Peoples State Bank, Fairmount, N. D. Reports – 838155

Peoples State Bank, Fairmount, N. D. Financial Reports

Quarter Ended: 2024-09-30

Data Updated on: 11/22/2024

Peoples State Bank, Fairmount, N. D. is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Fairmount, ND. Established on 01/02/1953, the bank is regulated by the FDIC and has 2 domestic offices. It operates in the Wahpeton, ND-MN.

The bank has 8 employees and holds $36,189k in total assets. With a focus on community banking, the bank has been serving its customers since 01/02/1953.

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Peoples State Bank, Fairmount, N. D. Institution Profile

Established Date01/02/1953Institution ClassCommercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC)
Primary RegulatorFDICNumber of Domestic Offices2
Number of Foreign Offices0Number of US Offices0
Number of Employees8Directly owned by another bank (CERT)No
Community BankYesZIP58030
Ownership TypeNot MutualCityFairmount
State Alpha codeNDState and County Number38077
Subchapter S CorporationsNoTrust PowersTrust Powers Not Known
Federal Reserve ID Number9Federal Reserve ID Number DescriptionMINNEAPOLIS
Office of The Comptroller District:CENTRAL DISTRICTOffice of Thrift Supervision RegionWest
Last Structure Change Effective Date06/30/2024Date of Deposit Insurance01/02/1953
Primary Insurance AgencyDIF

Institution Profile Overview

Delve into the foundational details of Peoples State Bank, Fairmount, N. D. with our “Institution Profile” table. The 01/02/1953 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC), the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

2 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Fairmount, ND, and 58030 provide geographic context. Explore these attributes to gain a holistic view of Peoples State Bank, Fairmount, N. D. in the financial landscape.

Peoples State Bank, Fairmount, N. D. Financials

(USD, in thousands)

Total Assets$36,189Total Liabilities$33,848
Total Equity Capital$2,341Total Deposits$33,710
Net Loans and Leases$22,549Total Interest Income$460
Total Noninterest Income$7Total Interest Expense$129
Total Noninterest Expense$279Tier 1 Risk-Based Capital Ratio12.23%
Net Loans and Leases to Core DepositsN/AReturn on Assets0.50%
Return on Equity8.02%Efficiency Ratio82.54%

Financial Performance Overview

Gain a comprehensive perspective on Peoples State Bank, Fairmount, N. D.’s financial landscape through our “Financials” table. The bank boasts total assets of $36,189k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $33,848k and total equity capital at $2,341k.

Delve into key operational metrics, including total deposits of $33,710k, net loans and leases at $23k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 12.2293, and Return on Assets at 0.5. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Peoples State Bank, Fairmount, N. D.’s performance and competitive positioning within the financial industry.

Peoples State Bank, Fairmount, N. D. Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x)N/ANet Loans and Leases to Core DepositsN/A
Tier 1 Risk-Based Capital Ratio12.23%Securities Gains (Losses)$0
Goodwill and Other IntangiblesN/ACost of Funding Earning Assets0.00%
Yield on Earning Assets5.45%Total Interest Income$460
Applicable Income Taxes$15Loss Allowance to Loans and Leases1.04%
Net Loans and Leases$22,549Loss Allowance to Noncurrent Loans and Leases23,600.00%
Noncurrent Loans to Loans0.00%Net Income Attributable to Bank and Noncontrolling Interests$44
Net Interest Income$331Net Interest Margin3.92%
Net Operating Income to Assets0.50%Noninterest Income to Average Assets0.08%
Total Noninterest Income$7Noninterest Expense to Average Assets3.15%
Total Noninterest Expense$279Net Charge-Offs to Loans and Leases0.00%
All Other AssetsN/AOther Real Estate Owned$0
Other borrowed funds$0Pre-tax Net Operating Income$59
Pretax Return on Assets0.67%Return on Assets0.50%
Retained Earnings to Average Equity (YTD only)N/A

Insights into Financial Metrics

Enhance your understanding of Peoples State Bank, Fairmount, N. D.‘s financial standing through our Additional Financial Information table. Explore key metrics such as Net Loans and Leases: $22,549k and Net Interest Income $331k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 12.2293 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $7k and evaluate operational efficiency using metrics like Efficiency Ratio: 82.54. This nuanced financial overview empowers a comprehensive analysis of Peoples State Bank, Fairmount, N. D.‘s strategic financial position and performance in the industry.

Frequently Asked Questions (FAQs)

What is the asset size of Peoples State Bank, Fairmount, N. D.?

The asset size of Peoples State Bank, Fairmount, N. D. is approximately $36,189k, reflecting the bank’s scale and market presence.

How does the loan-to-deposit ratio of Peoples State Bank, Fairmount, N. D. compare to industry benchmarks?

The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For Peoples State Bank, Fairmount, N. D., this ratio stands at
66.89%
(please calculate and adjust this logic based on real data retrieval), compared to industry averages typically ranging from 80% to 90%.

What is the capital adequacy ratio for Peoples State Bank, Fairmount, N. D.?

The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 12.2293.

What is the net interest margin of Peoples State Bank, Fairmount, N. D., and how has it trended over the past year?

The current net interest margin is 3.92. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.

What is the percentage of non-performing loans on Peoples State Bank, Fairmount, N. D.’s balance sheet?

The percentage of non-performing loans is an important metric indicating asset quality. For Peoples State Bank, Fairmount, N. D., this stands at 0.0044.

Are there any recent regulatory changes that could impact Peoples State Bank, Fairmount, N. D.’s operations?

Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting Peoples State Bank, Fairmount, N. D.. For tailored insights, please consult our expert or access our detailed reports.

What is the history of Peoples State Bank, Fairmount, N. D.?

Peoples State Bank, Fairmount, N. D. was established on 01/02/1953. It has been serving the community for several decades, continuously adapting to the changing financial landscape. For a detailed history, please refer to the bank’s about page.

Is Peoples State Bank, Fairmount, N. D. FDIC insured?

Yes, Peoples State Bank, Fairmount, N. D. is FDIC insured, ensuring that deposits are protected up to the applicable limits. This underlines the bank’s commitment to maintaining customer trust and financial security.

What is the routing number for Peoples State Bank, Fairmount, N. D. in OK?

The routing number for Peoples State Bank, Fairmount, N. D. in Oklahoma is not available. It’s recommended to verify with the bank directly for transactions.

How big is Peoples State Bank, Fairmount, N. D.?

Peoples State Bank, Fairmount, N. D. is a significant player in the financial sector with total assets valued at $36,189k and a network of 2 domestic offices.

Is Peoples State Bank, Fairmount, N. D. a local bank?

Peoples State Bank, Fairmount, N. D. is often considered a local bank due to its strong community focus and local market presence, despite having a broader operational reach. This combination allows it to serve local communities effectively while benefiting from larger-scale operations.

This table provides key financial information about Peoples State Bank, Fairmount, N. D.. Get more data about Peoples State Bank, Fairmount, N. D. on Visbanking Report Portal.