Dacotah Bank - Valley City in Valley City, North Dakota (ND)

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Dacotah Bank - Valley City
GeneralFDIC Certificate #: 8945
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Dacotah Bank (#17437)
Federal Reserve ID: 986850
Date Established: May 04, 1909
WWW: http://www.dacotahbank.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 5712
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 01, 2005
Last Structure Change Process Date: April 11, 2005
Last Data Update: April 11, 2005
Data Source Date: April 05, 2012
LocationAddress: 240 Third Street, Northwest, Valley City, ND 58072
County: Barnes
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
Financial SummaryTotal assets: $94.7 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, 2004)
(Dollar figures in thousands)
Total employees (full-time equivalent)25
Total assets$97,545
Cash and due from depository institutions$4,760
Interest-bearing balances$33
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$64,198
Loan loss allowance $2,047
Trading account assets$0
Bank premises and fixed assets$1,156
Other real estate owned$0
Goodwill and other intangibles$3,553
All other assets$3,165
Life insurance assets$0
Total liabilities and capital$97,545
Total liabilities$83,945
Total deposits$79,607
Interest-bearing deposits$64,153
Deposits held in domestic offices$79,607
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $1,350
Trading liabilities$0
Other borrowed funds $2,400
Subordinated debt $0
All other liabilities $588
Total equity capital$13,600
Total bank equity capital$13,600
Perpetual preferred stock$13,600
Common stock$0
Undivided profits $11,434
Noncurrent loans and leases $1,756
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $10,972
Income earned, not collected on loans $0
Earning assets $401
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,270
Average Assets, quarterly $84,944
Volatile liabilities $7,576
Insider loans $96,667
FHLB advances $98,342
Loans and leases held for sale $11,406
Unused loan commitments $22
Tier 1 (core) risk-based capital $2,400
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $10,972
Restructured Loans and leases $0
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Income and Expense (December 31, 2004)
(Dollar figures in thousands)
Total interest income $5,005
Total interest expense $1,340
Net interest income $3,665
Provision for loan and lease losses $15
Total noninterest income $760
Fiduciary activities $0
Service charges on deposit accounts $274
Trading account gains & fees $0
Additional noninterest income $486
Total noninterest expense $2,558
Salaries and employee benefits $1,519
Premises and equipment expense $216
Additional noninterest expense $823
Pre-tax net operating income $1,852
Securities gains (losses) -$1
Applicable income taxes $780
Income before extraordinary items $1,071
Extraordinary gains - net $0
Net income attributable to bank $1,071
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$22
Net operating income $200
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Performance and Condition Ratios (December 31, 2004)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.84%
Cost of funding earning assets 1.56%
Net interest margin 4.28%
Noninterest income to earning assets 0.89%
Noninterest expense to earning assets 2.99%
Net operating income to assets 1.11%
Return on assets (ROA) 1.11%
Pretax return on assets 1.91%
Return on equity (ROE) 8.11%
Retained earnings to average equity (YTD only) 6.60%
Net charge-offs to loans -0.03%
Credit loss provision to net charge-offs -68.18%
Efficiency ratio0.00%
Assets per employee$54,554
Cash dividends to net income (YTD only)3.90%
Condition Ratios (%)
Loss allowance to loans 18.67%
Loss allowance to noncurrent loans 3.09%
Noncurrent assets plus other real estate owned to assets 510.47%
Noncurrent loans to loans 0.41%
Net loans and leases to deposits0.61%
Net loans and leases to core deposits 80.64%
Equity capital to assets 89.22%
Core capital (leverage) ratio 13.94%
Tier 1 risk-based capital ratio 10.78%
Total risk-based capital ratio 14.98%
Average assets$16
Average earning assets$96,667
Average equity $13,199
Average loans $85,676
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