Security First Bank of Oliver County in Center, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2000

Security First Bank of Oliver County in Center, North Dakota (ND)
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Security First Bank of Oliver County - Overview

General
FDIC Certificate #: 23018
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Security First Bank of North Dakota (#11519)
Federal Reserve ID: 739953
Date Established: January 02, 1980
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 12397
FDIC's unique #: 16113
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 02, 1980
Last Structure Change Effective Date: April 01, 2000
Last Structure Change Process Date: June 22, 2000
Last Data Update: June 22, 2000
Data Source Date: April 05, 2012
Location
Address: Main Street And Center Avenue, Center, ND 58530
County: Oliver
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
Financial Summary
Total assets: $20.4 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
6Total employees (full-time equivalent)
$19,682Total assets
$484Cash and due from depository institutions
$100Interest-bearing balances
$4,591Securities
$1,065Federal funds sold & reverse repurchase agreements
$12,946Net loans & leases
$245Loan loss allowance
$0Trading account assets
$363Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$233All other assets
$19,682Total liabilities and capital
$17,670Total liabilities
$17,363Total deposits
$15,286Interest-bearing deposits
$17,363Deposits held in domestic offices
0.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$207All other liabilities
$2,012Total equity capital
$2,012Total bank equity capital
$2,012Perpetual preferred stock
$0Common stock
$300Surplus
$900Undivided profits
Memoranda
$812Noncurrent loans and leases
$2,624Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$44Earning assets
$0Long-term assets (5+ years)
$178Average Assets, year-to-date
$18,702Average Assets, quarterly
$3,740Volatile liabilities
$18,601Insider loans
$19,100FHLB advances
$2,972Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,624Total unused commitments
$90Restructured Loans and leases
$184Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$1,480Total interest income
$573Total interest expense
$907Net interest income
$0Provision for loan and lease losses
$93Total noninterest income
$0Fiduciary activities
$41Service charges on deposit accounts
$0Trading account gains & fees
$52Additional noninterest income
$594Total noninterest expense
$370Salaries and employee benefits
$52Premises and equipment expense
$172Additional noninterest expense
$406Pre-tax net operating income
$3Securities gains (losses)
$144Applicable income taxes
$265Income before extraordinary items
$0Extraordinary gains - net
$265Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$16Sale, conversion, retirement of capital stock, net
$165Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.39%Yield on earning assets
3.25%Cost of funding earning assets
5.14%Net interest margin
0.53%Noninterest income to earning assets
3.37%Noninterest expense to earning assets
1.41%Net operating income to assets
1.42%Return on assets (ROA)
2.20%Pretax return on assets
13.59%Return on equity (ROE)
5.13%Retained earnings to average equity (YTD only)
-0.13%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
59,400Assets per employee
3.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
62.26%Loss allowance to loans
1.86%Loss allowance to noncurrent loans
556.82%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.33%Net loans and leases to deposits
74.56%Net loans and leases to core deposits
89.34%Equity capital to assets
10.22%Core capital (leverage) ratio
10.49%Tier 1 risk-based capital ratio
13.72%Total risk-based capital ratio
Memoranda
$15Average assets
$18,601Average earning assets
$1,951Average equity
$17,644Average loans

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