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

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