurrent loans to loans
  • 5.08%Net loans and leases to deposits
  • 80.76%Net loans and leases to core deposits
  • 98.07%Equity capital to assets
  • 8.88%Core capital (leverage) ratio
  • 8.33%Tier 1 risk-based capital ratio
  • 10.12%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $344,840Average earning assets
  • $29,049Average equity
  • $311,851Average loans

List of branches

  • 7 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09954Border State Bank133 Main Street North, Greenbush, MN 56726August 09, 1935Full Service Brick and Mortar
    110424Thief River Falls Location1528 Highway 59 South, Thief River Falls, MN 56701January 16, 1945Full Service Brick and Mortar
    2237632Middle River Branch150 Hill Avenue, Middle River, MN 56737May 14, 1992Full Service Brick and Mortar
    310888Roseau Office1083 Third Street Northwest, Roseau, MN 56751March 18, 1949Full Service Brick and Mortar
    4238799Badger Location202 North Main Street, Badger, MN 56714Febuary 15, 1995Full Service Brick and Mortar
    5238800Baudette Office605 Main Street West, Baudette, MN 56623Febuary 02, 1998Full Service Brick and Mortar
    680253Border State Bank Of International F1414 Highway 71, International Falls, MN 56649April 17, 2000Full Service Brick and Mortar

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