Peoples State Bank of Velva in Velva, North Dakota (ND)



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Peoples State Bank of Velva routing number info

Table of contents:
Peoples State Bank of Velva
GeneralFDIC Certificate #: 10250
Status: Active
Federal Reserve ID: 713252
Date Established: January 01, 1915
WWW: http://www.psbvelva.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 6571
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: 101 N. Main, Velva, ND 58790
County: Mchenry
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
Core Based Statistical Area (CBSA): Minot, ND (#33500)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $68.7 mil
Equity capital: $5.9 mil
Deposits held in domestic offices: $60.4 mil
Return on assets (ROA): 0.42% ($0.3 mil)
Quarterly return on assets: 0.21% ($0.1 mil)
Return on Equity (ROE): 4.57% ($0.3 mil)
Quarterly return on equity: 2.37% ($0.1 mil)
Net income: $0.3 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.45% ($309.1 mil)
Quarterly Pretax return on assets: 0.29% ($199.2 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)16
Total assets$68,691
Cash and due from depository institutions$8,754
Interest-bearing balances$1,714
Securities$12,948
Federal funds sold & reverse repurchase agreements$3,000
Net loans & leases$39,241
Loan loss allowance $403
Trading account assets$0
Bank premises and fixed assets$3,403
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,345
Life insurance assets$68,691
Total liabilities and capital$62,796
Total liabilities$60,435
Total deposits$49,348
Interest-bearing deposits$60,435
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,975
Other borrowed funds $0
Subordinated debt $386
All other liabilities $5,895
Total equity capital$5,895
Total bank equity capital$5,895
Perpetual preferred stock$0
Common stock$300
Surplus$1,900
Undivided profits $3,695
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 $0
Earning assets $0
Long-term assets (5+ years) $587
Average Assets, year-to-date $56,903
Average Assets, quarterly $14,923
Volatile liabilities $61,604
Insider loans $65,637
FHLB advances $47,153
Loans and leases held for sale $65,722
Unused loan commitments $458
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,312
Total risk weighted assets $0
Total unused commitments $458
Restructured Loans and leases $6,842
Derivatives$42
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,615
Total interest expense $724
Net interest income $1,891
Provision for loan and lease losses $45
Total noninterest income $133
Fiduciary activities $0
Service charges on deposit accounts $39
Trading account gains & fees $0
Additional noninterest income $94
Total noninterest expense $1,841
Salaries and employee benefits $1,019
Premises and equipment expense $442
Additional noninterest expense $380
Pre-tax net operating income $138
Securities gains (losses) $141
Applicable income taxes $21
Income before extraordinary items $258
Extraordinary gains - net $0
Net income attributable to bank $258
Net charge-offs $0
Cash dividends $258
Sale, conversion, retirement of capital stock, net $4
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.99%
Cost of funding earning assets 1.38%
Net interest margin 3.61%
Noninterest income to earning assets 0.25%
Noninterest expense to earning assets 3.51%
Net operating income to assets 0.21%
Return on assets (ROA) 0.42%
Pretax return on assets 0.45%
Return on equity (ROE) 4.57%
Retained earnings to average equity (YTD only) 4.57%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 1125.00%
Efficiency ratio45.75%
Assets per employee$90,958
Cash dividends to net income (YTD only)4.29%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.02%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 64.93%
Equity capital to assets 65.58%
Core capital (leverage) ratio 8.58%
Tier 1 risk-based capital ratio 8.08%
Total risk-based capital ratio 11.27%
Memoranda
Average assets$12
Average earning assets$61,604
Average equity $5,642
Average loans $52,408
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2 North Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06571Peoples State Bank Of Velva101 N. Main, Velva, ND 58790January 01, 1915Full Service Brick and Mortar
1499529Peoples State Bank - Minot37th Street, Minot, ND 58701November 24, 2009Full Service Brick and Mortar
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