Garrison State Bank and Trust in Garrison, North Dakota (ND)

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Garrison State Bank and Trust
GeneralFDIC Certificate #: 15306
Status: Active
Federal Reserve ID: 808653
Bank Holding Company (Regulatory Top Holder): Mclean Bank Holding Company (RSSDID: 1126523, Location: Garrison, ND)
Date Established: November 02, 1935
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 9647
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: November 19, 1935
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
LocationAddress: 102 North Main Street, Garrison, ND 58540
County: Mclean
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $86.7 mil
Equity capital: $8.3 mil
Deposits held in domestic offices: $76.7 mil
Return on assets (ROA): 0.94% ($0.8 mil)
Quarterly return on assets: 0.68% ($0.6 mil)
Return on Equity (ROE): 9.71% ($0.8 mil)
Quarterly return on equity: 7.03% ($0.6 mil)
Net income: $0.8 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.43% ($1,239.6 mil)
Quarterly Pretax return on assets: 1.05% ($910.2 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)
Total employees (full-time equivalent)26
Total assets$86,683
Cash and due from depository institutions$6,276
Interest-bearing balances$2,860
Federal funds sold & reverse repurchase agreements$1,700
Net loans & leases$59,675
Loan loss allowance $1,178
Trading account assets$0
Bank premises and fixed assets$516
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,816
Life insurance assets$86,683
Total liabilities and capital$78,399
Total liabilities$76,660
Total deposits$61,838
Interest-bearing deposits$76,660
Deposits held in domestic offices$90
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,443
Other borrowed funds $0
Subordinated debt $296
All other liabilities $8,284
Total equity capital$8,284
Total bank equity capital$8,284
Perpetual preferred stock$0
Common stock$600
Undivided profits $5,084
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 $14
Earning assets $0
Long-term assets (5+ years) $1,351
Average Assets, year-to-date $80,935
Average Assets, quarterly $25,348
Volatile liabilities $81,643
Insider loans $84,768
FHLB advances $65,147
Loans and leases held for sale $85,400
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,973
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,886
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,161
Total interest expense $879
Net interest income $3,282
Provision for loan and lease losses $70
Total noninterest income $423
Fiduciary activities $61
Service charges on deposit accounts $140
Trading account gains & fees $0
Additional noninterest income $222
Total noninterest expense $2,472
Salaries and employee benefits $1,778
Premises and equipment expense $127
Additional noninterest expense $567
Pre-tax net operating income $1,163
Securities gains (losses) $2
Applicable income taxes $396
Income before extraordinary items $769
Extraordinary gains - net $0
Net income attributable to bank $769
Net charge-offs $0
Cash dividends $769
Sale, conversion, retirement of capital stock, net -$59
Net operating income $96
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.38%
Cost of funding earning assets 1.14%
Net interest margin 4.25%
Noninterest income to earning assets 0.55%
Noninterest expense to earning assets 3.20%
Net operating income to assets 0.94%
Return on assets (ROA) 0.94%
Pretax return on assets 1.43%
Return on equity (ROE) 9.71%
Retained earnings to average equity (YTD only) 8.50%
Net charge-offs to loans -0.10%
Credit loss provision to net charge-offs -118.64%
Efficiency ratio0.00%
Assets per employee$66,721
Cash dividends to net income (YTD only)3.33%
Condition Ratios (%)
Loss allowance to loans 12.48%
Loss allowance to noncurrent loans 1.94%
Noncurrent assets plus other real estate owned to assets 8414.29%
Noncurrent loans to loans 0.02%
Net loans and leases to deposits0.02%
Net loans and leases to core deposits 77.84%
Equity capital to assets 79.25%
Core capital (leverage) ratio 9.56%
Tier 1 risk-based capital ratio 9.34%
Total risk-based capital ratio 12.24%
Average assets$13
Average earning assets$81,643
Average equity $7,920
Average loans $77,302
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$8,554
Number of Accounts1
Personal trust and agency accounts$4,536
Employee benefit-defined contribution accounts$2,935
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$9
Investment management agency accounts$0
Other fiduciary accounts$1,592
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts29
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$9
Employee benefit-defined benefit accounts$0
Other retirement accounts$4,018
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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1 North Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09647Garrison State Bank And Trust102 North Main Street, Garrison, ND 58540November 02, 1935Full Service Brick and Mortar
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