Lakeside State Bank in New Town, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

Lakeside State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 30Total employees (full-time equivalent)
  • $223,523Total assets
  • $49,923Cash and due from depository institutions
  • $25,306Interest-bearing balances
  • $90,549Securities
  • $4,000Federal funds sold & reverse repurchase agreements
  • $72,442Net loans & leases
  • $738Loan loss allowance
  • $0Trading account assets
  • $1,670Bank premises and fixed assets
  • $0Other real estate owned
  • $595Goodwill and other intangibles
  • $223,523Life insurance assets
  • $4,344All other assets
  • $204,798Total liabilities and capital
  • $201,817Total liabilities
  • $149,984Total deposits
  • $201,817Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 1958.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,023Subordinated debt
  • $18,725All other liabilities
  • $18,725Total equity capital
  • $18,725Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $8,103Surplus
  • $10,322Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $331Income earned, not collected on loans
  • $0Earning assets
  • $1,577Long-term assets (5+ years)
  • $192,297Average Assets, year-to-date
  • $59,403Average Assets, quarterly
  • $200,520Volatile liabilities
  • $216,479Insider loans
  • $104,115FHLB advances
  • $214,585Loans and leases held for sale
  • $2,134Unused loan commitments
  • $1,062Tier 1 (core) risk-based capital
  • $16,530Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,072Total unused commitments
  • $16,253Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,334Total interest income
  • $763Total interest expense
  • $5,571Net interest income
  • $194Provision for loan and lease losses
  • $616Total noninterest income
  • $0Fiduciary activities
  • $206Service charges on deposit accounts
  • $0Trading account gains & fees
  • $410Additional noninterest income
  • $2,970Total noninterest expense
  • $1,780Salaries and employee benefits
  • $272Premises and equipment expense
  • $918Additional noninterest expense
  • $3,023Pre-tax net operating income
  • $60Securities gains (losses)
  • $190Applicable income taxes
  • $2,893Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,893Net income attributable to bank
  • $0Net charge-offs
  • $2,893Cash dividends
  • $182Sale, conversion, retirement of capital stock, net
  • $896Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.81%Yield on earning assets
  • 0.46%Cost of funding earning assets
  • 3.35%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 1.79%Noninterest expense to earning assets
  • 1.41%Net operating income to assets
  • 1.44%Return on assets (ROA)
  • 1.54%Pretax return on assets
  • 16.73%Return on equity (ROE)
  • 11.55%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 106.59%Credit loss provision to net charge-offs
  • 17.68%Efficiency ratio
  • 48,004Assets per employee
  • 7.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.97%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 222.96%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 35.89%Net loans and leases to core deposits
  • 37.99%Equity capital to assets
  • 8.38%Core capital (leverage) ratio
  • 7.70%Tier 1 risk-based capital ratio
  • 15.88%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $200,520Average earning assets
  • $17,287Average equity
  • $166,243Average loans

List of branches

  • 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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