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


First State Bank of North Dakota - Overview

  • General
  • FDIC Certificate #: 8387
    Status: Active
    Federal Reserve ID: 721350
    Bank Holding Company (Regulatory Top Holder): First Financial Corporation (RSSDID: 1128040, Location: Arthur, ND)
    Date Established: January 01, 1905
    WWW: http://www.fsbnd.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 15880
    FDIC's unique #: 5343
    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: December 04, 2010
    Last Structure Change Process Date: Febuary 01, 2011
    Last Data Update: Febuary 01, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 340 Main Street, Arthur, ND 58006
    County: Cass
    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
    Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520)
    Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
    Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020)
    CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $283.6 mil
    Equity capital: $30.5 mil
    Deposits held in domestic offices: $247.0 mil
    Return on assets (ROA): 1.45% ($4.1 mil)
    Quarterly return on assets: 1.74% ($4.9 mil)
    Return on Equity (ROE): 13.44% ($4.2 mil)
    Quarterly return on equity: 15.98% ($5.0 mil)
    Net income: $4.1 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 1.54% ($4,367.5 mil)
    Quarterly Pretax return on assets: 1.83% ($5,190.0 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
  • 80Total employees (full-time equivalent)
  • $283,605Total assets
  • $14,976Cash and due from depository institutions
  • $104Interest-bearing balances
  • $17,072Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $233,730Net loans & leases
  • $2,456Loan loss allowance
  • $0Trading account assets
  • $4,433Bank premises and fixed assets
  • $0Other real estate owned
  • $5,741Goodwill and other intangibles
  • $283,605Life insurance assets
  • $7,653All other assets
  • $253,064Total liabilities and capital
  • $247,023Total liabilities
  • $191,090Total deposits
  • $247,023Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $1,041Subordinated debt
  • $30,541All other liabilities
  • $30,541Total equity capital
  • $30,541Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $17,919Surplus
  • $12,522Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,092Income earned, not collected on loans
  • $0Earning assets
  • $5,089Long-term assets (5+ years)
  • $250,906Average Assets, year-to-date
  • $11,996Average Assets, quarterly
  • $278,645Volatile liabilities
  • $283,394Insider loans
  • $251,038FHLB advances
  • $270,926Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,642Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $63,028Restructured Loans and leases
  • $331Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,640Total interest income
  • $1,768Total interest expense
  • $12,872Net interest income
  • $900Provision for loan and lease losses
  • $777Total noninterest income
  • $0Fiduciary activities
  • $436Service charges on deposit accounts
  • $0Trading account gains & fees
  • $341Additional noninterest income
  • $8,444Total noninterest expense
  • $5,659Salaries and employee benefits
  • $1,024Premises and equipment expense
  • $1,761Additional noninterest expense
  • $4,305Pre-tax net operating income
  • $0Securities gains (losses)
  • $252Applicable income taxes
  • $4,053Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,053Net income attributable to bank
  • $0Net charge-offs
  • $4,053Cash dividends
  • $480Sale, conversion, retirement of capital stock, net
  • $2,435Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.79%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 5.09%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 3.34%Noninterest expense to earning assets
  • 1.45%Net operating income to assets
  • 1.45%Return on assets (ROA)
  • 1.54%Pretax return on assets
  • 13.44%Return on equity (ROE)
  • 5.37%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 187.50%Credit loss provision to net charge-offs
  • 10.84%Efficiency ratio
  • 60,964Assets per employee
  • 3.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.08%Loss allowance to loans
  • 1.04%Loss allowance to noncurrent loans
  • 79.43%Noncurrent assets plus other real estate owned to assets
  • 1.09%Noncurrent loans to loans
  • 1.31%Net loans and leases to deposits
  • 94.62%Net loans and leases to core deposits
  • 96.72%Equity capital to assets
  • 10.77%Core capital (leverage) ratio
  • 9.10%Tier 1 risk-based capital ratio
  • 9.82%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $278,645Average earning assets
  • $30,150Average equity
  • $252,695Average loans

List of branches

  • 10 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05343First State Bank Of North Dakota340 Main Street, Arthur, ND 58006January 01, 1905Full Service Brick and Mortar
    110147Buffalo Branch2 Main Street, Buffalo, ND 58011January 01, 1885Full Service Brick and Mortar
    2266323Casselton Branch41 Langer Avenue South, Casselton, ND 58012January 01, 1880Full Service Brick and Mortar
    38423Lamoure Branch100 First Avenue, S.W., La Moure, ND 58458July 30, 1931Full Service Brick and Mortar
    45837Marion Branch204 4th Main Avenue, Marion, ND 58466January 01, 1928Full Service Brick and Mortar
    6229490Oakes Branch620 Main Avenue, Oakes, ND 58474June 30, 1997Full Service Brick and Mortar
    7229308Fort Ransom Branch105 East Main Street, Fort Ransom, ND 58033June 26, 1995Full Service Brick and Mortar
    8462485Lisbon Branch502 Main Street, Lisbon, ND 58054April 09, 2007Full Service Brick and Mortar
    9488167Enderlin Branch318 Railway Street, Enderlin, ND 58027Febuary 16, 2009Full Service Brick and Mortar
    10229307Sheldon Branch118 Fowler Street, Sheldon, ND 58068March 15, 1993Full Service Brick and Mortar

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