KodaBank in Drayton, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches


KodaBank - Overview

  • General
  • FDIC Certificate #: 8386
    Status: Active
    Federal Reserve ID: 803957
    Bank Holding Company (Regulatory Top Holder): Drayton Bancor, Inc. (RSSDID: 1126671, Location: Drayton, ND)
    Date Established: April 01, 1916
    WWW: http://www.kodabank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 5342
    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 01, 2010
    Last Structure Change Process Date: March 31, 2010
    Last Data Update: March 31, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 900 Main Street, Drayton, ND 58225
    County: Pembina
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Name Change
  • Financial Summary
  • Total assets: $87.5 mil
    Equity capital: $9.5 mil
    Deposits held in domestic offices: $76.6 mil
    Return on assets (ROA): 1.73% ($1.5 mil)
    Quarterly return on assets: 1.07% ($0.9 mil)
    Return on Equity (ROE): 15.43% ($1.5 mil)
    Quarterly return on equity: 9.48% ($0.9 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.85% ($1,618.9 mil)
    Quarterly Pretax return on assets: 1.14% ($997.6 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
  • 19Total employees (full-time equivalent)
  • $87,507Total assets
  • $5,419Cash and due from depository institutions
  • $1,744Interest-bearing balances
  • $18,006Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $61,039Net loans & leases
  • $747Loan loss allowance
  • $0Trading account assets
  • $659Bank premises and fixed assets
  • $0Other real estate owned
  • $574Goodwill and other intangibles
  • $87,507Life insurance assets
  • $1,810All other assets
  • $77,964Total liabilities and capital
  • $76,644Total liabilities
  • $57,900Total deposits
  • $76,644Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 700.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $620Subordinated debt
  • $9,543All other liabilities
  • $9,543Total equity capital
  • $9,543Total bank equity capital
  • $0Perpetual preferred stock
  • $550Common stock
  • $2,389Surplus
  • $6,604Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $665Income earned, not collected on loans
  • $57Earning assets
  • $1,485Long-term assets (5+ years)
  • $80,789Average Assets, year-to-date
  • $13,214Average Assets, quarterly
  • $83,882Volatile liabilities
  • $86,292Insider loans
  • $59,229FHLB advances
  • $86,114Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,590Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,620Restructured Loans and leases
  • $643Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,323Total interest income
  • $835Total interest expense
  • $3,488Net interest income
  • $400Provision for loan and lease losses
  • $281Total noninterest income
  • $0Fiduciary activities
  • $235Service charges on deposit accounts
  • $0Trading account gains & fees
  • $46Additional noninterest income
  • $1,817Total noninterest expense
  • $1,042Salaries and employee benefits
  • $169Premises and equipment expense
  • $606Additional noninterest expense
  • $1,552Pre-tax net operating income
  • $4Securities gains (losses)
  • $108Applicable income taxes
  • $1,448Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,448Net income attributable to bank
  • $0Net charge-offs
  • $1,448Cash dividends
  • $354Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.46%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 4.40%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 2.29%Noninterest expense to earning assets
  • 1.72%Net operating income to assets
  • 1.73%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 15.43%Return on equity (ROE)
  • 4.77%Retained earnings to average equity (YTD only)
  • 0.61%Net charge-offs to loans
  • 112.99%Credit loss provision to net charge-offs
  • 5.51%Efficiency ratio
  • 48,209Assets per employee
  • 4.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 69.06%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 112.33%Noncurrent assets plus other real estate owned to assets
  • 0.76%Noncurrent loans to loans
  • 1.08%Net loans and leases to deposits
  • 79.64%Net loans and leases to core deposits
  • 84.43%Equity capital to assets
  • 10.91%Core capital (leverage) ratio
  • 9.98%Tier 1 risk-based capital ratio
  • 14.50%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $83,882Average earning assets
  • $9,387Average equity
  • $79,185Average loans

List of branches

  • 2 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05342Kodabank900 Main Street, Drayton, ND 58225April 01, 1916Full Service Brick and Mortar
    111775Bank Of Minto Branch521 2nd Street, Minto, ND 58261January 01, 1881Full Service Brick and Mortar

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