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

Show street view No street view available for this location

Turtle Mountain State Bank routing number info

Table of contents:
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
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
Undivided profits $-1,282
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
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Average assets$20
Average earning assets$20,883
Average equity $2,171
Average loans $18,030
Back to page top, Back to table top

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
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Turtle Mountain State Bank.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.