FDIC Certificate #: 2054 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Heartland State Bank (#3919) Federal Reserve ID: 1001750 Date Established: January 01, 1907 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 1358 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: June 23, 2001 Last Structure Change Process Date: July 10, 2001 Last Data Update: July 10, 2001 Data Source Date: April 05, 2012
Location
Address: Main Street, Kulm, ND 58456 County: Lamoure 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: $13.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$13,038Total assets
$1,123Cash and due from depository institutions
$693Interest-bearing balances
$6,167Securities
$900Federal funds sold & reverse repurchase agreements
$4,544Net loans & leases
$139Loan loss allowance
$0Trading account assets
$60Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$244All other assets
$13,038Total liabilities and capital
$11,623Total liabilities
$11,523Total deposits
$9,185Interest-bearing deposits
$11,523Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$100All other liabilities
$1,415Total equity capital
$1,415Total bank equity capital
$1,415Perpetual preferred stock
$0Common stock
$50Surplus
$850Undivided profits
Memoranda
$515Noncurrent loans and leases
$203Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$188Earning assets
$0Long-term assets (5+ years)
$140Average Assets, year-to-date
$12,304Average Assets, quarterly
$1,729Volatile liabilities
$13,051Insider loans
$12,939FHLB advances
$500Loans and leases held for sale
$79Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$203Total unused commitments
$0Restructured Loans and leases
$85Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$879Total interest income
$339Total interest expense
$540Net interest income
-$10Provision for loan and lease losses
$22Total noninterest income
$0Fiduciary activities
$18Service charges on deposit accounts
$0Trading account gains & fees
$4Additional noninterest income
$460Total noninterest expense
$328Salaries and employee benefits
$47Premises and equipment expense
$85Additional noninterest expense
$112Pre-tax net operating income
$0Securities gains (losses)
$18Applicable income taxes
$94Income before extraordinary items
$0Extraordinary gains - net
$94Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$6Sale, conversion, retirement of capital stock, net
$100Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.20%Yield on earning assets
2.78%Cost of funding earning assets
4.42%Net interest margin
0.18%Noninterest income to earning assets
3.77%Noninterest expense to earning assets
0.72%Net operating income to assets
0.72%Return on assets (ROA)
0.86%Pretax return on assets
6.64%Return on equity (ROE)
-0.42%Retained earnings to average equity (YTD only)
-0.13%Net charge-offs to loans
166.67%Credit loss provision to net charge-offs
0.00%Efficiency ratio
81,851Assets per employee
1.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
106.38%Loss allowance to loans
2.97%Loss allowance to noncurrent loans
73.94%Noncurrent assets plus other real estate owned to assets
1.44%Noncurrent loans to loans
4.01%Net loans and leases to deposits
39.43%Net loans and leases to core deposits
41.22%Equity capital to assets
10.85%Core capital (leverage) ratio
10.67%Tier 1 risk-based capital ratio
21.16%Total risk-based capital ratio
Memoranda
$22Average assets
$13,051Average earning assets
$1,415Average equity
$12,205Average loans
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