Brainerd Savings and Loan Association, A Federal Association in Brainerd, Minnesota (MN)
Table of contents:
| Brainerd Savings and Loan Association, A Federal Association | |
|---|---|
| General | FDIC Certificate #: 31443 Status: Active Federal Reserve ID: 416973 Date Established: January 01, 1922 WWW: http://www.brainerdsavings.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 2 (Domestic: 2, Interstate: No) OTS Docket #: 6979 FDIC's unique #: 44277 Numeric code: 38 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: June 29, 1965 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 524 S 6th Street, Brainerd, MN 56401 County: Crow Wing 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 Core Based Statistical Area (CBSA): Brainerd, MN (#14660) CBSA Micro Statistical Area: Yes |
| History of Changes | Change in Primary Regulatory Agency |
| Financial Summary | Total assets: $65.1 mil Equity capital: $5.0 mil Deposits held in domestic offices: $45.9 mil Return on assets (ROA): 0.20% ($0.1 mil) Quarterly return on assets: 0.30% ($0.2 mil) Return on Equity (ROE): 2.72% ($0.1 mil) Quarterly return on equity: 4.03% ($0.2 mil) Net income: $0.1 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.18% ($117.1 mil) Quarterly Pretax return on assets: 0.38% ($247.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 24 |
| Total assets | $65,066 |
| Cash and due from depository institutions | $2,003 |
| Interest-bearing balances | $656 |
| Securities | $8,041 |
| Federal funds sold & reverse repurchase agreements | $698 |
| Net loans & leases | $48,667 |
| Loan loss allowance | $301 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,763 |
| Other real estate owned | $119 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,775 |
| Life insurance assets | $65,063 |
| Total liabilities and capital | $60,083 |
| Total liabilities | $45,883 |
| Total deposits | $43,055 |
| Interest-bearing deposits | $45,883 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $13,422 |
| Other borrowed funds | $0 |
| Subordinated debt | $778 |
| All other liabilities | $4,980 |
| Total equity capital | $4,980 |
| Total bank equity capital | $4,980 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $0 |
| Undivided profits | $4,980 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $1,132 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $253 |
| Average Assets, year-to-date | $58,062 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $66,721 |
| Insider loans | $65,916 |
| FHLB advances | $44,042 |
| Loans and leases held for sale | $65,103 |
| Unused loan commitments | $923 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $5,017 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $8,990 |
| Derivatives | $760 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,955 |
| Total interest expense | $1,002 |
| Net interest income | $1,953 |
| Provision for loan and lease losses | $193 |
| Total noninterest income | $675 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $675 |
| Total noninterest expense | $2,445 |
| Salaries and employee benefits | $1,430 |
| Premises and equipment expense | $588 |
| Additional noninterest expense | $427 |
| Pre-tax net operating income | -$10 |
| Securities gains (losses) | $128 |
| Applicable income taxes | -$17 |
| Income before extraordinary items | $135 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $135 |
| Net charge-offs | $0 |
| Cash dividends | $135 |
| Sale, conversion, retirement of capital stock, net | $169 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.96% |
| Cost of funding earning assets | 1.68% |
| Net interest margin | 3.28% |
| Noninterest income to earning assets | 1.13% |
| Noninterest expense to earning assets | 4.10% |
| Net operating income to assets | 0.01% |
| Return on assets (ROA) | 0.20% |
| Pretax return on assets | 0.18% |
| Return on equity (ROE) | 2.72% |
| Retained earnings to average equity (YTD only) | 2.72% |
| Net charge-offs to loans | 0.34% |
| Credit loss provision to net charge-offs | 114.20% |
| Efficiency ratio | 1.08% |
| Assets per employee | $93,037 |
| Cash dividends to net income (YTD only) | 2.71% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.61% |
| Noncurrent assets plus other real estate owned to assets | 26.59% |
| Noncurrent loans to loans | 1.89% |
| Net loans and leases to deposits | 2.31% |
| Net loans and leases to core deposits | 106.07% |
| Equity capital to assets | 113.46% |
| Core capital (leverage) ratio | 7.65% |
| Tier 1 risk-based capital ratio | 7.71% |
| Total risk-based capital ratio | 11.39% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $66,721 |
| Average equity | $4,967 |
| Average loans | $59,613 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 44277 | Brainerd Savings And Loan Association, A Federal Association | 524 S 6th Street, Brainerd, MN 56401 | January 01, 1922 | Full Service Brick and Mortar |  |
| 1 | 284884 | Baxter Branch | 14244 Dellwood Drive N, Baxter, MN 56425 | August 04, 1992 | Full Service Brick and Mortar |  |
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