Grant County State Bank in Carson, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches


Grant County State Bank - Overview

  • General
  • FDIC Certificate #: 9417
    Status: Active
    Federal Reserve ID: 983158
    Bank Holding Company (Regulatory Top Holder): Grant County Bancorporation, Inc. (RSSDID: 1136371, Location: Carson, ND)
    Date Established: August 29, 1913
    WWW: http://www.grantcountystatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 6049
    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: March 31, 2006
    Last Structure Change Process Date: June 07, 2010
    Last Data Update: June 07, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 202 S Main Street, Carson, ND 58529
    County: Grant
    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
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $30.3 mil
    Equity capital: $3.0 mil
    Deposits held in domestic offices: $27.3 mil
    Return on assets (ROA): 1.04% ($0.3 mil)
    Quarterly return on assets: 0.30% ($0.1 mil)
    Return on Equity (ROE): 10.20% ($0.3 mil)
    Quarterly return on equity: 2.85% ($0.1 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 1.12% ($339.9 mil)
    Quarterly Pretax return on assets: 0.60% ($182.1 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
  • 7Total employees (full-time equivalent)
  • $30,347Total assets
  • $6,241Cash and due from depository institutions
  • $4,628Interest-bearing balances
  • $0Securities
  • $5,000Federal funds sold & reverse repurchase agreements
  • $18,161Net loans & leases
  • $239Loan loss allowance
  • $0Trading account assets
  • $46Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $30,347Life insurance assets
  • $899All other assets
  • $27,310Total liabilities and capital
  • $27,272Total liabilities
  • $21,725Total deposits
  • $27,272Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $38Subordinated debt
  • $3,037All other liabilities
  • $3,037Total equity capital
  • $3,037Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $1,800Surplus
  • $1,037Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8Income earned, not collected on loans
  • $0Earning assets
  • $302Long-term assets (5+ years)
  • $27,789Average Assets, year-to-date
  • $2,314Average Assets, quarterly
  • $29,655Volatile liabilities
  • $29,815Insider loans
  • $19,989FHLB advances
  • $30,270Loans and leases held for sale
  • $531Unused loan commitments
  • $531Tier 1 (core) risk-based capital
  • $3,037Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,399Restructured Loans and leases
  • $88Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,196Total interest income
  • $165Total interest expense
  • $1,031Net interest income
  • $0Provision for loan and lease losses
  • $112Total noninterest income
  • $0Fiduciary activities
  • $70Service charges on deposit accounts
  • $0Trading account gains & fees
  • $42Additional noninterest income
  • $812Total noninterest expense
  • $493Salaries and employee benefits
  • $126Premises and equipment expense
  • $193Additional noninterest expense
  • $331Pre-tax net operating income
  • $0Securities gains (losses)
  • $23Applicable income taxes
  • $308Income before extraordinary items
  • $0Extraordinary gains - net
  • $308Net income attributable to bank
  • $0Net charge-offs
  • $308Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $225Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.38%Yield on earning assets
  • 0.60%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 1.04%Net operating income to assets
  • 1.04%Return on assets (ROA)
  • 1.12%Pretax return on assets
  • 10.20%Return on equity (ROE)
  • 2.75%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
  • 71,041Assets per employee
  • 4.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 73.05%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 2987.50%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 66.59%Net loans and leases to core deposits
  • 72.84%Equity capital to assets
  • 10.01%Core capital (leverage) ratio
  • 10.03%Tier 1 risk-based capital ratio
  • 15.19%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $29,655Average earning assets
  • $3,020Average equity
  • $27,332Average loans

List of branches

  • 2 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06049Grant County State Bank202 S Main Street, Carson, ND 58529August 29, 1913Full Service Brick and Mortar
    1220108Paying And Receiving Branch100 Main, Flasher, ND 58535July 01, 1961Full Service Brick and Mortar

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