FDIC 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
Location
Address: 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 Summary
Total 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
8Total employees (full-time equivalent)
$20,820Total assets
$5,036Cash and due from depository institutions
$2,969Interest-bearing balances
$2,739Securities
$500Federal funds sold & reverse repurchase agreements
$11,881Net loans & leases
$162Loan loss allowance
$0Trading account assets
$284Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$20,820Life insurance assets
$380All other assets
$18,573Total liabilities and capital
$18,447Total liabilities
$14,218Total deposits
$18,447Interest-bearing deposits
$69Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$126Subordinated debt
$2,247All other liabilities
$2,247Total equity capital
$2,247Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$3,429Surplus
$-1,282Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3Income earned, not collected on loans
$0Earning assets
$142Long-term assets (5+ years)
$18,089Average Assets, year-to-date
$3,658Average Assets, quarterly
$20,883Volatile liabilities
$22,109Insider loans
$11,464FHLB advances
$24,442Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,175Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$909Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$802Total interest income
$135Total interest expense
$667Net interest income
$60Provision for loan and lease losses
$426Total noninterest income
$0Fiduciary activities
$111Service charges on deposit accounts
$0Trading account gains & fees
$315Additional noninterest income
$880Total noninterest expense
$419Salaries and employee benefits
$145Premises and equipment expense
$316Additional noninterest expense
$153Pre-tax net operating income
$0Securities gains (losses)
$15Applicable income taxes
$138Income before extraordinary items
$0Extraordinary gains - net
$138Net income attributable to bank
$0Net charge-offs
$138Cash dividends
$14Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.45%Yield on earning assets
0.75%Cost of funding earning assets
3.70%Net interest margin
2.36%Noninterest income to earning assets
4.88%Noninterest expense to earning assets
0.66%Net operating income to assets
0.66%Return on assets (ROA)
0.73%Pretax return on assets
6.36%Return on equity (ROE)
6.36%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
428.57%Credit loss provision to net charge-offs
15.21%Efficiency ratio
80,512Assets per employee
2.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.35%Loss allowance to noncurrent loans
5400.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.02%Net loans and leases to deposits
64.41%Net loans and leases to core deposits
69.76%Equity capital to assets
10.79%Core capital (leverage) ratio
8.90%Tier 1 risk-based capital ratio
18.97%Total risk-based capital ratio
Memoranda
$20Average assets
$20,883Average earning assets
$2,171Average equity
$18,030Average loans
List of branches
1 North Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
457433
Turtle Mountain State Bank
10 West Main Street, Belcourt, ND 58316
December 03, 2007
Full Service Brick and Mortar
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