First State Bank of Murdock in Murdock, Minnesota (MN)
| First State Bank of Murdock | |
|---|---|
| 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 WWW: http://www.murdockbank.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 5 |
| Total assets | $9,509 |
| Cash and due from depository institutions | $779 |
| Interest-bearing balances | $100 |
| Securities | $428 |
| Federal funds sold & reverse repurchase agreements | $2,812 |
| Net loans & leases | $4,674 |
| Loan loss allowance | $52 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $44 |
| Other real estate owned | $664 |
| Goodwill and other intangibles | $0 |
| All other assets | $108 |
| Life insurance assets | $9,509 |
| Total liabilities and capital | $8,635 |
| Total liabilities | $8,623 |
| Total deposits | $5,691 |
| Interest-bearing deposits | $8,623 |
| Deposits held in domestic offices | $100 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $12 |
| All other liabilities | $874 |
| Total equity capital | $874 |
| Total bank equity capital | $874 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $700 |
| Undivided profits | $74 |
| 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 | $3 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $79 |
| Average Assets, year-to-date | $8,014 |
| Average Assets, quarterly | $1,297 |
| Volatile liabilities | $9,298 |
| Insider loans | $9,621 |
| FHLB advances | $5,748 |
| Loans and leases held for sale | $9,979 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $874 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $618 |
| Derivatives | $357 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $383 |
| Total interest expense | $32 |
| Net interest income | $351 |
| Provision for loan and lease losses | $7 |
| Total noninterest income | $71 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $24 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $47 |
| Total noninterest expense | $428 |
| Salaries and employee benefits | $248 |
| Premises and equipment expense | $59 |
| Additional noninterest expense | $121 |
| Pre-tax net operating income | -$13 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$1 |
| Income before extraordinary items | -$12 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$12 |
| Net charge-offs | $0 |
| Cash dividends | -$12 |
| Sale, conversion, retirement of capital stock, net | $11 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.95% |
| Cost of funding earning assets | 0.41% |
| Net interest margin | 4.53% |
| Noninterest income to earning assets | 0.92% |
| Noninterest expense to earning assets | 5.53% |
| Net operating income to assets | -0.13% |
| Return on assets (ROA) | -0.13% |
| Pretax return on assets | -0.14% |
| Return on equity (ROE) | -1.37% |
| Retained earnings to average equity (YTD only) | -1.37% |
| Net charge-offs to loans | 0.22% |
| Credit loss provision to net charge-offs | 63.64% |
| Efficiency ratio | -0.55% |
| Assets per employee | $101,422 |
| Cash dividends to net income (YTD only) | 1.90% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.10% |
| Noncurrent assets plus other real estate owned to assets | 1733.33% |
| Noncurrent loans to loans | 7.01% |
| Net loans and leases to deposits | 0.06% |
| Net loans and leases to core deposits | 54.20% |
| Equity capital to assets | 54.20% |
| Core capital (leverage) ratio | 9.19% |
| Tier 1 risk-based capital ratio | 8.76% |
| Total risk-based capital ratio | 15.21% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $9,298 |
| Average equity | $878 |
| Average loans | $7,741 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6225 | First State Bank Of Murdock | 520 Main Avenue, Murdock, MN 56271 | October 01, 1892 | Full Service Brick and Mortar |  |
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