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

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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
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
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
Undivided profits $9,130
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
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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
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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%
Average assets$17
Average earning assets$86,694
Average equity $10,702
Average loans $85,481
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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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