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

  • Heartland State Bank in Edgeley, North Dakota (ND)
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Heartland State Bank - Overview

  • General
  • FDIC Certificate #: 3919
    Status: Active
    Federal Reserve ID: 837653
    Bank Holding Company (Regulatory Top Holder): Jbs, Inc. (RSSDID: 1134966, Location: Kulm, ND)
    Date Established: January 01, 1921
    WWW: http://www.heartlandstatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 10272
    FDIC's unique #: 2555
    Numeric code: 13
    Regulator: FED
    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: June 01, 2010
    Last Structure Change Process Date: June 01, 2010
    Last Data Update: June 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 401 Main Street, Edgeley, ND 58433
    County: Lamoure
    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
  • Financial Summary
  • Total assets: $56.4 mil
    Equity capital: $6.6 mil
    Deposits held in domestic offices: $46.6 mil
    Return on assets (ROA): 0.76% ($0.4 mil)
    Quarterly return on assets: 0.80% ($0.4 mil)
    Return on Equity (ROE): 6.61% ($0.5 mil)
    Quarterly return on equity: 6.80% ($0.5 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.81% ($456.7 mil)
    Quarterly Pretax return on assets: 0.87% ($490.5 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
  • 16Total employees (full-time equivalent)
  • $56,384Total assets
  • $6,675Cash and due from depository institutions
  • $4,047Interest-bearing balances
  • $12,368Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $33,540Net loans & leases
  • $448Loan loss allowance
  • $0Trading account assets
  • $503Bank premises and fixed assets
  • $0Other real estate owned
  • $908Goodwill and other intangibles
  • $56,384Life insurance assets
  • $2,390All other assets
  • $49,809Total liabilities and capital
  • $46,568Total liabilities
  • $34,413Total deposits
  • $46,568Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 1000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $241Subordinated debt
  • $6,575All other liabilities
  • $6,575Total equity capital
  • $6,575Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $4,463Surplus
  • $1,962Undivided 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
  • $605Long-term assets (5+ years)
  • $49,955Average Assets, year-to-date
  • $8,476Average Assets, quarterly
  • $57,027Volatile liabilities
  • $56,239Insider loans
  • $38,384FHLB advances
  • $56,021Loans and leases held for sale
  • $1,288Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,236Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,288Total unused commitments
  • $7,786Restructured Loans and leases
  • $71Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,293Total interest income
  • $402Total interest expense
  • $1,891Net interest income
  • $90Provision for loan and lease losses
  • $142Total noninterest income
  • $0Fiduciary activities
  • $79Service charges on deposit accounts
  • $0Trading account gains & fees
  • $63Additional noninterest income
  • $1,479Total noninterest expense
  • $965Salaries and employee benefits
  • $198Premises and equipment expense
  • $316Additional noninterest expense
  • $464Pre-tax net operating income
  • $0Securities gains (losses)
  • $32Applicable income taxes
  • $432Income before extraordinary items
  • $0Extraordinary gains - net
  • $432Net income attributable to bank
  • $0Net charge-offs
  • $432Cash dividends
  • $44Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.44%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 3.66%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.87%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 6.61%Return on equity (ROE)
  • -1.04%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 204.55%Credit loss provision to net charge-offs
  • 12.59%Efficiency ratio
  • 72,750Assets per employee
  • 3.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 115.74%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 72.02%Net loans and leases to core deposits
  • 75.70%Equity capital to assets
  • 11.66%Core capital (leverage) ratio
  • 9.35%Tier 1 risk-based capital ratio
  • 13.64%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $57,027Average earning assets
  • $6,533Average equity
  • $51,606Average loans

List of branches

  • 3 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02555Heartland State Bank401 Main Street, Edgeley, ND 58433January 01, 1921Full Service Brick and Mortar
    11358Kulm State BankMain Street, Kulm, ND 58456January 01, 1907Full Service Brick and Mortar
    2190812Paying And Receiving Branch107 Main Street, Fredonia, ND 58440March 15, 1938Limited Service Facility

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