First Security Bank - West in Beulah, North Dakota (ND)



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First Security Bank - West routing number info

Table of contents:
First Security Bank - West
GeneralFDIC Certificate #: 10253
Status: Active
Federal Reserve ID: 969059
Bank Holding Company (Regulatory Top Holder): Beulah Bancorporation, Inc. (RSSDID: 1919976, Location: Sioux Falls, SD)
Date Established: January 01, 1915
WWW: http://www.firstsecuritybanks.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 1, Interstate: No)
OTS Docket #: 12319
FDIC's unique #: 6573
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: May 05, 2008
Last Structure Change Process Date: May 05, 2008
Last Data Update: May 05, 2008
Data Source Date: April 05, 2012
LocationAddress: 100 East Main Street, Beulah, ND 58523
County: Mercer
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: $62.1 mil
Equity capital: $9.0 mil
Deposits held in domestic offices: $49.9 mil
Return on assets (ROA): 2.56% ($1.6 mil)
Quarterly return on assets: 6.55% ($4.1 mil)
Return on Equity (ROE): 21.56% ($1.9 mil)
Quarterly return on equity: 49.63% ($4.5 mil)
Net income: $2.0 mil
Quarterly Net income: $1.2 mil
Pretax return on assets: 2.72% ($1,689.0 mil)
Quarterly Pretax return on assets: 6.96% ($4,321.9 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)9
Total assets$62,096
Cash and due from depository institutions$19,658
Interest-bearing balances$16,049
Securities$21,069
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$19,341
Loan loss allowance $828
Trading account assets$0
Bank premises and fixed assets$496
Other real estate owned$565
Goodwill and other intangibles$0
All other assets$967
Life insurance assets$62,096
Total liabilities and capital$53,085
Total liabilities$49,892
Total deposits$37,176
Interest-bearing deposits$49,892
Deposits held in domestic offices$87
% insured (estimated)3000.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $193
All other liabilities $9,011
Total equity capital$9,011
Total bank equity capital$9,011
Perpetual preferred stock$0
Common stock$600
Surplus$4,090
Undivided profits $4,321
Memoranda
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 $0
Earning assets $0
Long-term assets (5+ years) $359
Average Assets, year-to-date $56,459
Average Assets, quarterly $13,027
Volatile liabilities $78,956
Insider loans $72,147
FHLB advances $32,912
Loans and leases held for sale $64,248
Unused loan commitments $466
Tier 1 (core) risk-based capital $200
Tier 2 risk-based capital $8,328
Total risk weighted assets $66
Total unused commitments $200
Restructured Loans and leases $3,207
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,105
Total interest expense $247
Net interest income $2,858
Provision for loan and lease losses $0
Total noninterest income $1,351
Fiduciary activities $0
Service charges on deposit accounts $109
Trading account gains & fees $0
Additional noninterest income $1,242
Total noninterest expense $1,882
Salaries and employee benefits $813
Premises and equipment expense $194
Additional noninterest expense $875
Pre-tax net operating income $2,327
Securities gains (losses) -$181
Applicable income taxes $121
Income before extraordinary items $2,025
Extraordinary gains - net $0
Net income attributable to bank $2,025
Net charge-offs $0
Cash dividends $2,025
Sale, conversion, retirement of capital stock, net -$49
Net operating income $2,350
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.22%
Cost of funding earning assets 0.34%
Net interest margin 3.88%
Noninterest income to earning assets 1.84%
Noninterest expense to earning assets 2.56%
Net operating income to assets 2.78%
Return on assets (ROA) 2.56%
Pretax return on assets 2.72%
Return on equity (ROE) 21.56%
Retained earnings to average equity (YTD only) -3.46%
Net charge-offs to loans -0.17%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$44,714
Cash dividends to net income (YTD only)6.90%
Condition Ratios (%)
Loss allowance to loans 116.05%
Loss allowance to noncurrent loans 4.11%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.91%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 38.77%
Equity capital to assets 38.77%
Core capital (leverage) ratio 14.51%
Tier 1 risk-based capital ratio 12.96%
Total risk-based capital ratio 25.30%
Memoranda
Average assets$27
Average earning assets$78,956
Average equity $9,393
Average loans $73,604
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2 North Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06573First Security Bank - West100 East Main Street, Beulah, ND 58523January 01, 1915Full Service Brick and Mortar
15716Robinson Branch101 South Main, Robinson, ND 58478May 16, 1922Full Service Brick and Mortar
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