Stearns Bank Holdingford National Association in Holdingford, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Stearns Bank Holdingford National Association in Holdingford, Minnesota (MN)
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Stearns Bank Holdingford National Association - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 5Total employees (full-time equivalent)
  • $87,824Total assets
  • $2,973Cash and due from depository institutions
  • $2,205Interest-bearing balances
  • $3,819Securities
  • $10,050Federal funds sold & reverse repurchase agreements
  • $70,508Net loans & leases
  • $1,159Loan loss allowance
  • $0Trading account assets
  • $36Bank premises and fixed assets
  • $126Other real estate owned
  • $0Goodwill and other intangibles
  • $87,824Life insurance assets
  • $312All other assets
  • $76,319Total liabilities and capital
  • $76,256Total liabilities
  • $72,369Total deposits
  • $76,256Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $63Subordinated debt
  • $11,505All other liabilities
  • $11,505Total equity capital
  • $11,505Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $2,300Surplus
  • $9,130Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $779Income earned, not collected on loans
  • $0Earning assets
  • $46Long-term assets (5+ years)
  • $86,582Average Assets, year-to-date
  • $2,861Average Assets, quarterly
  • $86,694Volatile liabilities
  • $87,292Insider loans
  • $74,374FHLB advances
  • $87,634Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,428Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $315Restructured Loans and leases
  • $42Derivatives

Income and Expense (December 31, 2011)

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

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.90%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 4.12%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 1.86%Noninterest expense to earning assets
  • 1.95%Net operating income to assets
  • 1.95%Return on assets (ROA)
  • 1.95%Pretax return on assets
  • 15.77%Return on equity (ROE)
  • 15.77%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 334.91%Credit loss provision to net charge-offs
  • 19.27%Efficiency ratio
  • 43,827Assets per employee
  • 17.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 148.78%Noncurrent assets plus other real estate owned to assets
  • 1.03%Noncurrent loans to loans
  • 1.09%Net loans and leases to deposits
  • 92.46%Net loans and leases to core deposits
  • 109.90%Equity capital to assets
  • 13.10%Core capital (leverage) ratio
  • 13.04%Tier 1 risk-based capital ratio
  • 15.37%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $86,694Average earning assets
  • $10,702Average equity
  • $85,481Average loans

List of branches

  • 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

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