First State Bank of Murdock

Headquarters

520 Main Avenue
Murdock, MN 56271
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First State Bank of Murdock is an FDIC insured institution located in Murdock, MN. It was founded in 1892 and has approximately $0.01 billion in assets.

FDIC Insured Yes
FDIC Certificate # 9734
Date Established 1892
Assets $ 11.13 million
Loans $ 4.27 million
Deposits $ 10.12 million
Capital $ 1.00 million
 

For a more detailed analysis of First State Bank of Murdock's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 22, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 22, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First State Bank of Murdock

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

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License#: MC-3098
2.816% 2.750% 0.88 $2,132 $1,021 Learn More
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4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

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2.990 %
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3.500 %
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Note to First State Bank of Murdock
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Branches

First State Bank of Murdock branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


First State Bank of Murdock Locations


Financial Details

First State Bank of Murdock Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First State Bank of Murdock. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First State Bank of Murdock U.S. Bank Average
59.21% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, First State Bank of Murdock had $40,000 in non-current loans and $590,000 in owned real estate. To cover these potential losses it had $1,004,000 in equity and $60,000 in loans loss reserves. That gives it a Texas Ratio of 59.21%.

Return on Equity
First State Bank of Murdock U.S. Bank Average
0.4% 7.80%

First State Bank of Murdock has a Return on Equity of 0.4% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First State Bank of Murdock U.S. Bank Average
9.02% 12.68%

First State Bank of Murdock has a Capitalization of 9.02% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First State Bank of Murdock Balance Sheet Analysis

As of March 31, 2013, First State Bank of Murdock had assets of $11,129,000, loans of $4,265,000, and deposits of $10,119,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 4.27 million
Loan loss allowance $ 0.06 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.59 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 10.12 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 11.13 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in First State Bank of Murdock’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Commercial Real Estate.

Compared to other banks in Minnesota, First State Bank of Murdock has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 29.36
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.06
Small Business Loans 13.29
Construction and Development Loans 0.00
Commercial Real Estate 13.41
Commercial and Industrial Loans 8.56
Farm Loans 24.88

Frequently Asked Questions About First State Bank Of Murdock

Branches and Savings

Is First State Bank Of Murdock FDIC insured?

Yes. It is covered under FDIC Certificate #9734.

Why does First State Bank Of Murdock pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First State Bank Of Murdock CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First State Bank Of Murdock a commercial bank?

Yes

Where are First State Bank Of Murdock locations?

See branch locations nearby.

Is First State Bank Of Murdock open on Saturdays?

Is First State Bank Of Murdock open on Sundays?

What time does First State Bank Of Murdock open?

What time does First State Bank Of Murdock close?

Are First State Bank Of Murdock ATMs Open 24/7?

Do First State Bank Of Murdock ATMs accept cash deposits?

Can First State Bank Of Murdock customers use other ATMs?

Do First State Bank Of Murdock branches have notaries?

Will First State Bank Of Murdock notarize my document?

What address for First State Bank Of Murdock should I put for incoming ACH transfers?

Will the First State Bank Of Murdock branch print checks?

Do First State Bank Of Murdock checks expire?

Does First State Bank Of Murdock require US citizenship to open account?

Can First State Bank Of Murdock close my account?

Does First State Bank Of Murdock Report to credit bureaus?

Does First State Bank Of Murdock Use Equifax?

What is First State Bank Of Murdock's ACH Routing Number?

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Products

Does First State Bank Of Murdock offer mortgages?

Compare mortgage rates here.

Does First State Bank Of Murdock offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First State Bank Of Murdock offer personal loans?

Compare personal loan rates here.

Does First State Bank Of Murdock offer student loans?

Will First State Bank Of Murdock cash a check?

Will First State Bank Of Murdock redeem a savings bond?

Does First State Bank Of Murdock cash savings bonds?

Will First State Bank Of Murdock cash money orders?

Can First State Bank Of Murdock issue a money order?

Does First State Bank Of Murdock do currency exchange?

Background on The Bank

Who owns First State Bank Of Murdock?

How long has First State Bank Of Murdock been around?

Can First State Bank Of Murdock transfer to other banks?

Does First State Bank Of Murdock have quick pay?

Does First State Bank Of Murdock accept rolled coins?

Will First State Bank Of Murdock accept loose change?

Where is First State Bank Of Murdock headquarters?

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