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


The First State Bank of Munich - Overview

  • General
  • FDIC Certificate #: 15598
    Status: Active
    Federal Reserve ID: 877350
    Bank Holding Company (Regulatory Top Holder): Munich Bancshares, Inc. (RSSDID: 1126626, Location: Munich, ND)
    Date Established: January 01, 1905
    WWW: http://www.fsbmunich.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 15571
    FDIC's unique #: 9884
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: May 02, 1938
    Last Structure Change Effective Date: May 26, 2009
    Last Structure Change Process Date: May 26, 2009
    Last Data Update: May 26, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 416 Main Street, Munich, ND 58352
    County: Cavalier
    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
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $109.1 mil
    Equity capital: $11.3 mil
    Deposits held in domestic offices: $97.3 mil
    Return on assets (ROA): 1.21% ($1.3 mil)
    Quarterly return on assets: 0.76% ($0.8 mil)
    Return on Equity (ROE): 11.55% ($1.3 mil)
    Quarterly return on equity: 7.25% ($0.8 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.87% ($2,039.9 mil)
    Quarterly Pretax return on assets: 1.20% ($1,309.0 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
  • 27Total employees (full-time equivalent)
  • $109,086Total assets
  • $11,143Cash and due from depository institutions
  • $10,497Interest-bearing balances
  • $12,928Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $81,152Net loans & leases
  • $1,230Loan loss allowance
  • $0Trading account assets
  • $967Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $109,086Life insurance assets
  • $2,896All other assets
  • $97,788Total liabilities and capital
  • $97,282Total liabilities
  • $73,515Total deposits
  • $97,282Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $216Trading liabilities
  • $0Other borrowed funds
  • $290Subordinated debt
  • $11,298All other liabilities
  • $11,298Total equity capital
  • $11,298Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $3,200Surplus
  • $7,298Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5Income earned, not collected on loans
  • $0Earning assets
  • $1,961Long-term assets (5+ years)
  • $104,577Average Assets, year-to-date
  • $9,769Average Assets, quarterly
  • $102,845Volatile liabilities
  • $107,237Insider loans
  • $85,716FHLB advances
  • $107,345Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,288Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,631Restructured Loans and leases
  • $1,711Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,975Total interest income
  • $767Total interest expense
  • $4,208Net interest income
  • $40Provision for loan and lease losses
  • $167Total noninterest income
  • $0Fiduciary activities
  • $68Service charges on deposit accounts
  • $0Trading account gains & fees
  • $99Additional noninterest income
  • $2,409Total noninterest expense
  • $1,312Salaries and employee benefits
  • $322Premises and equipment expense
  • $775Additional noninterest expense
  • $1,926Pre-tax net operating income
  • $0Securities gains (losses)
  • $682Applicable income taxes
  • $1,244Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,244Net income attributable to bank
  • $0Net charge-offs
  • $1,244Cash dividends
  • -$11Sale, conversion, retirement of capital stock, net
  • $400Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.05%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 4.27%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 2.45%Noninterest expense to earning assets
  • 1.21%Net operating income to assets
  • 1.21%Return on assets (ROA)
  • 1.87%Pretax return on assets
  • 11.55%Return on equity (ROE)
  • 7.84%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -363.64%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 55,063Assets per employee
  • 4.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.15%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 24600.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 83.42%Net loans and leases to core deposits
  • 91.40%Equity capital to assets
  • 10.36%Core capital (leverage) ratio
  • 10.52%Tier 1 risk-based capital ratio
  • 13.17%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $102,845Average earning assets
  • $10,771Average equity
  • $98,442Average loans

List of branches

  • 3 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09884The First State Bank Of Munich416 Main Street, Munich, ND 58352January 01, 1905Full Service Brick and Mortar
    1234630Paying And Receiving BranchBroad Street, Osnabrock, ND 58269August 15, 1941Full Service Brick and Mortar
    3234632Devils Lake Branch205 Hiway 2 West, Devils Lake, ND 58301September 02, 1997Full Service Brick and Mortar

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