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

First State Bank of Murdock - Overview

  • General
  • FDIC Certificate #: 9734
    Status: Active
    Federal Reserve ID: 711959
    Bank Holding Company (Regulatory Top Holder): Murdock Bancor, Inc. (RSSDID: 1124707, Location: Mendota Heights, MN)
    Date Established: October 01, 1892
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 6225
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    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: 520 Main Avenue, Murdock, MN 56271
    County: Swift
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $9.5 mil
    Equity capital: $0.9 mil
    Deposits held in domestic offices: $8.6 mil
    Return on assets (ROA): -0.13% (-$0.0 mil)
    Quarterly return on assets: -0.50% (-$0.1 mil)
    Return on Equity (ROE): -1.37% (-$0.0 mil)
    Quarterly return on equity: -5.45% (-$0.1 mil)
    Net income: -$0.0 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.14% (-$13.3 mil)
    Quarterly Pretax return on assets: -0.29% (-$27.6 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
  • 5Total employees (full-time equivalent)
  • $9,509Total assets
  • $779Cash and due from depository institutions
  • $100Interest-bearing balances
  • $428Securities
  • $2,812Federal funds sold & reverse repurchase agreements
  • $4,674Net loans & leases
  • $52Loan loss allowance
  • $0Trading account assets
  • $44Bank premises and fixed assets
  • $664Other real estate owned
  • $0Goodwill and other intangibles
  • $9,509Life insurance assets
  • $108All other assets
  • $8,635Total liabilities and capital
  • $8,623Total liabilities
  • $5,691Total deposits
  • $8,623Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $12Subordinated debt
  • $874All other liabilities
  • $874Total equity capital
  • $874Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $700Surplus
  • $74Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3Income earned, not collected on loans
  • $0Earning assets
  • $79Long-term assets (5+ years)
  • $8,014Average Assets, year-to-date
  • $1,297Average Assets, quarterly
  • $9,298Volatile liabilities
  • $9,621Insider loans
  • $5,748FHLB advances
  • $9,979Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $874Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $618Restructured Loans and leases
  • $357Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $383Total interest income
  • $32Total interest expense
  • $351Net interest income
  • $7Provision for loan and lease losses
  • $71Total noninterest income
  • $0Fiduciary activities
  • $24Service charges on deposit accounts
  • $0Trading account gains & fees
  • $47Additional noninterest income
  • $428Total noninterest expense
  • $248Salaries and employee benefits
  • $59Premises and equipment expense
  • $121Additional noninterest expense
  • -$13Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1Applicable income taxes
  • -$12Income before extraordinary items
  • $0Extraordinary gains - net
  • -$12Net income attributable to bank
  • $0Net charge-offs
  • -$12Cash dividends
  • $11Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 0.41%Cost of funding earning assets
  • 4.53%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 5.53%Noninterest expense to earning assets
  • -0.13%Net operating income to assets
  • -0.13%Return on assets (ROA)
  • -0.14%Pretax return on assets
  • -1.37%Return on equity (ROE)
  • -1.37%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 63.64%Credit loss provision to net charge-offs
  • -0.55%Efficiency ratio
  • 101,422Assets per employee
  • 1.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 1733.33%Noncurrent assets plus other real estate owned to assets
  • 7.01%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 54.20%Net loans and leases to core deposits
  • 54.20%Equity capital to assets
  • 9.19%Core capital (leverage) ratio
  • 8.76%Tier 1 risk-based capital ratio
  • 15.21%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $9,298Average earning assets
  • $878Average equity
  • $7,741Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06225First State Bank Of Murdock520 Main Avenue, Murdock, MN 56271October 01, 1892Full Service Brick and Mortar

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