Morris State Bank in Morris, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 10, 1995

Morris State Bank in Morris, Minnesota (MN)
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Morris State Bank - Overview

General
FDIC Certificate #: 1907
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: BREMER BANK, NATIONAL ASSOCIATION (#12915)
Federal Reserve ID: 707653
Date Established: December 04, 1933
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 1272
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 10, 1995
Last Structure Change Process Date: June 27, 1995
Last Data Update: June 27, 1995
Data Source Date: April 05, 2012
Location
Address: Main Street, Morris, MN 56267
County: Stevens
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $55.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$24Total assets
$56,887Cash and due from depository institutions
$2,909Interest-bearing balances
$97Securities
$14,816Federal funds sold & reverse repurchase agreements
$425Net loans & leases
$35,969Loan loss allowance
$398Trading account assets
$0Bank premises and fixed assets
$495Other real estate owned
$0Goodwill and other intangibles
$2,273Life insurance assets
$0All other assets
$0Total liabilities and capital
$56,887Total liabilities
$50,646Total deposits
$48,904Interest-bearing deposits
$42,199Deposits held in domestic offices
48904.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$881Subordinated debt
$0All other liabilities
$861Total equity capital
$861Total bank equity capital
$6,241Perpetual preferred stock
$0Common stock
$600Surplus
$3,400Undivided profits
Memoranda
$2,241Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4Income earned, not collected on loans
$568Earning assets
$51,307Long-term assets (5+ years)
$3,561Average Assets, year-to-date
$53,372Average Assets, quarterly
$55,474Volatile liabilities
$2,461Insider loans
$578FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$9,438Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,646Total risk weighted assets
$43,082Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,726Total interest expense
$1,399Net interest income
$2,327Provision for loan and lease losses
$0Total noninterest income
$806Fiduciary activities
$0Service charges on deposit accounts
$188Trading account gains & fees
$0Additional noninterest income
$618Total noninterest expense
$1,690Salaries and employee benefits
$1,046Premises and equipment expense
$173Additional noninterest expense
$471Pre-tax net operating income
$1,443Securities gains (losses)
$79Applicable income taxes
$330Income before extraordinary items
$1,192Extraordinary gains - net
$0Net income attributable to bank
$1,192Net charge-offs
-$6Cash dividends
$449Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.72%Cost of funding earning assets
2.90%Net interest margin
4.82%Noninterest income to earning assets
1.67%Noninterest expense to earning assets
3.50%Net operating income to assets
2.12%Return on assets (ROA)
2.23%Pretax return on assets
2.85%Return on equity (ROE)
19.33%Retained earnings to average equity (YTD only)
12.05%Net charge-offs to loans
-0.02%Credit loss provision to net charge-offs
0.00%Efficiency ratio
53,942Assets per employee
2.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
37.67%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
9950.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.01%Net loans and leases to deposits
73.55%Net loans and leases to core deposits
76.81%Equity capital to assets
10.97%Core capital (leverage) ratio
12.06%Tier 1 risk-based capital ratio
15.43%Total risk-based capital ratio
Memoranda
$16Average assets
$53,372Average earning assets
$6,168Average equity
$48,287Average loans

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