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

This bank is inactive as of September 02, 2003

  • State Bank of Moorhead in Moorhead, Minnesota (MN)
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State Bank of Moorhead - Overview

  • General
  • FDIC Certificate #: 34349
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: State Bank & Trust (#19581)
    Federal Reserve ID: 2509486
    Date Established: November 01, 1996
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 57108
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 01, 1996
    Last Structure Change Effective Date: September 02, 2003
    Last Structure Change Process Date: October 07, 2003
    Last Data Update: October 07, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 1333 8th Street South, Moorhead, MN 56560
    County: Clay
    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
    Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520)
    Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
    Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020)
    CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
  • Financial Summary
  • Total assets: $129.9 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, 2002)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $128,015Total assets
  • $3,487Cash and due from depository institutions
  • $0Interest-bearing balances
  • $11,512Securities
  • $8,050Federal funds sold & reverse repurchase agreements
  • $100,117Net loans & leases
  • $1,371Loan loss allowance
  • $0Trading account assets
  • $2,790Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,059All other assets
  • $128,015Total liabilities and capital
  • $117,584Total liabilities
  • $116,262Total deposits
  • $99,045Interest-bearing deposits
  • $116,262Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $130Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $126Other borrowed funds
  • $0Subordinated debt
  • $1,066All other liabilities
  • $10,431Total equity capital
  • $10,431Total bank equity capital
  • $10,431Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $6,500Undivided profits
  • Memoranda
  • $3,881Noncurrent loans and leases
  • $20,836Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $10Earning assets
  • $0Long-term assets (5+ years)
  • $1,557Average Assets, year-to-date
  • $119,679Average Assets, quarterly
  • $9,372Volatile liabilities
  • $120,664Insider loans
  • $127,908FHLB advances
  • $13,900Loans and leases held for sale
  • $1,585Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $20,836Total unused commitments
  • $0Restructured Loans and leases
  • $1,295Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $7,435Total interest income
  • $2,847Total interest expense
  • $4,588Net interest income
  • $270Provision for loan and lease losses
  • $530Total noninterest income
  • $0Fiduciary activities
  • $263Service charges on deposit accounts
  • $0Trading account gains & fees
  • $267Additional noninterest income
  • $2,335Total noninterest expense
  • $1,327Salaries and employee benefits
  • $213Premises and equipment expense
  • $795Additional noninterest expense
  • $2,513Pre-tax net operating income
  • $3Securities gains (losses)
  • $1,007Applicable income taxes
  • $1,509Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,509Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $23Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.59%Yield on earning assets
  • 2.52%Cost of funding earning assets
  • 4.07%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 2.07%Noninterest expense to earning assets
  • 1.25%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 2.09%Pretax return on assets
  • 16.14%Return on equity (ROE)
  • 16.14%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 1173.91%Credit loss provision to net charge-offs
  • 121.00%Efficiency ratio
  • 45,623Assets per employee
  • 4.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 13710.00%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 86.11%Net loans and leases to core deposits
  • 97.68%Equity capital to assets
  • 8.15%Core capital (leverage) ratio
  • 8.04%Tier 1 risk-based capital ratio
  • 9.90%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $120,664Average earning assets
  • $9,350Average equity
  • $112,758Average loans

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