The First State Bank of Munich in Munich, North Dakota (ND)
| The First State Bank of Munich | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 27 |
| Total assets | $109,086 |
| Cash and due from depository institutions | $11,143 |
| Interest-bearing balances | $10,497 |
| Securities | $12,928 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $81,152 |
| Loan loss allowance | $1,230 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $967 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,896 |
| Life insurance assets | $109,086 |
| Total liabilities and capital | $97,788 |
| Total liabilities | $97,282 |
| Total deposits | $73,515 |
| Interest-bearing deposits | $97,282 |
| Deposits held in domestic offices | $94 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $216 |
| Other borrowed funds | $0 |
| Subordinated debt | $290 |
| All other liabilities | $11,298 |
| Total equity capital | $11,298 |
| Total bank equity capital | $11,298 |
| Perpetual preferred stock | $0 |
| Common stock | $800 |
| Surplus | $3,200 |
| Undivided profits | $7,298 |
| 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 | $5 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,961 |
| Average Assets, year-to-date | $104,577 |
| Average Assets, quarterly | $9,769 |
| Volatile liabilities | $102,845 |
| Insider loans | $107,237 |
| FHLB advances | $85,716 |
| Loans and leases held for sale | $107,345 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $11,288 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $16,631 |
| Derivatives | $1,711 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,975 |
| Total interest expense | $767 |
| Net interest income | $4,208 |
| Provision for loan and lease losses | $40 |
| Total noninterest income | $167 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $68 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $99 |
| Total noninterest expense | $2,409 |
| Salaries and employee benefits | $1,312 |
| Premises and equipment expense | $322 |
| Additional noninterest expense | $775 |
| Pre-tax net operating income | $1,926 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $682 |
| Income before extraordinary items | $1,244 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,244 |
| Net charge-offs | $0 |
| Cash dividends | $1,244 |
| Sale, conversion, retirement of capital stock, net | -$11 |
| Net operating income | $400 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.05% |
| Cost of funding earning assets | 0.78% |
| Net interest margin | 4.27% |
| Noninterest income to earning assets | 0.17% |
| Noninterest expense to earning assets | 2.45% |
| Net operating income to assets | 1.21% |
| Return on assets (ROA) | 1.21% |
| Pretax return on assets | 1.87% |
| Return on equity (ROE) | 11.55% |
| Retained earnings to average equity (YTD only) | 7.84% |
| Net charge-offs to loans | -0.01% |
| Credit loss provision to net charge-offs | -363.64% |
| Efficiency ratio | 0.00% |
| Assets per employee | $55,063 |
| Cash dividends to net income (YTD only) | 4.04% |
| Condition Ratios (%) | |
| Loss allowance to loans | 32.15% |
| Loss allowance to noncurrent loans | 1.49% |
| Noncurrent assets plus other real estate owned to assets | 24600.00% |
| Noncurrent loans to loans | 0.00% |
| Net loans and leases to deposits | 0.01% |
| Net loans and leases to core deposits | 83.42% |
| Equity capital to assets | 91.40% |
| Core capital (leverage) ratio | 10.36% |
| Tier 1 risk-based capital ratio | 10.52% |
| Total risk-based capital ratio | 13.17% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $102,845 |
| Average equity | $10,771 |
| Average loans | $98,442 |
| 3 North Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 9884 | The First State Bank Of Munich | 416 Main Street, Munich, ND 58352 | January 01, 1905 | Full Service Brick and Mortar |  |
| 1 | 234630 | Paying And Receiving Branch | Broad Street, Osnabrock, ND 58269 | August 15, 1941 | Full Service Brick and Mortar |  |
| 3 | 234632 | Devils Lake Branch | 205 Hiway 2 West, Devils Lake, ND 58301 | September 02, 1997 | Full Service Brick and Mortar | |
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