State Bank of Park Rapids in Park Rapids, Minnesota (MN)



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State Bank of Park Rapids routing number info

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State Bank of Park Rapids
GeneralFDIC 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
WWW: http://www.statebankofparkrapids.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)21
Total assets$86,367
Cash and due from depository institutions$2,634
Interest-bearing balances$193
Securities$31,085
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$44,058
Loan loss allowance $887
Trading account assets$0
Bank premises and fixed assets$1,777
Other real estate owned$2,999
Goodwill and other intangibles$0
All other assets$3,814
Life insurance assets$86,367
Total liabilities and capital$77,196
Total liabilities$74,270
Total deposits$64,870
Interest-bearing deposits$74,270
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,800
Other borrowed funds $0
Subordinated debt $126
All other liabilities $9,171
Total equity capital$9,171
Total bank equity capital$9,171
Perpetual preferred stock$0
Common stock$100
Surplus$4,400
Undivided profits $4,671
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,366
Earning assets $0
Long-term assets (5+ years) $501
Average Assets, year-to-date $75,336
Average Assets, quarterly $36,101
Volatile liabilities $89,516
Insider loans $88,935
FHLB advances $54,642
Loans and leases held for sale $90,210
Unused loan commitments $2,702
Tier 1 (core) risk-based capital $2,702
Tier 2 risk-based capital $8,199
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,210
Derivatives$376
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,929
Total interest expense $1,014
Net interest income $2,915
Provision for loan and lease losses $115
Total noninterest income $573
Fiduciary activities $0
Service charges on deposit accounts $327
Trading account gains & fees $0
Additional noninterest income $246
Total noninterest expense $2,790
Salaries and employee benefits $1,226
Premises and equipment expense $384
Additional noninterest expense $1,180
Pre-tax net operating income $583
Securities gains (losses) $336
Applicable income taxes $2
Income before extraordinary items $917
Extraordinary gains - net $0
Net income attributable to bank $917
Net charge-offs $0
Cash dividends $917
Sale, conversion, retirement of capital stock, net $421
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.16%
Cost of funding earning assets 1.33%
Net interest margin 3.83%
Noninterest income to earning assets 0.75%
Noninterest expense to earning assets 3.67%
Net operating income to assets 0.65%
Return on assets (ROA) 1.02%
Pretax return on assets 1.03%
Return on equity (ROE) 11.11%
Retained earnings to average equity (YTD only) 11.11%
Net charge-offs to loans 0.91%
Credit loss provision to net charge-offs 27.32%
Efficiency ratio1.66%
Assets per employee$79,989
Cash dividends to net income (YTD only)4.11%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.97%
Noncurrent assets plus other real estate owned to assets 64.93%
Noncurrent loans to loans 5.05%
Net loans and leases to deposits3.04%
Net loans and leases to core deposits 59.32%
Equity capital to assets 61.31%
Core capital (leverage) ratio 10.62%
Tier 1 risk-based capital ratio 9.09%
Total risk-based capital ratio 15.00%
Memoranda
Average assets$16
Average earning assets$89,516
Average equity $8,256
Average loans $76,117
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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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