McKenzie County Bank in Watford City, North Dakota (ND)



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McKenzie County Bank routing number info

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McKenzie County Bank
GeneralFDIC Certificate #: 23836
Status: Active
Federal Reserve ID: 234056
Bank Holding Company (Regulatory Top Holder): Lakeside Bank Holding Company (RSSDID: 1124462, Location: New Town, ND)
Date Established: May 08, 1982
WWW: http://www.mckenziecountybank.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)
FDIC's unique #: 16660
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: May 08, 1982
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: Fifth Street And U.S. Highway 85, Watford City, ND 58854
County: Mckenzie
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $103.0 mil
Equity capital: $7.3 mil
Deposits held in domestic offices: $94.0 mil
Return on assets (ROA): 1.74% ($1.8 mil)
Quarterly return on assets: 1.91% ($2.0 mil)
Return on Equity (ROE): 24.37% ($1.7 mil)
Quarterly return on equity: 26.59% ($1.9 mil)
Net income: $1.6 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.86% ($1,915.0 mil)
Quarterly Pretax return on assets: 2.00% ($2,059.2 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)13
Total assets$102,959
Cash and due from depository institutions$6,416
Interest-bearing balances$5,011
Securities$30,743
Federal funds sold & reverse repurchase agreements$9,000
Net loans & leases$53,336
Loan loss allowance $612
Trading account assets$0
Bank premises and fixed assets$1,324
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$2,140
Life insurance assets$102,959
Total liabilities and capital$95,686
Total liabilities$93,964
Total deposits$60,250
Interest-bearing deposits$93,964
Deposits held in domestic offices$84
% insured (estimated)1000.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $722
All other liabilities $7,273
Total equity capital$7,273
Total bank equity capital$7,273
Perpetual preferred stock$0
Common stock$553
Surplus$1,461
Undivided profits $5,259
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 $312
Earning assets $0
Long-term assets (5+ years) $595
Average Assets, year-to-date $98,090
Average Assets, quarterly $27,511
Volatile liabilities $93,193
Insider loans $99,232
FHLB advances $58,798
Loans and leases held for sale $98,668
Unused loan commitments $1,254
Tier 1 (core) risk-based capital $690
Tier 2 risk-based capital $7,075
Total risk weighted assets $0
Total unused commitments $564
Restructured Loans and leases $7,138
Derivatives$85
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,908
Total interest expense $520
Net interest income $3,388
Provision for loan and lease losses $96
Total noninterest income $248
Fiduciary activities $0
Service charges on deposit accounts $71
Trading account gains & fees $0
Additional noninterest income $177
Total noninterest expense $1,808
Salaries and employee benefits $1,025
Premises and equipment expense $169
Additional noninterest expense $614
Pre-tax net operating income $1,732
Securities gains (losses) $0
Applicable income taxes $110
Income before extraordinary items $1,622
Extraordinary gains - net $0
Net income attributable to bank $1,622
Net charge-offs $0
Cash dividends $1,622
Sale, conversion, retirement of capital stock, net $27
Net operating income $448
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.50%
Cost of funding earning assets 0.60%
Net interest margin 3.90%
Noninterest income to earning assets 0.29%
Noninterest expense to earning assets 2.08%
Net operating income to assets 1.74%
Return on assets (ROA) 1.74%
Pretax return on assets 1.86%
Return on equity (ROE) 24.37%
Retained earnings to average equity (YTD only) 17.64%
Net charge-offs to loans 0.06%
Credit loss provision to net charge-offs 355.56%
Efficiency ratio67.70%
Assets per employee$49,725
Cash dividends to net income (YTD only)7.92%
Condition Ratios (%)
Loss allowance to loans 27.62%
Loss allowance to noncurrent loans 1.13%
Noncurrent assets plus other real estate owned to assets 196.15%
Noncurrent loans to loans 0.30%
Net loans and leases to deposits0.58%
Net loans and leases to core deposits 56.76%
Equity capital to assets 62.69%
Core capital (leverage) ratio 7.06%
Tier 1 risk-based capital ratio 7.17%
Total risk-based capital ratio 12.03%
Memoranda
Average assets$13
Average earning assets$93,193
Average equity $6,656
Average loans $86,813
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1 North Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
016660Mckenzie County BankFifth Street And U.S. Highway 85, Watford City, ND 58854May 08, 1982Full Service Brick and Mortar
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