American Bank Center in Dickinson, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 17, 2009

  • American Bank Center in Dickinson, North Dakota (ND)
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American Bank Center - Overview

  • General
  • FDIC Certificate #: 19115
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: American Bank Center (#22559)
    Federal Reserve ID: 802352
    Date Established: May 01, 1964
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 10624
    FDIC's unique #: 12947
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 09, 1964
    Last Structure Change Effective Date: April 17, 2009
    Last Structure Change Process Date: May 19, 2009
    Last Data Update: May 19, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 140 1st Avenue West, Dickinson, ND 58601
    County: Stark
    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
    Core Based Statistical Area (CBSA): Dickinson, ND (#19860)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $269.2 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, 2008)

  • Dollar figures in thousands
  • 117Total employees (full-time equivalent)
  • $269,292Total assets
  • $9,205Cash and due from depository institutions
  • $65Interest-bearing balances
  • $45,640Securities
  • $28,000Federal funds sold & reverse repurchase agreements
  • $174,132Net loans & leases
  • $2,218Loan loss allowance
  • $0Trading account assets
  • $6,487Bank premises and fixed assets
  • $0Other real estate owned
  • $1,153Goodwill and other intangibles
  • $0Life insurance assets
  • $4,675All other assets
  • $269,293Total liabilities and capital
  • $247,616Total liabilities
  • $240,679Total deposits
  • $201,105Interest-bearing deposits
  • $240,679Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $165Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,948Other borrowed funds
  • $0Subordinated debt
  • $1,824All other liabilities
  • $21,677Total equity capital
  • $21,677Total bank equity capital
  • $21,677Perpetual preferred stock
  • $0Common stock
  • $1,030Surplus
  • $4,370Undivided profits
  • Memoranda
  • $16,277Noncurrent loans and leases
  • $46,551Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $403Earning assets
  • $127Long-term assets (5+ years)
  • $2,671Average Assets, year-to-date
  • $247,837Average Assets, quarterly
  • $46,146Volatile liabilities
  • $241,909Insider loans
  • $254,382FHLB advances
  • $30,651Loans and leases held for sale
  • $1,116Unused loan commitments
  • $3,900Tier 1 (core) risk-based capital
  • $1,392Tier 2 risk-based capital
  • $185Total risk weighted assets
  • $46,551Total unused commitments
  • $20Restructured Loans and leases
  • $2,218Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $14,853Total interest income
  • $4,241Total interest expense
  • $10,612Net interest income
  • $805Provision for loan and lease losses
  • $6,006Total noninterest income
  • $898Fiduciary activities
  • $489Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,619Additional noninterest income
  • $10,956Total noninterest expense
  • $6,465Salaries and employee benefits
  • $1,162Premises and equipment expense
  • $3,329Additional noninterest expense
  • $4,857Pre-tax net operating income
  • $15Securities gains (losses)
  • $1,405Applicable income taxes
  • $3,467Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,467Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $68Sale, conversion, retirement of capital stock, net
  • $2,763Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.73%Yield on earning assets
  • 1.92%Cost of funding earning assets
  • 4.81%Net interest margin
  • 2.72%Noninterest income to earning assets
  • 4.96%Noninterest expense to earning assets
  • 1.43%Net operating income to assets
  • 1.43%Return on assets (ROA)
  • 2.01%Pretax return on assets
  • 16.51%Return on equity (ROE)
  • 3.35%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 1183.82%Credit loss provision to net charge-offs
  • 83.26%Efficiency ratio
  • 64,942Assets per employee
  • 2.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 79.69%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 550.37%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.23%Net loans and leases to deposits
  • 72.35%Net loans and leases to core deposits
  • 81.32%Equity capital to assets
  • 8.05%Core capital (leverage) ratio
  • 7.97%Tier 1 risk-based capital ratio
  • 10.00%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $241,909Average earning assets
  • $20,996Average equity
  • $220,788Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $142,120Managed Assets
  • 1Number of Accounts
  • $65,790Personal trust and agency accounts
  • $13,175Employee benefit-defined contribution accounts
  • $2,289Employee benefit-defined benefit accounts
  • $4,696Other retirement accounts
  • $11,140Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $34,485Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $5Non-managed Assets
  • 342Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $76,330Other retirement accounts
  • $304Corporate trust and agency accounts
  • $68,835Other fiduciary accounts
  • $3,520Fiduciary accounts held in foreign offices

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