Harwood State Bank in Harwood, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches


Harwood State Bank - Overview

  • General
  • FDIC Certificate #: 9128
    Status: Active
    Federal Reserve ID: 813059
    Bank Holding Company (Regulatory Top Holder): Hsb Financial Corp. (RSSDID: 2234210, Location: Harwood, ND)
    Date Established: July 14, 1919
    WWW: http://www.harwoodstatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 5843
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 18, 2008
    Last Structure Change Process Date: October 27, 2008
    Last Data Update: October 27, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 501 Dakota Avenue, Harwood, ND 58042
    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
  • Change in Location
  • Financial Summary
  • Total assets: $31.5 mil
    Equity capital: $2.7 mil
    Deposits held in domestic offices: $27.9 mil
    Return on assets (ROA): 0.20% ($0.1 mil)
    Quarterly return on assets: 0.67% ($0.2 mil)
    Return on Equity (ROE): 2.39% ($0.1 mil)
    Quarterly return on equity: 7.93% ($0.2 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.17% ($53.5 mil)
    Quarterly Pretax return on assets: 0.52% ($163.8 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
  • 6Total employees (full-time equivalent)
  • $31,494Total assets
  • $8,283Cash and due from depository institutions
  • $5,802Interest-bearing balances
  • $1,656Securities
  • $2,550Federal funds sold & reverse repurchase agreements
  • $17,522Net loans & leases
  • $240Loan loss allowance
  • $0Trading account assets
  • $1,092Bank premises and fixed assets
  • $41Other real estate owned
  • $0Goodwill and other intangibles
  • $31,494Life insurance assets
  • $350All other assets
  • $28,794Total liabilities and capital
  • $27,907Total liabilities
  • $20,226Total deposits
  • $27,907Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $790Trading liabilities
  • $0Other borrowed funds
  • $97Subordinated debt
  • $2,700All other liabilities
  • $2,700Total equity capital
  • $2,700Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $1,300Surplus
  • $1,300Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $212Long-term assets (5+ years)
  • $27,530Average Assets, year-to-date
  • $4,918Average Assets, quarterly
  • $31,302Volatile liabilities
  • $31,513Insider loans
  • $20,607FHLB advances
  • $31,170Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,687Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,084Restructured Loans and leases
  • $169Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,177Total interest income
  • $221Total interest expense
  • $956Net interest income
  • $110Provision for loan and lease losses
  • $108Total noninterest income
  • $0Fiduciary activities
  • $86Service charges on deposit accounts
  • $0Trading account gains & fees
  • $22Additional noninterest income
  • $900Total noninterest expense
  • $471Salaries and employee benefits
  • $215Premises and equipment expense
  • $214Additional noninterest expense
  • $54Pre-tax net operating income
  • $0Securities gains (losses)
  • -$9Applicable income taxes
  • $63Income before extraordinary items
  • $0Extraordinary gains - net
  • $63Net income attributable to bank
  • $0Net charge-offs
  • $63Cash dividends
  • $16Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.20%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 3.41%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 3.21%Noninterest expense to earning assets
  • 0.20%Net operating income to assets
  • 0.20%Return on assets (ROA)
  • 0.17%Pretax return on assets
  • 2.39%Return on equity (ROE)
  • 2.39%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 687.50%Credit loss provision to net charge-offs
  • 10.25%Efficiency ratio
  • 84,586Assets per employee
  • 5.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.13%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 62.79%Net loans and leases to core deposits
  • 62.79%Equity capital to assets
  • 8.57%Core capital (leverage) ratio
  • 8.62%Tier 1 risk-based capital ratio
  • 13.04%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $31,302Average earning assets
  • $2,639Average equity
  • $28,030Average loans

List of branches

  • 1 North Dakota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05843Harwood State Bank501 Dakota Avenue, Harwood, ND 58042July 14, 1919Full Service Brick and Mortar

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