Walhalla State Bank in Walhalla, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 02, 2001

  • Walhalla State Bank in Walhalla, North Dakota (ND)
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Walhalla State Bank - Overview

  • General
  • FDIC Certificate #: 8385
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Choice Financial Group (#9423)
    Federal Reserve ID: 229650
    Date Established: January 01, 1915
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 12570
    FDIC's unique #: 5341
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 02, 2001
    Last Structure Change Process Date: November 15, 2001
    Last Data Update: November 15, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Walhalla, ND 58282
    County: Pembina
    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: $36.6 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $39,803Total assets
  • $2,408Cash and due from depository institutions
  • $266Interest-bearing balances
  • $11,649Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $24,190Net loans & leases
  • $1,444Loan loss allowance
  • $0Trading account assets
  • $399Bank premises and fixed assets
  • $102Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,055All other assets
  • $39,803Total liabilities and capital
  • $36,387Total liabilities
  • $31,045Total deposits
  • $25,658Interest-bearing deposits
  • $31,045Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $821Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,196Other borrowed funds
  • $0Subordinated debt
  • $325All other liabilities
  • $3,416Total equity capital
  • $3,416Total bank equity capital
  • $3,416Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $2,400Undivided profits
  • Memoranda
  • $716Noncurrent loans and leases
  • $4,768Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,351Earning assets
  • $304Long-term assets (5+ years)
  • $406Average Assets, year-to-date
  • $36,105Average Assets, quarterly
  • $4,532Volatile liabilities
  • $38,169Insider loans
  • $38,871FHLB advances
  • $7,501Loans and leases held for sale
  • $2,490Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,768Total unused commitments
  • $23Restructured Loans and leases
  • $406Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $2,765Total interest income
  • $1,385Total interest expense
  • $1,380Net interest income
  • $1,500Provision for loan and lease losses
  • $212Total noninterest income
  • $0Fiduciary activities
  • $48Service charges on deposit accounts
  • $0Trading account gains & fees
  • $164Additional noninterest income
  • $1,154Total noninterest expense
  • $528Salaries and employee benefits
  • $200Premises and equipment expense
  • $426Additional noninterest expense
  • -$1,062Pre-tax net operating income
  • -$3Securities gains (losses)
  • -$76Applicable income taxes
  • -$989Income before extraordinary items
  • $0Extraordinary gains - net
  • -$989Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $455Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.90%Yield on earning assets
  • 3.96%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 3.30%Noninterest expense to earning assets
  • -2.58%Net operating income to assets
  • -2.59%Return on assets (ROA)
  • -2.79%Pretax return on assets
  • -25.53%Return on equity (ROE)
  • -25.53%Retained earnings to average equity (YTD only)
  • 1.97%Net charge-offs to loans
  • 329.67%Credit loss provision to net charge-offs
  • 0.96%Efficiency ratio
  • 72,487Assets per employee
  • 2.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.63%Loss allowance to noncurrent loans
  • 106.88%Noncurrent assets plus other real estate owned to assets
  • 3.65%Noncurrent loans to loans
  • 5.27%Net loans and leases to deposits
  • 77.92%Net loans and leases to core deposits
  • 85.90%Equity capital to assets
  • 8.58%Core capital (leverage) ratio
  • 8.44%Tier 1 risk-based capital ratio
  • 10.68%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $38,169Average earning assets
  • $3,875Average equity
  • $35,017Average loans

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