State Bank & Trust in Fargo, North Dakota (ND), MN, ID
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| State Bank & Trust | |
|---|---|
| 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 WWW: http://www.statebanks.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 648 |
| Total assets | $2,226,619 |
| Cash and due from depository institutions | $167,634 |
| Interest-bearing balances | $126,064 |
| Securities | $35,438 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $1,955,620 |
| Loan loss allowance | $23,187 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $16,784 |
| Other real estate owned | $7,510 |
| Goodwill and other intangibles | $3,901 |
| All other assets | $39,732 |
| Life insurance assets | $2,226,619 |
| Total liabilities and capital | $2,019,513 |
| Total liabilities | $1,916,499 |
| Total deposits | $1,534,327 |
| Interest-bearing deposits | $1,916,499 |
| Deposits held in domestic offices | $84 |
| % insured (estimated) | 5727.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $75,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $22,287 |
| All other liabilities | $207,106 |
| Total equity capital | $207,106 |
| Total bank equity capital | $207,106 |
| Perpetual preferred stock | $0 |
| Common stock | $600 |
| Surplus | $81,773 |
| Undivided profits | $124,733 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $65,107 |
| Income earned, not collected on loans | $15,197 |
| Earning assets | $427 |
| Long-term assets (5+ years) | $11,206 |
| Average Assets, year-to-date | $2,117,122 |
| Average Assets, quarterly | $415,610 |
| Volatile liabilities | $2,088,848 |
| Insider loans | $2,151,610 |
| FHLB advances | $1,855,671 |
| Loans and leases held for sale | $2,132,361 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $203,928 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $336,980 |
| Derivatives | $73,115 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $104,414 |
| Total interest expense | $18,114 |
| Net interest income | $86,300 |
| Provision for loan and lease losses | $2,000 |
| Total noninterest income | $37,649 |
| Fiduciary activities | $9,851 |
| Service charges on deposit accounts | $3,379 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $24,419 |
| Total noninterest expense | $82,418 |
| Salaries and employee benefits | $53,059 |
| Premises and equipment expense | $7,280 |
| Additional noninterest expense | $22,079 |
| Pre-tax net operating income | $39,531 |
| Securities gains (losses) | -$31 |
| Applicable income taxes | $14,440 |
| Income before extraordinary items | $25,060 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $25,060 |
| Net charge-offs | $0 |
| Cash dividends | $25,060 |
| Sale, conversion, retirement of capital stock, net | $1,471 |
| Net operating income | $10,000 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.25% |
| Cost of funding earning assets | 0.91% |
| Net interest margin | 4.34% |
| Noninterest income to earning assets | 1.89% |
| Noninterest expense to earning assets | 4.15% |
| Net operating income to assets | 1.20% |
| Return on assets (ROA) | 1.20% |
| Pretax return on assets | 1.89% |
| Return on equity (ROE) | 12.63% |
| Retained earnings to average equity (YTD only) | 7.59% |
| Net charge-offs to loans | 0.08% |
| Credit loss provision to net charge-offs | 135.96% |
| Efficiency ratio | 28.23% |
| Assets per employee | $66,493 |
| Cash dividends to net income (YTD only) | 3.44% |
| Condition Ratios (%) | |
| Loss allowance to loans | 39.90% |
| Loss allowance to noncurrent loans | 1.17% |
| Noncurrent assets plus other real estate owned to assets | 152.58% |
| Noncurrent loans to loans | 1.02% |
| Net loans and leases to deposits | 0.77% |
| Net loans and leases to core deposits | 102.04% |
| Equity capital to assets | 106.22% |
| Core capital (leverage) ratio | 9.30% |
| Tier 1 risk-based capital ratio | 9.56% |
| Total risk-based capital ratio | 10.99% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $2,088,848 |
| Average equity | $198,455 |
| Average loans | $1,988,368 |
| 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 Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $2,270,566 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $1,439,376 |
| Employee benefit-defined contribution accounts | $280,649 |
| Employee benefit-defined benefit accounts | $13,805 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $176,749 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $968,173 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 1749 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $173,752 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $831,190 |
| Corporate trust and agency accounts | $219 |
| Other fiduciary accounts | $667,586 |
| Fiduciary accounts held in foreign offices | $147,223 |
| 1 Idaho Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 17 | 492509 | Boise Trust Branch | 7661 West Riverside Drive, Suite 105, Boise, ID 83714 | May 27, 2009 | Limited Service Trust |  |
| 6 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 8 | 57108 | Moorhead Branch | 1333 8th Street South, Moorhead, MN 56560 | November 01, 1996 | Full Service Brick and Mortar | |
| 11 | 433209 | Pelican Rapids Branch | 15 North Broadway, Pelican Rapids, MN 56572 | November 29, 2004 | Full Service Brick and Mortar | |
| 12 | 6228 | Detroit Lakes Branch | 920 Lake Avenue, Detroit Lakes, MN 56501 | January 01, 1896 | Full Service Brick and Mortar | |
| 13 | 437105 | Audubon Branch | 385 Eagle Street, Audubon, MN 56511 | December 31, 2004 | Full Service Brick and Mortar | |
| 14 | 455630 | Alexandria Branch | 1001 Broadway Street, Alexandria, MN 56308 | September 25, 2006 | Full Service Brick and Mortar | |
| 15 | 463027 | Fergus Falls Branch | 205 West Washington Avenue, Fergus Falls, MN 56537 | May 14, 2007 | Full Service Brick and Mortar | |
| 9 North Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 13381 | State Bank & Trust | 3100 13th Avenue, South, Fargo, ND 58103 | May 06, 1966 | Full Service Brick and Mortar |  |
| 2 | 248910 | South Branch | 2501 South University Drive, Fargo, ND 58103 | May 04, 1987 | Full Service Brick and Mortar | |
| 3 | 248911 | North Broadway Branch | 2704 North Broadway, Fargo, ND 58102 | March 02, 1992 | Full Service Brick and Mortar | |
| 4 | 248912 | Downtown Branch | 51 Broadway, Fargo, ND 58102 | December 20, 1994 | Full Service Brick and Mortar | |
| 5 | 356651 | Fargo - South Pointe Branch | 3545 25th Street South, Fargo, ND 58104 | May 15, 2000 | Full Service Brick and Mortar | |
| 6 | 12875 | West Fargo Branch | 412 Sheyenne Street, West Fargo, ND 58078 | March 02, 1964 | Full Service Brick and Mortar | |
| 7 | 364198 | Time Square Branch | 5050 13th Avenue, S.W., Fargo, ND 58103 | March 18, 2002 | Full Service Brick and Mortar | |
| 10 | 429693 | Bismarck Trust Branch | 120 North 3rd Street, Suite 75, Bismarck, ND 58501 | January 01, 2004 | Limited Service Trust | |
| 16 | 473837 | Wahpeton Branch | 209 Dakota Avenue, Wahpeton, ND 58075 | April 07, 2008 | Full Service Brick and Mortar | |
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