Northland Financial in Steele, North Dakota (ND)

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Northland Financial
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)44
Total assets$176,859
Cash and due from depository institutions$11,602
Interest-bearing balances$843
Federal funds sold & reverse repurchase agreements$2,515
Net loans & leases$131,569
Loan loss allowance $1,693
Trading account assets$0
Bank premises and fixed assets$3,357
Other real estate owned$29
Goodwill and other intangibles$0
All other assets$3,879
Life insurance assets$176,859
Total liabilities and capital$162,600
Total liabilities$160,755
Total deposits$137,097
Interest-bearing deposits$160,755
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,845
All other liabilities $14,259
Total equity capital$14,259
Total bank equity capital$14,259
Perpetual preferred stock$0
Common stock$100
Undivided profits $6,187
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 $1,005
Earning assets $0
Long-term assets (5+ years) $2,052
Average Assets, year-to-date $158,835
Average Assets, quarterly $18,744
Volatile liabilities $166,625
Insider loans $171,924
FHLB advances $135,806
Loans and leases held for sale $169,809
Unused loan commitments $904
Tier 1 (core) risk-based capital $904
Tier 2 risk-based capital $13,683
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $17,429
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,495
Total interest expense $2,343
Net interest income $7,152
Provision for loan and lease losses $487
Total noninterest income $508
Fiduciary activities $0
Service charges on deposit accounts $313
Trading account gains & fees $0
Additional noninterest income $195
Total noninterest expense $5,293
Salaries and employee benefits $3,324
Premises and equipment expense $592
Additional noninterest expense $1,377
Pre-tax net operating income $1,880
Securities gains (losses) $0
Applicable income taxes $72
Income before extraordinary items $1,808
Extraordinary gains - net $0
Net income attributable to bank $1,808
Net charge-offs $0
Cash dividends $1,808
Sale, conversion, retirement of capital stock, net $679
Net operating income $900
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.16%
Cost of funding earning assets 1.52%
Net interest margin 4.64%
Noninterest income to earning assets 0.33%
Noninterest expense to earning assets 3.44%
Net operating income to assets 1.09%
Return on assets (ROA) 1.09%
Pretax return on assets 1.13%
Return on equity (ROE) 13.03%
Retained earnings to average equity (YTD only) 6.54%
Net charge-offs to loans 0.53%
Credit loss provision to net charge-offs 71.72%
Efficiency ratio3.49%
Assets per employee$69,099
Cash dividends to net income (YTD only)4.02%
Condition Ratios (%)
Loss allowance to loans 49.78%
Loss allowance to noncurrent loans 1.27%
Noncurrent assets plus other real estate owned to assets 168.46%
Noncurrent loans to loans 0.58%
Net loans and leases to deposits0.75%
Net loans and leases to core deposits 81.84%
Equity capital to assets 86.31%
Core capital (leverage) ratio 8.06%
Tier 1 risk-based capital ratio 8.06%
Total risk-based capital ratio 10.08%
Average assets$11
Average earning assets$166,625
Average equity $13,876
Average loans $154,020
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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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