Peoples State Bank of Velva in Velva, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Peoples State Bank of Velva in Velva, North Dakota (ND)
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Peoples State Bank of Velva routing number info

Peoples State Bank of Velva - Overview

  • General
  • FDIC Certificate #: 10250
    Status: Active
    Federal Reserve ID: 713252
    Date Established: January 01, 1915
    WWW: http://www.psbvelva.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 6571
    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: 101 N. Main, Velva, ND 58790
    County: Mchenry
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Minot, ND (#33500)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $68.7 mil
    Equity capital: $5.9 mil
    Deposits held in domestic offices: $60.4 mil
    Return on assets (ROA): 0.42% ($0.3 mil)
    Quarterly return on assets: 0.21% ($0.1 mil)
    Return on Equity (ROE): 4.57% ($0.3 mil)
    Quarterly return on equity: 2.37% ($0.1 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.45% ($309.1 mil)
    Quarterly Pretax return on assets: 0.29% ($199.2 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
  • 16Total employees (full-time equivalent)
  • $68,691Total assets
  • $8,754Cash and due from depository institutions
  • $1,714Interest-bearing balances
  • $12,948Securities
  • $3,000Federal funds sold & reverse repurchase agreements
  • $39,241Net loans & leases
  • $403Loan loss allowance
  • $0Trading account assets
  • $3,403Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $68,691Life insurance assets
  • $1,345All other assets
  • $62,796Total liabilities and capital
  • $60,435Total liabilities
  • $49,348Total deposits
  • $60,435Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,975Trading liabilities
  • $0Other borrowed funds
  • $386Subordinated debt
  • $5,895All other liabilities
  • $5,895Total equity capital
  • $5,895Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $1,900Surplus
  • $3,695Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $587Long-term assets (5+ years)
  • $56,903Average Assets, year-to-date
  • $14,923Average Assets, quarterly
  • $61,604Volatile liabilities
  • $65,637Insider loans
  • $47,153FHLB advances
  • $65,722Loans and leases held for sale
  • $458Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,312Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $458Total unused commitments
  • $6,842Restructured Loans and leases
  • $42Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,615Total interest income
  • $724Total interest expense
  • $1,891Net interest income
  • $45Provision for loan and lease losses
  • $133Total noninterest income
  • $0Fiduciary activities
  • $39Service charges on deposit accounts
  • $0Trading account gains & fees
  • $94Additional noninterest income
  • $1,841Total noninterest expense
  • $1,019Salaries and employee benefits
  • $442Premises and equipment expense
  • $380Additional noninterest expense
  • $138Pre-tax net operating income
  • $141Securities gains (losses)
  • $21Applicable income taxes
  • $258Income before extraordinary items
  • $0Extraordinary gains - net
  • $258Net income attributable to bank
  • $0Net charge-offs
  • $258Cash dividends
  • $4Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.99%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 3.61%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • 0.21%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.45%Pretax return on assets
  • 4.57%Return on equity (ROE)
  • 4.57%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1125.00%Credit loss provision to net charge-offs
  • 45.75%Efficiency ratio
  • 90,958Assets per employee
  • 4.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 64.93%Net loans and leases to core deposits
  • 65.58%Equity capital to assets
  • 8.58%Core capital (leverage) ratio
  • 8.08%Tier 1 risk-based capital ratio
  • 11.27%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $61,604Average earning assets
  • $5,642Average equity
  • $52,408Average loans

List of branches

  • 2 North Dakota Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    06571Peoples State Bank Of Velva101 N. Main, Velva, ND 58790January 01, 1915Full Service Brick and Mortar
    1499529Peoples State Bank - Minot37th Street, Minot, ND 58701November 24, 2009Full Service Brick and Mortar

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