Crookston National Bank in Crookston, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Crookston National Bank - Overview

  • General
  • FDIC Certificate #: 10196
    Status: Active
    Federal Reserve ID: 374354
    Bank Holding Company (Regulatory Top Holder): Crookston Financial Services, Inc. (RSSDID: 1126907, Location: Crookston, MN)
    Date Established: January 01, 1916
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 6535
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1901 Sahlstrom Drive, Crookston, MN 56716
    County: Polk
    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
    Metropolitan Statistical Area (MSA): Grand Forks, ND-MN (#2985)
    Core Based Statistical Area (CBSA): Grand Forks, ND-MN (#24220)
    CBSA Metro Statistical Area: Grand Forks, ND-MN (#24220)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $56.7 mil
    Equity capital: $4.4 mil
    Deposits held in domestic offices: $52.2 mil
    Return on assets (ROA): 0.84% ($0.5 mil)
    Quarterly return on assets: 0.64% ($0.4 mil)
    Return on Equity (ROE): 10.40% ($0.4 mil)
    Quarterly return on equity: 7.85% ($0.3 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.84% ($476.2 mil)
    Quarterly Pretax return on assets: 0.64% ($362.8 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
  • 12Total employees (full-time equivalent)
  • $56,686Total assets
  • $15,482Cash and due from depository institutions
  • $11,671Interest-bearing balances
  • $14,555Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $25,301Net loans & leases
  • $389Loan loss allowance
  • $0Trading account assets
  • $480Bank premises and fixed assets
  • $126Other real estate owned
  • $0Goodwill and other intangibles
  • $56,686Life insurance assets
  • $742All other assets
  • $52,276Total liabilities and capital
  • $52,207Total liabilities
  • $41,461Total deposits
  • $52,207Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $69Subordinated debt
  • $4,410All other liabilities
  • $4,410Total equity capital
  • $4,410Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $110Surplus
  • $4,200Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $365Long-term assets (5+ years)
  • $51,527Average Assets, year-to-date
  • $1,354Average Assets, quarterly
  • $52,793Volatile liabilities
  • $53,661Insider loans
  • $27,221FHLB advances
  • $53,066Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,324Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,487Restructured Loans and leases
  • $1,004Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,696Total interest income
  • $264Total interest expense
  • $1,432Net interest income
  • $18Provision for loan and lease losses
  • $186Total noninterest income
  • $0Fiduciary activities
  • $92Service charges on deposit accounts
  • $0Trading account gains & fees
  • $94Additional noninterest income
  • $1,166Total noninterest expense
  • $606Salaries and employee benefits
  • $165Premises and equipment expense
  • $395Additional noninterest expense
  • $434Pre-tax net operating income
  • $10Securities gains (losses)
  • $0Applicable income taxes
  • $444Income before extraordinary items
  • $0Extraordinary gains - net
  • $444Net income attributable to bank
  • $0Net charge-offs
  • $444Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $187Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.46%Yield on earning assets
  • 0.54%Cost of funding earning assets
  • 2.93%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.38%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 0.84%Pretax return on assets
  • 10.40%Return on equity (ROE)
  • 6.02%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 72,064Assets per employee
  • 4.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.12%Loss allowance to loans
  • 1.51%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 48.46%Net loans and leases to core deposits
  • 49.09%Equity capital to assets
  • 7.78%Core capital (leverage) ratio
  • 8.15%Tier 1 risk-based capital ratio
  • 15.88%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $52,793Average earning assets
  • $4,268Average equity
  • $48,950Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06535Crookston National Bank1901 Sahlstrom Drive, Crookston, MN 56716January 01, 1916Full Service Brick and Mortar

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