FDIC Certificate #: 11518 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Starion Financial (#33758) Federal Reserve ID: 927255 Date Established: July 05, 1905 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 14526 FDIC's unique #: 7360 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 07, 2011 Last Structure Change Process Date: November 08, 2011 Last Data Update: November 08, 2011 Data Source Date: April 05, 2012
Location
Address: 11 Main Street Ne, Dunseith, ND 58329 County: Rolette 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: $62.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
24Total employees (full-time equivalent)
$61,825Total assets
$6,428Cash and due from depository institutions
$119Interest-bearing balances
$8,811Securities
$5,000Federal funds sold & reverse repurchase agreements
$37,137Net loans & leases
$553Loan loss allowance
$0Trading account assets
$2,251Bank premises and fixed assets
$0Other real estate owned
$33Goodwill and other intangibles
$1,218Life insurance assets
$2,165All other assets
$61,825Total liabilities and capital
$57,196Total liabilities
$56,625Total deposits
$44,461Interest-bearing deposits
$56,625Deposits held in domestic offices
96.02%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$571All other liabilities
$4,629Total equity capital
$4,629Total bank equity capital
$4,629Perpetual preferred stock
$0Common stock
$250Surplus
$1,750Undivided profits
Memoranda
$2,629Noncurrent loans and leases
$7,635Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$41Earning assets
$0Long-term assets (5+ years)
$550Average Assets, year-to-date
$51,067Average Assets, quarterly
$7,444Volatile liabilities
$59,423Insider loans
$60,514FHLB advances
$8,936Loans and leases held for sale
$583Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,635Total unused commitments
$0Restructured Loans and leases
$509Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$2,840Total interest income
$741Total interest expense
$2,099Net interest income
$40Provision for loan and lease losses
$334Total noninterest income
$0Fiduciary activities
$153Service charges on deposit accounts
$0Trading account gains & fees
$181Additional noninterest income
$2,040Total noninterest expense
$1,211Salaries and employee benefits
$340Premises and equipment expense
$489Additional noninterest expense
$353Pre-tax net operating income
-$6Securities gains (losses)
$18Applicable income taxes
$329Income before extraordinary items
$0Extraordinary gains - net
$329Net income attributable to bank
$0Net charge-offs
$329Cash dividends
-$32Sale, conversion, retirement of capital stock, net
$195Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.73%Yield on earning assets
1.50%Cost of funding earning assets
4.24%Net interest margin
0.67%Noninterest income to earning assets
4.12%Noninterest expense to earning assets
0.56%Net operating income to assets
0.55%Return on assets (ROA)
0.58%Pretax return on assets
7.26%Return on equity (ROE)
2.95%Retained earnings to average equity (YTD only)
-0.09%Net charge-offs to loans
-125.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
83,107Assets per employee
2.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
59.27%Loss allowance to loans
1.47%Loss allowance to noncurrent loans
1348.78%Noncurrent assets plus other real estate owned to assets
0.07%Noncurrent loans to loans
0.11%Net loans and leases to deposits
65.58%Net loans and leases to core deposits
77.87%Equity capital to assets
7.49%Core capital (leverage) ratio
7.34%Tier 1 risk-based capital ratio
11.23%Total risk-based capital ratio
Memoranda
$12Average assets
$59,423Average earning assets
$4,535Average equity
$49,562Average loans
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