Northern Star Bank in Mankato, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Northern Star Bank - Overview

  • General
  • FDIC Certificate #: 34983
    Status: Active
    Federal Reserve ID: 2729604
    Bank Holding Company (Regulatory Top Holder): Northern Star Financial, Inc. (RSSDID: 2729592, Location: Mankato, MN)
    Date Established: January 25, 1999
    WWW: http://www.northernstarbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 73805
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 25, 1999
    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: 1650 Madison Avenue, Mankato, MN 56001
    County: Blue Earth
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Mankato-North Mankato, MN (#31860)
    CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $30.0 mil
    Equity capital: $1.3 mil
    Deposits held in domestic offices: $28.2 mil
    Return on assets (ROA): -2.65% (-$0.8 mil)
    Quarterly return on assets: -1.13% (-$0.3 mil)
    Return on Equity (ROE): -61.70% (-$0.6 mil)
    Quarterly return on equity: -28.63% (-$0.3 mil)
    Net income: -$0.9 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -2.65% (-$794.1 mil)
    Quarterly Pretax return on assets: -1.13% (-$338.6 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
  • 11Total employees (full-time equivalent)
  • $29,965Total assets
  • $3,505Cash and due from depository institutions
  • $1,038Interest-bearing balances
  • $2,378Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $20,271Net loans & leases
  • $509Loan loss allowance
  • $0Trading account assets
  • $120Bank premises and fixed assets
  • $2,002Other real estate owned
  • $25Goodwill and other intangibles
  • $29,965Life insurance assets
  • $1,664All other assets
  • $28,642Total liabilities and capital
  • $28,239Total liabilities
  • $24,111Total deposits
  • $28,239Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $230Trading liabilities
  • $0Other borrowed funds
  • $173Subordinated debt
  • $1,323All other liabilities
  • $1,323Total equity capital
  • $1,323Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $6,292Surplus
  • $-5,219Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $928Income earned, not collected on loans
  • $0Earning assets
  • $120Long-term assets (5+ years)
  • $23,687Average Assets, year-to-date
  • $5,642Average Assets, quarterly
  • $34,106Volatile liabilities
  • $31,423Insider loans
  • $24,077FHLB advances
  • $31,800Loans and leases held for sale
  • $1,297Unused loan commitments
  • $1,297Tier 1 (core) risk-based capital
  • $1,345Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,102Restructured Loans and leases
  • $598Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,616Total interest income
  • $424Total interest expense
  • $1,192Net interest income
  • $358Provision for loan and lease losses
  • $126Total noninterest income
  • $0Fiduciary activities
  • $35Service charges on deposit accounts
  • $0Trading account gains & fees
  • $91Additional noninterest income
  • $1,879Total noninterest expense
  • $819Salaries and employee benefits
  • $307Premises and equipment expense
  • $753Additional noninterest expense
  • -$919Pre-tax net operating income
  • $16Securities gains (losses)
  • $0Applicable income taxes
  • -$903Income before extraordinary items
  • $0Extraordinary gains - net
  • -$903Net income attributable to bank
  • $0Net charge-offs
  • -$903Cash dividends
  • $513Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.90%Yield on earning assets
  • 1.55%Cost of funding earning assets
  • 4.35%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 6.86%Noninterest expense to earning assets
  • -2.69%Net operating income to assets
  • -2.65%Return on assets (ROA)
  • -2.65%Pretax return on assets
  • -61.70%Return on equity (ROE)
  • -61.70%Retained earnings to average equity (YTD only)
  • 2.12%Net charge-offs to loans
  • 69.79%Credit loss provision to net charge-offs
  • -1.09%Efficiency ratio
  • 142,564Assets per employee
  • 2.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.45%Loss allowance to noncurrent loans
  • 54.85%Noncurrent assets plus other real estate owned to assets
  • 9.78%Noncurrent loans to loans
  • 4.47%Net loans and leases to deposits
  • 71.78%Net loans and leases to core deposits
  • 72.56%Equity capital to assets
  • 4.42%Core capital (leverage) ratio
  • 4.23%Tier 1 risk-based capital ratio
  • 5.59%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $34,106Average earning assets
  • $1,464Average equity
  • $27,408Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    073805Northern Star Bank1650 Madison Avenue, Mankato, MN 56001January 25, 1999Full Service Brick and Mortar
    1362281St. Cloud Branch300 East Saint Germain Street, Saint Cloud, MN 56304August 15, 2001Full Service Brick and Mortar

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