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)
  • Show street view No street view available for this location

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

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

CAPTCHA

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