Turtle Mountain State Bank in Belcourt, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches


Turtle Mountain State Bank - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    0457433Turtle Mountain State Bank10 West Main Street, Belcourt, ND 58316December 03, 2007Full Service Brick and Mortar

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