Great Northern Bank in Saint Michael, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Great Northern Bank in Saint Michael, Minnesota (MN)
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Great Northern Bank - Overview

  • General
  • FDIC Certificate #: 35316
    Status: Active
    Federal Reserve ID: 2830537
    Bank Holding Company (Regulatory Top Holder): Great Northern Corporation (RSSDID: 2830528, Location: Saint Michael, MN)
    Date Established: October 04, 1999
    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 #: 78222
    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: October 04, 1999
    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: 12725 43rd Street, N.E., Saint Michael, MN 55376
    County: Wright
    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
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $74.1 mil
    Equity capital: $3.9 mil
    Deposits held in domestic offices: $68.7 mil
    Return on assets (ROA): 0.50% ($0.4 mil)
    Quarterly return on assets: 0.84% ($0.6 mil)
    Return on Equity (ROE): 9.38% ($0.4 mil)
    Quarterly return on equity: 15.29% ($0.6 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.50% ($370.5 mil)
    Quarterly Pretax return on assets: 0.84% ($622.4 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
  • 22Total employees (full-time equivalent)
  • $74,101Total assets
  • $18,247Cash and due from depository institutions
  • $15,075Interest-bearing balances
  • $7,900Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $41,827Net loans & leases
  • $1,472Loan loss allowance
  • $0Trading account assets
  • $3,096Bank premises and fixed assets
  • $985Other real estate owned
  • $0Goodwill and other intangibles
  • $74,101Life insurance assets
  • $2,046All other assets
  • $70,194Total liabilities and capital
  • $68,686Total liabilities
  • $54,202Total deposits
  • $68,686Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $508Subordinated debt
  • $3,907All other liabilities
  • $3,907Total equity capital
  • $3,907Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $9,155Surplus
  • $-5,348Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $545Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,982Income earned, not collected on loans
  • $0Earning assets
  • $301Long-term assets (5+ years)
  • $64,802Average Assets, year-to-date
  • $8,929Average Assets, quarterly
  • $68,724Volatile liabilities
  • $71,230Insider loans
  • $44,880FHLB advances
  • $71,383Loans and leases held for sale
  • $1,025Unused loan commitments
  • $1,025Tier 1 (core) risk-based capital
  • $3,929Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,594Restructured Loans and leases
  • $813Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,378Total interest income
  • $384Total interest expense
  • $2,994Net interest income
  • $96Provision for loan and lease losses
  • $182Total noninterest income
  • $0Fiduciary activities
  • $166Service charges on deposit accounts
  • $0Trading account gains & fees
  • $16Additional noninterest income
  • $2,778Total noninterest expense
  • $1,495Salaries and employee benefits
  • $108Premises and equipment expense
  • $1,175Additional noninterest expense
  • $302Pre-tax net operating income
  • $45Securities gains (losses)
  • $0Applicable income taxes
  • $347Income before extraordinary items
  • $0Extraordinary gains - net
  • $347Net income attributable to bank
  • $0Net charge-offs
  • $347Cash dividends
  • $323Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.73%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 5.08%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 4.71%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.50%Pretax return on assets
  • 9.38%Return on equity (ROE)
  • 9.38%Retained earnings to average equity (YTD only)
  • 0.72%Net charge-offs to loans
  • 29.72%Credit loss provision to net charge-offs
  • 1.23%Efficiency ratio
  • 87,469Assets per employee
  • 3.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.40%Loss allowance to noncurrent loans
  • 74.27%Noncurrent assets plus other real estate owned to assets
  • 4.00%Noncurrent loans to loans
  • 4.58%Net loans and leases to deposits
  • 60.90%Net loans and leases to core deposits
  • 64.63%Equity capital to assets
  • 5.27%Core capital (leverage) ratio
  • 5.50%Tier 1 risk-based capital ratio
  • 8.75%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $68,724Average earning assets
  • $3,699Average equity
  • $58,972Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    078222Great Northern Bank12725 43rd Street, N.E., Saint Michael, MN 55376October 04, 1999Full Service Brick and Mortar

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