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

Stearns Bank Upsala National Association - Overview

  • General
  • FDIC Certificate #: 9336
    Status: Active
    Federal Reserve ID: 208459
    Bank Holding Company (Regulatory Top Holder): Stearns Financial Services, Inc. Employee Stock Ownership Plan (RSSDID: 2295837, Location: Saint Cloud, MN)
    Date Established: May 11, 1914
    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 #: 9923
    FDIC's unique #: 5988
    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 07, 2010
    Last Data Update: June 07, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 105 S. Main Street, Upsala, MN 56384
    County: Morrison
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $72.2 mil
    Equity capital: $8.6 mil
    Deposits held in domestic offices: $63.6 mil
    Return on assets (ROA): 1.59% ($1.1 mil)
    Quarterly return on assets: 0.99% ($0.7 mil)
    Return on Equity (ROE): 13.80% ($1.2 mil)
    Quarterly return on equity: 8.21% ($0.7 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.59% ($1,148.0 mil)
    Quarterly Pretax return on assets: 0.99% ($714.8 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
  • 4Total employees (full-time equivalent)
  • $72,204Total assets
  • $2,748Cash and due from depository institutions
  • $2,202Interest-bearing balances
  • $2,594Securities
  • $23,225Federal funds sold & reverse repurchase agreements
  • $43,284Net loans & leases
  • $656Loan loss allowance
  • $0Trading account assets
  • $14Bank premises and fixed assets
  • $103Other real estate owned
  • $0Goodwill and other intangibles
  • $72,204Life insurance assets
  • $236All other assets
  • $63,642Total liabilities and capital
  • $63,603Total liabilities
  • $60,576Total deposits
  • $63,603Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $39Subordinated debt
  • $8,562All other liabilities
  • $8,562Total equity capital
  • $8,562Total bank equity capital
  • $0Perpetual preferred stock
  • $83Common stock
  • $1,617Surplus
  • $6,862Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $518Income earned, not collected on loans
  • $0Earning assets
  • $42Long-term assets (5+ years)
  • $71,305Average Assets, year-to-date
  • $1,617Average Assets, quarterly
  • $69,896Volatile liabilities
  • $70,515Insider loans
  • $49,147FHLB advances
  • $70,944Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,533Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $149Restructured Loans and leases
  • $105Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,863Total interest income
  • $574Total interest expense
  • $2,289Net interest income
  • $135Provision for loan and lease losses
  • $78Total noninterest income
  • $0Fiduciary activities
  • $45Service charges on deposit accounts
  • $0Trading account gains & fees
  • $33Additional noninterest income
  • $1,122Total noninterest expense
  • $125Salaries and employee benefits
  • $171Premises and equipment expense
  • $826Additional noninterest expense
  • $1,110Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,110Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,110Net income attributable to bank
  • $0Net charge-offs
  • $1,110Cash dividends
  • $148Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.15%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 3.32%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 1.63%Noninterest expense to earning assets
  • 1.59%Net operating income to assets
  • 1.59%Return on assets (ROA)
  • 1.59%Pretax return on assets
  • 13.80%Return on equity (ROE)
  • 13.80%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 91.22%Credit loss provision to net charge-offs
  • 8.41%Efficiency ratio
  • 47,402Assets per employee
  • 18.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 126.64%Noncurrent assets plus other real estate owned to assets
  • 0.86%Noncurrent loans to loans
  • 1.18%Net loans and leases to deposits
  • 68.05%Net loans and leases to core deposits
  • 81.77%Equity capital to assets
  • 11.86%Core capital (leverage) ratio
  • 12.03%Tier 1 risk-based capital ratio
  • 17.36%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $69,896Average earning assets
  • $8,044Average equity
  • $68,951Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05988Stearns Bank Upsala National Associa105 S. Main Street, Upsala, MN 56384May 11, 1914Full Service Brick and Mortar

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