State Bank & Trust in Fargo, North Dakota (ND), MN, ID
Overview, Financial Summary, Detailed Financial Reports, Branches

  • State Bank & Trust in Fargo, North Dakota (ND), MN, ID
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State Bank & Trust - Overview

  • General
  • FDIC Certificate #: 19581
    Status: Active
    Federal Reserve ID: 929352
    Bank Holding Company (Regulatory Top Holder): State Bankshares, Inc. (RSSDID: 1417333, Location: Fargo, ND)
    Date Established: May 06, 1966
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 16 (Domestic: 16, Interstate: Yes)
    FDIC's unique #: 13381
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 06, 1966
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3100 13th Avenue, South, Fargo, ND 58103
    County: Cass
    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): Fargo-Moorhead, ND-MN (#2520)
    Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
    Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020)
    CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $2,226.6 mil
    Equity capital: $207.1 mil
    Deposits held in domestic offices: $1,916.5 mil
    Return on assets (ROA): 1.20% ($26.7 mil)
    Quarterly return on assets: 1.14% ($25.4 mil)
    Return on Equity (ROE): 12.63% ($26.1 mil)
    Quarterly return on equity: 11.97% ($24.8 mil)
    Net income: $25.1 mil
    Quarterly Net income: $6.1 mil
    Pretax return on assets: 1.89% ($42,083.1 mil)
    Quarterly Pretax return on assets: 1.79% ($39,856.5 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
  • 648Total employees (full-time equivalent)
  • $2,226,619Total assets
  • $167,634Cash and due from depository institutions
  • $126,064Interest-bearing balances
  • $35,438Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,955,620Net loans & leases
  • $23,187Loan loss allowance
  • $0Trading account assets
  • $16,784Bank premises and fixed assets
  • $7,510Other real estate owned
  • $3,901Goodwill and other intangibles
  • $2,226,619Life insurance assets
  • $39,732All other assets
  • $2,019,513Total liabilities and capital
  • $1,916,499Total liabilities
  • $1,534,327Total deposits
  • $1,916,499Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 5727.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $75,000Trading liabilities
  • $0Other borrowed funds
  • $22,287Subordinated debt
  • $207,106All other liabilities
  • $207,106Total equity capital
  • $207,106Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $81,773Surplus
  • $124,733Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $65,107Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,197Income earned, not collected on loans
  • $427Earning assets
  • $11,206Long-term assets (5+ years)
  • $2,117,122Average Assets, year-to-date
  • $415,610Average Assets, quarterly
  • $2,088,848Volatile liabilities
  • $2,151,610Insider loans
  • $1,855,671FHLB advances
  • $2,132,361Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $203,928Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $336,980Restructured Loans and leases
  • $73,115Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $104,414Total interest income
  • $18,114Total interest expense
  • $86,300Net interest income
  • $2,000Provision for loan and lease losses
  • $37,649Total noninterest income
  • $9,851Fiduciary activities
  • $3,379Service charges on deposit accounts
  • $0Trading account gains & fees
  • $24,419Additional noninterest income
  • $82,418Total noninterest expense
  • $53,059Salaries and employee benefits
  • $7,280Premises and equipment expense
  • $22,079Additional noninterest expense
  • $39,531Pre-tax net operating income
  • -$31Securities gains (losses)
  • $14,440Applicable income taxes
  • $25,060Income before extraordinary items
  • $0Extraordinary gains - net
  • $25,060Net income attributable to bank
  • $0Net charge-offs
  • $25,060Cash dividends
  • $1,471Sale, conversion, retirement of capital stock, net
  • $10,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 4.34%Net interest margin
  • 1.89%Noninterest income to earning assets
  • 4.15%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.89%Pretax return on assets
  • 12.63%Return on equity (ROE)
  • 7.59%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 135.96%Credit loss provision to net charge-offs
  • 28.23%Efficiency ratio
  • 66,493Assets per employee
  • 3.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.90%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 152.58%Noncurrent assets plus other real estate owned to assets
  • 1.02%Noncurrent loans to loans
  • 0.77%Net loans and leases to deposits
  • 102.04%Net loans and leases to core deposits
  • 106.22%Equity capital to assets
  • 9.30%Core capital (leverage) ratio
  • 9.56%Tier 1 risk-based capital ratio
  • 10.99%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $2,088,848Average earning assets
  • $198,455Average equity
  • $1,988,368Average 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
  • $2,270,566Managed Assets
  • 1Number of Accounts
  • $1,439,376Personal trust and agency accounts
  • $280,649Employee benefit-defined contribution accounts
  • $13,805Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $176,749Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $968,173Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1749Number of Accounts
  • $0Personal trust and agency accounts
  • $173,752Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $831,190Other retirement accounts
  • $219Corporate trust and agency accounts
  • $667,586Other fiduciary accounts
  • $147,223Fiduciary accounts held in foreign offices

List of branches

  • 1 Idaho Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    17492509Boise Trust Branch7661 West Riverside Drive, Suite 105, Boise, ID 83714May 27, 2009Limited Service Trust
  • 6 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    857108Moorhead Branch1333 8th Street South, Moorhead, MN 56560November 01, 1996Full Service Brick and Mortar
    11433209Pelican Rapids Branch15 North Broadway, Pelican Rapids, MN 56572November 29, 2004Full Service Brick and Mortar
    126228Detroit Lakes Branch920 Lake Avenue, Detroit Lakes, MN 56501January 01, 1896Full Service Brick and Mortar
    13437105Audubon Branch385 Eagle Street, Audubon, MN 56511December 31, 2004Full Service Brick and Mortar
    14455630Alexandria Branch1001 Broadway Street, Alexandria, MN 56308September 25, 2006Full Service Brick and Mortar
    15463027Fergus Falls Branch205 West Washington Avenue, Fergus Falls, MN 56537May 14, 2007Full Service Brick and Mortar
  • 9 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013381State Bank & Trust3100 13th Avenue, South, Fargo, ND 58103May 06, 1966Full Service Brick and Mortar
    2248910South Branch2501 South University Drive, Fargo, ND 58103May 04, 1987Full Service Brick and Mortar
    3248911North Broadway Branch2704 North Broadway, Fargo, ND 58102March 02, 1992Full Service Brick and Mortar
    4248912Downtown Branch51 Broadway, Fargo, ND 58102December 20, 1994Full Service Brick and Mortar
    5356651Fargo - South Pointe Branch3545 25th Street South, Fargo, ND 58104May 15, 2000Full Service Brick and Mortar
    612875West Fargo Branch412 Sheyenne Street, West Fargo, ND 58078March 02, 1964Full Service Brick and Mortar
    7364198Time Square Branch5050 13th Avenue, S.W., Fargo, ND 58103March 18, 2002Full Service Brick and Mortar
    10429693Bismarck Trust Branch120 North 3rd Street, Suite 75, Bismarck, ND 58501January 01, 2004Limited Service Trust
    16473837Wahpeton Branch209 Dakota Avenue, Wahpeton, ND 58075April 07, 2008Full Service Brick and Mortar

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