Dakota Community Bank & Trust, National Association in Hebron, North Dakota (ND)
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| Dakota Community Bank & Trust, National Association | |
|---|---|
| General | FDIC Certificate #: 15728 Status: Active Federal Reserve ID: 815156 Bank Holding Company (Regulatory Top Holder): Dakota Community Banshares, Inc. (RSSDID: 2265782, Location: Hebron, ND) Date Established: January 01, 1940 WWW: http://www.dakotacommunitybank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 12 (Domestic: 12, Interstate: No) FDIC's unique #: 9987 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: March 11, 1940 Last Structure Change Effective Date: March 15, 2011 Last Structure Change Process Date: July 12, 2011 Last Data Update: July 12, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 609 Main Street, Hebron, ND 58638 County: Morton 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): Bismarck, ND (#1010) Core Based Statistical Area (CBSA): Bismarck, ND (#13900) CBSA Metro Statistical Area: Bismarck, ND (#13900) |
| History of Changes | Name Change |
| Financial Summary | Total assets: $570.0 mil Equity capital: $41.6 mil Deposits held in domestic offices: $501.0 mil Return on assets (ROA): 1.79% ($10.2 mil) Quarterly return on assets: 2.06% ($11.7 mil) Return on Equity (ROE): 24.67% ($10.4 mil) Quarterly return on equity: 28.28% ($11.9 mil) Net income: $9.1 mil Quarterly Net income: $2.8 mil Pretax return on assets: 1.91% ($10,887.1 mil) Quarterly Pretax return on assets: 2.22% ($12,654.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 172 |
| Total assets | $570,006 |
| Cash and due from depository institutions | $53,986 |
| Interest-bearing balances | $31,978 |
| Securities | $123,165 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $369,061 |
| Loan loss allowance | $5,408 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,532 |
| Other real estate owned | $1,094 |
| Goodwill and other intangibles | $353 |
| All other assets | $12,815 |
| Life insurance assets | $570,006 |
| Total liabilities and capital | $528,365 |
| Total liabilities | $500,999 |
| Total deposits | $413,658 |
| Interest-bearing deposits | $500,999 |
| Deposits held in domestic offices | $86 |
| % insured (estimated) | 15963.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $6,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $5,403 |
| All other liabilities | $41,641 |
| Total equity capital | $41,641 |
| Total bank equity capital | $41,641 |
| Perpetual preferred stock | $0 |
| Common stock | $170 |
| Surplus | $12,330 |
| Undivided profits | $29,141 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $10,353 |
| Income earned, not collected on loans | $4,535 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $5,058 |
| Average Assets, year-to-date | $524,204 |
| Average Assets, quarterly | $110,703 |
| Volatile liabilities | $510,434 |
| Insider loans | $550,787 |
| FHLB advances | $385,498 |
| Loans and leases held for sale | $549,922 |
| Unused loan commitments | $5,266 |
| Tier 1 (core) risk-based capital | $1,073 |
| Tier 2 risk-based capital | $39,868 |
| Total risk weighted assets | $2,321 |
| Total unused commitments | $1,872 |
| Restructured Loans and leases | $69,616 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $24,249 |
| Total interest expense | $4,432 |
| Net interest income | $19,817 |
| Provision for loan and lease losses | $795 |
| Total noninterest income | $5,759 |
| Fiduciary activities | $54 |
| Service charges on deposit accounts | $1,019 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $4,686 |
| Total noninterest expense | $15,026 |
| Salaries and employee benefits | $9,977 |
| Premises and equipment expense | $1,552 |
| Additional noninterest expense | $3,497 |
| Pre-tax net operating income | $9,755 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $618 |
| Income before extraordinary items | $9,137 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $9,137 |
| Net charge-offs | $0 |
| Cash dividends | $9,137 |
| Sale, conversion, retirement of capital stock, net | $297 |
| Net operating income | $5,185 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.18% |
| Cost of funding earning assets | 0.95% |
| Net interest margin | 4.23% |
| Noninterest income to earning assets | 1.23% |
| Noninterest expense to earning assets | 3.21% |
| Net operating income to assets | 1.79% |
| Return on assets (ROA) | 1.79% |
| Pretax return on assets | 1.91% |
| Return on equity (ROE) | 24.67% |
| Retained earnings to average equity (YTD only) | 10.67% |
| Net charge-offs to loans | 0.08% |
| Credit loss provision to net charge-offs | 267.68% |
| Efficiency ratio | 35.52% |
| Assets per employee | $58,614 |
| Cash dividends to net income (YTD only) | 3.31% |
| Condition Ratios (%) | |
| Loss allowance to loans | 56.75% |
| Loss allowance to noncurrent loans | 1.44% |
| Noncurrent assets plus other real estate owned to assets | 119.25% |
| Noncurrent loans to loans | 0.99% |
| Net loans and leases to deposits | 1.21% |
| Net loans and leases to core deposits | 73.67% |
| Equity capital to assets | 84.01% |
| Core capital (leverage) ratio | 7.31% |
| Tier 1 risk-based capital ratio | 7.25% |
| Total risk-based capital ratio | 10.34% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $510,434 |
| Average equity | $37,043 |
| Average loans | $468,350 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $17,942 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $17,711 |
| Employee benefit-defined contribution accounts | $9,435 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $2,678 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $5,598 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 74 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $2,678 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $231 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $231 |
| 12 North Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 9987 | Dakota Community Bank & Trust, National Association | 609 Main Street, Hebron, ND 58638 | January 01, 1940 | Full Service Brick and Mortar |  |
| 1 | 235095 | Taylor Branch | 123 Main Street, Taylor, ND 58656 | March 11, 1940 | Full Service Brick and Mortar |  |
| 2 | 6561 | Dickinson Branch (3rd Ave W) | 2284 3rd Ave W, Dickinson, ND 58601 | Febuary 01, 1910 | Full Service Brick and Mortar | |
| 3 | 222029 | New Leipzig Branch | 111 Main Street, New Leipzig, ND 58562 | May 08, 1995 | Full Service Brick and Mortar | |
| 4 | 235096 | Mandan Branch | 4321 Memorial Highway, Mandan, ND 58554 | November 18, 1997 | Full Service Brick and Mortar | |
| 5 | 235097 | Bismarck Branch | 1727 State Street, Bismarck, ND 58501 | July 29, 1999 | Full Service Brick and Mortar | |
| 6 | 419195 | Lincoln Branch | 66 Santee Road, Lincoln, ND 58504 | March 03, 2003 | Full Service Brick and Mortar | |
| 7 | 420140 | Glen Ullin Branch | 108 South Main Avenue, Glen Ullin, ND 58631 | August 11, 2003 | Full Service Brick and Mortar | |
| 8 | 426737 | Dickinson Branch | 14 3rd Avenue West, Dickinson, ND 58601 | March 02, 2004 | Full Service Brick and Mortar | |
| 9 | 426818 | Bowman Branch | 26 North Main Street, Bowman, ND 58623 | March 15, 2004 | Full Service Brick and Mortar | |
| 10 | 444499 | South Seventh Street Branch | 919 South Seventh Street, Bismarck, ND 58501 | August 02, 2005 | Full Service Brick and Mortar | |
| 11 | 509258 | Bismarck-Colorado Lane Branch | 3124 Colorado Lane, Bismarck, ND 58503 | May 13, 2010 | Limited Service Mobile | |
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