Border State Bank of International Falls in International Falls, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 16, 2005

  • Border State Bank of International Falls in International Falls, Minnesota (MN)
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Border State Bank of International Falls - Overview

  • General
  • FDIC Certificate #: 35471
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Border State Bank (#15684)
    Federal Reserve ID: 2883980
    Date Established: April 17, 2000
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 80253
    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: April 17, 2000
    Last Structure Change Effective Date: December 16, 2005
    Last Structure Change Process Date: December 29, 2005
    Last Data Update: December 29, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 1580 Highway 71, International Falls, MN 56649
    County: Koochiching
    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 Summary
  • Total assets: $39.3 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, 2004)

  • Dollar figures in thousands
  • 14Total employees (full-time equivalent)
  • $35,927Total assets
  • $2,010Cash and due from depository institutions
  • $597Interest-bearing balances
  • $905Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $31,956Net loans & leases
  • $430Loan loss allowance
  • $0Trading account assets
  • $530Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $526All other assets
  • $35,927Total liabilities and capital
  • $32,805Total liabilities
  • $31,335Total deposits
  • $26,804Interest-bearing deposits
  • $31,335Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $800Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $400Other borrowed funds
  • $0Subordinated debt
  • $270All other liabilities
  • $3,122Total equity capital
  • $3,122Total bank equity capital
  • $3,122Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $2,150Undivided profits
  • Memoranda
  • $872Noncurrent loans and leases
  • $2,580Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $82Earning assets
  • $82Long-term assets (5+ years)
  • $183Average Assets, year-to-date
  • $33,458Average Assets, quarterly
  • $882Volatile liabilities
  • $34,146Insider loans
  • $36,319FHLB advances
  • $10,074Loans and leases held for sale
  • $29Unused loan commitments
  • $400Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $494Total risk weighted assets
  • $2,580Total unused commitments
  • $0Restructured Loans and leases
  • $393Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $2,247Total interest income
  • $551Total interest expense
  • $1,696Net interest income
  • $65Provision for loan and lease losses
  • $404Total noninterest income
  • $0Fiduciary activities
  • $258Service charges on deposit accounts
  • $0Trading account gains & fees
  • $146Additional noninterest income
  • $1,109Total noninterest expense
  • $678Salaries and employee benefits
  • $172Premises and equipment expense
  • $259Additional noninterest expense
  • $926Pre-tax net operating income
  • $0Securities gains (losses)
  • $376Applicable income taxes
  • $550Income before extraordinary items
  • $0Extraordinary gains - net
  • $550Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $10Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.15%Yield on earning assets
  • 1.75%Cost of funding earning assets
  • 5.40%Net interest margin
  • 1.29%Noninterest income to earning assets
  • 3.53%Noninterest expense to earning assets
  • 1.61%Net operating income to assets
  • 1.61%Return on assets (ROA)
  • 2.71%Pretax return on assets
  • 19.25%Return on equity (ROE)
  • 19.25%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 650.00%Credit loss provision to net charge-offs
  • 99.10%Efficiency ratio
  • 52,810Assets per employee
  • 2.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 524.39%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 101.98%Net loans and leases to core deposits
  • 144.85%Equity capital to assets
  • 8.69%Core capital (leverage) ratio
  • 8.67%Tier 1 risk-based capital ratio
  • 9.93%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $34,146Average earning assets
  • $2,858Average equity
  • $31,414Average loans

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