Heartland State Bank in Edgeley, North Dakota (ND)



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Heartland State Bank routing number info

Table of contents:
Heartland State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)16
Total assets$56,384
Cash and due from depository institutions$6,675
Interest-bearing balances$4,047
Securities$12,368
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$33,540
Loan loss allowance $448
Trading account assets$0
Bank premises and fixed assets$503
Other real estate owned$0
Goodwill and other intangibles$908
All other assets$2,390
Life insurance assets$56,384
Total liabilities and capital$49,809
Total liabilities$46,568
Total deposits$34,413
Interest-bearing deposits$46,568
Deposits held in domestic offices$98
% insured (estimated)1000.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,000
Other borrowed funds $0
Subordinated debt $241
All other liabilities $6,575
Total equity capital$6,575
Total bank equity capital$6,575
Perpetual preferred stock$0
Common stock$150
Surplus$4,463
Undivided profits $1,962
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) $605
Average Assets, year-to-date $49,955
Average Assets, quarterly $8,476
Volatile liabilities $57,027
Insider loans $56,239
FHLB advances $38,384
Loans and leases held for sale $56,021
Unused loan commitments $1,288
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,236
Total risk weighted assets $0
Total unused commitments $1,288
Restructured Loans and leases $7,786
Derivatives$71
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,293
Total interest expense $402
Net interest income $1,891
Provision for loan and lease losses $90
Total noninterest income $142
Fiduciary activities $0
Service charges on deposit accounts $79
Trading account gains & fees $0
Additional noninterest income $63
Total noninterest expense $1,479
Salaries and employee benefits $965
Premises and equipment expense $198
Additional noninterest expense $316
Pre-tax net operating income $464
Securities gains (losses) $0
Applicable income taxes $32
Income before extraordinary items $432
Extraordinary gains - net $0
Net income attributable to bank $432
Net charge-offs $0
Cash dividends $432
Sale, conversion, retirement of capital stock, net $44
Net operating income $500
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.44%
Cost of funding earning assets 0.78%
Net interest margin 3.66%
Noninterest income to earning assets 0.28%
Noninterest expense to earning assets 2.87%
Net operating income to assets 0.76%
Return on assets (ROA) 0.76%
Pretax return on assets 0.81%
Return on equity (ROE) 6.61%
Retained earnings to average equity (YTD only) -1.04%
Net charge-offs to loans 0.14%
Credit loss provision to net charge-offs 204.55%
Efficiency ratio12.59%
Assets per employee$72,750
Cash dividends to net income (YTD only)3.52%
Condition Ratios (%)
Loss allowance to loans 115.74%
Loss allowance to noncurrent loans 1.32%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 72.02%
Equity capital to assets 75.70%
Core capital (leverage) ratio 11.66%
Tier 1 risk-based capital ratio 9.35%
Total risk-based capital ratio 13.64%
Memoranda
Average assets$15
Average earning assets$57,027
Average equity $6,533
Average loans $51,606
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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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