Ramsey National Bank in Devils Lake, North Dakota (ND)

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Ramsey National Bank routing number info

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Ramsey National Bank
GeneralFDIC Certificate #: 3914
Status: Active
Federal Reserve ID: 987352
Bank Holding Company (Regulatory Top Holder): Ramsey Financial Corporation And Affiliates Employee Stock Ownership Plan (RSSDID: 3640434, Location: Devils Lake, ND)
Date Established: January 01, 1892
WWW: http://www.ramseybank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 12753
FDIC's unique #: 2551
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 01, 2011
Last Structure Change Process Date: November 28, 2011
Last Data Update: November 28, 2011
Data Source Date: April 05, 2012
LocationAddress: 300 4th St. Ne, Devils Lake, ND 58301
County: Ramsey
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 ChangesName Change
Financial SummaryTotal assets: $241.1 mil
Equity capital: $24.6 mil
Deposits held in domestic offices: $208.6 mil
Return on assets (ROA): 1.61% ($3.9 mil)
Quarterly return on assets: 1.83% ($4.4 mil)
Return on Equity (ROE): 15.66% ($3.9 mil)
Quarterly return on equity: 17.64% ($4.4 mil)
Net income: $3.7 mil
Quarterly Net income: $1.1 mil
Pretax return on assets: 1.70% ($4,098.5 mil)
Quarterly Pretax return on assets: 1.97% ($4,749.4 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)58
Total assets$241,087
Cash and due from depository institutions$13,689
Interest-bearing balances$6,174
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$167,483
Loan loss allowance $1,981
Trading account assets$0
Bank premises and fixed assets$2,617
Other real estate owned$370
Goodwill and other intangibles$913
All other assets$3,671
Life insurance assets$241,087
Total liabilities and capital$216,507
Total liabilities$208,646
Total deposits$167,535
Interest-bearing deposits$208,646
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$7,000
Other borrowed funds $0
Subordinated debt $861
All other liabilities $24,580
Total equity capital$24,580
Total bank equity capital$24,580
Perpetual preferred stock$0
Common stock$600
Undivided profits $16,311
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,017
Income earned, not collected on loans $3,482
Earning assets $287
Long-term assets (5+ years) $2,078
Average Assets, year-to-date $226,001
Average Assets, quarterly $51,343
Volatile liabilities $229,671
Insider loans $236,777
FHLB advances $165,724
Loans and leases held for sale $234,975
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $22,885
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $40,920
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,716
Total interest expense $2,130
Net interest income $8,586
Provision for loan and lease losses $392
Total noninterest income $1,393
Fiduciary activities $454
Service charges on deposit accounts $288
Trading account gains & fees $0
Additional noninterest income $651
Total noninterest expense $5,737
Salaries and employee benefits $3,498
Premises and equipment expense $717
Additional noninterest expense $1,522
Pre-tax net operating income $3,850
Securities gains (losses) $60
Applicable income taxes $223
Income before extraordinary items $3,687
Extraordinary gains - net $0
Net income attributable to bank $3,687
Net charge-offs $0
Cash dividends $3,687
Sale, conversion, retirement of capital stock, net $505
Net operating income $1,944
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.96%
Cost of funding earning assets 0.99%
Net interest margin 3.98%
Noninterest income to earning assets 0.65%
Noninterest expense to earning assets 2.66%
Net operating income to assets 1.58%
Return on assets (ROA) 1.61%
Pretax return on assets 1.70%
Return on equity (ROE) 15.66%
Retained earnings to average equity (YTD only) 7.40%
Net charge-offs to loans 0.30%
Credit loss provision to net charge-offs 77.62%
Efficiency ratio8.40%
Assets per employee$57,491
Cash dividends to net income (YTD only)4.16%
Condition Ratios (%)
Loss allowance to loans 52.73%
Loss allowance to noncurrent loans 1.17%
Noncurrent assets plus other real estate owned to assets 56.89%
Noncurrent loans to loans 1.60%
Net loans and leases to deposits2.05%
Net loans and leases to core deposits 80.27%
Equity capital to assets 85.23%
Core capital (leverage) ratio 10.20%
Tier 1 risk-based capital ratio 9.74%
Total risk-based capital ratio 13.81%
Average assets$15
Average earning assets$229,671
Average equity $23,548
Average loans $215,874
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$85,035
Number of Accounts1
Personal trust and agency accounts$35,696
Employee benefit-defined contribution accounts$24,359
Employee benefit-defined benefit accounts$243
Other retirement accounts$0
Corporate trust and agency accounts$1,231
Investment management agency accounts$0
Other fiduciary accounts$786
Fiduciary accounts held in foreign offices$9,077
Non-managed Assets$0
Number of Accounts285
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$1,231
Employee benefit-defined benefit accounts$0
Other retirement accounts$49,339
Corporate trust and agency accounts$6,664
Other fiduciary accounts$15,857
Fiduciary accounts held in foreign offices$16,185
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8 North Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
02551Ramsey National Bank300 4th St. Ne, Devils Lake, ND 58301January 01, 1892Full Service Brick and Mortar
26057Maddock Branch104 Main Street, Maddock, ND 58348June 29, 1901Full Service Brick and Mortar
3220117Paying And Receiving Branch#32 Northern Pacific Avenue West, Esmond, ND 58332October 01, 1965Full Service Brick and Mortar
5264120Fargo Branch3232 25th St S, Fargo, ND 58104July 31, 1981Full Service Brick and Mortar
7202143County Market Branch323 Fifth Street, Devils Lake, ND 58301June 22, 1992Full Service Retail
846446Ramsey Bank Branch407 Fifth Avenue, Cando, ND 58324September 21, 1990Full Service Brick and Mortar
9360672Cavalier Branch200 Main Street West, Cavalier, ND 58220October 23, 2000Full Service Brick and Mortar
10360673Rugby Branch319 South Main, Rugby, ND 58368October 23, 2000Full Service Brick and Mortar
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