Sargent County Bank in Forman, North Dakota (ND)

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Sargent County Bank routing number info

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Sargent County Bank
GeneralFDIC Certificate #: 8942
Status: Active
Federal Reserve ID: 992851
Bank Holding Company (Regulatory Top Holder): Sargent Bankshares, Inc. (RSSDID: 1126617, Location: Forman, ND)
Date Established: January 01, 1900
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 5709
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: May 12, 2008
Last Structure Change Process Date: May 19, 2008
Last Data Update: May 19, 2008
Data Source Date: April 05, 2012
LocationAddress: 331 Main Street, Forman, ND 58032
County: Sargent
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 ChangesChange in Location
Financial SummaryTotal assets: $98.6 mil
Equity capital: $14.3 mil
Deposits held in domestic offices: $84.0 mil
Return on assets (ROA): 2.25% ($2.2 mil)
Quarterly return on assets: 0.90% ($0.9 mil)
Return on Equity (ROE): 16.55% ($2.3 mil)
Quarterly return on equity: 6.18% ($0.9 mil)
Net income: $2.1 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 2.39% ($2,357.1 mil)
Quarterly Pretax return on assets: 1.12% ($1,104.6 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)14
Total assets$98,625
Cash and due from depository institutions$2,969
Interest-bearing balances$1,791
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$49,980
Loan loss allowance $206
Trading account assets$0
Bank premises and fixed assets$102
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,247
Life insurance assets$98,625
Total liabilities and capital$84,373
Total liabilities$83,987
Total deposits$65,907
Interest-bearing deposits$83,987
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $386
All other liabilities $14,252
Total equity capital$14,252
Total bank equity capital$14,252
Perpetual preferred stock$0
Common stock$200
Undivided profits $9,452
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) $1,112
Average Assets, year-to-date $96,098
Average Assets, quarterly $46,763
Volatile liabilities $94,260
Insider loans $96,890
FHLB advances $70,076
Loans and leases held for sale $97,504
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $12,374
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,047
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,019
Total interest expense $522
Net interest income $3,497
Provision for loan and lease losses $0
Total noninterest income $371
Fiduciary activities $0
Service charges on deposit accounts $147
Trading account gains & fees $0
Additional noninterest income $224
Total noninterest expense $1,611
Salaries and employee benefits $1,122
Premises and equipment expense $209
Additional noninterest expense $280
Pre-tax net operating income $2,257
Securities gains (losses) $0
Applicable income taxes $139
Income before extraordinary items $2,118
Extraordinary gains - net $0
Net income attributable to bank $2,118
Net charge-offs $0
Cash dividends $2,118
Sale, conversion, retirement of capital stock, net -$13
Net operating income $874
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.40%
Cost of funding earning assets 0.57%
Net interest margin 3.82%
Noninterest income to earning assets 0.41%
Noninterest expense to earning assets 1.76%
Net operating income to assets 2.25%
Return on assets (ROA) 2.25%
Pretax return on assets 2.39%
Return on equity (ROE) 16.55%
Retained earnings to average equity (YTD only) 9.72%
Net charge-offs to loans -0.03%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$41,649
Cash dividends to net income (YTD only)7.04%
Condition Ratios (%)
Loss allowance to loans 41.27%
Loss allowance to noncurrent loans 0.41%
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 59.51%
Equity capital to assets 61.32%
Core capital (leverage) ratio 14.45%
Tier 1 risk-based capital ratio 12.69%
Total risk-based capital ratio 17.66%
Average assets$18
Average earning assets$94,260
Average equity $12,799
Average loans $91,428
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3 North Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05709Sargent County Bank331 Main Street, Forman, ND 58032January 01, 1900Full Service Brick and Mortar
1219207Paying And Receiving BranchMain Street, Gwinner, ND 58040May 09, 1960Full Service Brick and Mortar
2219208Station BranchMain Street, Rutland, ND 58067November 01, 1976Limited Service Facility
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