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

Bank of Turtle Lake - Overview

  • General
  • FDIC Certificate #: 19480
    Status: Active
    Federal Reserve ID: 831352
    Bank Holding Company (Regulatory Top Holder): Mclean Bank Holding Company (RSSDID: 1126523, Location: Garrison, ND)
    Date Established: September 01, 1965
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 13280
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: September 01, 1965
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 205 Main Street, Turtle Lake, ND 58575
    County: Mclean
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $34.9 mil
    Equity capital: $3.4 mil
    Deposits held in domestic offices: $31.4 mil
    Return on assets (ROA): 0.74% ($0.3 mil)
    Quarterly return on assets: 0.80% ($0.3 mil)
    Return on Equity (ROE): 8.32% ($0.2 mil)
    Quarterly return on equity: 8.09% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.16% ($405.3 mil)
    Quarterly Pretax return on assets: 1.25% ($436.8 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, 2011)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $34,940Total assets
  • $1,206Cash and due from depository institutions
  • $490Interest-bearing balances
  • $8,479Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $23,238Net loans & leases
  • $399Loan loss allowance
  • $0Trading account assets
  • $165Bank premises and fixed assets
  • $84Other real estate owned
  • $0Goodwill and other intangibles
  • $34,940Life insurance assets
  • $768All other assets
  • $31,558Total liabilities and capital
  • $31,416Total liabilities
  • $25,461Total deposits
  • $31,416Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $142Subordinated debt
  • $3,382All other liabilities
  • $3,382Total equity capital
  • $3,382Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $900Surplus
  • $1,982Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $116Income earned, not collected on loans
  • $0Earning assets
  • $658Long-term assets (5+ years)
  • $33,207Average Assets, year-to-date
  • $4,210Average Assets, quarterly
  • $33,633Volatile liabilities
  • $34,151Insider loans
  • $26,165FHLB advances
  • $34,659Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,276Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,855Restructured Loans and leases
  • $59Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,559Total interest income
  • $381Total interest expense
  • $1,178Net interest income
  • $24Provision for loan and lease losses
  • $134Total noninterest income
  • $0Fiduciary activities
  • $63Service charges on deposit accounts
  • $0Trading account gains & fees
  • $71Additional noninterest income
  • $897Total noninterest expense
  • $518Salaries and employee benefits
  • $37Premises and equipment expense
  • $342Additional noninterest expense
  • $391Pre-tax net operating income
  • $0Securities gains (losses)
  • $142Applicable income taxes
  • $249Income before extraordinary items
  • $0Extraordinary gains - net
  • $249Net income attributable to bank
  • $0Net charge-offs
  • $249Cash dividends
  • -$3Sale, conversion, retirement of capital stock, net
  • $8Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.69%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 0.74%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 1.16%Pretax return on assets
  • 8.32%Return on equity (ROE)
  • 8.05%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -800.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 68,369Assets per employee
  • 3.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 3.21%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 343.97%Noncurrent assets plus other real estate owned to assets
  • 0.57%Noncurrent loans to loans
  • 0.49%Net loans and leases to deposits
  • 73.97%Net loans and leases to core deposits
  • 75.78%Equity capital to assets
  • 9.68%Core capital (leverage) ratio
  • 9.45%Tier 1 risk-based capital ratio
  • 12.52%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $33,633Average earning assets
  • $2,992Average equity
  • $31,956Average loans

List of branches

  • 1 North Dakota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013280Bank Of Turtle Lake205 Main Street, Turtle Lake, ND 58575September 01, 1965Full Service Brick and Mortar

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