Scandia American Bank & Trust in Stanley, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 28, 2011

Scandia American Bank & Trust - Overview

  • General
  • FDIC Certificate #: 8639
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: American Bank Center (#22559)
    Federal Reserve ID: 1015056
    Date Established: January 01, 1910
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 5510
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 28, 2011
    Last Structure Change Process Date: November 28, 2011
    Last Data Update: November 28, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: First And Main Streets, Stanley, ND 58784
    County: Mountrail
    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: $196.4 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, 2010)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $169,772Total assets
  • $20,993Cash and due from depository institutions
  • $2,191Interest-bearing balances
  • $61,155Securities
  • $7,000Federal funds sold & reverse repurchase agreements
  • $74,070Net loans & leases
  • $610Loan loss allowance
  • $0Trading account assets
  • $1,797Bank premises and fixed assets
  • $80Other real estate owned
  • $2,605Goodwill and other intangibles
  • $0Life insurance assets
  • $2,072All other assets
  • $169,772Total liabilities and capital
  • $154,546Total liabilities
  • $152,055Total deposits
  • $128,698Interest-bearing deposits
  • $152,055Deposits held in domestic offices
  • 79.78%% insured (estimated)
  • $175Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,721Other borrowed funds
  • $0Subordinated debt
  • $595All other liabilities
  • $15,226Total equity capital
  • $15,226Total bank equity capital
  • $15,226Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $9,715Undivided profits
  • Memoranda
  • $5,111Noncurrent loans and leases
  • $12,725Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $254Earning assets
  • $0Long-term assets (5+ years)
  • $1,302Average Assets, year-to-date
  • $144,416Average Assets, quarterly
  • $45,155Volatile liabilities
  • $145,248Insider loans
  • $165,628FHLB advances
  • $15,905Loans and leases held for sale
  • $38Unused loan commitments
  • $1,721Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $886Total risk weighted assets
  • $12,725Total unused commitments
  • $404Restructured Loans and leases
  • $610Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $6,144Total interest income
  • $1,073Total interest expense
  • $5,071Net interest income
  • $211Provision for loan and lease losses
  • $484Total noninterest income
  • $0Fiduciary activities
  • $186Service charges on deposit accounts
  • $0Trading account gains & fees
  • $298Additional noninterest income
  • $3,278Total noninterest expense
  • $1,540Salaries and employee benefits
  • $355Premises and equipment expense
  • $1,383Additional noninterest expense
  • $2,066Pre-tax net operating income
  • $0Securities gains (losses)
  • $514Applicable income taxes
  • $1,552Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,552Net income attributable to bank
  • $0Net charge-offs
  • $1,552Cash dividends
  • $10Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.55%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 11.39%Return on equity (ROE)
  • 11.39%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 2110.00%Credit loss provision to net charge-offs
  • 227.70%Efficiency ratio
  • 55,500Assets per employee
  • 5.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.82%Loss allowance to noncurrent loans
  • 240.16%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.34%Net loans and leases to deposits
  • 48.71%Net loans and leases to core deposits
  • 54.11%Equity capital to assets
  • 8.97%Core capital (leverage) ratio
  • 7.48%Tier 1 risk-based capital ratio
  • 12.55%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $145,248Average earning assets
  • $13,626Average equity
  • $128,662Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $32Managed Assets
  • 1Number of Accounts
  • $32Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $32Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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