Union State Bank of Hazen in Hazen, North Dakota (ND)



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Union State Bank of Hazen routing number info

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Union State Bank of Hazen
GeneralFDIC Certificate #: 13195
Status: Active
Federal Reserve ID: 855956
Bank Holding Company (Regulatory Top Holder): Hazen Bancorporation, Inc. (RSSDID: 1128590, Location: Hazen, ND)
Date Established: January 01, 1908
WWW: http://www.betterstate.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 8350
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 205 Central Avenue, N.W., Hazen, ND 58545
County: Mercer
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $97.9 mil
Equity capital: $9.8 mil
Deposits held in domestic offices: $86.9 mil
Return on assets (ROA): 0.37% ($0.4 mil)
Quarterly return on assets: 0.22% ($0.2 mil)
Return on Equity (ROE): 3.78% ($0.4 mil)
Quarterly return on equity: 2.21% ($0.2 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.39% ($381.9 mil)
Quarterly Pretax return on assets: 0.24% ($235.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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)41
Total assets$97,929
Cash and due from depository institutions$11,292
Interest-bearing balances$2,856
Securities$18,609
Federal funds sold & reverse repurchase agreements$3,500
Net loans & leases$58,526
Loan loss allowance $1,335
Trading account assets$0
Bank premises and fixed assets$1,690
Other real estate owned$810
Goodwill and other intangibles$72
All other assets$3,430
Life insurance assets$97,929
Total liabilities and capital$88,081
Total liabilities$86,942
Total deposits$73,515
Interest-bearing deposits$86,942
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$833
Other borrowed funds $0
Subordinated debt $306
All other liabilities $9,848
Total equity capital$9,848
Total bank equity capital$9,848
Perpetual preferred stock$0
Common stock$800
Surplus$3,550
Undivided profits $5,498
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $254
Income earned, not collected on loans $2,456
Earning assets $0
Long-term assets (5+ years) $708
Average Assets, year-to-date $83,491
Average Assets, quarterly $33,783
Volatile liabilities $96,035
Insider loans $97,301
FHLB advances $66,020
Loans and leases held for sale $98,538
Unused loan commitments $1,996
Tier 1 (core) risk-based capital $953
Tier 2 risk-based capital $9,039
Total risk weighted assets $1,043
Total unused commitments $0
Restructured Loans and leases $9,531
Derivatives$611
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,340
Total interest expense $585
Net interest income $3,755
Provision for loan and lease losses $685
Total noninterest income $413
Fiduciary activities $0
Service charges on deposit accounts $149
Trading account gains & fees $0
Additional noninterest income $264
Total noninterest expense $3,117
Salaries and employee benefits $1,579
Premises and equipment expense $363
Additional noninterest expense $1,175
Pre-tax net operating income $366
Securities gains (losses) $13
Applicable income taxes $27
Income before extraordinary items $352
Extraordinary gains - net $0
Net income attributable to bank $352
Net charge-offs $0
Cash dividends $352
Sale, conversion, retirement of capital stock, net $780
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 assets5.19%
Cost of funding earning assets 0.70%
Net interest margin 4.49%
Noninterest income to earning assets 0.49%
Noninterest expense to earning assets 3.73%
Net operating income to assets 0.35%
Return on assets (ROA) 0.37%
Pretax return on assets 0.39%
Return on equity (ROE) 3.78%
Retained earnings to average equity (YTD only) 3.78%
Net charge-offs to loans 1.29%
Credit loss provision to net charge-offs 87.82%
Efficiency ratio1.35%
Assets per employee$74,784
Cash dividends to net income (YTD only)2.39%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.23%
Noncurrent assets plus other real estate owned to assets 54.36%
Noncurrent loans to loans 3.34%
Net loans and leases to deposits4.10%
Net loans and leases to core deposits 67.32%
Equity capital to assets 71.71%
Core capital (leverage) ratio 10.06%
Tier 1 risk-based capital ratio 9.17%
Total risk-based capital ratio 13.69%
Memoranda
Average assets$15
Average earning assets$96,035
Average equity $9,317
Average loans $83,608
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5 North Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08350Union State Bank Of Hazen205 Central Avenue, N.W., Hazen, ND 58545January 01, 1908Full Service Brick and Mortar
1229303Paying And Receiving Branch105 Harmon Avenue, Stanton, ND 58571January 15, 1965Limited Service Facility
3229305Paying And Receiving Station Branch117 Main Street, Zap, ND 58580July 06, 1981Limited Service Facility
4449833Union State Bank - Beulah Branch504 West Main Street, Beulah, ND 58523March 16, 2006Full Service Brick and Mortar
5509800Union State Bank1221 Main Street West, Hazen, ND 58545May 21, 2010Limited Service Facility
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