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

State Bank of Park Rapids - Overview

  • General
  • FDIC Certificate #: 1406
    Status: Active
    Federal Reserve ID: 169952
    Bank Holding Company (Regulatory Top Holder): Hubbard Bancshares, Inc. (RSSDID: 1125197, Location: Park Rapids, MN)
    Date Established: June 02, 1902
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 928
    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: 200 East 1st Street, Park Rapids, MN 56470
    County: Hubbard
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $86.4 mil
    Equity capital: $9.2 mil
    Deposits held in domestic offices: $74.3 mil
    Return on assets (ROA): 1.02% ($0.9 mil)
    Quarterly return on assets: 0.47% ($0.4 mil)
    Return on Equity (ROE): 11.11% ($1.0 mil)
    Quarterly return on equity: 4.53% ($0.4 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.03% ($889.6 mil)
    Quarterly Pretax return on assets: 0.47% ($405.9 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
  • 21Total employees (full-time equivalent)
  • $86,367Total assets
  • $2,634Cash and due from depository institutions
  • $193Interest-bearing balances
  • $31,085Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $44,058Net loans & leases
  • $887Loan loss allowance
  • $0Trading account assets
  • $1,777Bank premises and fixed assets
  • $2,999Other real estate owned
  • $0Goodwill and other intangibles
  • $86,367Life insurance assets
  • $3,814All other assets
  • $77,196Total liabilities and capital
  • $74,270Total liabilities
  • $64,870Total deposits
  • $74,270Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,800Trading liabilities
  • $0Other borrowed funds
  • $126Subordinated debt
  • $9,171All other liabilities
  • $9,171Total equity capital
  • $9,171Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $4,400Surplus
  • $4,671Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,366Income earned, not collected on loans
  • $0Earning assets
  • $501Long-term assets (5+ years)
  • $75,336Average Assets, year-to-date
  • $36,101Average Assets, quarterly
  • $89,516Volatile liabilities
  • $88,935Insider loans
  • $54,642FHLB advances
  • $90,210Loans and leases held for sale
  • $2,702Unused loan commitments
  • $2,702Tier 1 (core) risk-based capital
  • $8,199Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,210Restructured Loans and leases
  • $376Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,929Total interest income
  • $1,014Total interest expense
  • $2,915Net interest income
  • $115Provision for loan and lease losses
  • $573Total noninterest income
  • $0Fiduciary activities
  • $327Service charges on deposit accounts
  • $0Trading account gains & fees
  • $246Additional noninterest income
  • $2,790Total noninterest expense
  • $1,226Salaries and employee benefits
  • $384Premises and equipment expense
  • $1,180Additional noninterest expense
  • $583Pre-tax net operating income
  • $336Securities gains (losses)
  • $2Applicable income taxes
  • $917Income before extraordinary items
  • $0Extraordinary gains - net
  • $917Net income attributable to bank
  • $0Net charge-offs
  • $917Cash dividends
  • $421Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.16%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 3.67%Noninterest expense to earning assets
  • 0.65%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.03%Pretax return on assets
  • 11.11%Return on equity (ROE)
  • 11.11%Retained earnings to average equity (YTD only)
  • 0.91%Net charge-offs to loans
  • 27.32%Credit loss provision to net charge-offs
  • 1.66%Efficiency ratio
  • 79,989Assets per employee
  • 4.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.97%Loss allowance to noncurrent loans
  • 64.93%Noncurrent assets plus other real estate owned to assets
  • 5.05%Noncurrent loans to loans
  • 3.04%Net loans and leases to deposits
  • 59.32%Net loans and leases to core deposits
  • 61.31%Equity capital to assets
  • 10.62%Core capital (leverage) ratio
  • 9.09%Tier 1 risk-based capital ratio
  • 15.00%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $89,516Average earning assets
  • $8,256Average equity
  • $76,117Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0928State Bank Of Park Rapids200 East 1st Street, Park Rapids, MN 56470June 02, 1902Full Service Brick and Mortar

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