CountryBank USA in Cando, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 08, 2010

  • CountryBank USA in Cando, North Dakota (ND)
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CountryBank USA - Overview

  • General
  • FDIC Certificate #: 19765
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Scandia American Bank & Trust (#8639)
    Federal Reserve ID: 794251
    Date Established: November 13, 1967
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 12146
    FDIC's unique #: 13559
    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: November 13, 1967
    Last Structure Change Effective Date: January 08, 2010
    Last Structure Change Process Date: January 27, 2010
    Last Data Update: January 27, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 505 Fourth Street, Cando, ND 58324
    County: Towner
    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: $48.1 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
  • 26Total employees (full-time equivalent)
  • $48,149Total assets
  • $6,097Cash and due from depository institutions
  • $3,857Interest-bearing balances
  • $6,619Securities
  • $6,625Federal funds sold & reverse repurchase agreements
  • $26,012Net loans & leases
  • $267Loan loss allowance
  • $0Trading account assets
  • $1,221Bank premises and fixed assets
  • $80Other real estate owned
  • $552Goodwill and other intangibles
  • $0Life insurance assets
  • $943All other assets
  • $48,149Total liabilities and capital
  • $43,389Total liabilities
  • $40,725Total deposits
  • $38,046Interest-bearing deposits
  • $40,725Deposits held in domestic offices
  • 96.97%% insured (estimated)
  • $175Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,240Other borrowed funds
  • $0Subordinated debt
  • $249All other liabilities
  • $4,760Total equity capital
  • $4,760Total bank equity capital
  • $4,760Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $1,700Undivided profits
  • Memoranda
  • $2,560Noncurrent loans and leases
  • $4,219Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $245Earning assets
  • $0Long-term assets (5+ years)
  • $446Average Assets, year-to-date
  • $43,113Average Assets, quarterly
  • $8,566Volatile liabilities
  • $46,822Insider loans
  • $47,537FHLB advances
  • $7,313Loans and leases held for sale
  • $632Unused loan commitments
  • $2,240Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $419Total risk weighted assets
  • $4,219Total unused commitments
  • $0Restructured Loans and leases
  • $267Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $2,287Total interest income
  • $781Total interest expense
  • $1,506Net interest income
  • $36Provision for loan and lease losses
  • $1,170Total noninterest income
  • $0Fiduciary activities
  • $161Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,009Additional noninterest income
  • $2,316Total noninterest expense
  • $1,512Salaries and employee benefits
  • $201Premises and equipment expense
  • $603Additional noninterest expense
  • $324Pre-tax net operating income
  • $0Securities gains (losses)
  • $23Applicable income taxes
  • $301Income before extraordinary items
  • $0Extraordinary gains - net
  • $301Net income attributable to bank
  • $0Net charge-offs
  • $301Cash dividends
  • $126Sale, conversion, retirement of capital stock, net
  • $32Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.36%Yield on earning assets
  • 1.83%Cost of funding earning assets
  • 3.53%Net interest margin
  • 2.74%Noninterest income to earning assets
  • 5.43%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 6.53%Return on equity (ROE)
  • 5.84%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 28.57%Credit loss provision to net charge-offs
  • 2.86%Efficiency ratio
  • 85,987Assets per employee
  • 1.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.63%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 108.98%Noncurrent assets plus other real estate owned to assets
  • 0.67%Noncurrent loans to loans
  • 0.93%Net loans and leases to deposits
  • 63.87%Net loans and leases to core deposits
  • 76.22%Equity capital to assets
  • 9.89%Core capital (leverage) ratio
  • 8.63%Tier 1 risk-based capital ratio
  • 14.29%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $46,822Average earning assets
  • $4,609Average equity
  • $42,672Average loans

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