Kindred State Bank in Kindred, North Dakota (ND)



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Kindred State Bank routing number info

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Kindred State Bank
GeneralFDIC Certificate #: 8946
Status: Active
Federal Reserve ID: 816751
Date Established: December 01, 1898
WWW: http://www.kindredstatebank.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 #: 5713
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: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 411 Elm Street, Kindred, ND 58051
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $22.5 mil
Equity capital: $1.9 mil
Deposits held in domestic offices: $20.6 mil
Return on assets (ROA): 0.64% ($0.1 mil)
Quarterly return on assets: 1.65% ($0.4 mil)
Return on Equity (ROE): 8.55% ($0.2 mil)
Quarterly return on equity: 20.53% ($0.4 mil)
Net income: $0.1 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.69% ($155.1 mil)
Quarterly Pretax return on assets: 1.74% ($391.2 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$22,481
Cash and due from depository institutions$3,643
Interest-bearing balances$976
Securities$5,814
Federal funds sold & reverse repurchase agreements$2,500
Net loans & leases$9,767
Loan loss allowance $138
Trading account assets$0
Bank premises and fixed assets$391
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$366
Life insurance assets$22,481
Total liabilities and capital$20,620
Total liabilities$20,586
Total deposits$15,679
Interest-bearing deposits$20,586
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $34
All other liabilities $1,861
Total equity capital$1,861
Total bank equity capital$1,861
Perpetual preferred stock$0
Common stock$100
Surplus$950
Undivided profits $811
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 $416
Earning assets $174
Long-term assets (5+ years) $195
Average Assets, year-to-date $19,057
Average Assets, quarterly $5,239
Volatile liabilities $22,653
Insider loans $22,745
FHLB advances $11,873
Loans and leases held for sale $24,533
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $1,847
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,376
Derivatives$2
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $872
Total interest expense $113
Net interest income $759
Provision for loan and lease losses -$40
Total noninterest income $217
Fiduciary activities $0
Service charges on deposit accounts $58
Trading account gains & fees $0
Additional noninterest income $159
Total noninterest expense $874
Salaries and employee benefits $518
Premises and equipment expense $73
Additional noninterest expense $283
Pre-tax net operating income $142
Securities gains (losses) $15
Applicable income taxes $12
Income before extraordinary items $145
Extraordinary gains - net $0
Net income attributable to bank $145
Net charge-offs $0
Cash dividends $145
Sale, conversion, retirement of capital stock, net -$60
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 assets4.43%
Cost of funding earning assets 0.57%
Net interest margin 3.85%
Noninterest income to earning assets 1.10%
Noninterest expense to earning assets 4.44%
Net operating income to assets 0.58%
Return on assets (ROA) 0.64%
Pretax return on assets 0.69%
Return on equity (ROE) 8.55%
Retained earnings to average equity (YTD only) 8.55%
Net charge-offs to loans -0.67%
Credit loss provision to net charge-offs 66.67%
Efficiency ratio0.00%
Assets per employee$89,549
Cash dividends to net income (YTD only)3.75%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.39%
Noncurrent assets plus other real estate owned to assets 33.17%
Noncurrent loans to loans 1.85%
Net loans and leases to deposits4.20%
Net loans and leases to core deposits 47.44%
Equity capital to assets 48.03%
Core capital (leverage) ratio 8.28%
Tier 1 risk-based capital ratio 7.53%
Total risk-based capital ratio 15.56%
Memoranda
Average assets$17
Average earning assets$22,653
Average equity $1,696
Average loans $19,694
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1 North Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05713Kindred State Bank411 Elm Street, Kindred, ND 58051December 01, 1898Full Service Brick and Mortar
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