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

  • Star Bank in Bertha, Minnesota (MN)
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Star Bank - Overview

  • General
  • FDIC Certificate #: 5095
    Status: Active
    Federal Reserve ID: 715050
    Date Established: August 15, 1904
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 17985
    FDIC's unique #: 3404
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 2nd Avenue Nw, Bertha, MN 56437
    County: Todd
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $149.3 mil
    Equity capital: $16.4 mil
    Deposits held in domestic offices: $127.6 mil
    Return on assets (ROA): 0.99% ($1.5 mil)
    Quarterly return on assets: 0.85% ($1.3 mil)
    Return on Equity (ROE): 10.46% ($1.7 mil)
    Quarterly return on equity: 7.57% ($1.2 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.00% ($1,492.6 mil)
    Quarterly Pretax return on assets: 0.84% ($1,253.7 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
  • 55Total employees (full-time equivalent)
  • $149,255Total assets
  • $24,379Cash and due from depository institutions
  • $12,907Interest-bearing balances
  • $5,405Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $106,874Net loans & leases
  • $1,145Loan loss allowance
  • $0Trading account assets
  • $6,719Bank premises and fixed assets
  • $250Other real estate owned
  • $772Goodwill and other intangibles
  • $149,255Life insurance assets
  • $4,856All other assets
  • $132,810Total liabilities and capital
  • $127,613Total liabilities
  • $103,340Total deposits
  • $127,613Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $197Subordinated debt
  • $16,445All other liabilities
  • $16,445Total equity capital
  • $16,445Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $7,940Surplus
  • $8,305Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,082Income earned, not collected on loans
  • $0Earning assets
  • $1,250Long-term assets (5+ years)
  • $125,186Average Assets, year-to-date
  • $4,690Average Assets, quarterly
  • $141,351Volatile liabilities
  • $146,763Insider loans
  • $111,279FHLB advances
  • $145,383Loans and leases held for sale
  • $1,991Unused loan commitments
  • $1,991Tier 1 (core) risk-based capital
  • $15,611Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,199Restructured Loans and leases
  • $381Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,155Total interest income
  • $1,344Total interest expense
  • $5,811Net interest income
  • $85Provision for loan and lease losses
  • $841Total noninterest income
  • $0Fiduciary activities
  • $497Service charges on deposit accounts
  • $0Trading account gains & fees
  • $344Additional noninterest income
  • $5,160Total noninterest expense
  • $3,131Salaries and employee benefits
  • $866Premises and equipment expense
  • $1,163Additional noninterest expense
  • $1,407Pre-tax net operating income
  • $0Securities gains (losses)
  • $8Applicable income taxes
  • $1,399Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,399Net income attributable to bank
  • $0Net charge-offs
  • $1,399Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $850Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.19%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 5.03%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 4.46%Noninterest expense to earning assets
  • 0.99%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 10.46%Return on equity (ROE)
  • 4.10%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 77,571Assets per employee
  • 2.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.76%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 105.82%Noncurrent assets plus other real estate owned to assets
  • 0.89%Noncurrent loans to loans
  • 1.00%Net loans and leases to deposits
  • 83.75%Net loans and leases to core deposits
  • 87.66%Equity capital to assets
  • 11.02%Core capital (leverage) ratio
  • 10.74%Tier 1 risk-based capital ratio
  • 14.03%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $141,351Average earning assets
  • $13,374Average equity
  • $115,618Average loans

List of branches

  • 9 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03404Star Bank201 2nd Avenue Nw, Bertha, MN 56437August 15, 1904Full Service Brick and Mortar
    13536Verndale Branch101 South Farwell, Verndale, MN 56481January 01, 1882Full Service Brick and Mortar
    59904Graceville Branch228 Studdart Avenue, Graceville, MN 56240January 01, 1904Full Service Brick and Mortar
    6275257Elbow Lake Branch21 Central Ave N, Elbow Lake, MN 56531June 30, 1989Full Service Brick and Mortar
    7272548Wheaton Branch1019 Broadway, Wheaton, MN 56296January 01, 1930Full Service Brick and Mortar
    89459Eagle Bend Branch135 Main Street West, Eagle Bend, MN 56446May 02, 1902Full Service Brick and Mortar
    9464427Annandale Branch460 Elm Street E, Annandale, MN 55302Febuary 15, 2005Full Service Brick and Mortar
    10464428Barrett Branch400 2nd Street, Barrett, MN 56311October 01, 2004Full Service Brick and Mortar
    11521812Eden Prairie Branch250 Prairie Center Drive, Eden Prairie, MN 55344July 19, 2010Full Service Brick and Mortar

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