North Country Bank, National Association in Mcclusky, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

North Country Bank, National Association - Overview

  • General
  • FDIC Certificate #: 3947
    Status: Active
    Federal Reserve ID: 942959
    Bank Holding Company (Regulatory Top Holder): Davis Bancshares, Inc (RSSDID: 2339469, Location: Mcclusky, ND)
    Date Established: Febuary 01, 1907
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 2572
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 02, 2006
    Last Structure Change Process Date: December 21, 2006
    Last Data Update: December 21, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 217 Main Street, Mcclusky, ND 58463
    County: Sheridan
    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
  • Financial Summary
  • Total assets: $63.2 mil
    Equity capital: $6.8 mil
    Deposits held in domestic offices: $55.4 mil
    Return on assets (ROA): 1.11% ($0.7 mil)
    Quarterly return on assets: 1.01% ($0.6 mil)
    Return on Equity (ROE): 10.20% ($0.7 mil)
    Quarterly return on equity: 9.05% ($0.6 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.18% ($746.2 mil)
    Quarterly Pretax return on assets: 1.06% ($670.4 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
  • 14Total employees (full-time equivalent)
  • $63,241Total assets
  • $5,904Cash and due from depository institutions
  • $604Interest-bearing balances
  • $16,637Securities
  • $4,400Federal funds sold & reverse repurchase agreements
  • $33,867Net loans & leases
  • $404Loan loss allowance
  • $0Trading account assets
  • $644Bank premises and fixed assets
  • $0Other real estate owned
  • $71Goodwill and other intangibles
  • $63,241Life insurance assets
  • $1,718All other assets
  • $56,455Total liabilities and capital
  • $55,388Total liabilities
  • $40,349Total deposits
  • $55,388Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $800Trading liabilities
  • $0Other borrowed funds
  • $267Subordinated debt
  • $6,786All other liabilities
  • $6,786Total equity capital
  • $6,786Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $2,428Surplus
  • $4,258Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $104Income earned, not collected on loans
  • $0Earning assets
  • $609Long-term assets (5+ years)
  • $55,508Average Assets, year-to-date
  • $17,854Average Assets, quarterly
  • $59,418Volatile liabilities
  • $60,149Insider loans
  • $40,949FHLB advances
  • $58,881Loans and leases held for sale
  • $671Unused loan commitments
  • $671Tier 1 (core) risk-based capital
  • $6,190Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,505Restructured Loans and leases
  • $88Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,373Total interest income
  • $367Total interest expense
  • $2,006Net interest income
  • $33Provision for loan and lease losses
  • $244Total noninterest income
  • $0Fiduciary activities
  • $135Service charges on deposit accounts
  • $0Trading account gains & fees
  • $109Additional noninterest income
  • $1,516Total noninterest expense
  • $868Salaries and employee benefits
  • $285Premises and equipment expense
  • $363Additional noninterest expense
  • $701Pre-tax net operating income
  • $0Securities gains (losses)
  • $44Applicable income taxes
  • $657Income before extraordinary items
  • $0Extraordinary gains - net
  • $657Net income attributable to bank
  • $0Net charge-offs
  • $657Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $554Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.42%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 3.74%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • 1.11%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 10.20%Return on equity (ROE)
  • 1.60%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 660.00%Credit loss provision to net charge-offs
  • 146.80%Efficiency ratio
  • 67,378Assets per employee
  • 4.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.32%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 388.46%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.30%Net loans and leases to deposits
  • 61.15%Net loans and leases to core deposits
  • 61.91%Equity capital to assets
  • 10.73%Core capital (leverage) ratio
  • 10.51%Tier 1 risk-based capital ratio
  • 15.12%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $59,418Average earning assets
  • $6,440Average equity
  • $53,684Average loans

List of branches

  • 5 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02572North Country Bank, National Association217 Main Street, Mcclusky, ND 58463Febuary 01, 1907Full Service Brick and Mortar
    1202176Mercer Branch109 Main Street, Mercer, ND 58559October 24, 1967Limited Service Facility
    2426748Goodrich Branch101 Clark Avenue, Goodrich, ND 58444March 01, 2004Full Service Brick and Mortar
    38079First Security Bank, Underwood Branch308 Lincoln Avenue, Underwood, ND 58576January 01, 1903Full Service Brick and Mortar
    4227851Paying And Receiveing302 2nd Street, Riverdale, ND 58565August 31, 1987Limited Service Facility

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