State Bank & Trust of Kenmare in Kenmare, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

State Bank & Trust of Kenmare - Overview

  • General
  • FDIC Certificate #: 2057
    Status: Active
    Federal Reserve ID: 675659
    Bank Holding Company (Regulatory Top Holder): Jorgenson Holding Company (RSSDID: 1122057, Location: Kenmare, 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: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 1361
    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: May 27, 2010
    Last Structure Change Process Date: May 27, 2010
    Last Data Update: May 27, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 4 2nd St Nw, Kenmare, ND 58746
    County: Ward
    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
    Core Based Statistical Area (CBSA): Minot, ND (#33500)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $121.2 mil
    Equity capital: $8.0 mil
    Deposits held in domestic offices: $112.2 mil
    Return on assets (ROA): 1.03% ($1.2 mil)
    Quarterly return on assets: 0.73% ($0.9 mil)
    Return on Equity (ROE): 14.88% ($1.2 mil)
    Quarterly return on equity: 10.96% ($0.9 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.10% ($1,333.3 mil)
    Quarterly Pretax return on assets: 0.78% ($945.4 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, 2011)

  • Dollar figures in thousands
  • 22Total employees (full-time equivalent)
  • $121,208Total assets
  • $4,932Cash and due from depository institutions
  • $165Interest-bearing balances
  • $33,688Securities
  • $19,800Federal funds sold & reverse repurchase agreements
  • $60,664Net loans & leases
  • $761Loan loss allowance
  • $0Trading account assets
  • $717Bank premises and fixed assets
  • $250Other real estate owned
  • $0Goodwill and other intangibles
  • $121,208Life insurance assets
  • $1,157All other assets
  • $113,221Total liabilities and capital
  • $112,181Total liabilities
  • $95,823Total deposits
  • $112,181Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 543.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $239Trading liabilities
  • $0Other borrowed funds
  • $258Subordinated debt
  • $7,987All other liabilities
  • $7,987Total equity capital
  • $7,987Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $3,915Surplus
  • $3,072Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $236Income earned, not collected on loans
  • $0Earning assets
  • $719Long-term assets (5+ years)
  • $114,317Average Assets, year-to-date
  • $20,650Average Assets, quarterly
  • $110,321Volatile liabilities
  • $119,325Insider loans
  • $69,842FHLB advances
  • $122,415Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,867Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,716Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,951Total interest income
  • $896Total interest expense
  • $3,055Net interest income
  • $0Provision for loan and lease losses
  • $134Total noninterest income
  • $4Fiduciary activities
  • $54Service charges on deposit accounts
  • $0Trading account gains & fees
  • $76Additional noninterest income
  • $1,976Total noninterest expense
  • $1,253Salaries and employee benefits
  • $278Premises and equipment expense
  • $445Additional noninterest expense
  • $1,213Pre-tax net operating income
  • $0Securities gains (losses)
  • $79Applicable income taxes
  • $1,134Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,134Net income attributable to bank
  • $0Net charge-offs
  • $1,134Cash dividends
  • -$16Sale, conversion, retirement of capital stock, net
  • $542Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.80%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 2.94%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 1.90%Noninterest expense to earning assets
  • 1.03%Net operating income to assets
  • 1.03%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 14.88%Return on equity (ROE)
  • 7.77%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 61,963Assets per employee
  • 5.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.80%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 322.46%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 54.08%Net loans and leases to core deposits
  • 55.84%Equity capital to assets
  • 6.59%Core capital (leverage) ratio
  • 6.43%Tier 1 risk-based capital ratio
  • 11.26%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $110,321Average earning assets
  • $7,622Average equity
  • $103,930Average 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
  • $2,644Managed Assets
  • 1Number of Accounts
  • $1,818Personal trust and agency accounts
  • $1,818Employee 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
  • 9Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $826Other retirement accounts
  • $826Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01361State Bank & Trust Of Kenmare4 2nd St Nw, Kenmare, ND 58746January 01, 1925Full Service Brick and Mortar
    1513960State Bank & Trust Of Kenmare/Bertho209 Main Street North, Berthold, ND 58718November 09, 2010Full Service Brick and Mortar

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