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

This bank is inactive as of November 22, 1996

State Bank of Marion in Marion, North Dakota (ND)
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State Bank of Marion - Overview

General
FDIC Certificate #: 9119
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The First State Bank of La Moure (#13368)
Federal Reserve ID: 683757
Date Established: January 01, 1928
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 5837
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 01, 1934
Last Structure Change Effective Date: November 22, 1996
Last Structure Change Process Date: December 09, 1996
Last Data Update: December 09, 1996
Data Source Date: April 05, 2012
Location
Address: Main Street, Marion, ND 58466
County: Lamoure
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: $13.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$8Total assets
$12,512Cash and due from depository institutions
$1,056Interest-bearing balances
$0Securities
$4,617Federal funds sold & reverse repurchase agreements
$1,050Net loans & leases
$5,475Loan loss allowance
$144Trading account assets
$0Bank premises and fixed assets
$91Other real estate owned
$0Goodwill and other intangibles
$223Life insurance assets
$0All other assets
$0Total liabilities and capital
$12,512Total liabilities
$11,431Total deposits
$11,203Interest-bearing deposits
$9,789Deposits held in domestic offices
11203.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$228Total equity capital
$228Total bank equity capital
$1,081Perpetual preferred stock
$0Common stock
$150Surplus
$300Undivided profits
Memoranda
$631Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$126Income earned, not collected on loans
$155Earning assets
$11,142Long-term assets (5+ years)
$2,468Average Assets, year-to-date
$12,141Average Assets, quarterly
$12,291Volatile liabilities
$1,779Insider loans
$4FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$501Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,077Total risk weighted assets
$7,294Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$895Total interest expense
$398Net interest income
$497Provision for loan and lease losses
$0Total noninterest income
$85Fiduciary activities
$0Service charges on deposit accounts
$41Trading account gains & fees
$0Additional noninterest income
$44Total noninterest expense
$441Salaries and employee benefits
$247Premises and equipment expense
$54Additional noninterest expense
$140Pre-tax net operating income
$141Securities gains (losses)
-$34Applicable income taxes
$93Income before extraordinary items
$14Extraordinary gains - net
$0Net income attributable to bank
$14Net charge-offs
$3Cash dividends
$30Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.26%Cost of funding earning assets
3.67%Net interest margin
4.58%Noninterest income to earning assets
0.78%Noninterest expense to earning assets
4.07%Net operating income to assets
0.29%Return on assets (ROA)
0.12%Pretax return on assets
0.88%Return on equity (ROE)
1.32%Retained earnings to average equity (YTD only)
-1.51%Net charge-offs to loans
0.05%Credit loss provision to net charge-offs
0.00%Efficiency ratio
75,773Assets per employee
1.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
214.29%Loss allowance to loans
2.56%Loss allowance to noncurrent loans
114.29%Noncurrent assets plus other real estate owned to assets
1.01%Noncurrent loans to loans
2.24%Net loans and leases to deposits
48.87%Net loans and leases to core deposits
58.10%Equity capital to assets
8.64%Core capital (leverage) ratio
8.59%Tier 1 risk-based capital ratio
14.77%Total risk-based capital ratio
Memoranda
$16Average assets
$12,141Average earning assets
$1,059Average equity
$10,841Average loans

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