State Bank & Trust of Kenmare


State Bank & Trust of Kenmare is an FDIC insured institution headquartered at 4 2nd St Nw, Kenmare, ND 58746.
It was founded in 1925 and has approximately $0 billion in assets. Customers can open an account at one of its 3 branches.

Deposit Rates - May 14, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 2057
Date Established 1925
Assets $ 160.23 million
Loans $ 76.65 million
Deposits $ 145.81 million
Capital $ 9.48 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 5.56 million
Interest-bearing balances $ 1.46 million
Total securities $ 65.45 million
Federal funds sold and reverse repurchase $ 9.45 million
Net loans and leases $ 76.65 million
Loan loss allowance $ 1.11 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.29 million
All other assets $ 1.37 million
     Total Assets $ 150.74 million

LIABILITIES
Total deposits $ 145.81 million
      Interest-bearing deposits $ 124.06 million
      Deposits held in domestic offices $ 145.81 million
      % insured (estimated) 74.71%
Federal funds purchased and repurchase agreements $ 1.50 million
Trading liabilities N.A.
Other borrowed funds $ 3.45 million
Subordinated debt N.A.
All other liabilities $ 0.13 millionn
      Total Liabilities $ 150.74 million
      Shareholders’ Equity $ 9.48 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 6.24 million
Total Interest Expense $ 2.44 million
Net interest income $ 3.80 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.17 million
Total non interest expense $ 3.42 million
Pre-tax Net Operating Income $ 0.44 million

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State Bank & Trust of Kenmare Locations