FDIC Certificate #: 23836 Status: Active Federal Reserve ID: 234056 Bank Holding Company (Regulatory Top Holder): Lakeside Bank Holding Company (RSSDID: 1124462, Location: New Town, ND) Date Established: May 08, 1982 WWW:http://www.mckenziecountybank.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 #: 16660 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: May 08, 1982 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: Fifth Street And U.S. Highway 85, Watford City, ND 58854 County: Mckenzie 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $103.0 mil Equity capital: $7.3 mil Deposits held in domestic offices: $94.0 mil Return on assets (ROA): 1.74% ($1.8 mil) Quarterly return on assets: 1.91% ($2.0 mil) Return on Equity (ROE): 24.37% ($1.7 mil) Quarterly return on equity: 26.59% ($1.9 mil) Net income: $1.6 mil Quarterly Net income: $0.5 mil Pretax return on assets: 1.86% ($1,915.0 mil) Quarterly Pretax return on assets: 2.00% ($2,059.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$102,959Total assets
$6,416Cash and due from depository institutions
$5,011Interest-bearing balances
$30,743Securities
$9,000Federal funds sold & reverse repurchase agreements
$53,336Net loans & leases
$612Loan loss allowance
$0Trading account assets
$1,324Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$102,959Life insurance assets
$2,140All other assets
$95,686Total liabilities and capital
$93,964Total liabilities
$60,250Total deposits
$93,964Interest-bearing deposits
$84Deposits held in domestic offices
1000.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$722Subordinated debt
$7,273All other liabilities
$7,273Total equity capital
$7,273Total bank equity capital
$0Perpetual preferred stock
$553Common stock
$1,461Surplus
$5,259Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$312Income earned, not collected on loans
$0Earning assets
$595Long-term assets (5+ years)
$98,090Average Assets, year-to-date
$27,511Average Assets, quarterly
$93,193Volatile liabilities
$99,232Insider loans
$58,798FHLB advances
$98,668Loans and leases held for sale
$1,254Unused loan commitments
$690Tier 1 (core) risk-based capital
$7,075Tier 2 risk-based capital
$0Total risk weighted assets
$564Total unused commitments
$7,138Restructured Loans and leases
$85Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,908Total interest income
$520Total interest expense
$3,388Net interest income
$96Provision for loan and lease losses
$248Total noninterest income
$0Fiduciary activities
$71Service charges on deposit accounts
$0Trading account gains & fees
$177Additional noninterest income
$1,808Total noninterest expense
$1,025Salaries and employee benefits
$169Premises and equipment expense
$614Additional noninterest expense
$1,732Pre-tax net operating income
$0Securities gains (losses)
$110Applicable income taxes
$1,622Income before extraordinary items
$0Extraordinary gains - net
$1,622Net income attributable to bank
$0Net charge-offs
$1,622Cash dividends
$27Sale, conversion, retirement of capital stock, net
$448Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.50%Yield on earning assets
0.60%Cost of funding earning assets
3.90%Net interest margin
0.29%Noninterest income to earning assets
2.08%Noninterest expense to earning assets
1.74%Net operating income to assets
1.74%Return on assets (ROA)
1.86%Pretax return on assets
24.37%Return on equity (ROE)
17.64%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
355.56%Credit loss provision to net charge-offs
67.70%Efficiency ratio
49,725Assets per employee
7.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
27.62%Loss allowance to loans
1.13%Loss allowance to noncurrent loans
196.15%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.58%Net loans and leases to deposits
56.76%Net loans and leases to core deposits
62.69%Equity capital to assets
7.06%Core capital (leverage) ratio
7.17%Tier 1 risk-based capital ratio
12.03%Total risk-based capital ratio
Memoranda
$13Average assets
$93,193Average earning assets
$6,656Average equity
$86,813Average loans
List of branches
1 North Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
16660
Mckenzie County Bank
Fifth Street And U.S. Highway 85, Watford City, ND 58854
May 08, 1982
Full Service Brick and Mortar
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