First State Bank of Bigfork in Bigfork, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


First State Bank of Bigfork - Overview

  • General
  • FDIC Certificate #: 10991
    Status: Active
    Federal Reserve ID: 364850
    Bank Holding Company (Regulatory Top Holder): Bigfork Bancshares, Inc. (RSSDID: 1990087, Location: Bigfork, MN)
    Date Established: August 12, 1912
    WWW: http://www.fsbbigfork.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 9196
    FDIC's unique #: 7042
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 01, 2011
    Last Structure Change Process Date: Febuary 07, 2011
    Last Data Update: Febuary 07, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 Main Avenue, Bigfork, MN 56628
    County: Itasca
    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
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $62.4 mil
    Equity capital: $6.7 mil
    Deposits held in domestic offices: $51.7 mil
    Return on assets (ROA): 0.53% ($0.3 mil)
    Quarterly return on assets: 0.03% ($0.0 mil)
    Return on Equity (ROE): 5.00% ($0.3 mil)
    Quarterly return on equity: 0.24% ($0.0 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.74% ($461.7 mil)
    Quarterly Pretax return on assets: 0.22% ($137.3 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
  • 21Total employees (full-time equivalent)
  • $62,395Total assets
  • $9,083Cash and due from depository institutions
  • $7,014Interest-bearing balances
  • $6,638Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $43,944Net loans & leases
  • $579Loan loss allowance
  • $0Trading account assets
  • $547Bank premises and fixed assets
  • $748Other real estate owned
  • $0Goodwill and other intangibles
  • $62,395Life insurance assets
  • $1,435All other assets
  • $55,734Total liabilities and capital
  • $51,746Total liabilities
  • $45,867Total deposits
  • $51,746Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,612Trading liabilities
  • $0Other borrowed funds
  • $376Subordinated debt
  • $6,661All other liabilities
  • $6,661Total equity capital
  • $6,661Total bank equity capital
  • $0Perpetual preferred stock
  • $240Common stock
  • $3,010Surplus
  • $3,411Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,481Income earned, not collected on loans
  • $413Earning assets
  • $299Long-term assets (5+ years)
  • $57,596Average Assets, year-to-date
  • $12,943Average Assets, quarterly
  • $58,038Volatile liabilities
  • $62,663Insider loans
  • $37,298FHLB advances
  • $62,180Loans and leases held for sale
  • $337Unused loan commitments
  • $337Tier 1 (core) risk-based capital
  • $6,458Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,961Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,127Total interest income
  • $782Total interest expense
  • $2,345Net interest income
  • $144Provision for loan and lease losses
  • $250Total noninterest income
  • $0Fiduciary activities
  • $220Service charges on deposit accounts
  • $0Trading account gains & fees
  • $30Additional noninterest income
  • $2,021Total noninterest expense
  • $1,171Salaries and employee benefits
  • $206Premises and equipment expense
  • $644Additional noninterest expense
  • $430Pre-tax net operating income
  • $1Securities gains (losses)
  • $122Applicable income taxes
  • $309Income before extraordinary items
  • $0Extraordinary gains - net
  • $309Net income attributable to bank
  • $0Net charge-offs
  • $309Cash dividends
  • $93Sale, conversion, retirement of capital stock, net
  • $85Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.86%Yield on earning assets
  • 1.46%Cost of funding earning assets
  • 4.39%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 3.79%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 5.00%Return on equity (ROE)
  • 3.62%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 154.84%Credit loss provision to net charge-offs
  • 6.17%Efficiency ratio
  • 77,881Assets per employee
  • 2.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.51%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 23.34%Noncurrent assets plus other real estate owned to assets
  • 5.18%Noncurrent loans to loans
  • 5.57%Net loans and leases to deposits
  • 84.92%Net loans and leases to core deposits
  • 86.55%Equity capital to assets
  • 10.68%Core capital (leverage) ratio
  • 10.39%Tier 1 risk-based capital ratio
  • 17.31%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $58,038Average earning assets
  • $6,182Average equity
  • $53,385Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07042First State Bank Of Bigfork400 Main Avenue, Bigfork, MN 56628August 12, 1912Full Service Brick and Mortar
    110773Kelliher Branch184 Main St, Kelliher, MN 56650July 05, 1916Full Service Brick and Mortar

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