Bank of Turtle Lake in Turtle Lake, North Dakota (ND)
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| Bank of Turtle Lake | |
|---|---|
| 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 WWW: http://www.btlnd.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 9 |
| Total assets | $34,940 |
| Cash and due from depository institutions | $1,206 |
| Interest-bearing balances | $490 |
| Securities | $8,479 |
| Federal funds sold & reverse repurchase agreements | $1,000 |
| Net loans & leases | $23,238 |
| Loan loss allowance | $399 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $165 |
| Other real estate owned | $84 |
| Goodwill and other intangibles | $0 |
| All other assets | $768 |
| Life insurance assets | $34,940 |
| Total liabilities and capital | $31,558 |
| Total liabilities | $31,416 |
| Total deposits | $25,461 |
| Interest-bearing deposits | $31,416 |
| Deposits held in domestic offices | $99 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $142 |
| All other liabilities | $3,382 |
| Total equity capital | $3,382 |
| Total bank equity capital | $3,382 |
| Perpetual preferred stock | $0 |
| Common stock | $500 |
| Surplus | $900 |
| Undivided profits | $1,982 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $116 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $658 |
| Average Assets, year-to-date | $33,207 |
| Average Assets, quarterly | $4,210 |
| Volatile liabilities | $33,633 |
| Insider loans | $34,151 |
| FHLB advances | $26,165 |
| Loans and leases held for sale | $34,659 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $3,276 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,855 |
| Derivatives | $59 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,559 |
| Total interest expense | $381 |
| Net interest income | $1,178 |
| Provision for loan and lease losses | $24 |
| Total noninterest income | $134 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $63 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $71 |
| Total noninterest expense | $897 |
| Salaries and employee benefits | $518 |
| Premises and equipment expense | $37 |
| Additional noninterest expense | $342 |
| Pre-tax net operating income | $391 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $142 |
| Income before extraordinary items | $249 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $249 |
| Net charge-offs | $0 |
| Cash dividends | $249 |
| Sale, conversion, retirement of capital stock, net | -$3 |
| Net operating income | $8 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.88% |
| Cost of funding earning assets | 1.19% |
| Net interest margin | 3.69% |
| Noninterest income to earning assets | 0.42% |
| Noninterest expense to earning assets | 2.81% |
| Net operating income to assets | 0.74% |
| Return on assets (ROA) | 0.74% |
| Pretax return on assets | 1.16% |
| Return on equity (ROE) | 8.32% |
| Retained earnings to average equity (YTD only) | 8.05% |
| Net charge-offs to loans | -0.01% |
| Credit loss provision to net charge-offs | -800.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $68,369 |
| Cash dividends to net income (YTD only) | 3.88% |
| Condition Ratios (%) | |
| Loss allowance to loans | 3.21% |
| Loss allowance to noncurrent loans | 1.69% |
| Noncurrent assets plus other real estate owned to assets | 343.97% |
| Noncurrent loans to loans | 0.57% |
| Net loans and leases to deposits | 0.49% |
| Net loans and leases to core deposits | 73.97% |
| Equity capital to assets | 75.78% |
| Core capital (leverage) ratio | 9.68% |
| Tier 1 risk-based capital ratio | 9.45% |
| Total risk-based capital ratio | 12.52% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $33,633 |
| Average equity | $2,992 |
| Average loans | $31,956 |
| 1 North Dakota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 13280 | Bank Of Turtle Lake | 205 Main Street, Turtle Lake, ND 58575 | September 01, 1965 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.