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

This bank is inactive as of March 01, 2010

  • Bank of Minto in Minto, North Dakota (ND)
  • Show street view No street view available for this location

Bank of Minto - Overview

  • General
  • 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

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank of Minto.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents