Farmers State Bank of Crosby, N. D. in Crosby, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers State Bank of Crosby, N. D. - Overview

  • General
  • FDIC Certificate #: 14353
    Status: Active
    Federal Reserve ID: 924656
    Bank Holding Company (Regulatory Top Holder): Hanisch Bankshares, Ltd. (RSSDID: 1127865, Location: Crosby, ND)
    Date Established: June 07, 1919
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 8969
    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: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 E Central Ave, Crosby, ND 58730
    County: Divide
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $69.2 mil
    Equity capital: $6.6 mil
    Deposits held in domestic offices: $62.5 mil
    Return on assets (ROA): 0.64% ($0.4 mil)
    Quarterly return on assets: 0.60% ($0.4 mil)
    Return on Equity (ROE): 5.79% ($0.4 mil)
    Quarterly return on equity: 5.85% ($0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.68% ($470.8 mil)
    Quarterly Pretax return on assets: 0.64% ($443.1 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, 2011)

  • Dollar figures in thousands
  • 10Total employees (full-time equivalent)
  • $69,236Total assets
  • $13,730Cash and due from depository institutions
  • $11,498Interest-bearing balances
  • $43,208Securities
  • $6,300Federal funds sold & reverse repurchase agreements
  • $5,464Net loans & leases
  • $401Loan loss allowance
  • $0Trading account assets
  • $159Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $69,236Life insurance assets
  • $375All other assets
  • $62,660Total liabilities and capital
  • $62,533Total liabilities
  • $40,174Total deposits
  • $62,533Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $127Subordinated debt
  • $6,576All other liabilities
  • $6,576Total equity capital
  • $6,576Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $1,700Surplus
  • $4,576Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $268Long-term assets (5+ years)
  • $66,470Average Assets, year-to-date
  • $34,736Average Assets, quarterly
  • $59,082Volatile liabilities
  • $64,779Insider loans
  • $29,978FHLB advances
  • $64,575Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,701Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $629Restructured Loans and leases
  • $57Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,500Total interest income
  • $154Total interest expense
  • $1,346Net interest income
  • $0Provision for loan and lease losses
  • $69Total noninterest income
  • $0Fiduciary activities
  • $20Service charges on deposit accounts
  • $0Trading account gains & fees
  • $49Additional noninterest income
  • $1,011Total noninterest expense
  • $584Salaries and employee benefits
  • $108Premises and equipment expense
  • $319Additional noninterest expense
  • $404Pre-tax net operating income
  • $0Securities gains (losses)
  • $26Applicable income taxes
  • $378Income before extraordinary items
  • $0Extraordinary gains - net
  • $378Net income attributable to bank
  • $0Net charge-offs
  • $378Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $700Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.64%Yield on earning assets
  • 0.27%Cost of funding earning assets
  • 2.37%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 1.78%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 5.79%Return on equity (ROE)
  • -4.93%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 71,449Assets per employee
  • 6.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 185.19%Loss allowance to loans
  • 6.84%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 8.74%Net loans and leases to core deposits
  • 8.74%Equity capital to assets
  • 9.50%Core capital (leverage) ratio
  • 8.83%Tier 1 risk-based capital ratio
  • 19.02%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $59,082Average earning assets
  • $6,531Average equity
  • $56,773Average loans

List of branches

  • 2 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08969Farmers State Bank Of Crosby, N. D.111 E Central Ave, Crosby, ND 58730June 07, 1919Full Service Brick and Mortar
    1231357Noonan Community Center Branch603 Main Street South And Heuer Parkway, Noonan, ND 58765September 12, 1966Full Service Brick and Mortar

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