Northern State Bank of Thief River Falls in Thief River Falls, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Northern State Bank of Thief River Falls - Overview

  • General
  • FDIC Certificate #: 15286
    Status: Active
    Federal Reserve ID: 188056
    Bank Holding Company (Regulatory Top Holder): Gato Holdings, Inc. (RSSDID: 1907106, Location: Thief River Falls, MN)
    Date Established: August 24, 1935
    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 #: 10910
    FDIC's unique #: 9630
    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: October 02, 1935
    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: 201 East Third Street, Thief River Falls, MN 56701
    County: Pennington
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $267.7 mil
    Equity capital: $29.7 mil
    Deposits held in domestic offices: $230.7 mil
    Return on assets (ROA): 1.47% ($3.9 mil)
    Quarterly return on assets: 1.46% ($3.9 mil)
    Return on Equity (ROE): 13.02% ($3.9 mil)
    Quarterly return on equity: 12.84% ($3.9 mil)
    Net income: $3.7 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.47% ($3,935.0 mil)
    Quarterly Pretax return on assets: 1.46% ($3,908.2 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
  • 45Total employees (full-time equivalent)
  • $267,688Total assets
  • $131,938Cash and due from depository institutions
  • $124,538Interest-bearing balances
  • $22,692Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $109,849Net loans & leases
  • $2,272Loan loss allowance
  • $0Trading account assets
  • $788Bank premises and fixed assets
  • $375Other real estate owned
  • $0Goodwill and other intangibles
  • $267,688Life insurance assets
  • $2,046All other assets
  • $238,013Total liabilities and capital
  • $230,742Total liabilities
  • $194,189Total deposits
  • $230,742Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 6502.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $341Trading liabilities
  • $0Other borrowed funds
  • $428Subordinated debt
  • $29,675All other liabilities
  • $29,675Total equity capital
  • $29,675Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $11,500Surplus
  • $17,675Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,867Income earned, not collected on loans
  • $0Earning assets
  • $1,301Long-term assets (5+ years)
  • $257,079Average Assets, year-to-date
  • $6,047Average Assets, quarterly
  • $251,209Volatile liabilities
  • $258,710Insider loans
  • $106,896FHLB advances
  • $256,265Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,564Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,981Restructured Loans and leases
  • $380Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,170Total interest income
  • $1,501Total interest expense
  • $6,669Net interest income
  • $0Provision for loan and lease losses
  • $864Total noninterest income
  • $0Fiduciary activities
  • $416Service charges on deposit accounts
  • $0Trading account gains & fees
  • $448Additional noninterest income
  • $3,833Total noninterest expense
  • $2,312Salaries and employee benefits
  • $324Premises and equipment expense
  • $1,197Additional noninterest expense
  • $3,700Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • $3,698Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,698Net income attributable to bank
  • $0Net charge-offs
  • $3,698Cash dividends
  • -$650Sale, conversion, retirement of capital stock, net
  • $2,176Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.39%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 2.77%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 1.59%Noninterest expense to earning assets
  • 1.47%Net operating income to assets
  • 1.47%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 13.02%Return on equity (ROE)
  • 5.36%Retained earnings to average equity (YTD only)
  • -0.61%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 50,883Assets per employee
  • 5.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.84%Loss allowance to loans
  • 2.03%Loss allowance to noncurrent loans
  • 121.69%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 1.67%Net loans and leases to deposits
  • 47.61%Net loans and leases to core deposits
  • 48.18%Equity capital to assets
  • 11.09%Core capital (leverage) ratio
  • 11.54%Tier 1 risk-based capital ratio
  • 27.66%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $251,209Average earning assets
  • $28,409Average equity
  • $240,876Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09630Northern State Bank Of Thief River F201 East Third Street, Thief River Falls, MN 56701August 24, 1935Full Service Brick and Mortar
    141875First Federal Branch214 East Third Street, Thief River Falls, MN 56701July 01, 1934Limited Service Facility
    5359986Hugo's Supermarket BranchFirst Street And Pennington Avenue, Thief River Falls, MN 56701August 24, 2000Full Service Brick and Mortar

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