The Goose River Bank in Mayville, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Goose River Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 29Total employees (full-time equivalent)
  • $111,379Total assets
  • $15,885Cash and due from depository institutions
  • $7,499Interest-bearing balances
  • $29,284Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $61,805Net loans & leases
  • $959Loan loss allowance
  • $0Trading account assets
  • $1,933Bank premises and fixed assets
  • $34Other real estate owned
  • $0Goodwill and other intangibles
  • $111,379Life insurance assets
  • $2,438All other assets
  • $102,646Total liabilities and capital
  • $99,306Total liabilities
  • $79,205Total deposits
  • $99,306Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 2985.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $23Trading liabilities
  • $0Other borrowed funds
  • $332Subordinated debt
  • $8,733All other liabilities
  • $8,733Total equity capital
  • $8,733Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $4,050Surplus
  • $4,533Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $514Income earned, not collected on loans
  • $0Earning assets
  • $1,083Long-term assets (5+ years)
  • $98,588Average Assets, year-to-date
  • $21,596Average Assets, quarterly
  • $109,155Volatile liabilities
  • $109,561Insider loans
  • $69,080FHLB advances
  • $111,304Loans and leases held for sale
  • $810Unused loan commitments
  • $810Tier 1 (core) risk-based capital
  • $8,008Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,526Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,176Total interest income
  • $1,169Total interest expense
  • $3,007Net interest income
  • $91Provision for loan and lease losses
  • $416Total noninterest income
  • $0Fiduciary activities
  • $207Service charges on deposit accounts
  • $0Trading account gains & fees
  • $209Additional noninterest income
  • $2,658Total noninterest expense
  • $1,453Salaries and employee benefits
  • $476Premises and equipment expense
  • $729Additional noninterest expense
  • $674Pre-tax net operating income
  • $2Securities gains (losses)
  • $15Applicable income taxes
  • $661Income before extraordinary items
  • $0Extraordinary gains - net
  • $661Net income attributable to bank
  • $0Net charge-offs
  • $661Cash dividends
  • $185Sale, conversion, retirement of capital stock, net
  • $161Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.24%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.06%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.62%Pretax return on assets
  • 8.00%Return on equity (ROE)
  • 6.05%Retained earnings to average equity (YTD only)
  • 0.30%Net charge-offs to loans
  • 49.19%Credit loss provision to net charge-offs
  • 4.14%Efficiency ratio
  • 77,651Assets per employee
  • 3.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.36%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 186.58%Noncurrent assets plus other real estate owned to assets
  • 0.49%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 62.24%Net loans and leases to core deposits
  • 64.44%Equity capital to assets
  • 7.84%Core capital (leverage) ratio
  • 7.19%Tier 1 risk-based capital ratio
  • 11.59%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $109,155Average earning assets
  • $8,260Average equity
  • $98,388Average loans

List of branches

  • 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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