FDIC Certificate #: 9425 Status: Active Federal Reserve ID: 745954 Bank Holding Company (Regulatory Top Holder): Quality Bankshares, Inc. (RSSDID: 2939690, Location: Page, ND) Date Established: January 01, 1898 WWW:http://www.qualitybanknd.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 #: 6056 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: Febuary 02, 2012 Last Structure Change Process Date: Febuary 02, 2012 Last Data Update: Febuary 02, 2012 Data Source Date: April 05, 2012
Location
Address: 410 3rd Street, Fingal, ND 58031 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
History of Changes
Change in Location
Financial Summary
Total assets: $25.4 mil Equity capital: $2.1 mil Deposits held in domestic offices: $23.2 mil Return on assets (ROA): -0.59% (-$0.1 mil) Quarterly return on assets: -0.81% (-$0.2 mil) Return on Equity (ROE): -6.89% (-$0.1 mil) Quarterly return on equity: -9.54% (-$0.2 mil) Net income: -$0.2 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -0.59% (-$149.8 mil) Quarterly Pretax return on assets: -0.87% (-$220.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
5Total employees (full-time equivalent)
$25,391Total assets
$698Cash and due from depository institutions
$0Interest-bearing balances
$6,257Securities
$4,450Federal funds sold & reverse repurchase agreements
$13,076Net loans & leases
$831Loan loss allowance
$0Trading account assets
$310Bank premises and fixed assets
$34Other real estate owned
$23Goodwill and other intangibles
$25,391Life insurance assets
$543All other assets
$23,280Total liabilities and capital
$23,190Total liabilities
$18,237Total deposits
$23,190Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$90Subordinated debt
$2,111All other liabilities
$2,111Total equity capital
$2,111Total bank equity capital
$0Perpetual preferred stock
$50Common stock
$4,333Surplus
$-2,272Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$46Income earned, not collected on loans
$0Earning assets
$323Long-term assets (5+ years)
$23,783Average Assets, year-to-date
$3,764Average Assets, quarterly
$25,803Volatile liabilities
$25,198Insider loans
$16,357FHLB advances
$26,345Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$1,880Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,546Restructured Loans and leases
$983Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,087Total interest income
$267Total interest expense
$820Net interest income
$0Provision for loan and lease losses
$20Total noninterest income
$0Fiduciary activities
$38Service charges on deposit accounts
$0Trading account gains & fees
-$18Additional noninterest income
$1,054Total noninterest expense
$261Salaries and employee benefits
$90Premises and equipment expense
$703Additional noninterest expense
-$214Pre-tax net operating income
$61Securities gains (losses)
-$1Applicable income taxes
-$152Income before extraordinary items
$0Extraordinary gains - net
-$152Net income attributable to bank
$0Net charge-offs
-$152Cash dividends
$30Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.47%Yield on earning assets
1.10%Cost of funding earning assets
3.37%Net interest margin
0.08%Noninterest income to earning assets
4.33%Noninterest expense to earning assets
-0.82%Net operating income to assets
-0.59%Return on assets (ROA)
-0.59%Pretax return on assets
-6.89%Return on equity (ROE)
-6.89%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-7.13%Efficiency ratio
124,048Assets per employee
5.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.98%Loss allowance to noncurrent loans
1806.52%Noncurrent assets plus other real estate owned to assets
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