FDIC Certificate #: 23118 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Dakota Western Bank (#8637) Federal Reserve ID: 999654 Date Established: May 05, 1980 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 16194 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: May 05, 1980 Last Structure Change Effective Date: March 10, 2001 Last Structure Change Process Date: March 28, 2001 Last Data Update: March 28, 2001 Data Source Date: April 05, 2012
Location
Address: Adams Avenue And Fourth Street, Hettinger, ND 58639 County: Adams 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: $27.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
10Total employees (full-time equivalent)
$27,732Total assets
$1,102Cash and due from depository institutions
$0Interest-bearing balances
$7,422Securities
$4,500Federal funds sold & reverse repurchase agreements
$13,177Net loans & leases
$404Loan loss allowance
$0Trading account assets
$360Bank premises and fixed assets
$29Other real estate owned
$580Goodwill and other intangibles
$0Life insurance assets
$562All other assets
$27,732Total liabilities and capital
$24,765Total liabilities
$24,541Total deposits
$21,480Interest-bearing deposits
$24,541Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$224All other liabilities
$2,967Total equity capital
$2,967Total bank equity capital
$2,967Perpetual preferred stock
$0Common stock
$400Surplus
$2,423Undivided profits
Memoranda
$144Noncurrent loans and leases
$1,661Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$66Earning assets
$17Long-term assets (5+ years)
$320Average Assets, year-to-date
$25,099Average Assets, quarterly
$1,734Volatile liabilities
$26,683Insider loans
$27,420FHLB advances
$1,830Loans and leases held for sale
$59Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,661Total unused commitments
$0Restructured Loans and leases
$208Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$980Total interest income
$406Total interest expense
$574Net interest income
$10Provision for loan and lease losses
$40Total noninterest income
$0Fiduciary activities
$24Service charges on deposit accounts
$0Trading account gains & fees
$16Additional noninterest income
$355Total noninterest expense
$199Salaries and employee benefits
$44Premises and equipment expense
$112Additional noninterest expense
$249Pre-tax net operating income
$0Securities gains (losses)
$92Applicable income taxes
$157Income before extraordinary items
$0Extraordinary gains - net
$157Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$8Sale, conversion, retirement of capital stock, net
$50Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.05%Yield on earning assets
1.68%Cost of funding earning assets
2.37%Net interest margin
0.17%Noninterest income to earning assets
1.47%Noninterest expense to earning assets
0.59%Net operating income to assets
0.59%Return on assets (ROA)
0.93%Pretax return on assets
6.12%Return on equity (ROE)
4.17%Retained earnings to average equity (YTD only)
-0.06%Net charge-offs to loans
-125.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
55,863Assets per employee
2.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.85%Loss allowance to loans
2.97%Loss allowance to noncurrent loans
612.12%Noncurrent assets plus other real estate owned to assets
0.34%Noncurrent loans to loans
0.49%Net loans and leases to deposits
53.69%Net loans and leases to core deposits
58.02%Equity capital to assets
10.70%Core capital (leverage) ratio
8.67%Tier 1 risk-based capital ratio
14.03%Total risk-based capital ratio
Memoranda
$15Average assets
$26,683Average earning assets
$2,563Average equity
$24,215Average loans
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