The Bank of Tioga in Tioga, North Dakota (ND)
| The Bank of Tioga | |
|---|---|
| General | FDIC Certificate #: 17280 Status: Active Federal Reserve ID: 768953 Bank Holding Company (Regulatory Top Holder): Tioga Bank Holding Company (RSSDID: 1124109, Location: Tioga, ND) Date Established: July 16, 1952 WWW: http://www.thebankoftioga.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 11299 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: December 07, 1953 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: 7 North Main Street, Tioga, ND 58852 County: Williams 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): Williston, ND (#48780) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $111.7 mil Equity capital: $9.9 mil Deposits held in domestic offices: $101.0 mil Return on assets (ROA): 1.24% ($1.4 mil) Quarterly return on assets: 1.11% ($1.2 mil) Return on Equity (ROE): 13.73% ($1.4 mil) Quarterly return on equity: 12.33% ($1.2 mil) Net income: $1.2 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.33% ($1,485.5 mil) Quarterly Pretax return on assets: 1.19% ($1,329.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 15 |
| Total assets | $111,689 |
| Cash and due from depository institutions | $36,118 |
| Interest-bearing balances | $11,488 |
| Securities | $33,685 |
| Federal funds sold & reverse repurchase agreements | $8,000 |
| Net loans & leases | $30,112 |
| Loan loss allowance | $507 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $296 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,478 |
| Life insurance assets | $111,689 |
| Total liabilities and capital | $101,823 |
| Total liabilities | $100,965 |
| Total deposits | $72,154 |
| Interest-bearing deposits | $100,965 |
| Deposits held in domestic offices | $84 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $858 |
| All other liabilities | $9,866 |
| Total equity capital | $9,866 |
| Total bank equity capital | $9,866 |
| Perpetual preferred stock | $0 |
| Common stock | $300 |
| Surplus | $2,200 |
| Undivided profits | $7,366 |
| 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 | $631 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $575 |
| Average Assets, year-to-date | $83,285 |
| Average Assets, quarterly | $32,514 |
| Volatile liabilities | $99,242 |
| Insider loans | $107,282 |
| FHLB advances | $43,770 |
| Loans and leases held for sale | $104,650 |
| Unused loan commitments | $2,558 |
| Tier 1 (core) risk-based capital | $2,558 |
| Tier 2 risk-based capital | $8,491 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,502 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,842 |
| Total interest expense | $330 |
| Net interest income | $2,512 |
| Provision for loan and lease losses | $89 |
| Total noninterest income | $440 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $61 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $379 |
| Total noninterest expense | $1,569 |
| Salaries and employee benefits | $985 |
| Premises and equipment expense | $151 |
| Additional noninterest expense | $433 |
| Pre-tax net operating income | $1,294 |
| Securities gains (losses) | $22 |
| Applicable income taxes | $85 |
| Income before extraordinary items | $1,231 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,231 |
| Net charge-offs | $0 |
| Cash dividends | $1,231 |
| Sale, conversion, retirement of capital stock, net | $325 |
| Net operating income | $300 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.67% |
| Cost of funding earning assets | 0.43% |
| Net interest margin | 3.25% |
| Noninterest income to earning assets | 0.57% |
| Noninterest expense to earning assets | 2.03% |
| Net operating income to assets | 1.22% |
| Return on assets (ROA) | 1.24% |
| Pretax return on assets | 1.33% |
| Return on equity (ROE) | 13.73% |
| Retained earnings to average equity (YTD only) | 10.38% |
| Net charge-offs to loans | 1.13% |
| Credit loss provision to net charge-offs | 27.38% |
| Efficiency ratio | 4.26% |
| Assets per employee | $53,150 |
| Cash dividends to net income (YTD only) | 7.45% |
| Condition Ratios (%) | |
| Loss allowance to loans | 24.37% |
| Loss allowance to noncurrent loans | 1.66% |
| Noncurrent assets plus other real estate owned to assets | 80.35% |
| Noncurrent loans to loans | 0.56% |
| Net loans and leases to deposits | 2.06% |
| Net loans and leases to core deposits | 29.82% |
| Equity capital to assets | 31.64% |
| Core capital (leverage) ratio | 8.83% |
| Tier 1 risk-based capital ratio | 8.11% |
| Total risk-based capital ratio | 19.40% |
| Memoranda | |
| Average assets | $21 |
| Average earning assets | $99,242 |
| Average equity | $8,967 |
| Average loans | $77,354 |
| 1 North Dakota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 11299 | The Bank Of Tioga | 7 North Main Street, Tioga, ND 58852 | July 16, 1952 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.