The Dakota Western Bank in Bowman, North Dakota (ND)
| The Dakota Western Bank | |
|---|---|
| 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 WWW: http://www.dakotawesternbank.com 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) |
| 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 |
| Securities | $63,065 |
| 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 |
| Surplus | $9,000 |
| Undivided profits | $11,018 |
| 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 | $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 |
| Derivatives | $195 |
| 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 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.34% |
| 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 ratio | 4.68% |
| 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 deposits | 0.80% |
| 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% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $195,382 |
| Average equity | $17,725 |
| Average loans | $185,612 |
| 4 North Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5509 | The Dakota Western Bank | 202 South Main Street, Bowman, ND 58623 | January 01, 1910 | Full Service Brick and Mortar |  |
| 1 | 218791 | Paying And Receiving Branch | Main Street, Rhame, ND 58651 | November 15, 1976 | Limited Service Facility |  |
| 2 | 218792 | Scranton Branch | 307 Hiway 67 North, Scranton, ND 58653 | November 01, 1996 | Full Service Brick and Mortar | |
| 3 | 16194 | West River State Bank Branch | Adams Avenue And Fourth Street, Hettinger, ND 58639 | May 05, 1980 | Full Service Brick and Mortar | |
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