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

First State Bank of Cando - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 14Total employees (full-time equivalent)
  • $49,142Total assets
  • $1,985Cash and due from depository institutions
  • $1,171Interest-bearing balances
  • $16,177Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $29,632Net loans & leases
  • $343Loan loss allowance
  • $0Trading account assets
  • $334Bank premises and fixed assets
  • $112Other real estate owned
  • $0Goodwill and other intangibles
  • $49,142Life insurance assets
  • $902All other assets
  • $44,184Total liabilities and capital
  • $43,645Total liabilities
  • $34,543Total deposits
  • $43,645Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 175.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $220Trading liabilities
  • $0Other borrowed funds
  • $144Subordinated debt
  • $4,958All other liabilities
  • $4,958Total equity capital
  • $4,958Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $2,600Surplus
  • $1,358Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,042Income earned, not collected on loans
  • $0Earning assets
  • $469Long-term assets (5+ years)
  • $46,980Average Assets, year-to-date
  • $15,305Average Assets, quarterly
  • $48,684Volatile liabilities
  • $48,359Insider loans
  • $32,861FHLB advances
  • $48,606Loans and leases held for sale
  • $60Unused loan commitments
  • $60Tier 1 (core) risk-based capital
  • $4,431Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,570Restructured Loans and leases
  • $931Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,118Total interest income
  • $329Total interest expense
  • $1,789Net interest income
  • $105Provision for loan and lease losses
  • $127Total noninterest income
  • $0Fiduciary activities
  • $52Service charges on deposit accounts
  • $0Trading account gains & fees
  • $75Additional noninterest income
  • $1,444Total noninterest expense
  • $834Salaries and employee benefits
  • $128Premises and equipment expense
  • $482Additional noninterest expense
  • $367Pre-tax net operating income
  • $0Securities gains (losses)
  • $24Applicable income taxes
  • $343Income before extraordinary items
  • $0Extraordinary gains - net
  • $343Net income attributable to bank
  • $0Net charge-offs
  • $343Cash dividends
  • $226Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.60%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 3.88%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • 0.70%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 7.52%Return on equity (ROE)
  • 7.52%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 46.46%Credit loss provision to net charge-offs
  • 2.09%Efficiency ratio
  • 75,365Assets per employee
  • 3.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 32.92%Noncurrent assets plus other real estate owned to assets
  • 2.35%Noncurrent loans to loans
  • 3.48%Net loans and leases to deposits
  • 67.89%Net loans and leases to core deposits
  • 68.52%Equity capital to assets
  • 10.09%Core capital (leverage) ratio
  • 9.12%Tier 1 risk-based capital ratio
  • 13.48%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $48,684Average earning assets
  • $4,558Average equity
  • $46,084Average loans

List of branches

  • 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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