Sherburne State Bank in Becker, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Sherburne State Bank in Becker, Minnesota (MN)
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Sherburne State Bank - Overview

  • General
  • FDIC Certificate #: 10169
    Status: Active
    Federal Reserve ID: 198251
    Bank Holding Company (Regulatory Top Holder): Saint Joseph Bancshares Acquisitions, Inc. (RSSDID: 3348011, Location: Saint Joseph, MN)
    Date Established: September 07, 1920
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 6510
    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: 12500 Sherburne Avenue, Becker, MN 55308
    County: Sherburne
    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): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $69.3 mil
    Equity capital: $7.4 mil
    Deposits held in domestic offices: $61.7 mil
    Return on assets (ROA): 1.16% ($0.8 mil)
    Quarterly return on assets: 2.70% ($1.9 mil)
    Return on Equity (ROE): 13.25% ($0.9 mil)
    Quarterly return on equity: 26.82% ($1.9 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.16% ($803.7 mil)
    Quarterly Pretax return on assets: 2.70% ($1,870.6 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
  • 27Total employees (full-time equivalent)
  • $69,283Total assets
  • $6,777Cash and due from depository institutions
  • $5,009Interest-bearing balances
  • $10,127Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $42,179Net loans & leases
  • $177Loan loss allowance
  • $0Trading account assets
  • $5,962Bank premises and fixed assets
  • $3,155Other real estate owned
  • $326Goodwill and other intangibles
  • $69,283Life insurance assets
  • $757All other assets
  • $61,845Total liabilities and capital
  • $61,669Total liabilities
  • $43,507Total deposits
  • $61,669Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $176Subordinated debt
  • $7,438All other liabilities
  • $7,438Total equity capital
  • $7,438Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $6,516Surplus
  • $847Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $81Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,909Income earned, not collected on loans
  • $0Earning assets
  • $215Long-term assets (5+ years)
  • $57,315Average Assets, year-to-date
  • $4,428Average Assets, quarterly
  • $72,507Volatile liabilities
  • $71,685Insider loans
  • $52,032FHLB advances
  • $74,069Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,104Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,686Restructured Loans and leases
  • $77Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,489Total interest income
  • $89Total interest expense
  • $2,400Net interest income
  • $282Provision for loan and lease losses
  • $274Total noninterest income
  • $0Fiduciary activities
  • $114Service charges on deposit accounts
  • $0Trading account gains & fees
  • $160Additional noninterest income
  • $1,553Total noninterest expense
  • $751Salaries and employee benefits
  • $337Premises and equipment expense
  • $465Additional noninterest expense
  • $839Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $839Income before extraordinary items
  • $0Extraordinary gains - net
  • $839Net income attributable to bank
  • $0Net charge-offs
  • $839Cash dividends
  • $105Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.08%Yield on earning assets
  • 0.15%Cost of funding earning assets
  • 3.93%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.54%Noninterest expense to earning assets
  • 1.16%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.16%Pretax return on assets
  • 13.25%Return on equity (ROE)
  • 13.25%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 268.57%Credit loss provision to net charge-offs
  • 10.68%Efficiency ratio
  • 58,078Assets per employee
  • 2.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.42%Loss allowance to noncurrent loans
  • 9.27%Noncurrent assets plus other real estate owned to assets
  • 7.31%Noncurrent loans to loans
  • 4.51%Net loans and leases to deposits
  • 68.40%Net loans and leases to core deposits
  • 69.17%Equity capital to assets
  • 10.74%Core capital (leverage) ratio
  • 9.59%Tier 1 risk-based capital ratio
  • 13.65%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $72,507Average earning assets
  • $6,330Average equity
  • $61,044Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06510Sherburne State Bank12500 Sherburne Avenue, Becker, MN 55308September 07, 1920Full Service Brick and Mortar
    2221985Clear Lake Branch8590 Main Avenue, Clear Lake, MN 55319Febuary 17, 1981Full Service Brick and Mortar
    3221986Princeton Branch136 N Rum River Dr., Princeton, MN 55371March 02, 2000Full Service Brick and Mortar
    4471138Sherburne State Bank, St. Cloud Branch319 2nd Street South, Saint Cloud, MN 56301October 22, 2007Full Service Brick and Mortar

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