Border State Bank in Roseau, Minnesota (MN)



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Border State Bank
GeneralFDIC Certificate #: 16777
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Border State Bank (#15684)
Federal Reserve ID: 300559
Date Established: March 18, 1949
WWW: http://www.borderstatebank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 11355
FDIC's unique #: 10888
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: March 21, 1949
Last Structure Change Effective Date: August 11, 2003
Last Structure Change Process Date: September 02, 2003
Last Data Update: September 02, 2003
Data Source Date: April 05, 2012
LocationAddress: 1083 Third Street Northwest, Roseau, MN 56751
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
Financial SummaryTotal assets: $77.7 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, 2002)
(Dollar figures in thousands)
Total employees (full-time equivalent)40
Total assets$75,404
Cash and due from depository institutions$3,704
Interest-bearing balances$0
Securities$6,153
Federal funds sold & reverse repurchase agreements$1,305
Net loans & leases$60,006
Loan loss allowance $597
Trading account assets$0
Bank premises and fixed assets$2,718
Other real estate owned$104
Goodwill and other intangibles$0
All other assets$1,414
Life insurance assets$0
Total liabilities and capital$75,404
Total liabilities$69,581
Total deposits$61,477
Interest-bearing deposits$50,712
Deposits held in domestic offices$61,477
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $7,234
Subordinated debt $0
All other liabilities $870
Total equity capital$5,823
Total bank equity capital$5,823
Perpetual preferred stock$5,823
Common stock$0
Surplus$100
Undivided profits $3,678
Memoranda
Noncurrent loans and leases $2,045
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $7,978
Income earned, not collected on loans $0
Earning assets $515
Long-term assets (5+ years) $34
Average Assets, year-to-date $618
Average Assets, quarterly $67,464
Volatile liabilities $7,857
Insider loans $71,792
FHLB advances $75,395
Loans and leases held for sale $7,878
Unused loan commitments $813
Tier 1 (core) risk-based capital $7,234
Tier 2 risk-based capital $0
Total risk weighted assets $1,738
Total unused commitments $7,978
Restructured Loans and leases $0
Derivatives$597
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Income and Expense (December 31, 2002)
(Dollar figures in thousands)
Total interest income $5,117
Total interest expense $1,732
Net interest income $3,385
Provision for loan and lease losses $285
Total noninterest income $782
Fiduciary activities $0
Service charges on deposit accounts $390
Trading account gains & fees $0
Additional noninterest income $392
Total noninterest expense $2,755
Salaries and employee benefits $1,497
Premises and equipment expense $458
Additional noninterest expense $800
Pre-tax net operating income $1,127
Securities gains (losses) $0
Applicable income taxes $454
Income before extraordinary items $673
Extraordinary gains - net $0
Net income attributable to bank $673
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $170
Net operating income $111
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Performance and Condition Ratios (December 31, 2002)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.96%
Cost of funding earning assets 2.69%
Net interest margin 5.26%
Noninterest income to earning assets 1.22%
Noninterest expense to earning assets 4.28%
Net operating income to assets 0.94%
Return on assets (ROA) 0.94%
Pretax return on assets 1.57%
Return on equity (ROE) 12.19%
Retained earnings to average equity (YTD only) 10.18%
Net charge-offs to loans 0.29%
Credit loss provision to net charge-offs 167.65%
Efficiency ratio8.31%
Assets per employee$66,115
Cash dividends to net income (YTD only)1.89%
Condition Ratios (%)
Loss allowance to loans 16.49%
Loss allowance to noncurrent loans 0.99%
Noncurrent assets plus other real estate owned to assets 115.92%
Noncurrent loans to loans 0.82%
Net loans and leases to deposits0.85%
Net loans and leases to core deposits 97.61%
Equity capital to assets 110.63%
Core capital (leverage) ratio 7.72%
Tier 1 risk-based capital ratio 7.57%
Total risk-based capital ratio 9.74%
Memoranda
Average assets$11
Average earning assets$71,792
Average equity $5,521
Average loans $64,311
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