Union State Bank of Hazen in Hazen, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 41Total employees (full-time equivalent)
  • $97,929Total assets
  • $11,292Cash and due from depository institutions
  • $2,856Interest-bearing balances
  • $18,609Securities
  • $3,500Federal funds sold & reverse repurchase agreements
  • $58,526Net loans & leases
  • $1,335Loan loss allowance
  • $0Trading account assets
  • $1,690Bank premises and fixed assets
  • $810Other real estate owned
  • $72Goodwill and other intangibles
  • $97,929Life insurance assets
  • $3,430All other assets
  • $88,081Total liabilities and capital
  • $86,942Total liabilities
  • $73,515Total deposits
  • $86,942Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $833Trading liabilities
  • $0Other borrowed funds
  • $306Subordinated debt
  • $9,848All other liabilities
  • $9,848Total equity capital
  • $9,848Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $3,550Surplus
  • $5,498Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $254Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,456Income earned, not collected on loans
  • $0Earning assets
  • $708Long-term assets (5+ years)
  • $83,491Average Assets, year-to-date
  • $33,783Average Assets, quarterly
  • $96,035Volatile liabilities
  • $97,301Insider loans
  • $66,020FHLB advances
  • $98,538Loans and leases held for sale
  • $1,996Unused loan commitments
  • $953Tier 1 (core) risk-based capital
  • $9,039Tier 2 risk-based capital
  • $1,043Total risk weighted assets
  • $0Total unused commitments
  • $9,531Restructured Loans and leases
  • $611Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,340Total interest income
  • $585Total interest expense
  • $3,755Net interest income
  • $685Provision for loan and lease losses
  • $413Total noninterest income
  • $0Fiduciary activities
  • $149Service charges on deposit accounts
  • $0Trading account gains & fees
  • $264Additional noninterest income
  • $3,117Total noninterest expense
  • $1,579Salaries and employee benefits
  • $363Premises and equipment expense
  • $1,175Additional noninterest expense
  • $366Pre-tax net operating income
  • $13Securities gains (losses)
  • $27Applicable income taxes
  • $352Income before extraordinary items
  • $0Extraordinary gains - net
  • $352Net income attributable to bank
  • $0Net charge-offs
  • $352Cash dividends
  • $780Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 4.49%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 3.73%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.37%Return on assets (ROA)
  • 0.39%Pretax return on assets
  • 3.78%Return on equity (ROE)
  • 3.78%Retained earnings to average equity (YTD only)
  • 1.29%Net charge-offs to loans
  • 87.82%Credit loss provision to net charge-offs
  • 1.35%Efficiency ratio
  • 74,784Assets per employee
  • 2.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.23%Loss allowance to noncurrent loans
  • 54.36%Noncurrent assets plus other real estate owned to assets
  • 3.34%Noncurrent loans to loans
  • 4.10%Net loans and leases to deposits
  • 67.32%Net loans and leases to core deposits
  • 71.71%Equity capital to assets
  • 10.06%Core capital (leverage) ratio
  • 9.17%Tier 1 risk-based capital ratio
  • 13.69%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $96,035Average earning assets
  • $9,317Average equity
  • $83,608Average loans

List of branches

  • 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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