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

This bank is inactive as of June 09, 1997

  • State Bank of Towner in Towner, North Dakota (ND)
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State Bank of Towner - Overview

  • General
  • FDIC Certificate #: 22663
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Western State Bank (#9123)
    Federal Reserve ID: 1016651
    Date Established: January 17, 1977
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 13985
    FDIC's unique #: 15816
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 01, 1978
    Last Structure Change Effective Date: June 09, 1997
    Last Structure Change Process Date: June 30, 1997
    Last Data Update: June 30, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Towner, ND 58788
    County: Mchenry
    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
  • Financial Summary
  • Total assets: $40.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $19Total assets
  • $38,214Cash and due from depository institutions
  • $1,419Interest-bearing balances
  • $99Securities
  • $7,109Federal funds sold & reverse repurchase agreements
  • $1,400Net loans & leases
  • $26,680Loan loss allowance
  • $411Trading account assets
  • $0Bank premises and fixed assets
  • $474Other real estate owned
  • $0Goodwill and other intangibles
  • $916Life insurance assets
  • $216All other assets
  • $0Total liabilities and capital
  • $38,214Total liabilities
  • $35,191Total deposits
  • $34,524Interest-bearing deposits
  • $31,512Deposits held in domestic offices
  • 34524.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $667Total equity capital
  • $667Total bank equity capital
  • $3,023Perpetual preferred stock
  • $0Common stock
  • $750Surplus
  • $1,934Undivided profits
  • Memoranda
  • $339Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $784Income earned, not collected on loans
  • $622Earning assets
  • $35,288Long-term assets (5+ years)
  • $3,297Average Assets, year-to-date
  • $37,387Average Assets, quarterly
  • $38,187Volatile liabilities
  • $1,466Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,914Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,770Total risk weighted assets
  • $30,212Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,958Total interest expense
  • $1,455Net interest income
  • $1,503Provision for loan and lease losses
  • $138Total noninterest income
  • $168Fiduciary activities
  • $0Service charges on deposit accounts
  • $85Trading account gains & fees
  • $0Additional noninterest income
  • $83Total noninterest expense
  • $840Salaries and employee benefits
  • $439Premises and equipment expense
  • $109Additional noninterest expense
  • $292Pre-tax net operating income
  • $693Securities gains (losses)
  • -$17Applicable income taxes
  • $252Income before extraordinary items
  • $424Extraordinary gains - net
  • $0Net income attributable to bank
  • $424Net charge-offs
  • $96Cash dividends
  • $295Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.50%Cost of funding earning assets
  • 4.18%Net interest margin
  • 4.32%Noninterest income to earning assets
  • 0.48%Noninterest expense to earning assets
  • 2.41%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 1.81%Return on equity (ROE)
  • 14.25%Retained earnings to average equity (YTD only)
  • 4.33%Net charge-offs to loans
  • 0.36%Credit loss provision to net charge-offs
  • 143.75%Efficiency ratio
  • 49,252Assets per employee
  • 2.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 69.58%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 52.42%Noncurrent assets plus other real estate owned to assets
  • 2.05%Noncurrent loans to loans
  • 2.89%Net loans and leases to deposits
  • 77.28%Net loans and leases to core deposits
  • 80.71%Equity capital to assets
  • 7.91%Core capital (leverage) ratio
  • 7.39%Tier 1 risk-based capital ratio
  • 9.17%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $37,387Average earning assets
  • $2,976Average equity
  • $34,783Average loans

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