FDIC Certificate #: 8946 Status: Active Federal Reserve ID: 816751 Date Established: December 01, 1898 WWW:http://www.kindredstatebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 5713 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: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 411 Elm Street, Kindred, ND 58051 County: Cass 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 Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520) Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244) Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020) CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $22.5 mil Equity capital: $1.9 mil Deposits held in domestic offices: $20.6 mil Return on assets (ROA): 0.64% ($0.1 mil) Quarterly return on assets: 1.65% ($0.4 mil) Return on Equity (ROE): 8.55% ($0.2 mil) Quarterly return on equity: 20.53% ($0.4 mil) Net income: $0.1 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.69% ($155.1 mil) Quarterly Pretax return on assets: 1.74% ($391.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
6Total employees (full-time equivalent)
$22,481Total assets
$3,643Cash and due from depository institutions
$976Interest-bearing balances
$5,814Securities
$2,500Federal funds sold & reverse repurchase agreements
$9,767Net loans & leases
$138Loan loss allowance
$0Trading account assets
$391Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$22,481Life insurance assets
$366All other assets
$20,620Total liabilities and capital
$20,586Total liabilities
$15,679Total deposits
$20,586Interest-bearing deposits
$94Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$34Subordinated debt
$1,861All other liabilities
$1,861Total equity capital
$1,861Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$950Surplus
$811Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$416Income earned, not collected on loans
$174Earning assets
$195Long-term assets (5+ years)
$19,057Average Assets, year-to-date
$5,239Average Assets, quarterly
$22,653Volatile liabilities
$22,745Insider loans
$11,873FHLB advances
$24,533Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$1,847Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,376Restructured Loans and leases
$2Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$872Total interest income
$113Total interest expense
$759Net interest income
-$40Provision for loan and lease losses
$217Total noninterest income
$0Fiduciary activities
$58Service charges on deposit accounts
$0Trading account gains & fees
$159Additional noninterest income
$874Total noninterest expense
$518Salaries and employee benefits
$73Premises and equipment expense
$283Additional noninterest expense
$142Pre-tax net operating income
$15Securities gains (losses)
$12Applicable income taxes
$145Income before extraordinary items
$0Extraordinary gains - net
$145Net income attributable to bank
$0Net charge-offs
$145Cash dividends
-$60Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.43%Yield on earning assets
0.57%Cost of funding earning assets
3.85%Net interest margin
1.10%Noninterest income to earning assets
4.44%Noninterest expense to earning assets
0.58%Net operating income to assets
0.64%Return on assets (ROA)
0.69%Pretax return on assets
8.55%Return on equity (ROE)
8.55%Retained earnings to average equity (YTD only)
-0.67%Net charge-offs to loans
66.67%Credit loss provision to net charge-offs
0.00%Efficiency ratio
89,549Assets per employee
3.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
33.17%Noncurrent assets plus other real estate owned to assets
1.85%Noncurrent loans to loans
4.20%Net loans and leases to deposits
47.44%Net loans and leases to core deposits
48.03%Equity capital to assets
8.28%Core capital (leverage) ratio
7.53%Tier 1 risk-based capital ratio
15.56%Total risk-based capital ratio
Memoranda
$17Average assets
$22,653Average earning assets
$1,696Average equity
$19,694Average loans
List of branches
1 North Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5713
Kindred State Bank
411 Elm Street, Kindred, ND 58051
December 01, 1898
Full Service Brick and Mortar
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