Grand Timber Bank in Mcgregor, Minnesota (MN)

Show street view No street view available for this location

Grand Timber Bank routing number info

Table of contents:
Grand Timber Bank
GeneralFDIC 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
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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)12
Total assets$43,041
Cash and due from depository institutions$2,671
Interest-bearing balances$1,715
Federal funds sold & reverse repurchase agreements$922
Net loans & leases$30,913
Loan loss allowance $1,312
Trading account assets$0
Bank premises and fixed assets$536
Other real estate owned$1,336
Goodwill and other intangibles$0
All other assets$596
Life insurance assets$43,041
Total liabilities and capital$38,355
Total liabilities$38,262
Total deposits$31,079
Interest-bearing deposits$38,262
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5
Other borrowed funds $0
Subordinated debt $88
All other liabilities $4,686
Total equity capital$4,686
Total bank equity capital$4,686
Perpetual preferred stock$0
Common stock$125
Undivided profits $2,686
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 $1,917
Earning assets $0
Long-term assets (5+ years) $237
Average Assets, year-to-date $39,617
Average Assets, quarterly $1,331
Volatile liabilities $42,537
Insider loans $42,872
FHLB advances $31,613
Loans and leases held for sale $43,592
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $4,637
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,662
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,393
Total interest expense $363
Net interest income $2,030
Provision for loan and lease losses $1,024
Total noninterest income $156
Fiduciary activities $0
Service charges on deposit accounts $196
Trading account gains & fees $0
Additional noninterest income -$40
Total noninterest expense $1,470
Salaries and employee benefits $601
Premises and equipment expense $263
Additional noninterest expense $606
Pre-tax net operating income -$308
Securities gains (losses) $0
Applicable income taxes $1
Income before extraordinary items -$309
Extraordinary gains - net $0
Net income attributable to bank -$309
Net charge-offs $0
Cash dividends -$309
Sale, conversion, retirement of capital stock, net $498
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.20%
Cost of funding earning assets 0.94%
Net interest margin 5.26%
Noninterest income to earning assets 0.40%
Noninterest expense to earning assets 3.81%
Net operating income to assets -0.73%
Return on assets (ROA) -0.73%
Pretax return on assets -0.72%
Return on equity (ROE) -6.57%
Retained earnings to average equity (YTD only) -6.57%
Net charge-offs to loans 1.52%
Credit loss provision to net charge-offs 205.62%
Efficiency ratio1.44%
Assets per employee$67,246
Cash dividends to net income (YTD only)3.59%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.07%
Noncurrent assets plus other real estate owned to assets 68.44%
Noncurrent loans to loans 7.56%
Net loans and leases to deposits5.95%
Net loans and leases to core deposits 80.79%
Equity capital to assets 81.44%
Core capital (leverage) ratio 10.89%
Tier 1 risk-based capital ratio 10.64%
Total risk-based capital ratio 14.67%
Average assets$16
Average earning assets$42,537
Average equity $4,706
Average loans $38,618
Back to page top, Back to table top

1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
012587Grand Timber Bank204 North Maddy Street, Mcgregor, MN 55760March 18, 1963Full Service Brick and Mortar
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Grand Timber Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.