FDIC Certificate #: 9129 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Dakota Heritage Bank of North Dakota (#16231) Federal Reserve ID: 755056 Date Established: January 01, 1911 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 5844 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: January 01, 1934 Last Structure Change Effective Date: July 01, 2005 Last Structure Change Process Date: July 20, 2005 Last Data Update: July 20, 2005 Data Source Date: April 05, 2012
Location
Address: Main Street, Hope, ND 58046 County: Steele 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: $17.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
5Total employees (full-time equivalent)
$18,171Total assets
$1,948Cash and due from depository institutions
$1,278Interest-bearing balances
$5,418Securities
$500Federal funds sold & reverse repurchase agreements
$9,784Net loans & leases
$213Loan loss allowance
$0Trading account assets
$136Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$385All other assets
$18,171Total liabilities and capital
$16,645Total liabilities
$16,539Total deposits
$13,341Interest-bearing deposits
$16,539Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$106All other liabilities
$1,526Total equity capital
$1,526Total bank equity capital
$1,526Perpetual preferred stock
$0Common stock
$75Surplus
$835Undivided profits
Memoranda
$616Noncurrent loans and leases
$995Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$23Earning assets
$0Long-term assets (5+ years)
$351Average Assets, year-to-date
$16,980Average Assets, quarterly
$1,872Volatile liabilities
$18,466Insider loans
$18,963FHLB advances
$1,720Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$995Total unused commitments
$0Restructured Loans and leases
$140Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$977Total interest income
$307Total interest expense
$670Net interest income
$0Provision for loan and lease losses
$74Total noninterest income
$0Fiduciary activities
$65Service charges on deposit accounts
$0Trading account gains & fees
$9Additional noninterest income
$396Total noninterest expense
$255Salaries and employee benefits
$36Premises and equipment expense
$105Additional noninterest expense
$348Pre-tax net operating income
$0Securities gains (losses)
$98Applicable income taxes
$250Income before extraordinary items
$0Extraordinary gains - net
$250Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$175Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.62%Yield on earning assets
1.77%Cost of funding earning assets
3.86%Net interest margin
0.43%Noninterest income to earning assets
2.28%Noninterest expense to earning assets
1.35%Net operating income to assets
1.35%Return on assets (ROA)
1.88%Pretax return on assets
17.61%Return on equity (ROE)
5.28%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
53,226Assets per employee
3.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.00%Loss allowance to loans
2.13%Loss allowance to noncurrent loans
926.09%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.23%Net loans and leases to deposits
59.16%Net loans and leases to core deposits
66.02%Equity capital to assets
8.40%Core capital (leverage) ratio
7.87%Tier 1 risk-based capital ratio
13.50%Total risk-based capital ratio
Memoranda
$15Average assets
$18,466Average earning assets
$1,420Average equity
$17,379Average loans
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