Northern State Bank of Thief River Falls

Headquarters

201 East Third Street
Thief River Falls, MN 56701
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 1.00% 0.95% →
2-Year CD 0.80% 1.05% →
5-Year CD 0.80% 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

Northern State Bank of Thief River Falls is an FDIC insured institution located in Thief River Falls, MN. It was founded in 1935 and has approximately $0.34 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 15286
Date Established 1935
Assets $ 340.34 million
Loans $ 142.32 million
Deposits $ 302.37 million
Capital $ 36.49 million
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.65% $100,000 $199,999 Learn More
Special: 12 Mo CD
1.00% $5,000 - Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
Special: 24 Mo CD
0.80% $5,000 - Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.55% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.55% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
0.60% $10,000 $14,999 Learn More
60 Mo CD
0.80% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 12 Mo FIRA
1.00% $5,000 - Learn MoreShow Less
Special: 24 Mo FIRA
0.80% $5,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $99 Learn MoreShow Less
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Northern State Bank of Thief River Falls

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.816% 2.750% 0.88 $2,132 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Northern State Bank of Thief River Falls
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Northern State Bank of Thief River Falls 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:
Fairfield,Connecticut


Northern State Bank of Thief River Falls Locations


Financial Details

Northern State Bank of Thief River Falls Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northern State Bank of Thief River Falls. 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
Northern State Bank of Thief River Falls U.S. Bank Average
2% 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, Northern State Bank of Thief River Falls had $776,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $36,486,000 in equity and $2,405,000 in loans loss reserves. That gives it a Texas Ratio of 2%.

Return on Equity
Northern State Bank of Thief River Falls U.S. Bank Average
9.68% 7.80%

Northern State Bank of Thief River Falls has a Return on Equity of 9.68% 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
Northern State Bank of Thief River Falls U.S. Bank Average
10.72% 12.68%

Northern State Bank of Thief River Falls has a Capitalization of 10.72% 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.

Northern State Bank of Thief River Falls Balance Sheet Analysis

As of March 31, 2020, Northern State Bank of Thief River Falls had assets of $340,344,000, loans of $142,322,000, and deposits of $302,366,000. 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 $ 80.89 million
Interest-bearing balances $ 70.74 million
Total securities $ 109.27 million
Federal funds sold and reverse repurchase $ 4.20 million
Net loans and leases $ 142.32 million
Loan loss allowance $ 2.41 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 2.66 million
     Total Assets $ 303.86 million
LIABILITIES
Total deposits $ 302.37 million
      Interest-bearing deposits $ 263.04 million
      Deposits held in domestic offices $ 302.37 million
      % insured (estimated) 67.12%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.20 million
Subordinated debt N.A.
All other liabilities $ 1.29 million
      Total Liabilities $ 303.86 million
      Shareholders’ Equity $ 36.49 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.60 million
Total Interest Expense $ 0.55 million
Net interest income $ 2.05 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.24 million
Total non interest expense $ 1.41 million
Pre-tax Net Operating Income $ 0.88 million

Bank Loan Profile?

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

Compared to other banks, Northern State Bank of Thief River Falls’s loan portfolio does not show any specific loan specialty.

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 26.25
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.82
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 18.52
Commercial and Industrial Loans 9.21
Farm Loans 14.87

Frequently Asked Questions About Northern State Bank Of Thief River Falls

Branches and Savings

Is Northern State Bank Of Thief River Falls FDIC insured?

Yes. It is covered under FDIC Certificate #15286.

Why does Northern State Bank Of Thief River Falls pay such low interest on savings accounts?

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

Why are Northern State Bank Of Thief River Falls CD rates not competitive?

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

Is Northern State Bank Of Thief River Falls a commercial bank?

Yes

Where are Northern State Bank Of Thief River Falls locations?

See branch locations nearby.

Is Northern State Bank Of Thief River Falls open on Saturdays?

Is Northern State Bank Of Thief River Falls open on Sundays?

What time does Northern State Bank Of Thief River Falls open?

What time does Northern State Bank Of Thief River Falls close?

Are Northern State Bank Of Thief River Falls ATMs Open 24/7?

Do Northern State Bank Of Thief River Falls ATMs accept cash deposits?

Can Northern State Bank Of Thief River Falls customers use other ATMs?

Do Northern State Bank Of Thief River Falls branches have notaries?

Will Northern State Bank Of Thief River Falls notarize my document?

What address for Northern State Bank Of Thief River Falls should I put for incoming ACH transfers?

Will the Northern State Bank Of Thief River Falls branch print checks?

Do Northern State Bank Of Thief River Falls checks expire?

Does Northern State Bank Of Thief River Falls require US citizenship to open account?

Can Northern State Bank Of Thief River Falls close my account?

Does Northern State Bank Of Thief River Falls Report to credit bureaus?

Does Northern State Bank Of Thief River Falls Use Equifax?

What is Northern State Bank Of Thief River Falls's ACH Routing Number?

What is Northern State Bank Of Thief River Falls's SWIFT code?

Products

Does Northern State Bank Of Thief River Falls offer mortgages?

Compare mortgage rates here.

Does Northern State Bank Of Thief River Falls offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Northern State Bank Of Thief River Falls offer personal loans?

Compare personal loan rates here.

Does Northern State Bank Of Thief River Falls offer student loans?

Will Northern State Bank Of Thief River Falls cash a check?

Will Northern State Bank Of Thief River Falls redeem a savings bond?

Does Northern State Bank Of Thief River Falls cash savings bonds?

Will Northern State Bank Of Thief River Falls cash money orders?

Can Northern State Bank Of Thief River Falls issue a money order?

Does Northern State Bank Of Thief River Falls do currency exchange?

Background on The Bank

Who owns Northern State Bank Of Thief River Falls?

How long has Northern State Bank Of Thief River Falls been around?

Can Northern State Bank Of Thief River Falls transfer to other banks?

Does Northern State Bank Of Thief River Falls have quick pay?

Does Northern State Bank Of Thief River Falls accept rolled coins?

Will Northern State Bank Of Thief River Falls accept loose change?

Where is Northern State Bank Of Thief River Falls headquarters?

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