Ramsey Bank in Cando, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 23, 2000

  • Ramsey Bank in Cando, North Dakota (ND)
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Ramsey Bank - Overview

  • General
  • FDIC Certificate #: 33206
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Ramsey National Bank (#3914)
    Federal Reserve ID: 1857667
    Date Established: September 21, 1990
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8928
    FDIC's unique #: 46446
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: September 21, 1990
    Last Structure Change Effective Date: October 23, 2000
    Last Structure Change Process Date: January 03, 2001
    Last Data Update: January 03, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 407 Fifth Avenue, Cando, ND 58324
    County: Towner
    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
  • Financial Summary
  • Total assets: $45.0 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $45,975Total assets
  • $1,395Cash and due from depository institutions
  • $103Interest-bearing balances
  • $13,789Securities
  • $2,460Federal funds sold & reverse repurchase agreements
  • $23,964Net loans & leases
  • $199Loan loss allowance
  • $0Trading account assets
  • $1,171Bank premises and fixed assets
  • $23Other real estate owned
  • $1,894Goodwill and other intangibles
  • $0Life insurance assets
  • $1,279All other assets
  • $45,975Total liabilities and capital
  • $40,567Total liabilities
  • $40,023Total deposits
  • $40,023Interest-bearing deposits
  • $40,023Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $103Other borrowed funds
  • $0Subordinated debt
  • $441All other liabilities
  • $5,408Total equity capital
  • $5,408Total bank equity capital
  • $5,408Perpetual preferred stock
  • $0Common stock
  • $388Surplus
  • $6,426Undivided profits
  • Memoranda
  • $-1,406Noncurrent loans and leases
  • $5,548Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $49Earning assets
  • $0Long-term assets (5+ years)
  • $571Average Assets, year-to-date
  • $40,316Average Assets, quarterly
  • $0Volatile liabilities
  • $46,253Insider loans
  • $46,003FHLB advances
  • $5,734Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,548Total unused commitments
  • $0Restructured Loans and leases
  • $199Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $2,971Total interest income
  • $1,733Total interest expense
  • $1,238Net interest income
  • $83Provision for loan and lease losses
  • $178Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $178Additional noninterest income
  • $1,329Total noninterest expense
  • $545Salaries and employee benefits
  • $133Premises and equipment expense
  • $651Additional noninterest expense
  • $4Pre-tax net operating income
  • $2Securities gains (losses)
  • -$29Applicable income taxes
  • $35Income before extraordinary items
  • $0Extraordinary gains - net
  • $35Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $35Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.29%Yield on earning assets
  • 4.25%Cost of funding earning assets
  • 3.04%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.26%Noninterest expense to earning assets
  • 0.07%Net operating income to assets
  • 0.08%Return on assets (ROA)
  • 0.01%Pretax return on assets
  • 0.58%Return on equity (ROE)
  • -9.37%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 237.14%Credit loss provision to net charge-offs
  • 2.49%Efficiency ratio
  • 78,319Assets per employee
  • 2.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1714.29%Loss allowance to loans
  • 0.82%Loss allowance to noncurrent loans
  • 406.12%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 59.88%Net loans and leases to core deposits
  • 69.68%Equity capital to assets
  • 11.76%Core capital (leverage) ratio
  • 8.55%Tier 1 risk-based capital ratio
  • 15.33%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $46,253Average earning assets
  • $6,033Average equity
  • $40,770Average loans

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