State Bank of Lakota in Lakota, North Dakota (ND)

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State Bank of Lakota routing number info

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State Bank of Lakota
GeneralFDIC Certificate #: 16477
Status: Active
Federal Reserve ID: 678258
Bank Holding Company (Regulatory Top Holder): Lakota Bank Holding Company, Inc. (RSSDID: 1124994, Location: Lakota, ND)
Date Established: January 01, 1900
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 10640
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: September 16, 1946
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
LocationAddress: 125 Main Street, Lakota, ND 58344
County: Nelson
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
History of ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $53.6 mil
Equity capital: $4.4 mil
Deposits held in domestic offices: $49.1 mil
Return on assets (ROA): 0.87% ($0.5 mil)
Quarterly return on assets: 0.41% ($0.2 mil)
Return on Equity (ROE): 8.92% ($0.4 mil)
Quarterly return on equity: 4.55% ($0.2 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.94% ($503.4 mil)
Quarterly Pretax return on assets: 0.49% ($262.4 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)10
Total assets$53,556
Cash and due from depository institutions$4,681
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$10,000
Net loans & leases$21,555
Loan loss allowance $115
Trading account assets$0
Bank premises and fixed assets$473
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$543
Life insurance assets$53,556
Total liabilities and capital$49,158
Total liabilities$49,067
Total deposits$36,764
Interest-bearing deposits$49,067
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $91
All other liabilities $4,398
Total equity capital$4,398
Total bank equity capital$4,398
Perpetual preferred stock$0
Common stock$100
Undivided profits $1,398
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 $77
Earning assets $0
Long-term assets (5+ years) $453
Average Assets, year-to-date $47,859
Average Assets, quarterly $11,800
Volatile liabilities $45,687
Insider loans $49,996
FHLB advances $26,334
Loans and leases held for sale $53,788
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $4,254
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,430
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,724
Total interest expense $261
Net interest income $1,463
Provision for loan and lease losses $45
Total noninterest income $78
Fiduciary activities $12
Service charges on deposit accounts $30
Trading account gains & fees $0
Additional noninterest income $36
Total noninterest expense $1,036
Salaries and employee benefits $622
Premises and equipment expense $136
Additional noninterest expense $278
Pre-tax net operating income $460
Securities gains (losses) -$29
Applicable income taxes $35
Income before extraordinary items $396
Extraordinary gains - net $0
Net income attributable to bank $396
Net charge-offs $0
Cash dividends $396
Sale, conversion, retirement of capital stock, net $34
Net operating income $340
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.06%
Cost of funding earning assets 0.62%
Net interest margin 3.45%
Noninterest income to earning assets 0.18%
Noninterest expense to earning assets 2.44%
Net operating income to assets 0.93%
Return on assets (ROA) 0.87%
Pretax return on assets 0.94%
Return on equity (ROE) 8.92%
Retained earnings to average equity (YTD only) 1.26%
Net charge-offs to loans 0.16%
Credit loss provision to net charge-offs 132.35%
Efficiency ratio14.85%
Assets per employee$67,229
Cash dividends to net income (YTD only)5.36%
Condition Ratios (%)
Loss allowance to loans 85.86%
Loss allowance to noncurrent loans 0.53%
Noncurrent assets plus other real estate owned to assets 149.35%
Noncurrent loans to loans 0.14%
Net loans and leases to deposits0.36%
Net loans and leases to core deposits 43.93%
Equity capital to assets 44.79%
Core capital (leverage) ratio 8.21%
Tier 1 risk-based capital ratio 7.91%
Total risk-based capital ratio 16.15%
Average assets$17
Average earning assets$45,687
Average equity $4,438
Average loans $42,439
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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$1,863
Number of Accounts1
Personal trust and agency accounts$1,863
Employee benefit-defined contribution accounts$1,057
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$806
Non-managed Assets$0
Number of Accounts5
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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1 North Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010640State Bank Of Lakota125 Main Street, Lakota, ND 58344January 01, 1900Full Service Brick and Mortar
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