Dakota Heritage Bank in Gackle, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 20, 2009

Dakota Heritage Bank in Gackle, North Dakota (ND)
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Dakota Heritage Bank - Overview

General
FDIC Certificate #: 9419
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Dakota Heritage Bank of North Dakota (#16231)
Federal Reserve ID: 845751
Date Established: September 01, 1905
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 6050
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 20, 2009
Last Structure Change Process Date: April 07, 2009
Last Data Update: April 07, 2009
Data Source Date: April 05, 2012
Location
Address: Main Street, Gackle, ND 58442
County: Logan
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $42.5 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, 2008)

Dollar figures in thousands
12Total employees (full-time equivalent)
$42,487Total assets
$1,264Cash and due from depository institutions
$99Interest-bearing balances
$7,431Securities
$0Federal funds sold & reverse repurchase agreements
$31,214Net loans & leases
$408Loan loss allowance
$0Trading account assets
$217Bank premises and fixed assets
$0Other real estate owned
$1,316Goodwill and other intangibles
$0Life insurance assets
$1,045All other assets
$42,487Total liabilities and capital
$37,690Total liabilities
$32,696Total deposits
$27,801Interest-bearing deposits
$32,696Deposits held in domestic offices
0.00%% insured (estimated)
$4,809Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$185All other liabilities
$4,797Total equity capital
$4,797Total bank equity capital
$4,797Perpetual preferred stock
$0Common stock
$50Surplus
$4,147Undivided profits
Memoranda
$600Noncurrent loans and leases
$6,996Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$270Earning assets
$0Long-term assets (5+ years)
$965Average Assets, year-to-date
$38,744Average Assets, quarterly
$4,922Volatile liabilities
$40,016Insider loans
$41,382FHLB advances
$8,814Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,996Total unused commitments
$0Restructured Loans and leases
$408Derivatives

Income and Expense (December 31, 2008)

Dollar figures in thousands
$2,332Total interest income
$882Total interest expense
$1,450Net interest income
$17Provision for loan and lease losses
$319Total noninterest income
$0Fiduciary activities
$84Service charges on deposit accounts
$0Trading account gains & fees
$235Additional noninterest income
$1,070Total noninterest expense
$639Salaries and employee benefits
$66Premises and equipment expense
$365Additional noninterest expense
$682Pre-tax net operating income
$0Securities gains (losses)
$213Applicable income taxes
$469Income before extraordinary items
$0Extraordinary gains - net
$469Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$31Sale, conversion, retirement of capital stock, net
$475Net operating income

Performance and Condition Ratios (December 31, 2008)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.43%Yield on earning assets
2.43%Cost of funding earning assets
4.00%Net interest margin
0.88%Noninterest income to earning assets
2.95%Noninterest expense to earning assets
1.17%Net operating income to assets
1.17%Return on assets (ROA)
1.70%Pretax return on assets
9.86%Return on equity (ROE)
-0.13%Retained earnings to average equity (YTD only)
-0.11%Net charge-offs to loans
-54.84%Credit loss provision to net charge-offs
0.00%Efficiency ratio
59,864Assets per employee
3.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
101.28%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
151.11%Noncurrent assets plus other real estate owned to assets
0.64%Noncurrent loans to loans
0.85%Net loans and leases to deposits
95.47%Net loans and leases to core deposits
108.79%Equity capital to assets
11.29%Core capital (leverage) ratio
8.33%Tier 1 risk-based capital ratio
9.75%Total risk-based capital ratio
Memoranda
$11Average assets
$40,016Average earning assets
$4,755Average equity
$36,281Average loans

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