First State Bank Langdon in Langdon, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 02, 2001

First State Bank Langdon in Langdon, North Dakota (ND)
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First State Bank Langdon - Overview

General
FDIC Certificate #: 16163
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Choice Financial Group (#9423)
Federal Reserve ID: 864556
Date Established: March 28, 1905
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 13143
FDIC's unique #: 10373
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: June 28, 1944
Last Structure Change Effective Date: November 02, 2001
Last Structure Change Process Date: November 15, 2001
Last Data Update: November 15, 2001
Data Source Date: April 05, 2012
Location
Address: 210 Eighth Avenue, Langdon, ND 58249
County: Cavalier
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: $69.1 mil

1992 - 1999 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, 2000)

Dollar figures in thousands
24Total employees (full-time equivalent)
$71,135Total assets
$4,907Cash and due from depository institutions
$297Interest-bearing balances
$20,834Securities
$0Federal funds sold & reverse repurchase agreements
$43,457Net loans & leases
$913Loan loss allowance
$0Trading account assets
$458Bank premises and fixed assets
$49Other real estate owned
$22Goodwill and other intangibles
$0Life insurance assets
$1,408All other assets
$71,135Total liabilities and capital
$65,017Total liabilities
$56,974Total deposits
$47,005Interest-bearing deposits
$56,974Deposits held in domestic offices
0.00%% insured (estimated)
$1,100Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,234Other borrowed funds
$0Subordinated debt
$709All other liabilities
$6,118Total equity capital
$6,118Total bank equity capital
$6,118Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,799Undivided profits
Memoranda
$3,319Noncurrent loans and leases
$6,966Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,861Earning assets
$0Long-term assets (5+ years)
$1,083Average Assets, year-to-date
$64,588Average Assets, quarterly
$14,724Volatile liabilities
$67,981Insider loans
$69,651FHLB advances
$13,323Loans and leases held for sale
$864Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,966Total unused commitments
$0Restructured Loans and leases
$658Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$5,107Total interest income
$2,670Total interest expense
$2,437Net interest income
$260Provision for loan and lease losses
$123Total noninterest income
$0Fiduciary activities
$51Service charges on deposit accounts
$0Trading account gains & fees
$72Additional noninterest income
$1,599Total noninterest expense
$943Salaries and employee benefits
$194Premises and equipment expense
$462Additional noninterest expense
$701Pre-tax net operating income
-$5Securities gains (losses)
$49Applicable income taxes
$647Income before extraordinary items
$0Extraordinary gains - net
$647Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$138Sale, conversion, retirement of capital stock, net
$630Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.10%Yield on earning assets
4.23%Cost of funding earning assets
3.86%Net interest margin
0.20%Noninterest income to earning assets
2.54%Noninterest expense to earning assets
0.96%Net operating income to assets
0.95%Return on assets (ROA)
1.02%Pretax return on assets
11.20%Return on equity (ROE)
0.29%Retained earnings to average equity (YTD only)
0.33%Net charge-offs to loans
188.41%Credit loss provision to net charge-offs
6.96%Efficiency ratio
62,227Assets per employee
2.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
97.37%Loss allowance to loans
2.06%Loss allowance to noncurrent loans
49.06%Noncurrent assets plus other real estate owned to assets
2.69%Noncurrent loans to loans
4.19%Net loans and leases to deposits
76.28%Net loans and leases to core deposits
88.17%Equity capital to assets
8.60%Core capital (leverage) ratio
8.95%Tier 1 risk-based capital ratio
11.58%Total risk-based capital ratio
Memoranda
$13Average assets
$67,981Average earning assets
$5,776Average equity
$63,073Average loans

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