Bank Forward in Hannaford, North Dakota (ND), MN
Overview, Financial Summary, Detailed Financial Reports, Branches


Bank Forward - Overview

  • General
  • FDIC Certificate #: 8941
    Status: Active
    Federal Reserve ID: 812557
    Bank Holding Company (Regulatory Top Holder): Security State Bank Holding Company (RSSDID: 1124257, Location: Fargo, ND)
    Date Established: September 05, 1927
    WWW: http://www.bankforward.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: Yes)
    OTS Docket #: 15932
    FDIC's unique #: 5708
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 23, 2010
    Last Structure Change Process Date: August 27, 2010
    Last Data Update: August 27, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 390 Wheat St, Hannaford, ND 58448
    County: Griggs
    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
  • Financial Summary
  • Total assets: $472.4 mil
    Equity capital: $45.7 mil
    Deposits held in domestic offices: $374.8 mil
    Return on assets (ROA): 0.44% ($2.1 mil)
    Quarterly return on assets: -0.02% (-$0.1 mil)
    Return on Equity (ROE): 4.81% ($2.2 mil)
    Quarterly return on equity: -0.16% (-$0.1 mil)
    Net income: $2.1 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.48% ($2,267.7 mil)
    Quarterly Pretax return on assets: 0.11% ($519.7 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, 2011)

  • Dollar figures in thousands
  • 196Total employees (full-time equivalent)
  • $472,445Total assets
  • $18,341Cash and due from depository institutions
  • $1,972Interest-bearing balances
  • $62,605Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $345,589Net loans & leases
  • $6,903Loan loss allowance
  • $0Trading account assets
  • $16,693Bank premises and fixed assets
  • $10,123Other real estate owned
  • $8,245Goodwill and other intangibles
  • $472,445Life insurance assets
  • $10,849All other assets
  • $426,748Total liabilities and capital
  • $374,817Total liabilities
  • $295,897Total deposits
  • $374,817Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 11459.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $30,824Trading liabilities
  • $6,000Other borrowed funds
  • $3,648Subordinated debt
  • $45,697All other liabilities
  • $45,697Total equity capital
  • $45,697Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $43,690Surplus
  • $1,707Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $580Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,632Income earned, not collected on loans
  • $209Earning assets
  • $4,016Long-term assets (5+ years)
  • $410,166Average Assets, year-to-date
  • $118,568Average Assets, quarterly
  • $474,652Volatile liabilities
  • $464,031Insider loans
  • $373,226FHLB advances
  • $455,499Loans and leases held for sale
  • $585Unused loan commitments
  • $585Tier 1 (core) risk-based capital
  • $36,935Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $80,042Restructured Loans and leases
  • $1,421Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,948Total interest income
  • $6,004Total interest expense
  • $15,944Net interest income
  • $1,437Provision for loan and lease losses
  • $6,367Total noninterest income
  • $0Fiduciary activities
  • $660Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,707Additional noninterest income
  • $19,370Total noninterest expense
  • $11,991Salaries and employee benefits
  • $2,340Premises and equipment expense
  • $5,039Additional noninterest expense
  • $1,504Pre-tax net operating income
  • $751Securities gains (losses)
  • $150Applicable income taxes
  • $2,105Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,105Net income attributable to bank
  • $0Net charge-offs
  • $2,105Cash dividends
  • $3,592Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.44%Cost of funding earning assets
  • 3.81%Net interest margin
  • 1.52%Noninterest income to earning assets
  • 4.63%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.48%Pretax return on assets
  • 4.81%Return on equity (ROE)
  • 4.81%Retained earnings to average equity (YTD only)
  • 1.00%Net charge-offs to loans
  • 40.01%Credit loss provision to net charge-offs
  • 0.82%Efficiency ratio
  • 85,137Assets per employee
  • 2.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.96%Loss allowance to noncurrent loans
  • 79.97%Noncurrent assets plus other real estate owned to assets
  • 3.97%Noncurrent loans to loans
  • 2.45%Net loans and leases to deposits
  • 92.20%Net loans and leases to core deposits
  • 97.58%Equity capital to assets
  • 9.67%Core capital (leverage) ratio
  • 8.11%Tier 1 risk-based capital ratio
  • 9.90%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $474,652Average earning assets
  • $43,727Average equity
  • $418,088Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1257064Walker Branch106 6th Street South, Walker, MN 56484Febuary 10, 1997Full Service Brick and Mortar
    13290525Hackensack Branch316 First Street North, Hackensack, MN 56452June 15, 1999Full Service Brick and Mortar
    15466114Bemidji Branch700 Paul Bunyan Dr Nw, Bemidji, MN 56601Febuary 01, 2007Full Service Brick and Mortar
  • 10 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05708Bank Forward390 Wheat St, Hannaford, ND 58448September 05, 1927Full Service Brick and Mortar
    19653New Rockford Branch6 South 8th Street, New Rockford, ND 58356January 01, 1935Full Service Brick and Mortar
    26055Cooperstown Banking House Branch802 Burrell Avenue Southwest, Cooperstown, ND 58425August 25, 1913Full Service Brick and Mortar
    312733Carrington Banking House Branch484 Main Street, Carrington, ND 58421August 05, 1907Full Service Brick and Mortar
    5246711Bowdon Paying And Receiving Branch65 Main Street, Bowdon, ND 58418October 28, 1966Full Service Brick and Mortar
    8219204Wimbledon Paying And Revceiving BranMain Street, Wimbledon, ND 58492Febuary 16, 1993Full Service Brick and Mortar
    9219205Jamestown Branch400 2nd Avenue, Southwest, Jamestown, ND 58402October 02, 1995Full Service Brick and Mortar
    10219206Valley City Branch430 West Main Street, Valley City, ND 58072October 13, 1998Full Service Brick and Mortar
    14466113Grand Forks Branch1301 Ralph Engelstad Arena Drive, Grand Forks, ND 58204June 01, 2007Full Service Brick and Mortar
    16474312Columbia Road Branch3350 South Columbia Road, Grand Forks, ND 58201May 05, 2008Full Service Brick and Mortar

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