First State Bank in Buxton, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank - Overview

  • General
  • FDIC Certificate #: 15539
    Status: Active
    Federal Reserve ID: 917050
    Bank Holding Company (Regulatory Top Holder): Full Service Insurance Agency, Inc. (RSSDID: 1123858, Location: Buxton, ND)
    Date Established: January 01, 1885
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 9834
    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: 425 Broadway, Buxton, ND 58218
    County: Traill
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $145.5 mil
    Equity capital: $14.7 mil
    Deposits held in domestic offices: $110.6 mil
    Return on assets (ROA): 1.19% ($1.7 mil)
    Quarterly return on assets: 0.51% ($0.7 mil)
    Return on Equity (ROE): 11.81% ($1.8 mil)
    Quarterly return on equity: 4.99% ($0.7 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.27% ($1,847.7 mil)
    Quarterly Pretax return on assets: 0.63% ($916.6 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
  • 29Total employees (full-time equivalent)
  • $145,486Total assets
  • $4,539Cash and due from depository institutions
  • $137Interest-bearing balances
  • $7,472Securities
  • $900Federal funds sold & reverse repurchase agreements
  • $127,106Net loans & leases
  • $1,622Loan loss allowance
  • $0Trading account assets
  • $1,672Bank premises and fixed assets
  • $331Other real estate owned
  • $0Goodwill and other intangibles
  • $145,486Life insurance assets
  • $3,466All other assets
  • $130,835Total liabilities and capital
  • $110,612Total liabilities
  • $90,229Total deposits
  • $110,612Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,391Trading liabilities
  • $0Other borrowed funds
  • $832Subordinated debt
  • $14,651All other liabilities
  • $14,651Total equity capital
  • $14,651Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $6,175Surplus
  • $8,226Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,657Income earned, not collected on loans
  • $0Earning assets
  • $1,194Long-term assets (5+ years)
  • $135,615Average Assets, year-to-date
  • $25,862Average Assets, quarterly
  • $141,207Volatile liabilities
  • $144,804Insider loans
  • $131,177FHLB advances
  • $146,242Loans and leases held for sale
  • $756Unused loan commitments
  • $756Tier 1 (core) risk-based capital
  • $14,613Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $26,520Restructured Loans and leases
  • $2,235Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,145Total interest income
  • $1,582Total interest expense
  • $5,563Net interest income
  • $300Provision for loan and lease losses
  • $609Total noninterest income
  • $0Fiduciary activities
  • $144Service charges on deposit accounts
  • $0Trading account gains & fees
  • $465Additional noninterest income
  • $4,072Total noninterest expense
  • $2,558Salaries and employee benefits
  • $419Premises and equipment expense
  • $1,095Additional noninterest expense
  • $1,800Pre-tax net operating income
  • $0Securities gains (losses)
  • $120Applicable income taxes
  • $1,680Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,680Net income attributable to bank
  • $0Net charge-offs
  • $1,680Cash dividends
  • $34Sale, conversion, retirement of capital stock, net
  • $675Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 4.19%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 1.19%Net operating income to assets
  • 1.19%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 11.81%Return on equity (ROE)
  • 7.06%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 882.35%Credit loss provision to net charge-offs
  • 61.76%Efficiency ratio
  • 65,975Assets per employee
  • 5.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.18%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 61.05%Noncurrent assets plus other real estate owned to assets
  • 2.05%Noncurrent loans to loans
  • 2.06%Net loans and leases to deposits
  • 114.91%Net loans and leases to core deposits
  • 137.82%Equity capital to assets
  • 10.07%Core capital (leverage) ratio
  • 9.99%Tier 1 risk-based capital ratio
  • 11.14%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $141,207Average earning assets
  • $14,230Average equity
  • $132,856Average loans

List of branches

  • 3 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09834First State Bank425 Broadway, Buxton, ND 58218January 01, 1885Full Service Brick and Mortar
    1234503Paying And Receiving Branch620 Broadway Street, Thompson, ND 58278September 27, 1937Full Service Brick and Mortar
    2234504Grand Forks Branch2500 32nd Avenue, South, Grand Forks, ND 58201Febuary 18, 1997Full Service Brick and Mortar

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