North American State Bank in Belgrade, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

North American State Bank - Overview

  • General
  • FDIC Certificate #: 10179
    Status: Active
    Federal Reserve ID: 393850
    Bank Holding Company (Regulatory Top Holder): Nasb Shares, Inc. (RSSDID: 2907859, Location: Belgrade, MN)
    Date Established: May 17, 1889
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12353
    FDIC's unique #: 6520
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 321 Washburn Avenue, Belgrade, MN 56312
    County: Stearns
    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): St. Cloud, MN (#6980)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
    CBSA Metro Statistical Area: St. Cloud, MN (#41060)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $105.2 mil
    Equity capital: $10.9 mil
    Deposits held in domestic offices: $87.9 mil
    Return on assets (ROA): 0.18% ($0.2 mil)
    Quarterly return on assets: -0.18% (-$0.2 mil)
    Return on Equity (ROE): 1.81% ($0.2 mil)
    Quarterly return on equity: -1.70% (-$0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.18% ($189.3 mil)
    Quarterly Pretax return on assets: -0.18% (-$189.3 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, 2011)

  • Dollar figures in thousands
  • 30Total employees (full-time equivalent)
  • $105,165Total assets
  • $16,504Cash and due from depository institutions
  • $13,508Interest-bearing balances
  • $25,330Securities
  • $819Federal funds sold & reverse repurchase agreements
  • $51,296Net loans & leases
  • $1,747Loan loss allowance
  • $0Trading account assets
  • $6,956Bank premises and fixed assets
  • $2,500Other real estate owned
  • $0Goodwill and other intangibles
  • $105,164Life insurance assets
  • $1,760All other assets
  • $94,238Total liabilities and capital
  • $87,884Total liabilities
  • $73,816Total deposits
  • $87,884Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,117Trading liabilities
  • $0Other borrowed funds
  • $237Subordinated debt
  • $10,926All other liabilities
  • $10,926Total equity capital
  • $10,926Total bank equity capital
  • $0Perpetual preferred stock
  • $133Common stock
  • $9,367Surplus
  • $1,426Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,320Income earned, not collected on loans
  • $67Earning assets
  • $463Long-term assets (5+ years)
  • $90,953Average Assets, year-to-date
  • $19,952Average Assets, quarterly
  • $105,840Volatile liabilities
  • $106,365Insider loans
  • $66,350FHLB advances
  • $107,741Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,277Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,252Restructured Loans and leases
  • $31Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,561Total interest income
  • $988Total interest expense
  • $3,573Net interest income
  • $0Provision for loan and lease losses
  • $422Total noninterest income
  • $0Fiduciary activities
  • $181Service charges on deposit accounts
  • $0Trading account gains & fees
  • $241Additional noninterest income
  • $3,807Total noninterest expense
  • $2,109Salaries and employee benefits
  • $723Premises and equipment expense
  • $975Additional noninterest expense
  • $188Pre-tax net operating income
  • $5Securities gains (losses)
  • $0Applicable income taxes
  • $193Income before extraordinary items
  • $0Extraordinary gains - net
  • $193Net income attributable to bank
  • $0Net charge-offs
  • $193Cash dividends
  • $287Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 3.89%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 4.15%Noninterest expense to earning assets
  • 0.18%Net operating income to assets
  • 0.18%Return on assets (ROA)
  • 0.18%Pretax return on assets
  • 1.81%Return on equity (ROE)
  • 1.81%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.66%Efficiency ratio
  • 95,294Assets per employee
  • 3.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.29%Loss allowance to noncurrent loans
  • 52.62%Noncurrent assets plus other real estate owned to assets
  • 5.53%Noncurrent loans to loans
  • 6.26%Net loans and leases to deposits
  • 58.37%Net loans and leases to core deposits
  • 62.09%Equity capital to assets
  • 10.39%Core capital (leverage) ratio
  • 9.54%Tier 1 risk-based capital ratio
  • 15.49%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $105,840Average earning assets
  • $10,662Average equity
  • $91,807Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06520North American State Bank321 Washburn Avenue, Belgrade, MN 56312May 17, 1889Full Service Brick and Mortar
    113644Elrosa BranchMain Street, Elrosa, MN 56325October 25, 1919Full Service Brick and Mortar
    2420189Willmar Branch2800 First Street South, Willmar, MN 56201August 25, 2003Full Service Brick and Mortar

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