Sargent County Bank in Forman, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Sargent County Bank in Forman, North Dakota (ND)
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Sargent County Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 14Total employees (full-time equivalent)
  • $98,625Total assets
  • $2,969Cash and due from depository institutions
  • $1,791Interest-bearing balances
  • $44,327Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $49,980Net loans & leases
  • $206Loan loss allowance
  • $0Trading account assets
  • $102Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $98,625Life insurance assets
  • $1,247All other assets
  • $84,373Total liabilities and capital
  • $83,987Total liabilities
  • $65,907Total deposits
  • $83,987Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $386Subordinated debt
  • $14,252All other liabilities
  • $14,252Total equity capital
  • $14,252Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $4,600Surplus
  • $9,452Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $1,112Long-term assets (5+ years)
  • $96,098Average Assets, year-to-date
  • $46,763Average Assets, quarterly
  • $94,260Volatile liabilities
  • $96,890Insider loans
  • $70,076FHLB advances
  • $97,504Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,374Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,047Restructured Loans and leases
  • $106Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,019Total interest income
  • $522Total interest expense
  • $3,497Net interest income
  • $0Provision for loan and lease losses
  • $371Total noninterest income
  • $0Fiduciary activities
  • $147Service charges on deposit accounts
  • $0Trading account gains & fees
  • $224Additional noninterest income
  • $1,611Total noninterest expense
  • $1,122Salaries and employee benefits
  • $209Premises and equipment expense
  • $280Additional noninterest expense
  • $2,257Pre-tax net operating income
  • $0Securities gains (losses)
  • $139Applicable income taxes
  • $2,118Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,118Net income attributable to bank
  • $0Net charge-offs
  • $2,118Cash dividends
  • -$13Sale, conversion, retirement of capital stock, net
  • $874Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 0.57%Cost of funding earning assets
  • 3.82%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 1.76%Noninterest expense to earning assets
  • 2.25%Net operating income to assets
  • 2.25%Return on assets (ROA)
  • 2.39%Pretax return on assets
  • 16.55%Return on equity (ROE)
  • 9.72%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 41,649Assets per employee
  • 7.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.27%Loss allowance to loans
  • 0.41%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 59.51%Net loans and leases to core deposits
  • 61.32%Equity capital to assets
  • 14.45%Core capital (leverage) ratio
  • 12.69%Tier 1 risk-based capital ratio
  • 17.66%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $94,260Average earning assets
  • $12,799Average equity
  • $91,428Average loans

List of branches

  • 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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