Pine River State Bank in Pine River, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pine River State Bank - Overview

  • General
  • FDIC Certificate #: 10194
    Status: Active
    Federal Reserve ID: 729057
    Bank Holding Company (Regulatory Top Holder): Norbanc Group Inc. (RSSDID: 1128424, Location: Pine River, MN)
    Date Established: January 22, 1918
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 13845
    FDIC's unique #: 6533
    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: 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: 103 Mill Street, Pine River, MN 56474
    County: Cass
    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
    Core Based Statistical Area (CBSA): Brainerd, MN (#14660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $89.4 mil
    Equity capital: $8.4 mil
    Deposits held in domestic offices: $80.5 mil
    Return on assets (ROA): 0.30% ($0.3 mil)
    Quarterly return on assets: -0.39% (-$0.3 mil)
    Return on Equity (ROE): 3.20% ($0.3 mil)
    Quarterly return on equity: -4.18% (-$0.3 mil)
    Net income: $0.3 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.30% ($268.1 mil)
    Quarterly Pretax return on assets: -0.39% (-$348.5 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
  • 37Total employees (full-time equivalent)
  • $89,352Total assets
  • $8,324Cash and due from depository institutions
  • $6,242Interest-bearing balances
  • $16,239Securities
  • $9,505Federal funds sold & reverse repurchase agreements
  • $50,548Net loans & leases
  • $850Loan loss allowance
  • $0Trading account assets
  • $3,111Bank premises and fixed assets
  • $274Other real estate owned
  • $0Goodwill and other intangibles
  • $89,352Life insurance assets
  • $1,351All other assets
  • $80,981Total liabilities and capital
  • $80,478Total liabilities
  • $66,736Total deposits
  • $80,478Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $300Trading liabilities
  • $0Other borrowed funds
  • $203Subordinated debt
  • $8,371All other liabilities
  • $8,371Total equity capital
  • $8,371Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $4,500Surplus
  • $3,771Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $328Income earned, not collected on loans
  • $0Earning assets
  • $446Long-term assets (5+ years)
  • $82,534Average Assets, year-to-date
  • $3,173Average Assets, quarterly
  • $88,065Volatile liabilities
  • $89,497Insider loans
  • $55,617FHLB advances
  • $89,500Loans and leases held for sale
  • $196Unused loan commitments
  • $196Tier 1 (core) risk-based capital
  • $8,023Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,432Restructured Loans and leases
  • $17Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,040Total interest income
  • $756Total interest expense
  • $3,284Net interest income
  • $426Provision for loan and lease losses
  • $390Total noninterest income
  • $0Fiduciary activities
  • $235Service charges on deposit accounts
  • $0Trading account gains & fees
  • $155Additional noninterest income
  • $2,983Total noninterest expense
  • $1,803Salaries and employee benefits
  • $473Premises and equipment expense
  • $707Additional noninterest expense
  • $265Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • $263Income before extraordinary items
  • $0Extraordinary gains - net
  • $263Net income attributable to bank
  • $0Net charge-offs
  • $263Cash dividends
  • $277Sale, conversion, retirement of capital stock, net
  • $127Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 3.67%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.30%Pretax return on assets
  • 3.20%Return on equity (ROE)
  • 1.66%Retained earnings to average equity (YTD only)
  • 0.52%Net charge-offs to loans
  • 153.79%Credit loss provision to net charge-offs
  • 2.49%Efficiency ratio
  • 81,192Assets per employee
  • 2.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.29%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 259.15%Noncurrent assets plus other real estate owned to assets
  • 0.67%Noncurrent loans to loans
  • 0.64%Net loans and leases to deposits
  • 62.81%Net loans and leases to core deposits
  • 63.85%Equity capital to assets
  • 9.37%Core capital (leverage) ratio
  • 8.96%Tier 1 risk-based capital ratio
  • 14.43%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $88,065Average earning assets
  • $8,210Average equity
  • $81,237Average loans

List of branches

  • 5 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06533Pine River State Bank103 Mill Street, Pine River, MN 56474January 22, 1918Full Service Brick and Mortar
    1221998Detached Facility40099 State Highway 6, Emily, MN 56447June 02, 1980Full Service Brick and Mortar
    3222000Breezy Point Branch31019 Wildwood Court, Breezy Point, MN 56472May 15, 1995Full Service Brick and Mortar
    4222001Pillager Branch201 River Street North, Pillager, MN 56473June 15, 1999Full Service Brick and Mortar
    5445482Burns Township Branch8141 Viking Blvd Nw, Elk River, MN 55330August 15, 2005Full Service Brick and Mortar

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