The Gary State Bank in Gary, Minnesota (MN)

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The Gary State Bank routing number info

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The Gary State Bank
GeneralFDIC Certificate #: 16472
Status: Active
Federal Reserve ID: 999355
Date Established: August 17, 1946
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 10636
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: August 17, 1946
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 112 Main Ave, Gary, MN 56545
County: Norman
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Forks
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: $11.8 mil
Equity capital: $1.5 mil
Deposits held in domestic offices: $10.3 mil
Return on assets (ROA): 1.36% ($0.2 mil)
Quarterly return on assets: 1.56% ($0.2 mil)
Return on Equity (ROE): 10.44% ($0.1 mil)
Quarterly return on equity: 11.95% ($0.1 mil)
Net income: $0.1 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 1.36% ($160.8 mil)
Quarterly Pretax return on assets: 1.56% ($184.5 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$11,825
Cash and due from depository institutions$3,216
Interest-bearing balances$1,595
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$8,363
Loan loss allowance $342
Trading account assets$0
Bank premises and fixed assets$40
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$206
Life insurance assets$11,825
Total liabilities and capital$10,330
Total liabilities$10,314
Total deposits$7,295
Interest-bearing deposits$10,314
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $16
All other liabilities $1,495
Total equity capital$1,495
Total bank equity capital$1,495
Perpetual preferred stock$0
Common stock$25
Undivided profits $195
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 $97
Earning assets $0
Long-term assets (5+ years) $160
Average Assets, year-to-date $9,958
Average Assets, quarterly $0
Volatile liabilities $10,923
Insider loans $11,257
FHLB advances $7,999
Loans and leases held for sale $11,432
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $1,495
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $279
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $533
Total interest expense $43
Net interest income $490
Provision for loan and lease losses $0
Total noninterest income $94
Fiduciary activities $0
Service charges on deposit accounts $46
Trading account gains & fees $0
Additional noninterest income $48
Total noninterest expense $435
Salaries and employee benefits $294
Premises and equipment expense $33
Additional noninterest expense $108
Pre-tax net operating income $149
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $149
Extraordinary gains - net $0
Net income attributable to bank $149
Net charge-offs $0
Cash dividends $149
Sale, conversion, retirement of capital stock, net -$93
Net operating income $53
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.51%
Cost of funding earning assets 0.44%
Net interest margin 5.06%
Noninterest income to earning assets 0.97%
Noninterest expense to earning assets 4.49%
Net operating income to assets 1.36%
Return on assets (ROA) 1.36%
Pretax return on assets 1.36%
Return on equity (ROE) 10.44%
Retained earnings to average equity (YTD only) 6.73%
Net charge-offs to loans -1.15%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$74,486
Cash dividends to net income (YTD only)2.37%
Condition Ratios (%)
Loss allowance to loans 35.57%
Loss allowance to noncurrent loans 3.93%
Noncurrent assets plus other real estate owned to assets 352.58%
Noncurrent loans to loans 0.82%
Net loans and leases to deposits1.11%
Net loans and leases to core deposits 81.08%
Equity capital to assets 87.44%
Core capital (leverage) ratio 12.64%
Tier 1 risk-based capital ratio 13.08%
Total risk-based capital ratio 18.69%
Average assets$20
Average earning assets$10,923
Average equity $1,427
Average loans $9,682
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010636The Gary State Bank112 Main Ave, Gary, MN 56545August 17, 1946Full Service Brick and Mortar
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