NorthStar Bank in Estherville, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • NorthStar Bank in Estherville, Iowa (IA)
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NorthStar Bank - Overview

  • General
  • FDIC Certificate #: 34407
    Status: Active
    Federal Reserve ID: 2562137
    Bank Holding Company (Regulatory Top Holder): Northstar Bancshares, Inc. (RSSDID: 2851578, Location: Estherville, IA)
    Date Established: April 01, 1997
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 15762
    FDIC's unique #: 57170
    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: April 01, 1997
    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: 2202 Central Avenue, Estherville, IA 51334
    County: Emmet
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $85.9 mil
    Equity capital: $9.0 mil
    Deposits held in domestic offices: $74.2 mil
    Return on assets (ROA): 1.36% ($1.2 mil)
    Quarterly return on assets: 1.36% ($1.2 mil)
    Return on Equity (ROE): 13.06% ($1.2 mil)
    Quarterly return on equity: 12.90% ($1.2 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.43% ($1,228.7 mil)
    Quarterly Pretax return on assets: 1.43% ($1,228.7 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
  • 18Total employees (full-time equivalent)
  • $85,923Total assets
  • $11,532Cash and due from depository institutions
  • $8,695Interest-bearing balances
  • $6,379Securities
  • $391Federal funds sold & reverse repurchase agreements
  • $63,570Net loans & leases
  • $697Loan loss allowance
  • $0Trading account assets
  • $1,890Bank premises and fixed assets
  • $310Other real estate owned
  • $420Goodwill and other intangibles
  • $85,923Life insurance assets
  • $1,431All other assets
  • $76,968Total liabilities and capital
  • $74,159Total liabilities
  • $65,590Total deposits
  • $74,159Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,500Trading liabilities
  • $0Other borrowed funds
  • $309Subordinated debt
  • $8,955All other liabilities
  • $8,955Total equity capital
  • $8,955Total bank equity capital
  • $0Perpetual preferred stock
  • $274Common stock
  • $3,990Surplus
  • $4,691Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $50Income earned, not collected on loans
  • $0Earning assets
  • $898Long-term assets (5+ years)
  • $79,035Average Assets, year-to-date
  • $19,504Average Assets, quarterly
  • $82,111Volatile liabilities
  • $83,362Insider loans
  • $66,380FHLB advances
  • $84,349Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,427Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,276Restructured Loans and leases
  • $6,926Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,600Total interest income
  • $695Total interest expense
  • $2,905Net interest income
  • $20Provision for loan and lease losses
  • $679Total noninterest income
  • $0Fiduciary activities
  • $100Service charges on deposit accounts
  • $0Trading account gains & fees
  • $579Additional noninterest income
  • $2,391Total noninterest expense
  • $1,495Salaries and employee benefits
  • $326Premises and equipment expense
  • $570Additional noninterest expense
  • $1,173Pre-tax net operating income
  • $0Securities gains (losses)
  • $57Applicable income taxes
  • $1,116Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,116Net income attributable to bank
  • $0Net charge-offs
  • $1,116Cash dividends
  • $111Sale, conversion, retirement of capital stock, net
  • $590Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.71%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.89%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 1.43%Pretax return on assets
  • 13.06%Return on equity (ROE)
  • 6.15%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 18.02%Credit loss provision to net charge-offs
  • 10.75%Efficiency ratio
  • 65,206Assets per employee
  • 4.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.87%Loss allowance to loans
  • 1.08%Loss allowance to noncurrent loans
  • 1394.00%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.08%Net loans and leases to deposits
  • 85.72%Net loans and leases to core deposits
  • 92.28%Equity capital to assets
  • 10.42%Core capital (leverage) ratio
  • 9.99%Tier 1 risk-based capital ratio
  • 12.70%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $82,111Average earning assets
  • $8,548Average equity
  • $76,414Average loans

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057170Northstar Bank2202 Central Avenue, Estherville, IA 51334April 01, 1997Full Service Brick and Mortar
    1274899Armstrong Branch403 4th Avenue, Armstrong, IA 50514January 01, 1934Full Service Brick and Mortar

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