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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Harwood State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents