Stearns Bank Holdingford National Association in Holdingford, Minnesota (MN)



Show street view No street view available for this location

Stearns Bank Holdingford National Association routing number info

Table of contents:
Stearns Bank Holdingford National Association
GeneralFDIC Certificate #: 10160
Status: Active
Federal Reserve ID: 1011656
Bank Holding Company (Regulatory Top Holder): Stearns Financial Services, Inc. Employee Stock Ownership Plan (RSSDID: 2295837, Location: Saint Cloud, MN)
Date Established: October 10, 1910
WWW: http://www.stearns-bank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 9896
FDIC's unique #: 6501
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: June 08, 2010
Last Data Update: June 08, 2010
Data Source Date: April 05, 2012
LocationAddress: 580 Main Street, Holdingford, MN 56340
County: Stearns
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Minneapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): St. Cloud, MN (#6980)
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
CBSA Metro Statistical Area: St. Cloud, MN (#41060)
History of ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $87.8 mil
Equity capital: $11.5 mil
Deposits held in domestic offices: $76.3 mil
Return on assets (ROA): 1.95% ($1.7 mil)
Quarterly return on assets: 1.45% ($1.3 mil)
Return on Equity (ROE): 15.77% ($1.9 mil)
Quarterly return on equity: 11.17% ($1.3 mil)
Net income: $1.7 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.95% ($1,712.6 mil)
Quarterly Pretax return on assets: 1.45% ($1,273.4 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)5
Total assets$87,824
Cash and due from depository institutions$2,973
Interest-bearing balances$2,205
Securities$3,819
Federal funds sold & reverse repurchase agreements$10,050
Net loans & leases$70,508
Loan loss allowance $1,159
Trading account assets$0
Bank premises and fixed assets$36
Other real estate owned$126
Goodwill and other intangibles$0
All other assets$312
Life insurance assets$87,824
Total liabilities and capital$76,319
Total liabilities$76,256
Total deposits$72,369
Interest-bearing deposits$76,256
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $63
All other liabilities $11,505
Total equity capital$11,505
Total bank equity capital$11,505
Perpetual preferred stock$0
Common stock$75
Surplus$2,300
Undivided profits $9,130
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 $779
Earning assets $0
Long-term assets (5+ years) $46
Average Assets, year-to-date $86,582
Average Assets, quarterly $2,861
Volatile liabilities $86,694
Insider loans $87,292
FHLB advances $74,374
Loans and leases held for sale $87,634
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $11,428
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $315
Derivatives$42
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,187
Total interest expense $666
Net interest income $3,521
Provision for loan and lease losses $355
Total noninterest income $116
Fiduciary activities $0
Service charges on deposit accounts $46
Trading account gains & fees $0
Additional noninterest income $70
Total noninterest expense $1,594
Salaries and employee benefits $179
Premises and equipment expense $233
Additional noninterest expense $1,182
Pre-tax net operating income $1,688
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,688
Extraordinary gains - net $0
Net income attributable to bank $1,688
Net charge-offs $0
Cash dividends $1,688
Sale, conversion, retirement of capital stock, net $106
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.90%
Cost of funding earning assets 0.78%
Net interest margin 4.12%
Noninterest income to earning assets 0.14%
Noninterest expense to earning assets 1.86%
Net operating income to assets 1.95%
Return on assets (ROA) 1.95%
Pretax return on assets 1.95%
Return on equity (ROE) 15.77%
Retained earnings to average equity (YTD only) 15.77%
Net charge-offs to loans 0.19%
Credit loss provision to net charge-offs 334.91%
Efficiency ratio19.27%
Assets per employee$43,827
Cash dividends to net income (YTD only)17.56%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.62%
Noncurrent assets plus other real estate owned to assets 148.78%
Noncurrent loans to loans 1.03%
Net loans and leases to deposits1.09%
Net loans and leases to core deposits 92.46%
Equity capital to assets 109.90%
Core capital (leverage) ratio 13.10%
Tier 1 risk-based capital ratio 13.04%
Total risk-based capital ratio 15.37%
Memoranda
Average assets$17
Average earning assets$86,694
Average equity $10,702
Average loans $85,481
Back to page top, Back to table top

1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06501Stearns Bank Holdingford National As580 Main Street, Holdingford, MN 56340October 10, 1910Full Service Brick and Mortar
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Stearns Bank Holdingford National Association.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.