Grand Timber Bank in Mcgregor, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Grand Timber Bank - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    012587Grand Timber Bank204 North Maddy Street, Mcgregor, MN 55760March 18, 1963Full Service Brick and Mortar

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