Liberty State Bank in Powers Lake, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

Liberty State Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 11Total employees (full-time equivalent)
  • $56,746Total assets
  • $1,540Cash and due from depository institutions
  • $313Interest-bearing balances
  • $23,189Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $30,746Net loans & leases
  • $360Loan loss allowance
  • $0Trading account assets
  • $52Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $56,746Life insurance assets
  • $1,219All other assets
  • $51,459Total liabilities and capital
  • $49,294Total liabilities
  • $36,329Total deposits
  • $49,294Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 550.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,100Trading liabilities
  • $0Other borrowed funds
  • $515Subordinated debt
  • $5,287All other liabilities
  • $5,287Total equity capital
  • $5,287Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $1,400Surplus
  • $3,687Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $582Long-term assets (5+ years)
  • $54,248Average Assets, year-to-date
  • $16,282Average Assets, quarterly
  • $52,528Volatile liabilities
  • $57,070Insider loans
  • $35,333FHLB advances
  • $58,133Loans and leases held for sale
  • $406Unused loan commitments
  • $406Tier 1 (core) risk-based capital
  • $4,689Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,912Restructured Loans and leases
  • $300Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,381Total interest income
  • $357Total interest expense
  • $2,024Net interest income
  • $3Provision for loan and lease losses
  • $127Total noninterest income
  • $0Fiduciary activities
  • $42Service charges on deposit accounts
  • $0Trading account gains & fees
  • $85Additional noninterest income
  • $926Total noninterest expense
  • $577Salaries and employee benefits
  • $60Premises and equipment expense
  • $289Additional noninterest expense
  • $1,222Pre-tax net operating income
  • $1Securities gains (losses)
  • $81Applicable income taxes
  • $1,142Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,142Net income attributable to bank
  • $0Net charge-offs
  • $1,142Cash dividends
  • $3Sale, conversion, retirement of capital stock, net
  • $535Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 1.85%Noninterest expense to earning assets
  • 2.17%Net operating income to assets
  • 2.17%Return on assets (ROA)
  • 2.33%Pretax return on assets
  • 24.37%Return on equity (ROE)
  • 12.95%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 408.33%Efficiency ratio
  • 43,050Assets per employee
  • 5.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.85%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 62.37%Net loans and leases to core deposits
  • 63.28%Equity capital to assets
  • 9.32%Core capital (leverage) ratio
  • 8.07%Tier 1 risk-based capital ratio
  • 13.27%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $52,528Average earning assets
  • $4,686Average equity
  • $50,129Average loans

List of branches

  • 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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