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



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First State Bank of North Dakota routing number info

Table of contents:
First State Bank of North Dakota
GeneralFDIC 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
LocationAddress: 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 ChangesOffice Purchased
Financial SummaryTotal 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)
Total employees (full-time equivalent)80
Total assets$283,605
Cash and due from depository institutions$14,976
Interest-bearing balances$104
Securities$17,072
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$233,730
Loan loss allowance $2,456
Trading account assets$0
Bank premises and fixed assets$4,433
Other real estate owned$0
Goodwill and other intangibles$5,741
All other assets$7,653
Life insurance assets$283,605
Total liabilities and capital$253,064
Total liabilities$247,023
Total deposits$191,090
Interest-bearing deposits$247,023
Deposits held in domestic offices$80
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,000
Other borrowed funds $0
Subordinated debt $1,041
All other liabilities $30,541
Total equity capital$30,541
Total bank equity capital$30,541
Perpetual preferred stock$0
Common stock$100
Surplus$17,919
Undivided profits $12,522
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 $3,092
Earning assets $0
Long-term assets (5+ years) $5,089
Average Assets, year-to-date $250,906
Average Assets, quarterly $11,996
Volatile liabilities $278,645
Insider loans $283,394
FHLB advances $251,038
Loans and leases held for sale $270,926
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $24,642
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $63,028
Derivatives$331
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $14,640
Total interest expense $1,768
Net interest income $12,872
Provision for loan and lease losses $900
Total noninterest income $777
Fiduciary activities $0
Service charges on deposit accounts $436
Trading account gains & fees $0
Additional noninterest income $341
Total noninterest expense $8,444
Salaries and employee benefits $5,659
Premises and equipment expense $1,024
Additional noninterest expense $1,761
Pre-tax net operating income $4,305
Securities gains (losses) $0
Applicable income taxes $252
Income before extraordinary items $4,053
Extraordinary gains - net $0
Net income attributable to bank $4,053
Net charge-offs $0
Cash dividends $4,053
Sale, conversion, retirement of capital stock, net $480
Net operating income $2,435
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.79%
Cost of funding earning assets 0.70%
Net interest margin 5.09%
Noninterest income to earning assets 0.31%
Noninterest expense to earning assets 3.34%
Net operating income to assets 1.45%
Return on assets (ROA) 1.45%
Pretax return on assets 1.54%
Return on equity (ROE) 13.44%
Retained earnings to average equity (YTD only) 5.37%
Net charge-offs to loans 0.21%
Credit loss provision to net charge-offs 187.50%
Efficiency ratio10.84%
Assets per employee$60,964
Cash dividends to net income (YTD only)3.55%
Condition Ratios (%)
Loss allowance to loans 60.08%
Loss allowance to noncurrent loans 1.04%
Noncurrent assets plus other real estate owned to assets 79.43%
Noncurrent loans to loans 1.09%
Net loans and leases to deposits1.31%
Net loans and leases to core deposits 94.62%
Equity capital to assets 96.72%
Core capital (leverage) ratio 10.77%
Tier 1 risk-based capital ratio 9.10%
Total risk-based capital ratio 9.82%
Memoranda
Average assets$11
Average earning assets$278,645
Average equity $30,150
Average loans $252,695
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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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