Ramsey National Bank in Devils Lake, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Ramsey National Bank in Devils Lake, North Dakota (ND)
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Ramsey National Bank routing number info

Ramsey National Bank - Overview

  • General
  • FDIC Certificate #: 3914
    Status: Active
    Federal Reserve ID: 987352
    Bank Holding Company (Regulatory Top Holder): Ramsey Financial Corporation And Affiliates Employee Stock Ownership Plan (RSSDID: 3640434, Location: Devils Lake, ND)
    Date Established: January 01, 1892
    WWW: http://www.ramseybank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 12753
    FDIC's unique #: 2551
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 01, 2011
    Last Structure Change Process Date: November 28, 2011
    Last Data Update: November 28, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 4th St. Ne, Devils Lake, ND 58301
    County: Ramsey
    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
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $241.1 mil
    Equity capital: $24.6 mil
    Deposits held in domestic offices: $208.6 mil
    Return on assets (ROA): 1.61% ($3.9 mil)
    Quarterly return on assets: 1.83% ($4.4 mil)
    Return on Equity (ROE): 15.66% ($3.9 mil)
    Quarterly return on equity: 17.64% ($4.4 mil)
    Net income: $3.7 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.70% ($4,098.5 mil)
    Quarterly Pretax return on assets: 1.97% ($4,749.4 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
  • 58Total employees (full-time equivalent)
  • $241,087Total assets
  • $13,689Cash and due from depository institutions
  • $6,174Interest-bearing balances
  • $52,344Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $167,483Net loans & leases
  • $1,981Loan loss allowance
  • $0Trading account assets
  • $2,617Bank premises and fixed assets
  • $370Other real estate owned
  • $913Goodwill and other intangibles
  • $241,087Life insurance assets
  • $3,671All other assets
  • $216,507Total liabilities and capital
  • $208,646Total liabilities
  • $167,535Total deposits
  • $208,646Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,000Trading liabilities
  • $0Other borrowed funds
  • $861Subordinated debt
  • $24,580All other liabilities
  • $24,580Total equity capital
  • $24,580Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $7,669Surplus
  • $16,311Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,017Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,482Income earned, not collected on loans
  • $287Earning assets
  • $2,078Long-term assets (5+ years)
  • $226,001Average Assets, year-to-date
  • $51,343Average Assets, quarterly
  • $229,671Volatile liabilities
  • $236,777Insider loans
  • $165,724FHLB advances
  • $234,975Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $22,885Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $40,920Restructured Loans and leases
  • $963Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,716Total interest income
  • $2,130Total interest expense
  • $8,586Net interest income
  • $392Provision for loan and lease losses
  • $1,393Total noninterest income
  • $454Fiduciary activities
  • $288Service charges on deposit accounts
  • $0Trading account gains & fees
  • $651Additional noninterest income
  • $5,737Total noninterest expense
  • $3,498Salaries and employee benefits
  • $717Premises and equipment expense
  • $1,522Additional noninterest expense
  • $3,850Pre-tax net operating income
  • $60Securities gains (losses)
  • $223Applicable income taxes
  • $3,687Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,687Net income attributable to bank
  • $0Net charge-offs
  • $3,687Cash dividends
  • $505Sale, conversion, retirement of capital stock, net
  • $1,944Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.96%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 3.98%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 2.66%Noninterest expense to earning assets
  • 1.58%Net operating income to assets
  • 1.61%Return on assets (ROA)
  • 1.70%Pretax return on assets
  • 15.66%Return on equity (ROE)
  • 7.40%Retained earnings to average equity (YTD only)
  • 0.30%Net charge-offs to loans
  • 77.62%Credit loss provision to net charge-offs
  • 8.40%Efficiency ratio
  • 57,491Assets per employee
  • 4.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.73%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 56.89%Noncurrent assets plus other real estate owned to assets
  • 1.60%Noncurrent loans to loans
  • 2.05%Net loans and leases to deposits
  • 80.27%Net loans and leases to core deposits
  • 85.23%Equity capital to assets
  • 10.20%Core capital (leverage) ratio
  • 9.74%Tier 1 risk-based capital ratio
  • 13.81%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $229,671Average earning assets
  • $23,548Average equity
  • $215,874Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $85,035Managed Assets
  • 1Number of Accounts
  • $35,696Personal trust and agency accounts
  • $24,359Employee benefit-defined contribution accounts
  • $243Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,231Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $786Other fiduciary accounts
  • $9,077Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 285Number of Accounts
  • $0Personal trust and agency accounts
  • $1,231Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $49,339Other retirement accounts
  • $6,664Corporate trust and agency accounts
  • $15,857Other fiduciary accounts
  • $16,185Fiduciary accounts held in foreign offices

List of branches

  • 8 North Dakota Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    02551Ramsey National Bank300 4th St. Ne, Devils Lake, ND 58301January 01, 1892Full Service Brick and Mortar
    26057Maddock Branch104 Main Street, Maddock, ND 58348June 29, 1901Full Service Brick and Mortar
    3220117Paying And Receiving Branch#32 Northern Pacific Avenue West, Esmond, ND 58332October 01, 1965Full Service Brick and Mortar
    5264120Fargo Branch3232 25th St S, Fargo, ND 58104July 31, 1981Full Service Brick and Mortar
    7202143County Market Branch323 Fifth Street, Devils Lake, ND 58301June 22, 1992Full Service Retail
    846446Ramsey Bank Branch407 Fifth Avenue, Cando, ND 58324September 21, 1990Full Service Brick and Mortar
    9360672Cavalier Branch200 Main Street West, Cavalier, ND 58220October 23, 2000Full Service Brick and Mortar
    10360673Rugby Branch319 South Main, Rugby, ND 58368October 23, 2000Full Service Brick and Mortar

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