Turtle Mountain State Bank in Belcourt, North Dakota (ND)



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Turtle Mountain State Bank routing number info

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Turtle Mountain State Bank
GeneralFDIC Certificate #: 58586
Status: Active
Federal Reserve ID: 3626184
Date Established: December 03, 2007
WWW: http://www.tmstatebank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 457433
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: December 03, 2007
Last Structure Change Effective Date: August 04, 2008
Last Structure Change Process Date: August 26, 2008
Last Data Update: August 26, 2008
Data Source Date: April 05, 2012
LocationAddress: 10 West Main Street, Belcourt, ND 58316
County: Rolette
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
Financial SummaryTotal assets: $20.8 mil
Equity capital: $2.2 mil
Deposits held in domestic offices: $18.4 mil
Return on assets (ROA): 0.66% ($0.1 mil)
Quarterly return on assets: 0.76% ($0.2 mil)
Return on Equity (ROE): 6.36% ($0.1 mil)
Quarterly return on equity: 7.52% ($0.2 mil)
Net income: $0.1 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.73% ($152.0 mil)
Quarterly Pretax return on assets: 1.03% ($214.4 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)
Total employees (full-time equivalent)8
Total assets$20,820
Cash and due from depository institutions$5,036
Interest-bearing balances$2,969
Securities$2,739
Federal funds sold & reverse repurchase agreements$500
Net loans & leases$11,881
Loan loss allowance $162
Trading account assets$0
Bank premises and fixed assets$284
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$380
Life insurance assets$20,820
Total liabilities and capital$18,573
Total liabilities$18,447
Total deposits$14,218
Interest-bearing deposits$18,447
Deposits held in domestic offices$69
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $126
All other liabilities $2,247
Total equity capital$2,247
Total bank equity capital$2,247
Perpetual preferred stock$0
Common stock$100
Surplus$3,429
Undivided profits $-1,282
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 $3
Earning assets $0
Long-term assets (5+ years) $142
Average Assets, year-to-date $18,089
Average Assets, quarterly $3,658
Volatile liabilities $20,883
Insider loans $22,109
FHLB advances $11,464
Loans and leases held for sale $24,442
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,175
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $909
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $802
Total interest expense $135
Net interest income $667
Provision for loan and lease losses $60
Total noninterest income $426
Fiduciary activities $0
Service charges on deposit accounts $111
Trading account gains & fees $0
Additional noninterest income $315
Total noninterest expense $880
Salaries and employee benefits $419
Premises and equipment expense $145
Additional noninterest expense $316
Pre-tax net operating income $153
Securities gains (losses) $0
Applicable income taxes $15
Income before extraordinary items $138
Extraordinary gains - net $0
Net income attributable to bank $138
Net charge-offs $0
Cash dividends $138
Sale, conversion, retirement of capital stock, net $14
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.45%
Cost of funding earning assets 0.75%
Net interest margin 3.70%
Noninterest income to earning assets 2.36%
Noninterest expense to earning assets 4.88%
Net operating income to assets 0.66%
Return on assets (ROA) 0.66%
Pretax return on assets 0.73%
Return on equity (ROE) 6.36%
Retained earnings to average equity (YTD only) 6.36%
Net charge-offs to loans 0.13%
Credit loss provision to net charge-offs 428.57%
Efficiency ratio15.21%
Assets per employee$80,512
Cash dividends to net income (YTD only)2.60%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.35%
Noncurrent assets plus other real estate owned to assets 5400.00%
Noncurrent loans to loans 0.01%
Net loans and leases to deposits0.02%
Net loans and leases to core deposits 64.41%
Equity capital to assets 69.76%
Core capital (leverage) ratio 10.79%
Tier 1 risk-based capital ratio 8.90%
Total risk-based capital ratio 18.97%
Memoranda
Average assets$20
Average earning assets$20,883
Average equity $2,171
Average loans $18,030
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1 North Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0457433Turtle Mountain State Bank10 West Main Street, Belcourt, ND 58316December 03, 2007Full Service Brick and Mortar
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