Security First Bank of North Dakota in New Salem, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security First Bank of North Dakota - Overview

  • General
  • FDIC Certificate #: 11519
    Status: Active
    Federal Reserve ID: 693952
    Bank Holding Company (Regulatory Top Holder): Oliver Bancorporation, Inc. (RSSDID: 1127409, Location: Center, ND)
    Date Established: January 01, 1925
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 12396
    FDIC's unique #: 7361
    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: August 21, 2008
    Last Structure Change Process Date: August 21, 2008
    Last Data Update: August 21, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 700 Ash Avenue, New Salem, ND 58563
    County: Morton
    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
    Metropolitan Statistical Area (MSA): Bismarck, ND (#1010)
    Core Based Statistical Area (CBSA): Bismarck, ND (#13900)
    CBSA Metro Statistical Area: Bismarck, ND (#13900)
  • Financial Summary
  • Total assets: $140.5 mil
    Equity capital: $14.4 mil
    Deposits held in domestic offices: $116.1 mil
    Return on assets (ROA): 1.97% ($2.8 mil)
    Quarterly return on assets: 2.12% ($3.0 mil)
    Return on Equity (ROE): 19.52% ($2.7 mil)
    Quarterly return on equity: 20.52% ($2.9 mil)
    Net income: $2.6 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 2.11% ($2,965.2 mil)
    Quarterly Pretax return on assets: 2.28% ($3,204.1 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
  • 33Total employees (full-time equivalent)
  • $140,532Total assets
  • $9,318Cash and due from depository institutions
  • $5,220Interest-bearing balances
  • $14,006Securities
  • $3,923Federal funds sold & reverse repurchase agreements
  • $105,105Net loans & leases
  • $1,847Loan loss allowance
  • $0Trading account assets
  • $3,172Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $140,532Life insurance assets
  • $5,008All other assets
  • $126,129Total liabilities and capital
  • $116,108Total liabilities
  • $93,032Total deposits
  • $116,108Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 1569.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,906Trading liabilities
  • $0Other borrowed funds
  • $1,546Subordinated debt
  • $14,403All other liabilities
  • $14,403Total equity capital
  • $14,403Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $3,600Surplus
  • $10,403Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,571Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $221Income earned, not collected on loans
  • $87Earning assets
  • $1,319Long-term assets (5+ years)
  • $128,254Average Assets, year-to-date
  • $21,422Average Assets, quarterly
  • $133,559Volatile liabilities
  • $137,089Insider loans
  • $114,841FHLB advances
  • $138,093Loans and leases held for sale
  • $2,673Unused loan commitments
  • $2,673Tier 1 (core) risk-based capital
  • $14,276Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,025Restructured Loans and leases
  • $64Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,340Total interest income
  • $1,152Total interest expense
  • $6,188Net interest income
  • $244Provision for loan and lease losses
  • $1,051Total noninterest income
  • $3Fiduciary activities
  • $183Service charges on deposit accounts
  • $0Trading account gains & fees
  • $865Additional noninterest income
  • $4,183Total noninterest expense
  • $2,843Salaries and employee benefits
  • $280Premises and equipment expense
  • $1,060Additional noninterest expense
  • $2,812Pre-tax net operating income
  • $0Securities gains (losses)
  • $183Applicable income taxes
  • $2,629Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,629Net income attributable to bank
  • $0Net charge-offs
  • $2,629Cash dividends
  • $149Sale, conversion, retirement of capital stock, net
  • $994Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.98%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 5.04%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • 1.97%Net operating income to assets
  • 1.97%Return on assets (ROA)
  • 2.11%Pretax return on assets
  • 19.52%Return on equity (ROE)
  • 12.14%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 163.76%Credit loss provision to net charge-offs
  • 20.51%Efficiency ratio
  • 57,784Assets per employee
  • 4.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.81%Loss allowance to loans
  • 1.73%Loss allowance to noncurrent loans
  • 835.75%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.21%Net loans and leases to deposits
  • 90.52%Net loans and leases to core deposits
  • 94.45%Equity capital to assets
  • 10.25%Core capital (leverage) ratio
  • 10.34%Tier 1 risk-based capital ratio
  • 12.43%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $133,559Average earning assets
  • $13,471Average equity
  • $122,818Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $59Managed 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
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 5Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $59Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07361Security First Bank Of North Dakota700 Ash Avenue, New Salem, ND 58563January 01, 1925Full Service Brick and Mortar
    2224769Paying And Receiving Station BranchMain Street, Almont, ND 58520Febuary 17, 1978Limited Service Facility
    316113Center BranchMain Street And Center Avenue, Center, ND 58530January 02, 1980Full Service Brick and Mortar
    4356623Mandan Branch614 West Main Street, Mandan, ND 58554June 05, 2000Full Service Brick and Mortar
    5433040Security First Bank Of North Dakota3000 North 14th Street, Bismarck, ND 58503November 16, 2004Full Service Brick and Mortar

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