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

This bank is inactive as of June 09, 1997

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

General
FDIC Certificate #: 22663
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Western State Bank (#9123)
Federal Reserve ID: 1016651
Date Established: January 17, 1977
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 13985
FDIC's unique #: 15816
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: June 01, 1978
Last Structure Change Effective Date: June 09, 1997
Last Structure Change Process Date: June 30, 1997
Last Data Update: June 30, 1997
Data Source Date: April 05, 2012
Location
Address: Main Street, Towner, ND 58788
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
Financial Summary
Total assets: $40.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$19Total assets
$38,214Cash and due from depository institutions
$1,419Interest-bearing balances
$99Securities
$7,109Federal funds sold & reverse repurchase agreements
$1,400Net loans & leases
$26,680Loan loss allowance
$411Trading account assets
$0Bank premises and fixed assets
$474Other real estate owned
$0Goodwill and other intangibles
$916Life insurance assets
$216All other assets
$0Total liabilities and capital
$38,214Total liabilities
$35,191Total deposits
$34,524Interest-bearing deposits
$31,512Deposits held in domestic offices
34524.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$667Total equity capital
$667Total bank equity capital
$3,023Perpetual preferred stock
$0Common stock
$750Surplus
$1,934Undivided profits
Memoranda
$339Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$784Income earned, not collected on loans
$622Earning assets
$35,288Long-term assets (5+ years)
$3,297Average Assets, year-to-date
$37,387Average Assets, quarterly
$38,187Volatile liabilities
$1,466Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,914Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,770Total risk weighted assets
$30,212Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$2,958Total interest expense
$1,455Net interest income
$1,503Provision for loan and lease losses
$138Total noninterest income
$168Fiduciary activities
$0Service charges on deposit accounts
$85Trading account gains & fees
$0Additional noninterest income
$83Total noninterest expense
$840Salaries and employee benefits
$439Premises and equipment expense
$109Additional noninterest expense
$292Pre-tax net operating income
$693Securities gains (losses)
-$17Applicable income taxes
$252Income before extraordinary items
$424Extraordinary gains - net
$0Net income attributable to bank
$424Net charge-offs
$96Cash dividends
$295Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.50%Cost of funding earning assets
4.18%Net interest margin
4.32%Noninterest income to earning assets
0.48%Noninterest expense to earning assets
2.41%Net operating income to assets
1.16%Return on assets (ROA)
1.13%Pretax return on assets
1.81%Return on equity (ROE)
14.25%Retained earnings to average equity (YTD only)
4.33%Net charge-offs to loans
0.36%Credit loss provision to net charge-offs
143.75%Efficiency ratio
49,252Assets per employee
2.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
69.58%Loss allowance to loans
1.52%Loss allowance to noncurrent loans
52.42%Noncurrent assets plus other real estate owned to assets
2.05%Noncurrent loans to loans
2.89%Net loans and leases to deposits
77.28%Net loans and leases to core deposits
80.71%Equity capital to assets
7.91%Core capital (leverage) ratio
7.39%Tier 1 risk-based capital ratio
9.17%Total risk-based capital ratio
Memoranda
$10Average assets
$37,387Average earning assets
$2,976Average equity
$34,783Average loans

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