First State Bank in city_name, state_name - Detailed Financial Reports, Location

First State Bank in Buxton, North Dakota (ND)
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First State Bank routing number info

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
WWW: http://www.firststatebanks.com
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

No	ID	Name	Address	Established	Service Type
0	9834	First State Bank	425 Broadway, Buxton, ND 58218	January 01, 1885	Full Service Brick and Mortar
1	234503	Paying And Receiving Branch	620 Broadway Street, Thompson, ND 58278	September 27, 1937	Full Service Brick and Mortar
2	234504	Grand Forks Branch	2500 32nd Avenue, South, Grand Forks, ND 58201	Febuary 18, 1997	Full Service Brick and Mortar

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

First State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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