Northland Financial in Steele, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

Northland Financial - Overview

  • General
  • FDIC Certificate #: 13202
    Status: Active
    Federal Reserve ID: 889652
    Bank Holding Company (Regulatory Top Holder): H.O.m.e., Inc. (RSSDID: 1122776, Location: Fargo, ND)
    Date Established: January 01, 1932
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 11740
    FDIC's unique #: 8353
    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 01, 1934
    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: 115 Broadway East, Steele, ND 58482
    County: Kidder
    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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $176.9 mil
    Equity capital: $14.3 mil
    Deposits held in domestic offices: $160.8 mil
    Return on assets (ROA): 1.09% ($1.9 mil)
    Quarterly return on assets: 0.87% ($1.5 mil)
    Return on Equity (ROE): 13.03% ($1.8 mil)
    Quarterly return on equity: 10.33% ($1.4 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.13% ($1,998.5 mil)
    Quarterly Pretax return on assets: 0.91% ($1,609.4 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
  • 44Total employees (full-time equivalent)
  • $176,859Total assets
  • $11,602Cash and due from depository institutions
  • $843Interest-bearing balances
  • $23,908Securities
  • $2,515Federal funds sold & reverse repurchase agreements
  • $131,569Net loans & leases
  • $1,693Loan loss allowance
  • $0Trading account assets
  • $3,357Bank premises and fixed assets
  • $29Other real estate owned
  • $0Goodwill and other intangibles
  • $176,859Life insurance assets
  • $3,879All other assets
  • $162,600Total liabilities and capital
  • $160,755Total liabilities
  • $137,097Total deposits
  • $160,755Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,845Subordinated debt
  • $14,259All other liabilities
  • $14,259Total equity capital
  • $14,259Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $7,972Surplus
  • $6,187Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,005Income earned, not collected on loans
  • $0Earning assets
  • $2,052Long-term assets (5+ years)
  • $158,835Average Assets, year-to-date
  • $18,744Average Assets, quarterly
  • $166,625Volatile liabilities
  • $171,924Insider loans
  • $135,806FHLB advances
  • $169,809Loans and leases held for sale
  • $904Unused loan commitments
  • $904Tier 1 (core) risk-based capital
  • $13,683Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,429Restructured Loans and leases
  • $294Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,495Total interest income
  • $2,343Total interest expense
  • $7,152Net interest income
  • $487Provision for loan and lease losses
  • $508Total noninterest income
  • $0Fiduciary activities
  • $313Service charges on deposit accounts
  • $0Trading account gains & fees
  • $195Additional noninterest income
  • $5,293Total noninterest expense
  • $3,324Salaries and employee benefits
  • $592Premises and equipment expense
  • $1,377Additional noninterest expense
  • $1,880Pre-tax net operating income
  • $0Securities gains (losses)
  • $72Applicable income taxes
  • $1,808Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,808Net income attributable to bank
  • $0Net charge-offs
  • $1,808Cash dividends
  • $679Sale, conversion, retirement of capital stock, net
  • $900Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.16%Yield on earning assets
  • 1.52%Cost of funding earning assets
  • 4.64%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 3.44%Noninterest expense to earning assets
  • 1.09%Net operating income to assets
  • 1.09%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 13.03%Return on equity (ROE)
  • 6.54%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 71.72%Credit loss provision to net charge-offs
  • 3.49%Efficiency ratio
  • 69,099Assets per employee
  • 4.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.78%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 168.46%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 81.84%Net loans and leases to core deposits
  • 86.31%Equity capital to assets
  • 8.06%Core capital (leverage) ratio
  • 8.06%Tier 1 risk-based capital ratio
  • 10.08%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $166,625Average earning assets
  • $13,876Average equity
  • $154,020Average loans

List of branches

  • 4 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08353Northland Financial115 Broadway East, Steele, ND 58482January 01, 1932Full Service Brick and Mortar
    1229309Paying And Receiving Branch101 Second Avenue Nw, Medina, ND 58467March 09, 1936Full Service Brick and Mortar
    2426565Bismarck Branch207 Front Avenue, Bismarck, ND 58501Febuary 02, 2004Full Service Brick and Mortar
    3467495Bismarck Branch1313 Skyline Boulevard, Bismarck, ND 58503August 22, 2007Full Service Brick and Mortar

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