BlackRidgeBANK in Fargo, North Dakota (ND), MN
Overview, Financial Summary, Detailed Financial Reports, Branches

BlackRidgeBANK - Overview

  • General
  • FDIC Certificate #: 58580
    Status: Active
    Federal Reserve ID: 3580334
    Bank Holding Company (Regulatory Top Holder): Blackridge Financial, Inc. (RSSDID: 3398070, Location: Fargo, ND)
    Date Established: April 23, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: Yes)
    FDIC's unique #: 457321
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 23, 2007
    Last Structure Change Effective Date: October 01, 2011
    Last Structure Change Process Date: November 29, 2011
    Last Data Update: November 29, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 4040 42nd Street South, Fargo, ND 58104
    County: Cass
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520)
    Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
    Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020)
    CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $348.3 mil
    Equity capital: $46.5 mil
    Deposits held in domestic offices: $299.3 mil
    Return on assets (ROA): 0.77% ($2.7 mil)
    Quarterly return on assets: 0.68% ($2.4 mil)
    Return on Equity (ROE): 5.81% ($2.7 mil)
    Quarterly return on equity: 5.12% ($2.4 mil)
    Net income: $2.7 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.24% ($4,318.4 mil)
    Quarterly Pretax return on assets: 1.11% ($3,865.7 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
  • 85Total employees (full-time equivalent)
  • $348,257Total assets
  • $20,963Cash and due from depository institutions
  • $14,948Interest-bearing balances
  • $27,513Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $267,163Net loans & leases
  • $3,562Loan loss allowance
  • $0Trading account assets
  • $7,984Bank premises and fixed assets
  • $4,544Other real estate owned
  • $16,693Goodwill and other intangibles
  • $348,257Life insurance assets
  • $3,397All other assets
  • $301,715Total liabilities and capital
  • $299,288Total liabilities
  • $246,669Total deposits
  • $299,288Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 323.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,410Trading liabilities
  • $0Other borrowed funds
  • $694Subordinated debt
  • $46,542All other liabilities
  • $46,542Total equity capital
  • $46,542Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $44,194Surplus
  • $1,348Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,167Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,655Income earned, not collected on loans
  • $0Earning assets
  • $1,149Long-term assets (5+ years)
  • $309,624Average Assets, year-to-date
  • $32,362Average Assets, quarterly
  • $351,554Volatile liabilities
  • $349,870Insider loans
  • $265,433FHLB advances
  • $329,888Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,428Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $28,444Restructured Loans and leases
  • $154Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,544Total interest income
  • $3,324Total interest expense
  • $14,220Net interest income
  • $1,305Provision for loan and lease losses
  • $977Total noninterest income
  • $0Fiduciary activities
  • $578Service charges on deposit accounts
  • $0Trading account gains & fees
  • $399Additional noninterest income
  • $9,553Total noninterest expense
  • $4,763Salaries and employee benefits
  • $1,394Premises and equipment expense
  • $3,396Additional noninterest expense
  • $4,339Pre-tax net operating income
  • $26Securities gains (losses)
  • $1,668Applicable income taxes
  • $2,697Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,697Net income attributable to bank
  • $0Net charge-offs
  • $2,697Cash dividends
  • $1,442Sale, conversion, retirement of capital stock, net
  • $2,550Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.61%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 4.55%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 1.24%Pretax return on assets
  • 5.81%Return on equity (ROE)
  • 0.32%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 90.50%Credit loss provision to net charge-offs
  • 3.91%Efficiency ratio
  • 61,670Assets per employee
  • 4.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 94.55%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 62.99%Noncurrent assets plus other real estate owned to assets
  • 2.93%Noncurrent loans to loans
  • 2.09%Net loans and leases to deposits
  • 89.27%Net loans and leases to core deposits
  • 93.08%Equity capital to assets
  • 13.36%Core capital (leverage) ratio
  • 8.92%Tier 1 risk-based capital ratio
  • 11.09%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $351,554Average earning assets
  • $46,453Average equity
  • $312,676Average loans

List of branches

  • 9 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    212814Lakewood Branch14084 Baxter Drive, Ste 16, Baxter, MN 56425December 06, 1963Full Service Brick and Mortar
    3246968Crosslake Branch35563 County Road 3, Crosslake, MN 56442November 09, 1977Full Service Retail
    4246969Super One Branch1550 Fairview Road North, Baxter, MN 56425Febuary 09, 1998Limited Service Loan Production
    515842Nisswa Branch5411 County Road 18, Nisswa, MN 56468August 01, 1978Full Service Brick and Mortar
    6255139Schaefer's Foods Branch23964 Smiley Road, Nisswa, MN 56468November 18, 1996Full Service Retail
    76546Fsb Alexandria Branch3313 Highway 29 South, Alexandria, MN 56308September 09, 1904Full Service Brick and Mortar
    8222009Carlos Branch301 Main Avenue, Carlos, MN 56319Febuary 22, 1989Full Service Brick and Mortar
    9222010Alexandria Branch406 3rd Avenue, East, Alexandria, MN 56308March 09, 2000Full Service Brick and Mortar
    10221978Miltona Branch228 Oak St N, Miltona, MN 56354December 29, 1987Full Service Brick and Mortar
  • 2 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0457321Blackridgebank4040 42nd Street South, Fargo, ND 58104April 23, 2007Full Service Brick and Mortar
    1489687Bismarck Branch3703 Lockport Street, Bismarck, ND 58503April 01, 2009Full Service Brick and Mortar

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