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

This bank is inactive as of October 24, 1998

Litchville State Bank in Litchville, North Dakota (ND)
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Litchville State Bank - Overview

General
FDIC Certificate #: 13204
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank North Dakota, National Association (#3922)
Federal Reserve ID: 682152
Date Established: August 19, 1930
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 8354
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: October 24, 1998
Last Structure Change Process Date: December 07, 1998
Last Data Update: December 07, 1998
Data Source Date: April 05, 2012
Location
Address: Main Street, Litchville, ND 58461
County: Barnes
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: $12.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
4Total employees (full-time equivalent)
$14,653Total assets
$319Cash and due from depository institutions
$198Interest-bearing balances
$4,494Securities
$525Federal funds sold & reverse repurchase agreements
$8,906Net loans & leases
$72Loan loss allowance
$0Trading account assets
$83Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$326All other assets
$14,653Total liabilities and capital
$13,268Total liabilities
$11,897Total deposits
$11,049Interest-bearing deposits
$11,897Deposits held in domestic offices
0.00%% insured (estimated)
$1,125Federal funds purchased & repurchase agreements
$0Trading liabilities
$29Other borrowed funds
$0Subordinated debt
$217All other liabilities
$1,385Total equity capital
$1,385Total bank equity capital
$1,385Perpetual preferred stock
$0Common stock
$75Surplus
$920Undivided profits
Memoranda
$390Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$11Earning assets
$0Long-term assets (5+ years)
$197Average Assets, year-to-date
$14,123Average Assets, quarterly
$1,311Volatile liabilities
$14,971Insider loans
$14,584FHLB advances
$1,366Loans and leases held for sale
$240Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,892Total unused commitments
$0Restructured Loans and leases
$10,713Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$1,193Total interest income
$585Total interest expense
$608Net interest income
$2Provision for loan and lease losses
$83Total noninterest income
$0Fiduciary activities
$24Service charges on deposit accounts
$0Trading account gains & fees
$59Additional noninterest income
$384Total noninterest expense
$173Salaries and employee benefits
$31Premises and equipment expense
$180Additional noninterest expense
$305Pre-tax net operating income
$0Securities gains (losses)
$102Applicable income taxes
$203Income before extraordinary items
$0Extraordinary gains - net
$203Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.31%Yield on earning assets
4.08%Cost of funding earning assets
4.24%Net interest margin
0.58%Noninterest income to earning assets
2.68%Noninterest expense to earning assets
1.36%Net operating income to assets
1.36%Return on assets (ROA)
2.04%Pretax return on assets
16.01%Return on equity (ROE)
16.01%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
55,572Assets per employee
3.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.80%Loss allowance to noncurrent loans
654.55%Noncurrent assets plus other real estate owned to assets
0.08%Noncurrent loans to loans
0.12%Net loans and leases to deposits
74.86%Net loans and leases to core deposits
76.22%Equity capital to assets
9.45%Core capital (leverage) ratio
9.77%Tier 1 risk-based capital ratio
12.79%Total risk-based capital ratio
Memoranda
$13Average assets
$14,971Average earning assets
$1,268Average equity
$14,352Average loans

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