The Dakota Western Bank in Bowman, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Dakota Western Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 35Total employees (full-time equivalent)
  • $216,263Total assets
  • $24,319Cash and due from depository institutions
  • $22,869Interest-bearing balances
  • $63,065Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $120,646Net loans & leases
  • $1,934Loan loss allowance
  • $0Trading account assets
  • $2,273Bank premises and fixed assets
  • $48Other real estate owned
  • $2Goodwill and other intangibles
  • $216,263Life insurance assets
  • $5,910All other assets
  • $195,645Total liabilities and capital
  • $182,667Total liabilities
  • $143,952Total deposits
  • $182,667Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 2519.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,007Trading liabilities
  • $0Other borrowed funds
  • $2,452Subordinated debt
  • $20,618All other liabilities
  • $20,618Total equity capital
  • $20,618Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $9,000Surplus
  • $11,018Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $977Income earned, not collected on loans
  • $0Earning assets
  • $2,533Long-term assets (5+ years)
  • $206,580Average Assets, year-to-date
  • $51,895Average Assets, quarterly
  • $195,382Volatile liabilities
  • $207,863Insider loans
  • $138,856FHLB advances
  • $202,174Loans and leases held for sale
  • $1,663Unused loan commitments
  • $1,663Tier 1 (core) risk-based capital
  • $19,296Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,806Restructured Loans and leases
  • $195Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,915Total interest income
  • $2,228Total interest expense
  • $7,687Net interest income
  • $1,105Provision for loan and lease losses
  • $644Total noninterest income
  • $0Fiduciary activities
  • $397Service charges on deposit accounts
  • $0Trading account gains & fees
  • $247Additional noninterest income
  • $4,183Total noninterest expense
  • $2,306Salaries and employee benefits
  • $559Premises and equipment expense
  • $1,318Additional noninterest expense
  • $3,043Pre-tax net operating income
  • $260Securities gains (losses)
  • $240Applicable income taxes
  • $3,063Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,063Net income attributable to bank
  • $0Net charge-offs
  • $3,063Cash dividends
  • $887Sale, conversion, retirement of capital stock, net
  • $1,645Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.34%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 4.14%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 2.25%Noninterest expense to earning assets
  • 1.44%Net operating income to assets
  • 1.57%Return on assets (ROA)
  • 1.69%Pretax return on assets
  • 17.28%Return on equity (ROE)
  • 8.00%Retained earnings to average equity (YTD only)
  • 0.74%Net charge-offs to loans
  • 124.58%Credit loss provision to net charge-offs
  • 4.68%Efficiency ratio
  • 49,982Assets per employee
  • 6.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.71%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 197.95%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 0.80%Net loans and leases to deposits
  • 66.05%Net loans and leases to core deposits
  • 70.09%Equity capital to assets
  • 9.53%Core capital (leverage) ratio
  • 9.54%Tier 1 risk-based capital ratio
  • 13.90%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $195,382Average earning assets
  • $17,725Average equity
  • $185,612Average loans

List of branches

  • 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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