FDIC Certificate #: 18719 Status: Active Federal Reserve ID: 918356 Bank Holding Company (Regulatory Top Holder): Mcgregor Banco, Inc. (RSSDID: 1128246, Location: Mcgregor, MN) Date Established: March 18, 1963 WWW:http://www.grandtimberbank.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) OTS Docket #: 9307 FDIC's unique #: 12587 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: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: March 18, 1963 Last Structure Change Effective Date: November 01, 2006 Last Structure Change Process Date: November 01, 2006 Last Data Update: November 01, 2006 Data Source Date: April 05, 2012
Location
Address: 204 North Maddy Street, Mcgregor, MN 55760 County: Aitkin Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
Financial Summary
Total assets: $43.0 mil Equity capital: $4.7 mil Deposits held in domestic offices: $38.3 mil Return on assets (ROA): -0.73% (-$0.3 mil) Quarterly return on assets: 1.72% ($0.7 mil) Return on Equity (ROE): -6.57% (-$0.3 mil) Quarterly return on equity: 16.01% ($0.8 mil) Net income: -$0.3 mil Quarterly Net income: $0.2 mil Pretax return on assets: -0.72% (-$309.9 mil) Quarterly Pretax return on assets: 1.72% ($740.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
12Total employees (full-time equivalent)
$43,041Total assets
$2,671Cash and due from depository institutions
$1,715Interest-bearing balances
$6,067Securities
$922Federal funds sold & reverse repurchase agreements
$30,913Net loans & leases
$1,312Loan loss allowance
$0Trading account assets
$536Bank premises and fixed assets
$1,336Other real estate owned
$0Goodwill and other intangibles
$43,041Life insurance assets
$596All other assets
$38,355Total liabilities and capital
$38,262Total liabilities
$31,079Total deposits
$38,262Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$5Trading liabilities
$0Other borrowed funds
$88Subordinated debt
$4,686All other liabilities
$4,686Total equity capital
$4,686Total bank equity capital
$0Perpetual preferred stock
$125Common stock
$1,875Surplus
$2,686Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,917Income earned, not collected on loans
$0Earning assets
$237Long-term assets (5+ years)
$39,617Average Assets, year-to-date
$1,331Average Assets, quarterly
$42,537Volatile liabilities
$42,872Insider loans
$31,613FHLB advances
$43,592Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,637Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,662Restructured Loans and leases
$354Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,393Total interest income
$363Total interest expense
$2,030Net interest income
$1,024Provision for loan and lease losses
$156Total noninterest income
$0Fiduciary activities
$196Service charges on deposit accounts
$0Trading account gains & fees
-$40Additional noninterest income
$1,470Total noninterest expense
$601Salaries and employee benefits
$263Premises and equipment expense
$606Additional noninterest expense
-$308Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
-$309Income before extraordinary items
$0Extraordinary gains - net
-$309Net income attributable to bank
$0Net charge-offs
-$309Cash dividends
$498Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.20%Yield on earning assets
0.94%Cost of funding earning assets
5.26%Net interest margin
0.40%Noninterest income to earning assets
3.81%Noninterest expense to earning assets
-0.73%Net operating income to assets
-0.73%Return on assets (ROA)
-0.72%Pretax return on assets
-6.57%Return on equity (ROE)
-6.57%Retained earnings to average equity (YTD only)
1.52%Net charge-offs to loans
205.62%Credit loss provision to net charge-offs
1.44%Efficiency ratio
67,246Assets per employee
3.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.07%Loss allowance to noncurrent loans
68.44%Noncurrent assets plus other real estate owned to assets
7.56%Noncurrent loans to loans
5.95%Net loans and leases to deposits
80.79%Net loans and leases to core deposits
81.44%Equity capital to assets
10.89%Core capital (leverage) ratio
10.64%Tier 1 risk-based capital ratio
14.67%Total risk-based capital ratio
Memoranda
$16Average assets
$42,537Average earning assets
$4,706Average equity
$38,618Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
12587
Grand Timber Bank
204 North Maddy Street, Mcgregor, MN 55760
March 18, 1963
Full Service Brick and Mortar
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