The Dakota Western Bank in Bowman, North Dakota (ND)

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The Dakota Western Bank
GeneralFDIC Certificate #: 8637
Status: Active
Federal Reserve ID: 827458
Bank Holding Company (Regulatory Top Holder): Dakota Western Bankshares, Inc. (RSSDID: 1124798, Location: Bowman, ND)
Date Established: January 01, 1910
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 12179
FDIC's unique #: 5509
Numeric code: 13
Regulator: FED
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: July 23, 2008
Last Structure Change Process Date: July 24, 2008
Last Data Update: July 24, 2008
Data Source Date: April 05, 2012
LocationAddress: 202 South Main Street, Bowman, ND 58623
County: Bowman
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of ChangesChange in Location
Financial SummaryTotal assets: $216.3 mil
Equity capital: $20.6 mil
Deposits held in domestic offices: $182.7 mil
Return on assets (ROA): 1.57% ($3.4 mil)
Quarterly return on assets: 0.93% ($2.0 mil)
Return on Equity (ROE): 17.28% ($3.6 mil)
Quarterly return on equity: 9.91% ($2.1 mil)
Net income: $3.1 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.69% ($3,654.8 mil)
Quarterly Pretax return on assets: 1.05% ($2,270.8 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)35
Total assets$216,263
Cash and due from depository institutions$24,319
Interest-bearing balances$22,869
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$120,646
Loan loss allowance $1,934
Trading account assets$0
Bank premises and fixed assets$2,273
Other real estate owned$48
Goodwill and other intangibles$2
All other assets$5,910
Life insurance assets$216,263
Total liabilities and capital$195,645
Total liabilities$182,667
Total deposits$143,952
Interest-bearing deposits$182,667
Deposits held in domestic offices$79
% insured (estimated)2519.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$8,007
Other borrowed funds $0
Subordinated debt $2,452
All other liabilities $20,618
Total equity capital$20,618
Total bank equity capital$20,618
Perpetual preferred stock$0
Common stock$600
Undivided profits $11,018
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 $977
Earning assets $0
Long-term assets (5+ years) $2,533
Average Assets, year-to-date $206,580
Average Assets, quarterly $51,895
Volatile liabilities $195,382
Insider loans $207,863
FHLB advances $138,856
Loans and leases held for sale $202,174
Unused loan commitments $1,663
Tier 1 (core) risk-based capital $1,663
Tier 2 risk-based capital $19,296
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $19,806
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,915
Total interest expense $2,228
Net interest income $7,687
Provision for loan and lease losses $1,105
Total noninterest income $644
Fiduciary activities $0
Service charges on deposit accounts $397
Trading account gains & fees $0
Additional noninterest income $247
Total noninterest expense $4,183
Salaries and employee benefits $2,306
Premises and equipment expense $559
Additional noninterest expense $1,318
Pre-tax net operating income $3,043
Securities gains (losses) $260
Applicable income taxes $240
Income before extraordinary items $3,063
Extraordinary gains - net $0
Net income attributable to bank $3,063
Net charge-offs $0
Cash dividends $3,063
Sale, conversion, retirement of capital stock, net $887
Net operating income $1,645
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.34%
Cost of funding earning assets 1.20%
Net interest margin 4.14%
Noninterest income to earning assets 0.35%
Noninterest expense to earning assets 2.25%
Net operating income to assets 1.44%
Return on assets (ROA) 1.57%
Pretax return on assets 1.69%
Return on equity (ROE) 17.28%
Retained earnings to average equity (YTD only) 8.00%
Net charge-offs to loans 0.74%
Credit loss provision to net charge-offs 124.58%
Efficiency ratio4.68%
Assets per employee$49,982
Cash dividends to net income (YTD only)6.18%
Condition Ratios (%)
Loss allowance to loans 53.71%
Loss allowance to noncurrent loans 1.58%
Noncurrent assets plus other real estate owned to assets 197.95%
Noncurrent loans to loans 0.55%
Net loans and leases to deposits0.80%
Net loans and leases to core deposits 66.05%
Equity capital to assets 70.09%
Core capital (leverage) ratio 9.53%
Tier 1 risk-based capital ratio 9.54%
Total risk-based capital ratio 13.90%
Average assets$15
Average earning assets$195,382
Average equity $17,725
Average loans $185,612
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4 North Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05509The Dakota Western Bank202 South Main Street, Bowman, ND 58623January 01, 1910Full Service Brick and Mortar
1218791Paying And Receiving BranchMain Street, Rhame, ND 58651November 15, 1976Limited Service Facility
2218792Scranton Branch307 Hiway 67 North, Scranton, ND 58653November 01, 1996Full Service Brick and Mortar
316194West River State Bank BranchAdams Avenue And Fourth Street, Hettinger, ND 58639May 05, 1980Full Service Brick and Mortar
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