FDIC Certificate #: 19350 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Quality Bank (#9425) Federal Reserve ID: 881254 Date Established: January 18, 1965 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 13160 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 18, 1965 Last Structure Change Effective Date: October 23, 2003 Last Structure Change Process Date: December 01, 2003 Last Data Update: December 01, 2003 Data Source Date: April 05, 2012
Location
Address: Main Street, Page, ND 58064 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)
Financial Summary
Total assets: $7.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
3Total employees (full-time equivalent)
$7,945Total assets
$804Cash and due from depository institutions
$0Interest-bearing balances
$1,869Securities
$400Federal funds sold & reverse repurchase agreements
$4,531Net loans & leases
$63Loan loss allowance
$0Trading account assets
$195Bank premises and fixed assets
$28Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$118All other assets
$7,945Total liabilities and capital
$7,313Total liabilities
$7,272Total deposits
$6,246Interest-bearing deposits
$7,272Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$41All other liabilities
$632Total equity capital
$632Total bank equity capital
$632Perpetual preferred stock
$0Common stock
$75Surplus
$475Undivided profits
Memoranda
$82Noncurrent loans and leases
$545Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$121Earning assets
$0Long-term assets (5+ years)
$96Average Assets, year-to-date
$6,800Average Assets, quarterly
$587Volatile liabilities
$7,489Insider loans
$7,579FHLB advances
$379Loans and leases held for sale
$177Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$545Total unused commitments
$0Restructured Loans and leases
$63Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$441Total interest income
$169Total interest expense
$272Net interest income
$0Provision for loan and lease losses
$24Total noninterest income
$0Fiduciary activities
$22Service charges on deposit accounts
$0Trading account gains & fees
$2Additional noninterest income
$258Total noninterest expense
$154Salaries and employee benefits
$42Premises and equipment expense
$62Additional noninterest expense
$38Pre-tax net operating income
$0Securities gains (losses)
$4Applicable income taxes
$34Income before extraordinary items
$0Extraordinary gains - net
$34Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$36Sale, conversion, retirement of capital stock, net
$20Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.74%Yield on earning assets
2.58%Cost of funding earning assets
4.16%Net interest margin
0.37%Noninterest income to earning assets
3.94%Noninterest expense to earning assets
0.45%Net operating income to assets
0.45%Return on assets (ROA)
0.51%Pretax return on assets
5.42%Return on equity (ROE)
2.23%Retained earnings to average equity (YTD only)
0.79%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
1.06%Efficiency ratio
87,162Assets per employee
2.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
58.82%Loss allowance to loans
1.37%Loss allowance to noncurrent loans
52.07%Noncurrent assets plus other real estate owned to assets
1.88%Noncurrent loans to loans
2.63%Net loans and leases to deposits
62.31%Net loans and leases to core deposits
65.73%Equity capital to assets
7.95%Core capital (leverage) ratio
8.26%Tier 1 risk-based capital ratio
11.56%Total risk-based capital ratio
Memoranda
$13Average assets
$7,489Average earning assets
$628Average equity
$6,543Average loans
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