Dakota Heritage Bank of North Dakota in Hunter, North Dakota (ND)

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Dakota Heritage Bank of North Dakota
GeneralFDIC Certificate #: 16231
Status: Active
Federal Reserve ID: 860352
Bank Holding Company (Regulatory Top Holder): Hunter Holding Company (RSSDID: 1125674, Location: Hunter, ND)
Date Established: Febuary 08, 1945
WWW: http://www.dhbanknd.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Domestic: 8, Interstate: No)
FDIC's unique #: 10428
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: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: Febuary 08, 1945
Last Structure Change Effective Date: March 20, 2009
Last Structure Change Process Date: April 07, 2009
Last Data Update: April 07, 2009
Data Source Date: April 05, 2012
LocationAddress: 109 Main Street, Hunter, ND 58048
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 ChangesParticipated in Absorption/Consolidation/Merger
Change in Location
Financial SummaryTotal assets: $126.1 mil
Equity capital: $12.2 mil
Deposits held in domestic offices: $113.3 mil
Return on assets (ROA): 1.55% ($2.0 mil)
Quarterly return on assets: 1.72% ($2.2 mil)
Return on Equity (ROE): 15.96% ($1.9 mil)
Quarterly return on equity: 17.41% ($2.1 mil)
Net income: $1.9 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.66% ($2,093.0 mil)
Quarterly Pretax return on assets: 1.93% ($2,433.5 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)33
Total assets$126,087
Cash and due from depository institutions$11,267
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$5,000
Net loans & leases$81,892
Loan loss allowance $1,064
Trading account assets$0
Bank premises and fixed assets$802
Other real estate owned$0
Goodwill and other intangibles$1,272
All other assets$2,054
Life insurance assets$126,087
Total liabilities and capital$113,866
Total liabilities$113,258
Total deposits$89,782
Interest-bearing deposits$113,258
Deposits held in domestic offices$90
% insured (estimated)184.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $424
All other liabilities $12,221
Total equity capital$12,221
Total bank equity capital$12,221
Perpetual preferred stock$0
Common stock$100
Undivided profits $5,374
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 $41
Earning assets $0
Long-term assets (5+ years) $1,725
Average Assets, year-to-date $110,692
Average Assets, quarterly $19,082
Volatile liabilities $120,402
Insider loans $122,936
FHLB advances $90,125
Loans and leases held for sale $124,030
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $10,248
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $16,245
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,476
Total interest expense $922
Net interest income $4,554
Provision for loan and lease losses $105
Total noninterest income $519
Fiduciary activities $0
Service charges on deposit accounts $202
Trading account gains & fees $0
Additional noninterest income $317
Total noninterest expense $2,968
Salaries and employee benefits $1,895
Premises and equipment expense $248
Additional noninterest expense $825
Pre-tax net operating income $2,000
Securities gains (losses) $0
Applicable income taxes $137
Income before extraordinary items $1,863
Extraordinary gains - net $0
Net income attributable to bank $1,863
Net charge-offs $0
Cash dividends $1,863
Sale, conversion, retirement of capital stock, net $19
Net operating income $1,225
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.10%
Cost of funding earning assets 0.86%
Net interest margin 4.24%
Noninterest income to earning assets 0.48%
Noninterest expense to earning assets 2.76%
Net operating income to assets 1.55%
Return on assets (ROA) 1.55%
Pretax return on assets 1.66%
Return on equity (ROE) 15.96%
Retained earnings to average equity (YTD only) 5.47%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 552.63%
Efficiency ratio110.79%
Assets per employee$57,895
Cash dividends to net income (YTD only)3.82%
Condition Ratios (%)
Loss allowance to loans 65.75%
Loss allowance to noncurrent loans 1.28%
Noncurrent assets plus other real estate owned to assets 2595.12%
Noncurrent loans to loans 0.03%
Net loans and leases to deposits0.05%
Net loans and leases to core deposits 72.31%
Equity capital to assets 73.35%
Core capital (leverage) ratio 9.69%
Tier 1 risk-based capital ratio 8.26%
Total risk-based capital ratio 11.37%
Average assets$13
Average earning assets$120,402
Average equity $11,673
Average loans $107,463
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8 North Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010428Dakota Heritage Bank Of North Dakota109 Main Street, Hunter, ND 58048Febuary 08, 1945Full Service Brick and Mortar
1237638Paying And Receiving BranchDakota Avenue, Galesburg, ND 58035September 16, 1968Full Service Brick and Mortar
2237639Paying And Receiving BranchMain Street, Grandin, ND 58038January 01, 1992Full Service Brick and Mortar
3362599Hillsboro Branch7 West Caledonia, Hillsboro, ND 58045December 03, 2001Full Service Brick and Mortar
55844First State Bank Of Hope BranchMain Street, Hope, ND 58046January 01, 1911Full Service Brick and Mortar
66050Dakota Heritage Bank BranchMain Street, Gackle, ND 58442September 01, 1905Full Service Brick and Mortar
7249180Jud BranchMain Street, Jud, ND 58454April 25, 1983Full Service Brick and Mortar
89433State Bank Of Streeter BranchMain Street, Streeter, ND 58483January 01, 1909Full Service Brick and Mortar
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