Security First Bank of North Dakota in New Salem, North Dakota (ND)



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Security First Bank of North Dakota routing number info

Table of contents:
Security First Bank of North Dakota
GeneralFDIC 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
WWW: http://www.securityfirstbank.com
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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)33
Total assets$140,532
Cash and due from depository institutions$9,318
Interest-bearing balances$5,220
Securities$14,006
Federal funds sold & reverse repurchase agreements$3,923
Net loans & leases$105,105
Loan loss allowance $1,847
Trading account assets$0
Bank premises and fixed assets$3,172
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$5,008
Life insurance assets$140,532
Total liabilities and capital$126,129
Total liabilities$116,108
Total deposits$93,032
Interest-bearing deposits$116,108
Deposits held in domestic offices$93
% insured (estimated)1569.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,906
Other borrowed funds $0
Subordinated debt $1,546
All other liabilities $14,403
Total equity capital$14,403
Total bank equity capital$14,403
Perpetual preferred stock$0
Common stock$400
Surplus$3,600
Undivided profits $10,403
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,571
Income earned, not collected on loans $221
Earning assets $87
Long-term assets (5+ years) $1,319
Average Assets, year-to-date $128,254
Average Assets, quarterly $21,422
Volatile liabilities $133,559
Insider loans $137,089
FHLB advances $114,841
Loans and leases held for sale $138,093
Unused loan commitments $2,673
Tier 1 (core) risk-based capital $2,673
Tier 2 risk-based capital $14,276
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $18,025
Derivatives$64
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,340
Total interest expense $1,152
Net interest income $6,188
Provision for loan and lease losses $244
Total noninterest income $1,051
Fiduciary activities $3
Service charges on deposit accounts $183
Trading account gains & fees $0
Additional noninterest income $865
Total noninterest expense $4,183
Salaries and employee benefits $2,843
Premises and equipment expense $280
Additional noninterest expense $1,060
Pre-tax net operating income $2,812
Securities gains (losses) $0
Applicable income taxes $183
Income before extraordinary items $2,629
Extraordinary gains - net $0
Net income attributable to bank $2,629
Net charge-offs $0
Cash dividends $2,629
Sale, conversion, retirement of capital stock, net $149
Net operating income $994
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.98%
Cost of funding earning assets 0.94%
Net interest margin 5.04%
Noninterest income to earning assets 0.86%
Noninterest expense to earning assets 3.41%
Net operating income to assets 1.97%
Return on assets (ROA) 1.97%
Pretax return on assets 2.11%
Return on equity (ROE) 19.52%
Retained earnings to average equity (YTD only) 12.14%
Net charge-offs to loans 0.14%
Credit loss provision to net charge-offs 163.76%
Efficiency ratio20.51%
Assets per employee$57,784
Cash dividends to net income (YTD only)4.26%
Condition Ratios (%)
Loss allowance to loans 37.81%
Loss allowance to noncurrent loans 1.73%
Noncurrent assets plus other real estate owned to assets 835.75%
Noncurrent loans to loans 0.16%
Net loans and leases to deposits0.21%
Net loans and leases to core deposits 90.52%
Equity capital to assets 94.45%
Core capital (leverage) ratio 10.25%
Tier 1 risk-based capital ratio 10.34%
Total risk-based capital ratio 12.43%
Memoranda
Average assets$14
Average earning assets$133,559
Average equity $13,471
Average loans $122,818
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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$59
Number of Accounts1
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts5
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$59
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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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