The Goose River Bank in Mayville, North Dakota (ND)



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The Goose River Bank routing number info

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The Goose River Bank
GeneralFDIC Certificate #: 10236
Status: Active
Federal Reserve ID: 821157
Bank Holding Company (Regulatory Top Holder): Goose River Holding Company (RSSDID: 1123803, Location: Mayville, ND)
Date Established: October 27, 1881
WWW: http://www.gooseriverbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 15739
FDIC's unique #: 6562
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: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 44 Main Street West, Mayville, ND 58257
County: Traill
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $111.4 mil
Equity capital: $8.7 mil
Deposits held in domestic offices: $99.3 mil
Return on assets (ROA): 0.61% ($0.7 mil)
Quarterly return on assets: 0.92% ($1.0 mil)
Return on Equity (ROE): 8.00% ($0.7 mil)
Quarterly return on equity: 11.56% ($1.0 mil)
Net income: $0.7 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.62% ($690.5 mil)
Quarterly Pretax return on assets: 0.90% ($1,002.4 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)29
Total assets$111,379
Cash and due from depository institutions$15,885
Interest-bearing balances$7,499
Securities$29,284
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$61,805
Loan loss allowance $959
Trading account assets$0
Bank premises and fixed assets$1,933
Other real estate owned$34
Goodwill and other intangibles$0
All other assets$2,438
Life insurance assets$111,379
Total liabilities and capital$102,646
Total liabilities$99,306
Total deposits$79,205
Interest-bearing deposits$99,306
Deposits held in domestic offices$95
% insured (estimated)2985.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$23
Other borrowed funds $0
Subordinated debt $332
All other liabilities $8,733
Total equity capital$8,733
Total bank equity capital$8,733
Perpetual preferred stock$0
Common stock$150
Surplus$4,050
Undivided profits $4,533
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 $514
Earning assets $0
Long-term assets (5+ years) $1,083
Average Assets, year-to-date $98,588
Average Assets, quarterly $21,596
Volatile liabilities $109,155
Insider loans $109,561
FHLB advances $69,080
Loans and leases held for sale $111,304
Unused loan commitments $810
Tier 1 (core) risk-based capital $810
Tier 2 risk-based capital $8,008
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,526
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,176
Total interest expense $1,169
Net interest income $3,007
Provision for loan and lease losses $91
Total noninterest income $416
Fiduciary activities $0
Service charges on deposit accounts $207
Trading account gains & fees $0
Additional noninterest income $209
Total noninterest expense $2,658
Salaries and employee benefits $1,453
Premises and equipment expense $476
Additional noninterest expense $729
Pre-tax net operating income $674
Securities gains (losses) $2
Applicable income taxes $15
Income before extraordinary items $661
Extraordinary gains - net $0
Net income attributable to bank $661
Net charge-offs $0
Cash dividends $661
Sale, conversion, retirement of capital stock, net $185
Net operating income $161
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.24%
Cost of funding earning assets 1.19%
Net interest margin 3.06%
Noninterest income to earning assets 0.42%
Noninterest expense to earning assets 2.70%
Net operating income to assets 0.60%
Return on assets (ROA) 0.61%
Pretax return on assets 0.62%
Return on equity (ROE) 8.00%
Retained earnings to average equity (YTD only) 6.05%
Net charge-offs to loans 0.30%
Credit loss provision to net charge-offs 49.19%
Efficiency ratio4.14%
Assets per employee$77,651
Cash dividends to net income (YTD only)3.84%
Condition Ratios (%)
Loss allowance to loans 24.36%
Loss allowance to noncurrent loans 1.53%
Noncurrent assets plus other real estate owned to assets 186.58%
Noncurrent loans to loans 0.49%
Net loans and leases to deposits0.82%
Net loans and leases to core deposits 62.24%
Equity capital to assets 64.44%
Core capital (leverage) ratio 7.84%
Tier 1 risk-based capital ratio 7.19%
Total risk-based capital ratio 11.59%
Memoranda
Average assets$13
Average earning assets$109,155
Average equity $8,260
Average loans $98,388
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3 North Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06562The Goose River Bank44 Main Street West, Mayville, ND 58257October 27, 1881Full Service Brick and Mortar
1222030Hillsboro Branch515 West Caledonia Avenue, Hillsboro, ND 58045January 02, 1997Full Service Brick and Mortar
2452224Hatton Branch1009 Dakota Ave, Hatton, ND 58240July 05, 2005Full Service Brick and Mortar
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