Peoples State Bank in Westhope, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

Peoples State Bank - Overview

  • General
  • FDIC Certificate #: 13196
    Status: Active
    Federal Reserve ID: 238250
    Bank Holding Company (Regulatory Top Holder): Peoples State Holding Company (RSSDID: 1123821, Location: Westhope, ND)
    Date Established: June 12, 1906
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 11832
    FDIC's unique #: 8351
    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: 110 Main St, Westhope, ND 58793
    County: Bottineau
    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: $78.3 mil
    Equity capital: $7.2 mil
    Deposits held in domestic offices: $70.9 mil
    Return on assets (ROA): 1.17% ($0.9 mil)
    Quarterly return on assets: 0.47% ($0.4 mil)
    Return on Equity (ROE): 12.56% ($0.9 mil)
    Quarterly return on equity: 5.02% ($0.4 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.27% ($994.2 mil)
    Quarterly Pretax return on assets: 0.54% ($422.7 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
  • 15Total employees (full-time equivalent)
  • $78,286Total assets
  • $5,577Cash and due from depository institutions
  • $3,185Interest-bearing balances
  • $41,178Securities
  • $5,000Federal funds sold & reverse repurchase agreements
  • $24,354Net loans & leases
  • $808Loan loss allowance
  • $0Trading account assets
  • $109Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $78,286Life insurance assets
  • $2,068All other assets
  • $71,051Total liabilities and capital
  • $70,856Total liabilities
  • $46,200Total deposits
  • $70,856Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $195Subordinated debt
  • $7,235All other liabilities
  • $7,235Total equity capital
  • $7,235Total bank equity capital
  • $0Perpetual preferred stock
  • $750Common stock
  • $750Surplus
  • $5,735Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11Income earned, not collected on loans
  • $0Earning assets
  • $494Long-term assets (5+ years)
  • $73,717Average Assets, year-to-date
  • $38,451Average Assets, quarterly
  • $69,722Volatile liabilities
  • $75,009Insider loans
  • $37,040FHLB advances
  • $75,174Loans and leases held for sale
  • $1,265Unused loan commitments
  • $1,265Tier 1 (core) risk-based capital
  • $6,158Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,401Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,348Total interest income
  • $476Total interest expense
  • $1,872Net interest income
  • $0Provision for loan and lease losses
  • $136Total noninterest income
  • $0Fiduciary activities
  • $39Service charges on deposit accounts
  • $0Trading account gains & fees
  • $97Additional noninterest income
  • $1,240Total noninterest expense
  • $853Salaries and employee benefits
  • $113Premises and equipment expense
  • $274Additional noninterest expense
  • $768Pre-tax net operating income
  • $116Securities gains (losses)
  • $69Applicable income taxes
  • $815Income before extraordinary items
  • $0Extraordinary gains - net
  • $815Net income attributable to bank
  • $0Net charge-offs
  • $815Cash dividends
  • -$123Sale, conversion, retirement of capital stock, net
  • $325Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.58%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 2.85%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 1.89%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 12.56%Return on equity (ROE)
  • 7.55%Retained earnings to average equity (YTD only)
  • -0.44%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 61,753Assets per employee
  • 5.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.88%Loss allowance to loans
  • 3.21%Loss allowance to noncurrent loans
  • 7345.45%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 34.37%Net loans and leases to core deposits
  • 43.51%Equity capital to assets
  • 9.24%Core capital (leverage) ratio
  • 8.19%Tier 1 risk-based capital ratio
  • 16.63%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $69,722Average earning assets
  • $6,488Average equity
  • $65,609Average loans

List of branches

  • 2 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08351Peoples State Bank110 Main St, Westhope, ND 58793June 12, 1906Full Service Brick and Mortar
    1229306Paying And Receiving Station BranchNewburg Mall, Newburg, ND 58762October 28, 1975Full Service Brick and Mortar

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