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

This bank is inactive as of October 24, 1998

  • The First State Bank of Casselton in Casselton, North Dakota (ND)
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The First State Bank of Casselton - Overview

  • General
  • FDIC Certificate #: 11517
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank North Dakota, National Association (#3922)
    Federal Reserve ID: 923051
    Date Established: January 01, 1882
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 7359
    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: January 01, 1934
    Last Structure Change Effective Date: October 24, 1998
    Last Structure Change Process Date: December 07, 1998
    Last Data Update: December 07, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 Sixth Avenue North, Casselton, ND 58012
    County: Cass
    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
    Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520)
    Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
    Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020)
    CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
  • Financial Summary
  • Total assets: $30.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $37,185Total assets
  • $889Cash and due from depository institutions
  • $0Interest-bearing balances
  • $10,804Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $24,281Net loans & leases
  • $287Loan loss allowance
  • $0Trading account assets
  • $464Bank premises and fixed assets
  • $0Other real estate owned
  • $40Goodwill and other intangibles
  • $0Life insurance assets
  • $707All other assets
  • $37,185Total liabilities and capital
  • $34,059Total liabilities
  • $26,799Total deposits
  • $23,451Interest-bearing deposits
  • $26,799Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $6,525Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $249Other borrowed funds
  • $0Subordinated debt
  • $486All other liabilities
  • $3,126Total equity capital
  • $3,126Total bank equity capital
  • $3,126Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $2,068Undivided profits
  • Memoranda
  • $558Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $448Earning assets
  • $0Long-term assets (5+ years)
  • $552Average Assets, year-to-date
  • $35,085Average Assets, quarterly
  • $4,536Volatile liabilities
  • $34,199Insider loans
  • $36,194FHLB advances
  • $9,659Loans and leases held for sale
  • $330Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,895Total unused commitments
  • $0Restructured Loans and leases
  • $27,675Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $2,754Total interest income
  • $1,276Total interest expense
  • $1,478Net interest income
  • $0Provision for loan and lease losses
  • $94Total noninterest income
  • $0Fiduciary activities
  • $77Service charges on deposit accounts
  • $0Trading account gains & fees
  • $17Additional noninterest income
  • $879Total noninterest expense
  • $492Salaries and employee benefits
  • $96Premises and equipment expense
  • $291Additional noninterest expense
  • $693Pre-tax net operating income
  • $0Securities gains (losses)
  • $213Applicable income taxes
  • $480Income before extraordinary items
  • $0Extraordinary gains - net
  • $480Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $125Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.46%Yield on earning assets
  • 3.92%Cost of funding earning assets
  • 4.54%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • 1.40%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 2.03%Pretax return on assets
  • 16.24%Return on equity (ROE)
  • 12.01%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 115.50%Efficiency ratio
  • 52,672Assets per employee
  • 3.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.04%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 64.06%Noncurrent assets plus other real estate owned to assets
  • 1.20%Noncurrent loans to loans
  • 1.82%Net loans and leases to deposits
  • 90.60%Net loans and leases to core deposits
  • 102.50%Equity capital to assets
  • 8.41%Core capital (leverage) ratio
  • 8.57%Tier 1 risk-based capital ratio
  • 10.87%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $34,199Average earning assets
  • $2,956Average equity
  • $32,569Average loans

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