First Security Bank - West in city_name, state_name - Detailed Financial Reports, Location

First Security Bank - West in Beulah, North Dakota (ND)
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First Security Bank - West routing number info

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First Security Bank - West - Overview

General
FDIC Certificate #: 10253
Status: Active
Federal Reserve ID: 969059
Bank Holding Company (Regulatory Top Holder): Beulah Bancorporation, Inc. (RSSDID: 1919976, Location: Sioux Falls, SD)
Date Established: January 01, 1915
WWW: http://www.firstsecuritybanks.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 1, Interstate: No)
OTS Docket #: 12319
FDIC's unique #: 6573
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: May 05, 2008
Last Structure Change Process Date: May 05, 2008
Last Data Update: May 05, 2008
Data Source Date: April 05, 2012
Location
Address: 100 East Main Street, Beulah, ND 58523
County: Mercer
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: $62.1 mil
Equity capital: $9.0 mil
Deposits held in domestic offices: $49.9 mil
Return on assets (ROA): 2.56% ($1.6 mil)
Quarterly return on assets: 6.55% ($4.1 mil)
Return on Equity (ROE): 21.56% ($1.9 mil)
Quarterly return on equity: 49.63% ($4.5 mil)
Net income: $2.0 mil
Quarterly Net income: $1.2 mil
Pretax return on assets: 2.72% ($1,689.0 mil)
Quarterly Pretax return on assets: 6.96% ($4,321.9 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
9Total employees (full-time equivalent)
$62,096Total assets
$19,658Cash and due from depository institutions
$16,049Interest-bearing balances
$21,069Securities
$0Federal funds sold & reverse repurchase agreements
$19,341Net loans & leases
$828Loan loss allowance
$0Trading account assets
$496Bank premises and fixed assets
$565Other real estate owned
$0Goodwill and other intangibles
$62,096Life insurance assets
$967All other assets
$53,085Total liabilities and capital
$49,892Total liabilities
$37,176Total deposits
$49,892Interest-bearing deposits
$87Deposits held in domestic offices
3000.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$193Subordinated debt
$9,011All other liabilities
$9,011Total equity capital
$9,011Total bank equity capital
$0Perpetual preferred stock
$600Common stock
$4,090Surplus
$4,321Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$359Long-term assets (5+ years)
$56,459Average Assets, year-to-date
$13,027Average Assets, quarterly
$78,956Volatile liabilities
$72,147Insider loans
$32,912FHLB advances
$64,248Loans and leases held for sale
$466Unused loan commitments
$200Tier 1 (core) risk-based capital
$8,328Tier 2 risk-based capital
$66Total risk weighted assets
$200Total unused commitments
$3,207Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,105Total interest income
$247Total interest expense
$2,858Net interest income
$0Provision for loan and lease losses
$1,351Total noninterest income
$0Fiduciary activities
$109Service charges on deposit accounts
$0Trading account gains & fees
$1,242Additional noninterest income
$1,882Total noninterest expense
$813Salaries and employee benefits
$194Premises and equipment expense
$875Additional noninterest expense
$2,327Pre-tax net operating income
-$181Securities gains (losses)
$121Applicable income taxes
$2,025Income before extraordinary items
$0Extraordinary gains - net
$2,025Net income attributable to bank
$0Net charge-offs
$2,025Cash dividends
-$49Sale, conversion, retirement of capital stock, net
$2,350Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.22%Yield on earning assets
0.34%Cost of funding earning assets
3.88%Net interest margin
1.84%Noninterest income to earning assets
2.56%Noninterest expense to earning assets
2.78%Net operating income to assets
2.56%Return on assets (ROA)
2.72%Pretax return on assets
21.56%Return on equity (ROE)
-3.46%Retained earnings to average equity (YTD only)
-0.17%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
44,714Assets per employee
6.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
116.05%Loss allowance to loans
4.11%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.91%Noncurrent loans to loans
0.00%Net loans and leases to deposits
38.77%Net loans and leases to core deposits
38.77%Equity capital to assets
14.51%Core capital (leverage) ratio
12.96%Tier 1 risk-based capital ratio
25.30%Total risk-based capital ratio
Memoranda
$27Average assets
$78,956Average earning assets
$9,393Average equity
$73,604Average loans

List of branches

2 North Dakota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	6573	First Security Bank - West	100 East Main Street, Beulah, ND 58523	January 01, 1915	Full Service Brick and Mortar
1	5716	Robinson Branch	101 South Main, Robinson, ND 58478	May 16, 1922	Full Service Brick and Mortar

First Security Bank - West in Beulah, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Bank - West - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Security Bank - West in Beulah, North Dakota (ND)Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Bank - West - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Security Bank - West in Beulah, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches