Lakeside State Bank in New Town, North Dakota (ND)

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Lakeside State Bank
GeneralFDIC Certificate #: 17165
Status: Active
Federal Reserve ID: 879457
Bank Holding Company (Regulatory Top Holder): Lakeside Bank Holding Company (RSSDID: 1124462, Location: New Town, ND)
Date Established: July 01, 1952
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 11200
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 02, 1953
Last Structure Change Effective Date: March 01, 2008
Last Structure Change Process Date: March 11, 2008
Last Data Update: March 11, 2008
Data Source Date: April 05, 2012
LocationAddress: 323 Main Street, New Town, ND 58763
County: Mountrail
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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $223.5 mil
Equity capital: $18.7 mil
Deposits held in domestic offices: $201.8 mil
Return on assets (ROA): 1.44% ($3.2 mil)
Quarterly return on assets: 1.28% ($2.9 mil)
Return on Equity (ROE): 16.73% ($3.2 mil)
Quarterly return on equity: 15.10% ($2.9 mil)
Net income: $2.9 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 1.54% ($3,442.3 mil)
Quarterly Pretax return on assets: 1.35% ($3,017.6 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)
Total employees (full-time equivalent)30
Total assets$223,523
Cash and due from depository institutions$49,923
Interest-bearing balances$25,306
Federal funds sold & reverse repurchase agreements$4,000
Net loans & leases$72,442
Loan loss allowance $738
Trading account assets$0
Bank premises and fixed assets$1,670
Other real estate owned$0
Goodwill and other intangibles$595
All other assets$4,344
Life insurance assets$223,523
Total liabilities and capital$204,798
Total liabilities$201,817
Total deposits$149,984
Interest-bearing deposits$201,817
Deposits held in domestic offices$78
% insured (estimated)1958.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,023
All other liabilities $18,725
Total equity capital$18,725
Total bank equity capital$18,725
Perpetual preferred stock$0
Common stock$300
Undivided profits $10,322
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 $331
Earning assets $0
Long-term assets (5+ years) $1,577
Average Assets, year-to-date $192,297
Average Assets, quarterly $59,403
Volatile liabilities $200,520
Insider loans $216,479
FHLB advances $104,115
Loans and leases held for sale $214,585
Unused loan commitments $2,134
Tier 1 (core) risk-based capital $1,062
Tier 2 risk-based capital $16,530
Total risk weighted assets $0
Total unused commitments $1,072
Restructured Loans and leases $16,253
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,334
Total interest expense $763
Net interest income $5,571
Provision for loan and lease losses $194
Total noninterest income $616
Fiduciary activities $0
Service charges on deposit accounts $206
Trading account gains & fees $0
Additional noninterest income $410
Total noninterest expense $2,970
Salaries and employee benefits $1,780
Premises and equipment expense $272
Additional noninterest expense $918
Pre-tax net operating income $3,023
Securities gains (losses) $60
Applicable income taxes $190
Income before extraordinary items $2,893
Extraordinary gains - net $0
Net income attributable to bank $2,893
Net charge-offs $0
Cash dividends $2,893
Sale, conversion, retirement of capital stock, net $182
Net operating income $896
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.81%
Cost of funding earning assets 0.46%
Net interest margin 3.35%
Noninterest income to earning assets 0.37%
Noninterest expense to earning assets 1.79%
Net operating income to assets 1.41%
Return on assets (ROA) 1.44%
Pretax return on assets 1.54%
Return on equity (ROE) 16.73%
Retained earnings to average equity (YTD only) 11.55%
Net charge-offs to loans 0.25%
Credit loss provision to net charge-offs 106.59%
Efficiency ratio17.68%
Assets per employee$48,004
Cash dividends to net income (YTD only)7.45%
Condition Ratios (%)
Loss allowance to loans 30.97%
Loss allowance to noncurrent loans 1.01%
Noncurrent assets plus other real estate owned to assets 222.96%
Noncurrent loans to loans 0.15%
Net loans and leases to deposits0.45%
Net loans and leases to core deposits 35.89%
Equity capital to assets 37.99%
Core capital (leverage) ratio 8.38%
Tier 1 risk-based capital ratio 7.70%
Total risk-based capital ratio 15.88%
Average assets$17
Average earning assets$200,520
Average equity $17,287
Average loans $166,243
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5 North Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
011200Lakeside State Bank323 Main Street, New Town, ND 58763July 01, 1952Full Service Brick and Mortar
1240756Detached Facility323 Main Street, New Town, ND 58763September 26, 1981Limited Service Facility
25339Peoples Bank And Trust BranchMain Street, Parshall, ND 58770April 13, 1914Full Service Brick and Mortar
3218366Paying And Receiving BranchMain Street, Makoti, ND 58756December 19, 1936Full Service Brick and Mortar
4218367Paying And Receiving BranchPlaza Station, Plaza, ND 58771September 15, 1955Full Service Brick and Mortar
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