FDIC Certificate #: 19037 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:State Bank & Trust (#19581) Federal Reserve ID: 952051 Date Established: March 02, 1964 WWW:http://www.statebanks.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 12875 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: March 02, 1964 Last Structure Change Effective Date: September 02, 2003 Last Structure Change Process Date: October 07, 2003 Last Data Update: October 07, 2003 Data Source Date: April 05, 2012
Location
Address: 412 Sheyenne Street, West Fargo, ND 58078 County: Cass 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 Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520) Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244) Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020) CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
Financial Summary
Total assets: $105.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
30Total employees (full-time equivalent)
$102,739Total assets
$2,947Cash and due from depository institutions
$0Interest-bearing balances
$14,931Securities
$6,090Federal funds sold & reverse repurchase agreements
$76,429Net loans & leases
$786Loan loss allowance
$0Trading account assets
$1,272Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,070All other assets
$102,739Total liabilities and capital
$93,965Total liabilities
$92,693Total deposits
$81,751Interest-bearing deposits
$92,693Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,272All other liabilities
$8,774Total equity capital
$8,774Total bank equity capital
$8,774Perpetual preferred stock
$0Common stock
$461Surplus
$4,139Undivided profits
Memoranda
$4,174Noncurrent loans and leases
$16,217Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$208Earning assets
$0Long-term assets (5+ years)
$658Average Assets, year-to-date
$97,450Average Assets, quarterly
$7,113Volatile liabilities
$100,783Insider loans
$104,069FHLB advances
$12,661Loans and leases held for sale
$325Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,217Total unused commitments
$0Restructured Loans and leases
$786Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$6,220Total interest income
$2,457Total interest expense
$3,763Net interest income
$210Provision for loan and lease losses
$248Total noninterest income
$0Fiduciary activities
$189Service charges on deposit accounts
$0Trading account gains & fees
$59Additional noninterest income
$2,371Total noninterest expense
$1,383Salaries and employee benefits
$297Premises and equipment expense
$691Additional noninterest expense
$1,430Pre-tax net operating income
$0Securities gains (losses)
$511Applicable income taxes
$919Income before extraordinary items
$0Extraordinary gains - net
$919Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$105Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.51%Yield on earning assets
2.57%Cost of funding earning assets
3.94%Net interest margin
0.26%Noninterest income to earning assets
2.48%Noninterest expense to earning assets
0.91%Net operating income to assets
0.91%Return on assets (ROA)
1.42%Pretax return on assets
11.54%Return on equity (ROE)
11.54%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
200.00%Credit loss provision to net charge-offs
15.62%Efficiency ratio
59,112Assets per employee
3.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
377.88%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.27%Net loans and leases to deposits
82.45%Net loans and leases to core deposits
95.50%Equity capital to assets
8.54%Core capital (leverage) ratio
8.03%Tier 1 risk-based capital ratio
10.18%Total risk-based capital ratio
Memoranda
$11Average assets
$100,783Average earning assets
$7,963Average equity
$95,517Average loans
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