The Buffalo Ridge Bank in Beardsley, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Buffalo Ridge Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 10Total employees (full-time equivalent)
  • $42,444Total assets
  • $5,304Cash and due from depository institutions
  • $2,889Interest-bearing balances
  • $8,546Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $27,238Net loans & leases
  • $236Loan loss allowance
  • $0Trading account assets
  • $324Bank premises and fixed assets
  • $203Other real estate owned
  • $0Goodwill and other intangibles
  • $42,444Life insurance assets
  • $829All other assets
  • $38,820Total liabilities and capital
  • $38,776Total liabilities
  • $28,170Total deposits
  • $38,776Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $44Subordinated debt
  • $3,624All other liabilities
  • $3,624Total equity capital
  • $3,624Total bank equity capital
  • $0Perpetual preferred stock
  • $60Common stock
  • $2,000Surplus
  • $1,564Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $24Income earned, not collected on loans
  • $0Earning assets
  • $512Long-term assets (5+ years)
  • $38,673Average Assets, year-to-date
  • $1,229Average Assets, quarterly
  • $39,970Volatile liabilities
  • $41,768Insider loans
  • $32,826FHLB advances
  • $42,326Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,432Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,180Restructured Loans and leases
  • $139Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,029Total interest income
  • $339Total interest expense
  • $1,690Net interest income
  • $70Provision for loan and lease losses
  • $89Total noninterest income
  • $0Fiduciary activities
  • $82Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7Additional noninterest income
  • $1,003Total noninterest expense
  • $563Salaries and employee benefits
  • $200Premises and equipment expense
  • $240Additional noninterest expense
  • $706Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $706Income before extraordinary items
  • $0Extraordinary gains - net
  • $706Net income attributable to bank
  • $0Net charge-offs
  • $706Cash dividends
  • $101Sale, conversion, retirement of capital stock, net
  • $345Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.64%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 4.70%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • 1.77%Net operating income to assets
  • 1.77%Return on assets (ROA)
  • 1.77%Pretax return on assets
  • 21.01%Return on equity (ROE)
  • 10.75%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 69.31%Credit loss provision to net charge-offs
  • 7.68%Efficiency ratio
  • 56,380Assets per employee
  • 4.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.87%Loss allowance to loans
  • 0.86%Loss allowance to noncurrent loans
  • 983.33%Noncurrent assets plus other real estate owned to assets
  • 0.53%Noncurrent loans to loans
  • 0.09%Net loans and leases to deposits
  • 70.24%Net loans and leases to core deposits
  • 72.14%Equity capital to assets
  • 8.54%Core capital (leverage) ratio
  • 8.11%Tier 1 risk-based capital ratio
  • 10.46%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $39,970Average earning assets
  • $3,360Average equity
  • $35,950Average loans

List of branches

  • 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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