First State Bank of Cando in Cando, North Dakota (ND)



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First State Bank of Cando routing number info

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First State Bank of Cando
GeneralFDIC Certificate #: 15471
Status: Active
Federal Reserve ID: 918655
Bank Holding Company (Regulatory Top Holder): Cando Holding Company, Inc. (RSSDID: 1143922, Location: Cando, ND)
Date Established: January 01, 1888
WWW: http://www.firststatebankcando.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 #: 9777
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, 1937
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
LocationAddress: 415 Main Street, Cando, ND 58324
County: Towner
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $49.1 mil
Equity capital: $5.0 mil
Deposits held in domestic offices: $43.6 mil
Return on assets (ROA): 0.70% ($0.3 mil)
Quarterly return on assets: 0.89% ($0.4 mil)
Return on Equity (ROE): 7.52% ($0.4 mil)
Quarterly return on equity: 8.73% ($0.4 mil)
Net income: $0.3 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.75% ($368.6 mil)
Quarterly Pretax return on assets: 0.93% ($457.0 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)14
Total assets$49,142
Cash and due from depository institutions$1,985
Interest-bearing balances$1,171
Securities$16,177
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$29,632
Loan loss allowance $343
Trading account assets$0
Bank premises and fixed assets$334
Other real estate owned$112
Goodwill and other intangibles$0
All other assets$902
Life insurance assets$49,142
Total liabilities and capital$44,184
Total liabilities$43,645
Total deposits$34,543
Interest-bearing deposits$43,645
Deposits held in domestic offices$88
% insured (estimated)175.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$220
Other borrowed funds $0
Subordinated debt $144
All other liabilities $4,958
Total equity capital$4,958
Total bank equity capital$4,958
Perpetual preferred stock$0
Common stock$1,000
Surplus$2,600
Undivided profits $1,358
Memoranda
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 $1,042
Earning assets $0
Long-term assets (5+ years) $469
Average Assets, year-to-date $46,980
Average Assets, quarterly $15,305
Volatile liabilities $48,684
Insider loans $48,359
FHLB advances $32,861
Loans and leases held for sale $48,606
Unused loan commitments $60
Tier 1 (core) risk-based capital $60
Tier 2 risk-based capital $4,431
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,570
Derivatives$931
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,118
Total interest expense $329
Net interest income $1,789
Provision for loan and lease losses $105
Total noninterest income $127
Fiduciary activities $0
Service charges on deposit accounts $52
Trading account gains & fees $0
Additional noninterest income $75
Total noninterest expense $1,444
Salaries and employee benefits $834
Premises and equipment expense $128
Additional noninterest expense $482
Pre-tax net operating income $367
Securities gains (losses) $0
Applicable income taxes $24
Income before extraordinary items $343
Extraordinary gains - net $0
Net income attributable to bank $343
Net charge-offs $0
Cash dividends $343
Sale, conversion, retirement of capital stock, net $226
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.60%
Cost of funding earning assets 0.71%
Net interest margin 3.88%
Noninterest income to earning assets 0.28%
Noninterest expense to earning assets 3.13%
Net operating income to assets 0.70%
Return on assets (ROA) 0.70%
Pretax return on assets 0.75%
Return on equity (ROE) 7.52%
Retained earnings to average equity (YTD only) 7.52%
Net charge-offs to loans 0.77%
Credit loss provision to net charge-offs 46.46%
Efficiency ratio2.09%
Assets per employee$75,365
Cash dividends to net income (YTD only)3.51%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.14%
Noncurrent assets plus other real estate owned to assets 32.92%
Noncurrent loans to loans 2.35%
Net loans and leases to deposits3.48%
Net loans and leases to core deposits 67.89%
Equity capital to assets 68.52%
Core capital (leverage) ratio 10.09%
Tier 1 risk-based capital ratio 9.12%
Total risk-based capital ratio 13.48%
Memoranda
Average assets$15
Average earning assets$48,684
Average equity $4,558
Average loans $46,084
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3 North Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09777First State Bank Of Cando415 Main Street, Cando, ND 58324January 01, 1888Full Service Brick and Mortar
1234043Paying And Receiving BranchMain Street, Bisbee, ND 58317July 10, 1967Full Service Brick and Mortar
2234044Paying And Receiving BranchMain Street, Rocklake, ND 58365August 21, 1967Full Service Brick and Mortar
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