Harwood State Bank in Harwood, North Dakota (ND)



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Harwood State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)6
Total assets$31,494
Cash and due from depository institutions$8,283
Interest-bearing balances$5,802
Securities$1,656
Federal funds sold & reverse repurchase agreements$2,550
Net loans & leases$17,522
Loan loss allowance $240
Trading account assets$0
Bank premises and fixed assets$1,092
Other real estate owned$41
Goodwill and other intangibles$0
All other assets$350
Life insurance assets$31,494
Total liabilities and capital$28,794
Total liabilities$27,907
Total deposits$20,226
Interest-bearing deposits$27,907
Deposits held in domestic offices$100
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$790
Other borrowed funds $0
Subordinated debt $97
All other liabilities $2,700
Total equity capital$2,700
Total bank equity capital$2,700
Perpetual preferred stock$0
Common stock$100
Surplus$1,300
Undivided profits $1,300
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 $0
Earning assets $0
Long-term assets (5+ years) $212
Average Assets, year-to-date $27,530
Average Assets, quarterly $4,918
Volatile liabilities $31,302
Insider loans $31,513
FHLB advances $20,607
Loans and leases held for sale $31,170
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,687
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,084
Derivatives$169
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,177
Total interest expense $221
Net interest income $956
Provision for loan and lease losses $110
Total noninterest income $108
Fiduciary activities $0
Service charges on deposit accounts $86
Trading account gains & fees $0
Additional noninterest income $22
Total noninterest expense $900
Salaries and employee benefits $471
Premises and equipment expense $215
Additional noninterest expense $214
Pre-tax net operating income $54
Securities gains (losses) $0
Applicable income taxes -$9
Income before extraordinary items $63
Extraordinary gains - net $0
Net income attributable to bank $63
Net charge-offs $0
Cash dividends $63
Sale, conversion, retirement of capital stock, net $16
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.20%
Cost of funding earning assets 0.79%
Net interest margin 3.41%
Noninterest income to earning assets 0.39%
Noninterest expense to earning assets 3.21%
Net operating income to assets 0.20%
Return on assets (ROA) 0.20%
Pretax return on assets 0.17%
Return on equity (ROE) 2.39%
Retained earnings to average equity (YTD only) 2.39%
Net charge-offs to loans 0.09%
Credit loss provision to net charge-offs 687.50%
Efficiency ratio10.25%
Assets per employee$84,586
Cash dividends to net income (YTD only)5.25%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.35%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.13%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 62.79%
Equity capital to assets 62.79%
Core capital (leverage) ratio 8.57%
Tier 1 risk-based capital ratio 8.62%
Total risk-based capital ratio 13.04%
Memoranda
Average assets$14
Average earning assets$31,302
Average equity $2,639
Average loans $28,030
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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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