First Security Bank - West in Beulah, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Bank - West - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Summary
  • Total 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
  • 9Total employees (full-time equivalent)
  • $62,096Total assets
  • $19,658Cash and due from depository institutions
  • $16,049Interest-bearing balances
  • $21,069Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $19,341Net loans & leases
  • $828Loan loss allowance
  • $0Trading account assets
  • $496Bank premises and fixed assets
  • $565Other real estate owned
  • $0Goodwill and other intangibles
  • $62,096Life insurance assets
  • $967All other assets
  • $53,085Total liabilities and capital
  • $49,892Total liabilities
  • $37,176Total deposits
  • $49,892Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 3000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $193Subordinated debt
  • $9,011All other liabilities
  • $9,011Total equity capital
  • $9,011Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $4,090Surplus
  • $4,321Undivided 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
  • $359Long-term assets (5+ years)
  • $56,459Average Assets, year-to-date
  • $13,027Average Assets, quarterly
  • $78,956Volatile liabilities
  • $72,147Insider loans
  • $32,912FHLB advances
  • $64,248Loans and leases held for sale
  • $466Unused loan commitments
  • $200Tier 1 (core) risk-based capital
  • $8,328Tier 2 risk-based capital
  • $66Total risk weighted assets
  • $200Total unused commitments
  • $3,207Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,105Total interest income
  • $247Total interest expense
  • $2,858Net interest income
  • $0Provision for loan and lease losses
  • $1,351Total noninterest income
  • $0Fiduciary activities
  • $109Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,242Additional noninterest income
  • $1,882Total noninterest expense
  • $813Salaries and employee benefits
  • $194Premises and equipment expense
  • $875Additional noninterest expense
  • $2,327Pre-tax net operating income
  • -$181Securities gains (losses)
  • $121Applicable income taxes
  • $2,025Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,025Net income attributable to bank
  • $0Net charge-offs
  • $2,025Cash dividends
  • -$49Sale, conversion, retirement of capital stock, net
  • $2,350Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.22%Yield on earning assets
  • 0.34%Cost of funding earning assets
  • 3.88%Net interest margin
  • 1.84%Noninterest income to earning assets
  • 2.56%Noninterest expense to earning assets
  • 2.78%Net operating income to assets
  • 2.56%Return on assets (ROA)
  • 2.72%Pretax return on assets
  • 21.56%Return on equity (ROE)
  • -3.46%Retained earnings to average equity (YTD only)
  • -0.17%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 44,714Assets per employee
  • 6.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 116.05%Loss allowance to loans
  • 4.11%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.91%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 38.77%Net loans and leases to core deposits
  • 38.77%Equity capital to assets
  • 14.51%Core capital (leverage) ratio
  • 12.96%Tier 1 risk-based capital ratio
  • 25.30%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $78,956Average earning assets
  • $9,393Average equity
  • $73,604Average loans

List of branches

  • 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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