Marshall Bank, National Association in Hallock, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 29, 2010

  • Marshall Bank, National Association in Hallock, Minnesota (MN)
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Marshall Bank, National Association - Overview

  • General
  • FDIC Certificate #: 16133
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: United Valley Bank (#15478)
    Federal Reserve ID: 978051
    Date Established: October 04, 1943
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 14135
    FDIC's unique #: 10348
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: April 12, 1944
    Last Structure Change Effective Date: January 29, 2010
    Last Structure Change Process Date: Febuary 01, 2010
    Last Data Update: Febuary 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 203 South 2nd Street, Hallock, MN 56728
    County: Kittson
    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 Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $58.6 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, 2009)

  • Dollar figures in thousands
  • 13Total employees (full-time equivalent)
  • $58,566Total assets
  • $6,817Cash and due from depository institutions
  • $3,350Interest-bearing balances
  • $8,098Securities
  • $4,300Federal funds sold & reverse repurchase agreements
  • $35,912Net loans & leases
  • $2,007Loan loss allowance
  • $0Trading account assets
  • $279Bank premises and fixed assets
  • $50Other real estate owned
  • $1,935Goodwill and other intangibles
  • $0Life insurance assets
  • $1,175All other assets
  • $58,566Total liabilities and capital
  • $56,297Total liabilities
  • $55,662Total deposits
  • $44,338Interest-bearing deposits
  • $55,662Deposits held in domestic offices
  • 94.89%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $635All other liabilities
  • $2,269Total equity capital
  • $2,269Total bank equity capital
  • $2,269Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $9,097Undivided profits
  • Memoranda
  • $-7,128Noncurrent loans and leases
  • $5,791Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,163Earning assets
  • $0Long-term assets (5+ years)
  • $565Average Assets, year-to-date
  • $51,660Average Assets, quarterly
  • $16,056Volatile liabilities
  • $63,278Insider loans
  • $59,209FHLB advances
  • $4,236Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,791Total unused commitments
  • $0Restructured Loans and leases
  • $9Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $2,519Total interest income
  • $772Total interest expense
  • $1,747Net interest income
  • $4,607Provision for loan and lease losses
  • $417Total noninterest income
  • $0Fiduciary activities
  • $113Service charges on deposit accounts
  • $0Trading account gains & fees
  • $304Additional noninterest income
  • $3,298Total noninterest expense
  • $852Salaries and employee benefits
  • $141Premises and equipment expense
  • $2,305Additional noninterest expense
  • -$5,741Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$5,741Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,741Net income attributable to bank
  • $0Net charge-offs
  • -$5,741Cash dividends
  • $6,130Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.46%Yield on earning assets
  • 1.37%Cost of funding earning assets
  • 3.09%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 5.84%Noninterest expense to earning assets
  • -9.07%Net operating income to assets
  • -9.07%Return on assets (ROA)
  • -9.07%Pretax return on assets
  • -110.01%Return on equity (ROE)
  • -110.01%Retained earnings to average equity (YTD only)
  • 14.14%Net charge-offs to loans
  • 75.15%Credit loss provision to net charge-offs
  • -0.18%Efficiency ratio
  • 152,403Assets per employee
  • 4.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.29%Loss allowance to noncurrent loans
  • 38.87%Noncurrent assets plus other real estate owned to assets
  • 8.90%Noncurrent loans to loans
  • 13.62%Net loans and leases to deposits
  • 64.52%Net loans and leases to core deposits
  • 69.83%Equity capital to assets
  • 3.87%Core capital (leverage) ratio
  • 0.02%Tier 1 risk-based capital ratio
  • 0.02%Total risk-based capital ratio
  • Memoranda
  • $0Average assets
  • $63,278Average earning assets
  • $5,219Average equity
  • $56,510Average loans

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