FDIC Certificate #: 12751 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:North Country Bank, National Association (#3947) Federal Reserve ID: 894058 Date Established: January 01, 1903 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 8079 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: December 01, 2006 Last Structure Change Process Date: December 15, 2006 Last Data Update: December 15, 2006 Data Source Date: April 05, 2012
Location
Address: 308 Lincoln Avenue, Underwood, ND 58576 County: Mclean 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
Financial Summary
Total assets: $23.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
8Total employees (full-time equivalent)
$22,591Total assets
$1,204Cash and due from depository institutions
$792Interest-bearing balances
$9,577Securities
$0Federal funds sold & reverse repurchase agreements
$11,215Net loans & leases
$140Loan loss allowance
$0Trading account assets
$182Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$413All other assets
$22,591Total liabilities and capital
$20,388Total liabilities
$20,314Total deposits
$15,263Interest-bearing deposits
$20,314Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$74All other liabilities
$2,203Total equity capital
$2,203Total bank equity capital
$2,203Perpetual preferred stock
$0Common stock
$300Surplus
$700Undivided profits
Memoranda
$1,203Noncurrent loans and leases
$834Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$15Earning assets
$0Long-term assets (5+ years)
$370Average Assets, year-to-date
$21,584Average Assets, quarterly
$2,651Volatile liabilities
$24,071Insider loans
$23,541FHLB advances
$3,644Loans and leases held for sale
$109Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$834Total unused commitments
$0Restructured Loans and leases
$140Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$1,239Total interest income
$290Total interest expense
$949Net interest income
$30Provision for loan and lease losses
$90Total noninterest income
$0Fiduciary activities
$72Service charges on deposit accounts
$0Trading account gains & fees
$18Additional noninterest income
$801Total noninterest expense
$465Salaries and employee benefits
$113Premises and equipment expense
$223Additional noninterest expense
$208Pre-tax net operating income
$0Securities gains (losses)
$13Applicable income taxes
$195Income before extraordinary items
$0Extraordinary gains - net
$195Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$30Sale, conversion, retirement of capital stock, net
$4Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.47%Yield on earning assets
1.28%Cost of funding earning assets
4.19%Net interest margin
0.40%Noninterest income to earning assets
3.54%Noninterest expense to earning assets
0.81%Net operating income to assets
0.81%Return on assets (ROA)
0.86%Pretax return on assets
8.89%Return on equity (ROE)
8.70%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
7.93%Efficiency ratio
77,093Assets per employee
2.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
2.05%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
933.33%Noncurrent assets plus other real estate owned to assets
0.07%Noncurrent loans to loans
0.13%Net loans and leases to deposits
55.21%Net loans and leases to core deposits
67.28%Equity capital to assets
9.75%Core capital (leverage) ratio
9.32%Tier 1 risk-based capital ratio
19.77%Total risk-based capital ratio
Memoranda
$21Average assets
$24,071Average earning assets
$2,194Average equity
$22,643Average loans
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