Northern State Bank of Virginia in city_name, state_name - Detailed Financial Reports, Location

Northern State Bank of Virginia in Virginia, Minnesota (MN)
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Northern State Bank of Virginia routing number info

Northern State Bank of Virginia - Overview

General
FDIC Certificate #: 19589
Status: Active
Federal Reserve ID: 774253
Bank Holding Company (Regulatory Top Holder): Kes Bancshares, Inc. (RSSDID: 2564047, Location: Virginia, MN)
Date Established: May 19, 1966
WWW: http://www.nsbov.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)
OTS Docket #: 15406
FDIC's unique #: 13388
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: May 19, 1966
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: 600 Chestnut Street, Virginia, MN 55792
County: St. Louis
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): Duluth-Superior, MN-WI (#2240)
Core Based Statistical Area (CBSA): Duluth, MN-WI (#20260)
CBSA Metro Statistical Area: Duluth, MN-WI (#20260)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $60.1 mil
Equity capital: $4.3 mil
Deposits held in domestic offices: $55.8 mil
Return on assets (ROA): 0.19% ($0.1 mil)
Quarterly return on assets: 0.19% ($0.1 mil)
Return on Equity (ROE): 2.65% ($0.1 mil)
Quarterly return on equity: 2.73% ($0.1 mil)
Net income: $0.1 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.19% ($114.1 mil)
Quarterly Pretax return on assets: 0.19% ($114.1 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
21Total employees (full-time equivalent)
$60,064Total assets
$6,764Cash and due from depository institutions
$3,732Interest-bearing balances
$6,963Securities
$2,500Federal funds sold & reverse repurchase agreements
$40,947Net loans & leases
$645Loan loss allowance
$0Trading account assets
$860Bank premises and fixed assets
$705Other real estate owned
$0Goodwill and other intangibles
$60,064Life insurance assets
$1,325All other assets
$55,810Total liabilities and capital
$55,767Total liabilities
$49,052Total deposits
$55,767Interest-bearing deposits
$87Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$43Subordinated debt
$4,254All other liabilities
$4,254Total equity capital
$4,254Total bank equity capital
$0Perpetual preferred stock
$312Common stock
$2,188Surplus
$1,754Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$808Income earned, not collected on loans
$0Earning assets
$223Long-term assets (5+ years)
$54,142Average Assets, year-to-date
$11,962Average Assets, quarterly
$57,543Volatile liabilities
$59,927Insider loans
$39,306FHLB advances
$60,182Loans and leases held for sale
$531Unused loan commitments
$531Tier 1 (core) risk-based capital
$4,242Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,449Restructured Loans and leases
$741Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$2,529Total interest income
$485Total interest expense
$2,044Net interest income
$25Provision for loan and lease losses
$124Total noninterest income
$0Fiduciary activities
$170Service charges on deposit accounts
$0Trading account gains & fees
-$46Additional noninterest income
$2,055Total noninterest expense
$1,077Salaries and employee benefits
$419Premises and equipment expense
$559Additional noninterest expense
$88Pre-tax net operating income
$23Securities gains (losses)
$0Applicable income taxes
$111Income before extraordinary items
$0Extraordinary gains - net
$111Net income attributable to bank
$0Net charge-offs
$111Cash dividends
$36Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.92%Yield on earning assets
0.94%Cost of funding earning assets
3.98%Net interest margin
0.24%Noninterest income to earning assets
4.00%Noninterest expense to earning assets
0.15%Net operating income to assets
0.19%Return on assets (ROA)
0.19%Pretax return on assets
2.65%Return on equity (ROE)
2.65%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
69.44%Credit loss provision to net charge-offs
3.14%Efficiency ratio
94,788Assets per employee
2.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.55%Loss allowance to noncurrent loans
79.83%Noncurrent assets plus other real estate owned to assets
2.52%Noncurrent loans to loans
1.94%Net loans and leases to deposits
73.43%Net loans and leases to core deposits
75.65%Equity capital to assets
7.08%Core capital (leverage) ratio
7.05%Tier 1 risk-based capital ratio
10.79%Total risk-based capital ratio
Memoranda
$12Average assets
$57,543Average earning assets
$4,191Average equity
$51,351Average loans

List of branches

2 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	13388	Northern State Bank Of Virginia	600 Chestnut Street, Virginia, MN 55792	May 19, 1966	Full Service Brick and Mortar
1	248933	Virginia Branch	1111 17th Street South, Virginia, MN 55792	December 01, 1998	Limited Service Facility

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

Northern State Bank of Virginia - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

Northern State Bank of Virginia - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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