Liberty State Bank in Powers Lake, North Dakota (ND)



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Liberty State Bank routing number info

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Liberty State Bank
GeneralFDIC Certificate #: 17096
Status: Active
Federal Reserve ID: 883351
Bank Holding Company (Regulatory Top Holder): Liberty Bancorporation, Inc. (RSSDID: 1126569, Location: Powers Lake, ND)
Date Established: April 17, 1952
WWW: http://www.libertystateplnd.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)
OTS Docket #: 15708
FDIC's unique #: 11145
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: April 17, 1952
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: 111 Main Ave, Powers Lake, ND 58773
County: Burke
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 ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $56.7 mil
Equity capital: $5.3 mil
Deposits held in domestic offices: $49.3 mil
Return on assets (ROA): 2.17% ($1.2 mil)
Quarterly return on assets: 2.08% ($1.2 mil)
Return on Equity (ROE): 24.37% ($1.2 mil)
Quarterly return on equity: 23.15% ($1.2 mil)
Net income: $1.1 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 2.33% ($1,322.2 mil)
Quarterly Pretax return on assets: 2.20% ($1,248.4 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)11
Total assets$56,746
Cash and due from depository institutions$1,540
Interest-bearing balances$313
Securities$23,189
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$30,746
Loan loss allowance $360
Trading account assets$0
Bank premises and fixed assets$52
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,219
Life insurance assets$56,746
Total liabilities and capital$51,459
Total liabilities$49,294
Total deposits$36,329
Interest-bearing deposits$49,294
Deposits held in domestic offices$90
% insured (estimated)550.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,100
Other borrowed funds $0
Subordinated debt $515
All other liabilities $5,287
Total equity capital$5,287
Total bank equity capital$5,287
Perpetual preferred stock$0
Common stock$200
Surplus$1,400
Undivided profits $3,687
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) $582
Average Assets, year-to-date $54,248
Average Assets, quarterly $16,282
Volatile liabilities $52,528
Insider loans $57,070
FHLB advances $35,333
Loans and leases held for sale $58,133
Unused loan commitments $406
Tier 1 (core) risk-based capital $406
Tier 2 risk-based capital $4,689
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,912
Derivatives$300
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,381
Total interest expense $357
Net interest income $2,024
Provision for loan and lease losses $3
Total noninterest income $127
Fiduciary activities $0
Service charges on deposit accounts $42
Trading account gains & fees $0
Additional noninterest income $85
Total noninterest expense $926
Salaries and employee benefits $577
Premises and equipment expense $60
Additional noninterest expense $289
Pre-tax net operating income $1,222
Securities gains (losses) $1
Applicable income taxes $81
Income before extraordinary items $1,142
Extraordinary gains - net $0
Net income attributable to bank $1,142
Net charge-offs $0
Cash dividends $1,142
Sale, conversion, retirement of capital stock, net $3
Net operating income $535
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.75%
Cost of funding earning assets 0.71%
Net interest margin 4.04%
Noninterest income to earning assets 0.25%
Noninterest expense to earning assets 1.85%
Net operating income to assets 2.17%
Return on assets (ROA) 2.17%
Pretax return on assets 2.33%
Return on equity (ROE) 24.37%
Retained earnings to average equity (YTD only) 12.95%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 100.00%
Efficiency ratio408.33%
Assets per employee$43,050
Cash dividends to net income (YTD only)5.16%
Condition Ratios (%)
Loss allowance to loans 46.85%
Loss allowance to noncurrent loans 1.16%
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 62.37%
Equity capital to assets 63.28%
Core capital (leverage) ratio 9.32%
Tier 1 risk-based capital ratio 8.07%
Total risk-based capital ratio 13.27%
Memoranda
Average assets$14
Average earning assets$52,528
Average equity $4,686
Average loans $50,129
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1 North Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
011145Liberty State Bank111 Main Ave, Powers Lake, ND 58773April 17, 1952Full Service Brick and Mortar
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