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
WWW: http://www.borderstatebank.com
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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