American Bank Center in Dickinson, North Dakota (ND)



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American Bank Center
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)117
Total assets$269,292
Cash and due from depository institutions$9,205
Interest-bearing balances$65
Securities$45,640
Federal funds sold & reverse repurchase agreements$28,000
Net loans & leases$174,132
Loan loss allowance $2,218
Trading account assets$0
Bank premises and fixed assets$6,487
Other real estate owned$0
Goodwill and other intangibles$1,153
All other assets$4,675
Life insurance assets$0
Total liabilities and capital$269,293
Total liabilities$247,616
Total deposits$240,679
Interest-bearing deposits$201,105
Deposits held in domestic offices$240,679
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $165
Trading liabilities$0
Other borrowed funds $4,948
Subordinated debt $0
All other liabilities $1,824
Total equity capital$21,677
Total bank equity capital$21,677
Perpetual preferred stock$21,677
Common stock$0
Surplus$1,030
Undivided profits $4,370
Memoranda
Noncurrent loans and leases $16,277
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $46,551
Income earned, not collected on loans $0
Earning assets $403
Long-term assets (5+ years) $127
Average Assets, year-to-date $2,671
Average Assets, quarterly $247,837
Volatile liabilities $46,146
Insider loans $241,909
FHLB advances $254,382
Loans and leases held for sale $30,651
Unused loan commitments $1,116
Tier 1 (core) risk-based capital $3,900
Tier 2 risk-based capital $1,392
Total risk weighted assets $185
Total unused commitments $46,551
Restructured Loans and leases $20
Derivatives$2,218
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Income and Expense (December 31, 2008)
(Dollar figures in thousands)
Total interest income $14,853
Total interest expense $4,241
Net interest income $10,612
Provision for loan and lease losses $805
Total noninterest income $6,006
Fiduciary activities $898
Service charges on deposit accounts $489
Trading account gains & fees $0
Additional noninterest income $4,619
Total noninterest expense $10,956
Salaries and employee benefits $6,465
Premises and equipment expense $1,162
Additional noninterest expense $3,329
Pre-tax net operating income $4,857
Securities gains (losses) $15
Applicable income taxes $1,405
Income before extraordinary items $3,467
Extraordinary gains - net $0
Net income attributable to bank $3,467
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $68
Net operating income $2,763
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Performance and Condition Ratios (December 31, 2008)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.73%
Cost of funding earning assets 1.92%
Net interest margin 4.81%
Noninterest income to earning assets 2.72%
Noninterest expense to earning assets 4.96%
Net operating income to assets 1.43%
Return on assets (ROA) 1.43%
Pretax return on assets 2.01%
Return on equity (ROE) 16.51%
Retained earnings to average equity (YTD only) 3.35%
Net charge-offs to loans 0.04%
Credit loss provision to net charge-offs 1183.82%
Efficiency ratio83.26%
Assets per employee$64,942
Cash dividends to net income (YTD only)2.30%
Condition Ratios (%)
Loss allowance to loans 79.69%
Loss allowance to noncurrent loans 1.26%
Noncurrent assets plus other real estate owned to assets 550.37%
Noncurrent loans to loans 0.15%
Net loans and leases to deposits0.23%
Net loans and leases to core deposits 72.35%
Equity capital to assets 81.32%
Core capital (leverage) ratio 8.05%
Tier 1 risk-based capital ratio 7.97%
Total risk-based capital ratio 10.00%
Memoranda
Average assets$11
Average earning assets$241,909
Average equity $20,996
Average loans $220,788
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Total Fiduciary and Related Assets (December 31, 2008)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$142,120
Number of Accounts1
Personal trust and agency accounts$65,790
Employee benefit-defined contribution accounts$13,175
Employee benefit-defined benefit accounts$2,289
Other retirement accounts$4,696
Corporate trust and agency accounts$11,140
Investment management agency accounts$0
Other fiduciary accounts$34,485
Fiduciary accounts held in foreign offices$0
Non-managed Assets$5
Number of Accounts342
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$76,330
Corporate trust and agency accounts$304
Other fiduciary accounts$68,835
Fiduciary accounts held in foreign offices$3,520
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