State Bank & Trust of Kenmare in Kenmare, North Dakota (ND)



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State Bank & Trust of Kenmare routing number info

Table of contents:
State Bank & Trust of Kenmare
GeneralFDIC 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
WWW: http://www.sbtk.com
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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)22
Total assets$121,208
Cash and due from depository institutions$4,932
Interest-bearing balances$165
Securities$33,688
Federal funds sold & reverse repurchase agreements$19,800
Net loans & leases$60,664
Loan loss allowance $761
Trading account assets$0
Bank premises and fixed assets$717
Other real estate owned$250
Goodwill and other intangibles$0
All other assets$1,157
Life insurance assets$121,208
Total liabilities and capital$113,221
Total liabilities$112,181
Total deposits$95,823
Interest-bearing deposits$112,181
Deposits held in domestic offices$80
% insured (estimated)543.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$239
Other borrowed funds $0
Subordinated debt $258
All other liabilities $7,987
Total equity capital$7,987
Total bank equity capital$7,987
Perpetual preferred stock$0
Common stock$1,000
Surplus$3,915
Undivided profits $3,072
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $236
Earning assets $0
Long-term assets (5+ years) $719
Average Assets, year-to-date $114,317
Average Assets, quarterly $20,650
Volatile liabilities $110,321
Insider loans $119,325
FHLB advances $69,842
Loans and leases held for sale $122,415
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,867
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $12,716
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,951
Total interest expense $896
Net interest income $3,055
Provision for loan and lease losses $0
Total noninterest income $134
Fiduciary activities $4
Service charges on deposit accounts $54
Trading account gains & fees $0
Additional noninterest income $76
Total noninterest expense $1,976
Salaries and employee benefits $1,253
Premises and equipment expense $278
Additional noninterest expense $445
Pre-tax net operating income $1,213
Securities gains (losses) $0
Applicable income taxes $79
Income before extraordinary items $1,134
Extraordinary gains - net $0
Net income attributable to bank $1,134
Net charge-offs $0
Cash dividends $1,134
Sale, conversion, retirement of capital stock, net -$16
Net operating income $542
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.80%
Cost of funding earning assets 0.86%
Net interest margin 2.94%
Noninterest income to earning assets 0.13%
Noninterest expense to earning assets 1.90%
Net operating income to assets 1.03%
Return on assets (ROA) 1.03%
Pretax return on assets 1.10%
Return on equity (ROE) 14.88%
Retained earnings to average equity (YTD only) 7.77%
Net charge-offs to loans -0.02%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$61,963
Cash dividends to net income (YTD only)5.51%
Condition Ratios (%)
Loss allowance to loans 47.80%
Loss allowance to noncurrent loans 1.24%
Noncurrent assets plus other real estate owned to assets 322.46%
Noncurrent loans to loans 0.40%
Net loans and leases to deposits0.38%
Net loans and leases to core deposits 54.08%
Equity capital to assets 55.84%
Core capital (leverage) ratio 6.59%
Tier 1 risk-based capital ratio 6.43%
Total risk-based capital ratio 11.26%
Memoranda
Average assets$12
Average earning assets$110,321
Average equity $7,622
Average loans $103,930
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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$2,644
Number of Accounts1
Personal trust and agency accounts$1,818
Employee benefit-defined contribution accounts$1,818
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 Accounts9
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$826
Corporate trust and agency accounts$826
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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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