Quality Bank in Fingal, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches


Quality Bank - Overview

  • 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)

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
  • 5Total employees (full-time equivalent)
  • $25,391Total assets
  • $698Cash and due from depository institutions
  • $0Interest-bearing balances
  • $6,257Securities
  • $4,450Federal funds sold & reverse repurchase agreements
  • $13,076Net loans & leases
  • $831Loan loss allowance
  • $0Trading account assets
  • $310Bank premises and fixed assets
  • $34Other real estate owned
  • $23Goodwill and other intangibles
  • $25,391Life insurance assets
  • $543All other assets
  • $23,280Total liabilities and capital
  • $23,190Total liabilities
  • $18,237Total deposits
  • $23,190Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $90Subordinated debt
  • $2,111All other liabilities
  • $2,111Total equity capital
  • $2,111Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $4,333Surplus
  • $-2,272Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $46Income earned, not collected on loans
  • $0Earning assets
  • $323Long-term assets (5+ years)
  • $23,783Average Assets, year-to-date
  • $3,764Average Assets, quarterly
  • $25,803Volatile liabilities
  • $25,198Insider loans
  • $16,357FHLB advances
  • $26,345Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,880Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,546Restructured Loans and leases
  • $983Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,087Total interest income
  • $267Total interest expense
  • $820Net interest income
  • $0Provision for loan and lease losses
  • $20Total noninterest income
  • $0Fiduciary activities
  • $38Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$18Additional noninterest income
  • $1,054Total noninterest expense
  • $261Salaries and employee benefits
  • $90Premises and equipment expense
  • $703Additional noninterest expense
  • -$214Pre-tax net operating income
  • $61Securities gains (losses)
  • -$1Applicable income taxes
  • -$152Income before extraordinary items
  • $0Extraordinary gains - net
  • -$152Net income attributable to bank
  • $0Net charge-offs
  • -$152Cash dividends
  • $30Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.47%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.37%Net interest margin
  • 0.08%Noninterest income to earning assets
  • 4.33%Noninterest expense to earning assets
  • -0.82%Net operating income to assets
  • -0.59%Return on assets (ROA)
  • -0.59%Pretax return on assets
  • -6.89%Return on equity (ROE)
  • -6.89%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • -7.13%Efficiency ratio
  • 124,048Assets per employee
  • 5.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.98%Loss allowance to noncurrent loans
  • 1806.52%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.33%Net loans and leases to deposits
  • 56.39%Net loans and leases to core deposits
  • 57.68%Equity capital to assets
  • 8.31%Core capital (leverage) ratio
  • 7.14%Tier 1 risk-based capital ratio
  • 11.49%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $25,803Average earning assets
  • $2,207Average equity
  • $24,336Average loans

List of branches

  • 2 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06056Quality Bank410 3rd Street, Fingal, ND 58031January 01, 1898Full Service Brick and Mortar
    113160Quality BankMain Street, Page, ND 58064January 18, 1965Full Service Brick and Mortar

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