The Northern State Bank of Gonvick in Gonvick, Minnesota (MN)
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| The Northern State Bank of Gonvick | |
|---|---|
| General | FDIC Certificate #: 10187 Status: Active Federal Reserve ID: 75455 Date Established: May 12, 1928 WWW: http://www.nsbgonvick.com 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 #: 6527 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: 283 Main Street, Gonvick, MN 56644 County: Clearwater 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: $34.6 mil Equity capital: $6.2 mil Deposits held in domestic offices: $28.4 mil Return on assets (ROA): -0.23% (-$0.1 mil) Quarterly return on assets: -0.04% (-$0.0 mil) Return on Equity (ROE): -1.19% (-$0.1 mil) Quarterly return on equity: -0.19% (-$0.0 mil) Net income: -$0.1 mil Quarterly Net income: -$0.0 mil Pretax return on assets: -0.23% (-$79.7 mil) Quarterly Pretax return on assets: -0.04% (-$13.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 7 |
| Total assets | $34,637 |
| Cash and due from depository institutions | $21,572 |
| Interest-bearing balances | $17,739 |
| Securities | $7,507 |
| Federal funds sold & reverse repurchase agreements | $70 |
| Net loans & leases | $5,304 |
| Loan loss allowance | $747 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $176 |
| Life insurance assets | $34,637 |
| Total liabilities and capital | $28,402 |
| Total liabilities | $28,352 |
| Total deposits | $22,702 |
| Interest-bearing deposits | $28,352 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $50 |
| All other liabilities | $6,235 |
| Total equity capital | $6,235 |
| Total bank equity capital | $6,235 |
| Perpetual preferred stock | $0 |
| Common stock | $59 |
| Surplus | $1,191 |
| Undivided profits | $4,985 |
| 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 | $109 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $137 |
| Average Assets, year-to-date | $30,620 |
| Average Assets, quarterly | $585 |
| Volatile liabilities | $33,695 |
| Insider loans | $33,695 |
| FHLB advances | $7,367 |
| Loans and leases held for sale | $33,230 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $6,196 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $354 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $614 |
| Total interest expense | $198 |
| Net interest income | $416 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $81 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $62 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $19 |
| Total noninterest expense | $573 |
| Salaries and employee benefits | $356 |
| Premises and equipment expense | $35 |
| Additional noninterest expense | $182 |
| Pre-tax net operating income | -$76 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$76 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$76 |
| Net charge-offs | $0 |
| Cash dividends | -$76 |
| Sale, conversion, retirement of capital stock, net | $9 |
| Net operating income | $208 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 2.12% |
| Cost of funding earning assets | 0.68% |
| Net interest margin | 1.44% |
| Noninterest income to earning assets | 0.28% |
| Noninterest expense to earning assets | 1.98% |
| Net operating income to assets | -0.23% |
| Return on assets (ROA) | -0.23% |
| Pretax return on assets | -0.23% |
| Return on equity (ROE) | -1.19% |
| Retained earnings to average equity (YTD only) | -4.46% |
| Net charge-offs to loans | 0.14% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | -8.44% |
| Assets per employee | $115,292 |
| Cash dividends to net income (YTD only) | 4.95% |
| Condition Ratios (%) | |
| Loss allowance to loans | -273.68% |
| Loss allowance to noncurrent loans | 12.35% |
| Noncurrent assets plus other real estate owned to assets | 685.32% |
| Noncurrent loans to loans | 0.31% |
| Net loans and leases to deposits | 1.80% |
| Net loans and leases to core deposits | 18.71% |
| Equity capital to assets | 19.32% |
| Core capital (leverage) ratio | 18.00% |
| Tier 1 risk-based capital ratio | 18.65% |
| Total risk-based capital ratio | 84.10% |
| Memoranda | |
| Average assets | $85 |
| Average earning assets | $33,695 |
| Average equity | $6,367 |
| Average loans | $28,933 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6527 | The Northern State Bank Of Gonvick | 283 Main Street, Gonvick, MN 56644 | May 12, 1928 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.