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

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Stearns Bank Upsala National Association
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)4
Total assets$72,204
Cash and due from depository institutions$2,748
Interest-bearing balances$2,202
Federal funds sold & reverse repurchase agreements$23,225
Net loans & leases$43,284
Loan loss allowance $656
Trading account assets$0
Bank premises and fixed assets$14
Other real estate owned$103
Goodwill and other intangibles$0
All other assets$236
Life insurance assets$72,204
Total liabilities and capital$63,642
Total liabilities$63,603
Total deposits$60,576
Interest-bearing deposits$63,603
Deposits held in domestic offices$85
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $39
All other liabilities $8,562
Total equity capital$8,562
Total bank equity capital$8,562
Perpetual preferred stock$0
Common stock$83
Undivided profits $6,862
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 $518
Earning assets $0
Long-term assets (5+ years) $42
Average Assets, year-to-date $71,305
Average Assets, quarterly $1,617
Volatile liabilities $69,896
Insider loans $70,515
FHLB advances $49,147
Loans and leases held for sale $70,944
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,533
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $149
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,863
Total interest expense $574
Net interest income $2,289
Provision for loan and lease losses $135
Total noninterest income $78
Fiduciary activities $0
Service charges on deposit accounts $45
Trading account gains & fees $0
Additional noninterest income $33
Total noninterest expense $1,122
Salaries and employee benefits $125
Premises and equipment expense $171
Additional noninterest expense $826
Pre-tax net operating income $1,110
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,110
Extraordinary gains - net $0
Net income attributable to bank $1,110
Net charge-offs $0
Cash dividends $1,110
Sale, conversion, retirement of capital stock, net $148
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 assets4.15%
Cost of funding earning assets 0.83%
Net interest margin 3.32%
Noninterest income to earning assets 0.11%
Noninterest expense to earning assets 1.63%
Net operating income to assets 1.59%
Return on assets (ROA) 1.59%
Pretax return on assets 1.59%
Return on equity (ROE) 13.80%
Retained earnings to average equity (YTD only) 13.80%
Net charge-offs to loans 0.39%
Credit loss provision to net charge-offs 91.22%
Efficiency ratio8.41%
Assets per employee$47,402
Cash dividends to net income (YTD only)18.05%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.49%
Noncurrent assets plus other real estate owned to assets 126.64%
Noncurrent loans to loans 0.86%
Net loans and leases to deposits1.18%
Net loans and leases to core deposits 68.05%
Equity capital to assets 81.77%
Core capital (leverage) ratio 11.86%
Tier 1 risk-based capital ratio 12.03%
Total risk-based capital ratio 17.36%
Average assets$19
Average earning assets$69,896
Average equity $8,044
Average loans $68,951
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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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