FDIC Certificate #: 17829 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:KodaBank (#8386) Federal Reserve ID: 875253 Date Established: January 01, 1881 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 11775 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 13, 1958 Last Structure Change Effective Date: March 01, 2010 Last Structure Change Process Date: March 31, 2010 Last Data Update: March 31, 2010 Data Source Date: April 05, 2012
Location
Address: 521 2nd Street, Minto, ND 58261 County: Walsh 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: $24.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
8Total employees (full-time equivalent)
$24,841Total assets
$3,221Cash and due from depository institutions
$1,877Interest-bearing balances
$8,354Securities
$1,800Federal funds sold & reverse repurchase agreements
$10,768Net loans & leases
$196Loan loss allowance
$0Trading account assets
$139Bank premises and fixed assets
$49Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$510All other assets
$24,841Total liabilities and capital
$22,057Total liabilities
$21,909Total deposits
$16,166Interest-bearing deposits
$21,909Deposits held in domestic offices
89.33%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$148All other liabilities
$2,784Total equity capital
$2,784Total bank equity capital
$2,784Perpetual preferred stock
$0Common stock
$250Surplus
$750Undivided profits
Memoranda
$1,784Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$196Earning assets
$0Long-term assets (5+ years)
$406Average Assets, year-to-date
$22,799Average Assets, quarterly
$3,559Volatile liabilities
$23,622Insider loans
$23,576FHLB advances
$1,880Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$153Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$1,144Total interest income
$266Total interest expense
$878Net interest income
$0Provision for loan and lease losses
$68Total noninterest income
$0Fiduciary activities
$50Service charges on deposit accounts
$0Trading account gains & fees
$18Additional noninterest income
$564Total noninterest expense
$309Salaries and employee benefits
$55Premises and equipment expense
$200Additional noninterest expense
$382Pre-tax net operating income
$0Securities gains (losses)
$26Applicable income taxes
$356Income before extraordinary items
$0Extraordinary gains - net
$356Net income attributable to bank
$0Net charge-offs
$356Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$255Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.15%Yield on earning assets
1.20%Cost of funding earning assets
3.95%Net interest margin
0.31%Noninterest income to earning assets
2.54%Noninterest expense to earning assets
1.51%Net operating income to assets
1.51%Return on assets (ROA)
1.62%Pretax return on assets
12.76%Return on equity (ROE)
3.62%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
59,619Assets per employee
3.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
71.63%Loss allowance to loans
1.79%Loss allowance to noncurrent loans
100.00%Noncurrent assets plus other real estate owned to assets
0.99%Noncurrent loans to loans
1.79%Net loans and leases to deposits
49.15%Net loans and leases to core deposits
53.76%Equity capital to assets
11.21%Core capital (leverage) ratio
11.37%Tier 1 risk-based capital ratio
21.85%Total risk-based capital ratio
Memoranda
$23Average assets
$23,622Average earning assets
$2,791Average equity
$22,218Average loans
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