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

Show street view No street view available for this location

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
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
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
Undivided profits $4,321
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
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Average assets$27
Average earning assets$78,956
Average equity $9,393
Average loans $73,604
Back to page top, Back to table top

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
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Security Bank - West.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.