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

First State Bank of Golva - Overview

  • General
  • FDIC Certificate #: 10243
    Status: Active
    Federal Reserve ID: 931159
    Date Established: June 01, 1914
    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 #: 6566
    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: April 01, 1934
    Last Structure Change Effective Date: July 10, 2007
    Last Structure Change Process Date: July 11, 2007
    Last Data Update: July 11, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 410 Terrell Ave, Golva, ND 58632
    County: Golden Valley
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $68.8 mil
    Equity capital: $6.4 mil
    Deposits held in domestic offices: $62.2 mil
    Return on assets (ROA): 1.57% ($1.1 mil)
    Quarterly return on assets: 1.23% ($0.8 mil)
    Return on Equity (ROE): 16.67% ($1.0 mil)
    Quarterly return on equity: 13.11% ($0.8 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.69% ($1,162.1 mil)
    Quarterly Pretax return on assets: 1.32% ($907.7 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
  • 9Total employees (full-time equivalent)
  • $68,764Total assets
  • $11,719Cash and due from depository institutions
  • $248Interest-bearing balances
  • $22,458Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $33,690Net loans & leases
  • $276Loan loss allowance
  • $0Trading account assets
  • $42Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $68,764Life insurance assets
  • $855All other assets
  • $62,392Total liabilities and capital
  • $62,171Total liabilities
  • $50,610Total deposits
  • $62,171Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $221Subordinated debt
  • $6,372All other liabilities
  • $6,372Total equity capital
  • $6,372Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $1,950Surplus
  • $4,372Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9Income earned, not collected on loans
  • $0Earning assets
  • $718Long-term assets (5+ years)
  • $56,396Average Assets, year-to-date
  • $30,856Average Assets, quarterly
  • $60,580Volatile liabilities
  • $66,063Insider loans
  • $40,629FHLB advances
  • $67,642Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,502Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,837Restructured Loans and leases
  • $836Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,512Total interest income
  • $314Total interest expense
  • $2,198Net interest income
  • $82Provision for loan and lease losses
  • $128Total noninterest income
  • $0Fiduciary activities
  • $78Service charges on deposit accounts
  • $0Trading account gains & fees
  • $50Additional noninterest income
  • $1,220Total noninterest expense
  • $776Salaries and employee benefits
  • $140Premises and equipment expense
  • $304Additional noninterest expense
  • $1,024Pre-tax net operating income
  • $0Securities gains (losses)
  • $71Applicable income taxes
  • $953Income before extraordinary items
  • $0Extraordinary gains - net
  • $953Net income attributable to bank
  • $0Net charge-offs
  • $953Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 0.60%Cost of funding earning assets
  • 4.21%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 2.34%Noninterest expense to earning assets
  • 1.57%Net operating income to assets
  • 1.57%Return on assets (ROA)
  • 1.69%Pretax return on assets
  • 16.67%Return on equity (ROE)
  • 11.42%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 52,451Assets per employee
  • 7.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.48%Loss allowance to loans
  • 0.81%Loss allowance to noncurrent loans
  • 3066.67%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 54.19%Net loans and leases to core deposits
  • 56.29%Equity capital to assets
  • 9.27%Core capital (leverage) ratio
  • 8.13%Tier 1 risk-based capital ratio
  • 13.54%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $60,580Average earning assets
  • $5,717Average equity
  • $52,197Average loans

List of branches

  • 3 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06566First State Bank Of Golva410 Terrell Ave, Golva, ND 58632June 01, 1914Full Service Brick and Mortar
    1360633Beach Branch123 1st Avenue, Se, Beach, ND 58621August 01, 1996Full Service Brick and Mortar
    2362627Medora Branch365 3rd Avenue, Medora, ND 58645September 14, 2001Full Service Brick and Mortar

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