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


State Bank of Bellingham - Overview

  • General
  • FDIC Certificate #: 17062
    Status: Active
    Federal Reserve ID: 272058
    Bank Holding Company (Regulatory Top Holder): Bellingham Corporation, The (RSSDID: 1122132, Location: Sioux Falls, SD)
    Date Established: March 09, 1942
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 15620
    FDIC's unique #: 11118
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: December 08, 1951
    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 Main Ave, Bellingham, MN 56212
    County: Lac Qui Parle
    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 Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $37.2 mil
    Equity capital: $2.8 mil
    Deposits held in domestic offices: $32.9 mil
    Return on assets (ROA): 1.22% ($0.5 mil)
    Quarterly return on assets: 1.61% ($0.6 mil)
    Return on Equity (ROE): 15.50% ($0.5 mil)
    Quarterly return on equity: 20.54% ($0.6 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.98% ($736.7 mil)
    Quarterly Pretax return on assets: 2.33% ($866.9 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
  • 5Total employees (full-time equivalent)
  • $37,207Total assets
  • $3,098Cash and due from depository institutions
  • $0Interest-bearing balances
  • $1,384Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $31,235Net loans & leases
  • $237Loan loss allowance
  • $0Trading account assets
  • $31Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $37,207Life insurance assets
  • $1,459All other assets
  • $34,411Total liabilities and capital
  • $32,928Total liabilities
  • $27,388Total deposits
  • $32,928Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 350.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $133Subordinated debt
  • $2,796All other liabilities
  • $2,796Total equity capital
  • $2,796Total bank equity capital
  • $0Perpetual preferred stock
  • $66Common stock
  • $2,334Surplus
  • $396Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $769Long-term assets (5+ years)
  • $32,619Average Assets, year-to-date
  • $1,083Average Assets, quarterly
  • $33,154Volatile liabilities
  • $34,858Insider loans
  • $25,621FHLB advances
  • $34,272Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,796Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $455Restructured Loans and leases
  • $1,170Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,832Total interest income
  • $528Total interest expense
  • $1,304Net interest income
  • $12Provision for loan and lease losses
  • $34Total noninterest income
  • $0Fiduciary activities
  • $24Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10Additional noninterest income
  • $671Total noninterest expense
  • $458Salaries and employee benefits
  • $30Premises and equipment expense
  • $183Additional noninterest expense
  • $655Pre-tax net operating income
  • $0Securities gains (losses)
  • $252Applicable income taxes
  • $403Income before extraordinary items
  • $0Extraordinary gains - net
  • $403Net income attributable to bank
  • $0Net charge-offs
  • $403Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.06%Yield on earning assets
  • 1.75%Cost of funding earning assets
  • 4.31%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 2.22%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.98%Pretax return on assets
  • 15.50%Return on equity (ROE)
  • 9.73%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
  • 50,149Assets per employee
  • 7.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.22%Loss allowance to loans
  • 0.75%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 94.86%Net loans and leases to core deposits
  • 99.06%Equity capital to assets
  • 7.51%Core capital (leverage) ratio
  • 8.16%Tier 1 risk-based capital ratio
  • 10.91%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $33,154Average earning assets
  • $2,601Average equity
  • $30,249Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011118State Bank Of Bellingham201 Main Ave, Bellingham, MN 56212March 09, 1942Full Service Brick and Mortar

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