The Buffalo Ridge Bank in Beardsley, Minnesota (MN)



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The Buffalo Ridge Bank routing number info

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The Buffalo Ridge Bank
GeneralFDIC Certificate #: 8219
Status: Active
Federal Reserve ID: 394352
Bank Holding Company (Regulatory Top Holder): Beardsley Bancshares, Inc. (RSSDID: 1126055, Location: Beardsley, MN)
Date Established: Febuary 21, 1930
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 5242
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 02, 2010
Last Structure Change Process Date: June 03, 2010
Last Data Update: June 03, 2010
Data Source Date: April 05, 2012
LocationAddress: 101 North Main Street, Beardsley, MN 56211
County: Big Stone
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of ChangesChange in Location
Financial SummaryTotal assets: $42.4 mil
Equity capital: $3.6 mil
Deposits held in domestic offices: $38.8 mil
Return on assets (ROA): 1.77% ($0.7 mil)
Quarterly return on assets: 1.06% ($0.4 mil)
Return on Equity (ROE): 21.01% ($0.8 mil)
Quarterly return on equity: 12.38% ($0.5 mil)
Net income: $0.7 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.77% ($751.3 mil)
Quarterly Pretax return on assets: 1.06% ($449.9 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)10
Total assets$42,444
Cash and due from depository institutions$5,304
Interest-bearing balances$2,889
Securities$8,546
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$27,238
Loan loss allowance $236
Trading account assets$0
Bank premises and fixed assets$324
Other real estate owned$203
Goodwill and other intangibles$0
All other assets$829
Life insurance assets$42,444
Total liabilities and capital$38,820
Total liabilities$38,776
Total deposits$28,170
Interest-bearing deposits$38,776
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $44
All other liabilities $3,624
Total equity capital$3,624
Total bank equity capital$3,624
Perpetual preferred stock$0
Common stock$60
Surplus$2,000
Undivided profits $1,564
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 $24
Earning assets $0
Long-term assets (5+ years) $512
Average Assets, year-to-date $38,673
Average Assets, quarterly $1,229
Volatile liabilities $39,970
Insider loans $41,768
FHLB advances $32,826
Loans and leases held for sale $42,326
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $3,432
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,180
Derivatives$139
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,029
Total interest expense $339
Net interest income $1,690
Provision for loan and lease losses $70
Total noninterest income $89
Fiduciary activities $0
Service charges on deposit accounts $82
Trading account gains & fees $0
Additional noninterest income $7
Total noninterest expense $1,003
Salaries and employee benefits $563
Premises and equipment expense $200
Additional noninterest expense $240
Pre-tax net operating income $706
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $706
Extraordinary gains - net $0
Net income attributable to bank $706
Net charge-offs $0
Cash dividends $706
Sale, conversion, retirement of capital stock, net $101
Net operating income $345
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.64%
Cost of funding earning assets 0.94%
Net interest margin 4.70%
Noninterest income to earning assets 0.25%
Noninterest expense to earning assets 2.79%
Net operating income to assets 1.77%
Return on assets (ROA) 1.77%
Pretax return on assets 1.77%
Return on equity (ROE) 21.01%
Retained earnings to average equity (YTD only) 10.75%
Net charge-offs to loans 0.39%
Credit loss provision to net charge-offs 69.31%
Efficiency ratio7.68%
Assets per employee$56,380
Cash dividends to net income (YTD only)4.24%
Condition Ratios (%)
Loss allowance to loans 48.87%
Loss allowance to noncurrent loans 0.86%
Noncurrent assets plus other real estate owned to assets 983.33%
Noncurrent loans to loans 0.53%
Net loans and leases to deposits0.09%
Net loans and leases to core deposits 70.24%
Equity capital to assets 72.14%
Core capital (leverage) ratio 8.54%
Tier 1 risk-based capital ratio 8.11%
Total risk-based capital ratio 10.46%
Memoranda
Average assets$11
Average earning assets$39,970
Average equity $3,360
Average loans $35,950
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3 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05242The Buffalo Ridge Bank101 North Main Street, Beardsley, MN 56211Febuary 21, 1930Full Service Brick and Mortar
15996Main Street - Ruthton BranchMain Street, Ruthton, MN 56170January 01, 1917Full Service Brick and Mortar
2219933Detached FacilityMain Street And Washington Avenue, Holland, MN 56139November 01, 1980Limited Service Facility
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