Quality Bank in Fingal, North Dakota (ND)
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| Quality Bank | |
|---|---|
| General | FDIC Certificate #: 9425 Status: Active Federal Reserve ID: 745954 Bank Holding Company (Regulatory Top Holder): Quality Bankshares, Inc. (RSSDID: 2939690, Location: Page, ND) Date Established: January 01, 1898 WWW: http://www.qualitybanknd.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 #: 6056 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: Febuary 02, 2012 Last Structure Change Process Date: Febuary 02, 2012 Last Data Update: Febuary 02, 2012 Data Source Date: April 05, 2012 |
| Location | Address: 410 3rd Street, Fingal, ND 58031 County: Barnes 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 | Change in Location |
| Financial Summary | Total assets: $25.4 mil Equity capital: $2.1 mil Deposits held in domestic offices: $23.2 mil Return on assets (ROA): -0.59% (-$0.1 mil) Quarterly return on assets: -0.81% (-$0.2 mil) Return on Equity (ROE): -6.89% (-$0.1 mil) Quarterly return on equity: -9.54% (-$0.2 mil) Net income: -$0.2 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -0.59% (-$149.8 mil) Quarterly Pretax return on assets: -0.87% (-$220.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 5 |
| Total assets | $25,391 |
| Cash and due from depository institutions | $698 |
| Interest-bearing balances | $0 |
| Securities | $6,257 |
| Federal funds sold & reverse repurchase agreements | $4,450 |
| Net loans & leases | $13,076 |
| Loan loss allowance | $831 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $310 |
| Other real estate owned | $34 |
| Goodwill and other intangibles | $23 |
| All other assets | $543 |
| Life insurance assets | $25,391 |
| Total liabilities and capital | $23,280 |
| Total liabilities | $23,190 |
| Total deposits | $18,237 |
| Interest-bearing deposits | $23,190 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $90 |
| All other liabilities | $2,111 |
| Total equity capital | $2,111 |
| Total bank equity capital | $2,111 |
| Perpetual preferred stock | $0 |
| Common stock | $50 |
| Surplus | $4,333 |
| Undivided profits | $-2,272 |
| 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 | $46 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $323 |
| Average Assets, year-to-date | $23,783 |
| Average Assets, quarterly | $3,764 |
| Volatile liabilities | $25,803 |
| Insider loans | $25,198 |
| FHLB advances | $16,357 |
| Loans and leases held for sale | $26,345 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $1,880 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,546 |
| Derivatives | $983 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,087 |
| Total interest expense | $267 |
| Net interest income | $820 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $20 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $38 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$18 |
| Total noninterest expense | $1,054 |
| Salaries and employee benefits | $261 |
| Premises and equipment expense | $90 |
| Additional noninterest expense | $703 |
| Pre-tax net operating income | -$214 |
| Securities gains (losses) | $61 |
| Applicable income taxes | -$1 |
| Income before extraordinary items | -$152 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$152 |
| Net charge-offs | $0 |
| Cash dividends | -$152 |
| Sale, conversion, retirement of capital stock, net | $30 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.47% |
| Cost of funding earning assets | 1.10% |
| Net interest margin | 3.37% |
| Noninterest income to earning assets | 0.08% |
| Noninterest expense to earning assets | 4.33% |
| Net operating income to assets | -0.82% |
| Return on assets (ROA) | -0.59% |
| Pretax return on assets | -0.59% |
| Return on equity (ROE) | -6.89% |
| Retained earnings to average equity (YTD only) | -6.89% |
| Net charge-offs to loans | 0.22% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | -7.13% |
| Assets per employee | $124,048 |
| Cash dividends to net income (YTD only) | 5.08% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 5.98% |
| Noncurrent assets plus other real estate owned to assets | 1806.52% |
| Noncurrent loans to loans | 0.32% |
| Net loans and leases to deposits | 0.33% |
| Net loans and leases to core deposits | 56.39% |
| Equity capital to assets | 57.68% |
| Core capital (leverage) ratio | 8.31% |
| Tier 1 risk-based capital ratio | 7.14% |
| Total risk-based capital ratio | 11.49% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $25,803 |
| Average equity | $2,207 |
| Average loans | $24,336 |
| 2 North Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6056 | Quality Bank | 410 3rd Street, Fingal, ND 58031 | January 01, 1898 | Full Service Brick and Mortar |  |
| 1 | 13160 | Quality Bank | Main Street, Page, ND 58064 | January 18, 1965 | Full Service Brick and Mortar |  |
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Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.