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

This bank is inactive as of November 02, 2001

  • First State Bank Langdon in Langdon, North Dakota (ND)
  • Show street view No street view available for this location

First State Bank Langdon - Overview

  • General
  • FDIC Certificate #: 16163
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Choice Financial Group (#9423)
    Federal Reserve ID: 864556
    Date Established: March 28, 1905
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 13143
    FDIC's unique #: 10373
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 28, 1944
    Last Structure Change Effective Date: November 02, 2001
    Last Structure Change Process Date: November 15, 2001
    Last Data Update: November 15, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 210 Eighth Avenue, Langdon, ND 58249
    County: Cavalier
    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
  • Financial Summary
  • Total assets: $69.1 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $71,135Total assets
  • $4,907Cash and due from depository institutions
  • $297Interest-bearing balances
  • $20,834Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $43,457Net loans & leases
  • $913Loan loss allowance
  • $0Trading account assets
  • $458Bank premises and fixed assets
  • $49Other real estate owned
  • $22Goodwill and other intangibles
  • $0Life insurance assets
  • $1,408All other assets
  • $71,135Total liabilities and capital
  • $65,017Total liabilities
  • $56,974Total deposits
  • $47,005Interest-bearing deposits
  • $56,974Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,234Other borrowed funds
  • $0Subordinated debt
  • $709All other liabilities
  • $6,118Total equity capital
  • $6,118Total bank equity capital
  • $6,118Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $1,799Undivided profits
  • Memoranda
  • $3,319Noncurrent loans and leases
  • $6,966Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,861Earning assets
  • $0Long-term assets (5+ years)
  • $1,083Average Assets, year-to-date
  • $64,588Average Assets, quarterly
  • $14,724Volatile liabilities
  • $67,981Insider loans
  • $69,651FHLB advances
  • $13,323Loans and leases held for sale
  • $864Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,966Total unused commitments
  • $0Restructured Loans and leases
  • $658Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $5,107Total interest income
  • $2,670Total interest expense
  • $2,437Net interest income
  • $260Provision for loan and lease losses
  • $123Total noninterest income
  • $0Fiduciary activities
  • $51Service charges on deposit accounts
  • $0Trading account gains & fees
  • $72Additional noninterest income
  • $1,599Total noninterest expense
  • $943Salaries and employee benefits
  • $194Premises and equipment expense
  • $462Additional noninterest expense
  • $701Pre-tax net operating income
  • -$5Securities gains (losses)
  • $49Applicable income taxes
  • $647Income before extraordinary items
  • $0Extraordinary gains - net
  • $647Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $138Sale, conversion, retirement of capital stock, net
  • $630Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.10%Yield on earning assets
  • 4.23%Cost of funding earning assets
  • 3.86%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 2.54%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 11.20%Return on equity (ROE)
  • 0.29%Retained earnings to average equity (YTD only)
  • 0.33%Net charge-offs to loans
  • 188.41%Credit loss provision to net charge-offs
  • 6.96%Efficiency ratio
  • 62,227Assets per employee
  • 2.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 97.37%Loss allowance to loans
  • 2.06%Loss allowance to noncurrent loans
  • 49.06%Noncurrent assets plus other real estate owned to assets
  • 2.69%Noncurrent loans to loans
  • 4.19%Net loans and leases to deposits
  • 76.28%Net loans and leases to core deposits
  • 88.17%Equity capital to assets
  • 8.60%Core capital (leverage) ratio
  • 8.95%Tier 1 risk-based capital ratio
  • 11.58%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $67,981Average earning assets
  • $5,776Average equity
  • $63,073Average loans

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 State Bank Langdon.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents