The Northern State Bank of Gonvick in Gonvick, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Northern State Bank of Gonvick - Overview

  • 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)

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
  • 7Total employees (full-time equivalent)
  • $34,637Total assets
  • $21,572Cash and due from depository institutions
  • $17,739Interest-bearing balances
  • $7,507Securities
  • $70Federal funds sold & reverse repurchase agreements
  • $5,304Net loans & leases
  • $747Loan loss allowance
  • $0Trading account assets
  • $8Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $34,637Life insurance assets
  • $176All other assets
  • $28,402Total liabilities and capital
  • $28,352Total liabilities
  • $22,702Total deposits
  • $28,352Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $50Subordinated debt
  • $6,235All other liabilities
  • $6,235Total equity capital
  • $6,235Total bank equity capital
  • $0Perpetual preferred stock
  • $59Common stock
  • $1,191Surplus
  • $4,985Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $109Income earned, not collected on loans
  • $0Earning assets
  • $137Long-term assets (5+ years)
  • $30,620Average Assets, year-to-date
  • $585Average Assets, quarterly
  • $33,695Volatile liabilities
  • $33,695Insider loans
  • $7,367FHLB advances
  • $33,230Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,196Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $354Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $614Total interest income
  • $198Total interest expense
  • $416Net interest income
  • $0Provision for loan and lease losses
  • $81Total noninterest income
  • $0Fiduciary activities
  • $62Service charges on deposit accounts
  • $0Trading account gains & fees
  • $19Additional noninterest income
  • $573Total noninterest expense
  • $356Salaries and employee benefits
  • $35Premises and equipment expense
  • $182Additional noninterest expense
  • -$76Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$76Income before extraordinary items
  • $0Extraordinary gains - net
  • -$76Net income attributable to bank
  • $0Net charge-offs
  • -$76Cash dividends
  • $9Sale, conversion, retirement of capital stock, net
  • $208Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.12%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 1.44%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 1.98%Noninterest expense to earning assets
  • -0.23%Net operating income to assets
  • -0.23%Return on assets (ROA)
  • -0.23%Pretax return on assets
  • -1.19%Return on equity (ROE)
  • -4.46%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • -8.44%Efficiency ratio
  • 115,292Assets per employee
  • 4.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -273.68%Loss allowance to loans
  • 12.35%Loss allowance to noncurrent loans
  • 685.32%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 1.80%Net loans and leases to deposits
  • 18.71%Net loans and leases to core deposits
  • 19.32%Equity capital to assets
  • 18.00%Core capital (leverage) ratio
  • 18.65%Tier 1 risk-based capital ratio
  • 84.10%Total risk-based capital ratio
  • Memoranda
  • $85Average assets
  • $33,695Average earning assets
  • $6,367Average equity
  • $28,933Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06527The Northern State Bank Of Gonvick283 Main Street, Gonvick, MN 56644May 12, 1928Full Service Brick and Mortar

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