American Bank Center in Dickinson, North Dakota (ND)
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| American Bank Center | |
|---|---|
| General | FDIC Certificate #: 22559 Status: Active Federal Reserve ID: 971959 Bank Holding Company (Regulatory Top Holder): American Bancor, Ltd. (RSSDID: 1133781, Location: Dickinson, ND) Date Established: December 01, 1977 WWW: http://www.weareamerican.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 13 (Domestic: 13, Interstate: No) OTS Docket #: 14001 FDIC's unique #: 15735 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: December 01, 1977 Last Structure Change Effective Date: October 28, 2011 Last Structure Change Process Date: November 28, 2011 Last Data Update: November 28, 2011 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 |
| History of Changes | Participated in Absorption/Consolidation/Merger |
| Financial Summary | Total assets: $896.5 mil Equity capital: $82.4 mil Deposits held in domestic offices: $799.6 mil Return on assets (ROA): 1.51% ($13.5 mil) Quarterly return on assets: 2.00% ($17.9 mil) Return on Equity (ROE): 16.16% ($13.3 mil) Quarterly return on equity: 21.38% ($17.5 mil) Net income: $12.2 mil Quarterly Net income: $4.3 mil Pretax return on assets: 2.22% ($19,902.9 mil) Quarterly Pretax return on assets: 2.86% ($25,640.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 262 |
| Total assets | $896,529 |
| Cash and due from depository institutions | $27,703 |
| Interest-bearing balances | $3,835 |
| Securities | $266,240 |
| Federal funds sold & reverse repurchase agreements | $106,000 |
| Net loans & leases | $461,683 |
| Loan loss allowance | $5,434 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $20,028 |
| Other real estate owned | $144 |
| Goodwill and other intangibles | $5,000 |
| All other assets | $9,731 |
| Life insurance assets | $896,528 |
| Total liabilities and capital | $814,142 |
| Total liabilities | $799,558 |
| Total deposits | $612,269 |
| Interest-bearing deposits | $799,558 |
| Deposits held in domestic offices | $77 |
| % insured (estimated) | 5630.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $1,160 |
| Other borrowed funds | $0 |
| Subordinated debt | $7,794 |
| All other liabilities | $82,386 |
| Total equity capital | $82,386 |
| Total bank equity capital | $82,386 |
| Perpetual preferred stock | $0 |
| Common stock | $400 |
| Surplus | $37,607 |
| Undivided profits | $44,379 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $1,731 |
| Income earned, not collected on loans | $2,934 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $5,296 |
| Average Assets, year-to-date | $837,758 |
| Average Assets, quarterly | $234,505 |
| Volatile liabilities | $804,846 |
| Insider loans | $862,988 |
| FHLB advances | $545,961 |
| Loans and leases held for sale | $852,449 |
| Unused loan commitments | $505 |
| Tier 1 (core) risk-based capital | $505 |
| Tier 2 risk-based capital | $72,170 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $132,462 |
| Derivatives | $6,200 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $34,267 |
| Total interest expense | $2,727 |
| Net interest income | $31,540 |
| Provision for loan and lease losses | -$2,415 |
| Total noninterest income | $12,832 |
| Fiduciary activities | $2,709 |
| Service charges on deposit accounts | $886 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $9,237 |
| Total noninterest expense | $28,868 |
| Salaries and employee benefits | $17,332 |
| Premises and equipment expense | $2,343 |
| Additional noninterest expense | $9,193 |
| Pre-tax net operating income | $17,919 |
| Securities gains (losses) | -$27 |
| Applicable income taxes | $5,713 |
| Income before extraordinary items | $12,179 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $12,179 |
| Net charge-offs | $0 |
| Cash dividends | $12,179 |
| Sale, conversion, retirement of capital stock, net | -$2,598 |
| Net operating income | $2,604 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.68% |
| Cost of funding earning assets | 0.37% |
| Net interest margin | 4.31% |
| Noninterest income to earning assets | 1.75% |
| Noninterest expense to earning assets | 3.94% |
| Net operating income to assets | 1.52% |
| Return on assets (ROA) | 1.51% |
| Pretax return on assets | 2.22% |
| Return on equity (ROE) | 16.16% |
| Retained earnings to average equity (YTD only) | 12.70% |
| Net charge-offs to loans | -0.56% |
| Credit loss provision to net charge-offs | 92.96% |
| Efficiency ratio | 0.00% |
| Assets per employee | $62,359 |
| Cash dividends to net income (YTD only) | 3.42% |
| Condition Ratios (%) | |
| Loss allowance to loans | 21.38% |
| Loss allowance to noncurrent loans | 1.16% |
| Noncurrent assets plus other real estate owned to assets | 185.21% |
| Noncurrent loans to loans | 0.34% |
| Net loans and leases to deposits | 0.63% |
| Net loans and leases to core deposits | 57.74% |
| Equity capital to assets | 59.18% |
| Core capital (leverage) ratio | 9.19% |
| Tier 1 risk-based capital ratio | 8.47% |
| Total risk-based capital ratio | 13.22% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $804,846 |
| Average equity | $75,383 |
| Average loans | $732,493 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $439,149 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $188,135 |
| Employee benefit-defined contribution accounts | $42,281 |
| Employee benefit-defined benefit accounts | $7,838 |
| Other retirement accounts | $8,561 |
| Corporate trust and agency accounts | $43,389 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $65,222 |
| Fiduciary accounts held in foreign offices | $20,844 |
| Non-managed Assets | $0 |
| Number of Accounts | 784 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $42,078 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $251,014 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $241,876 |
| Fiduciary accounts held in foreign offices | $8,988 |
| 13 North Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 15735 | American Bank Center | 140 1st Avenue West, Dickinson, ND 58601 | December 01, 1977 | Full Service Brick and Mortar |  |
| 1 | 254876 | North Branch | 1101 E. Interstate Ave, Bismarck, ND 58501 | October 25, 1979 | Full Service Brick and Mortar |  |
| 2 | 254877 | Central Market Supermarket Branch | 1190 West Turnpike Avenue, Bismarck, ND 58501 | July 11, 1994 | Full Service Brick and Mortar | |
| 3 | 254878 | Washington Center Branch | 325 W. Arbor Ave, Bismarck, ND 58502 | May 11, 1998 | Full Service Brick and Mortar | |
| 4 | 480781 | American Bank Center Federal Plaza L | 324 North 3rd Street, Bismarck, ND 58501 | September 02, 2008 | Full Service Brick and Mortar | |
| 6 | 9713 | Killdeer Branch | Central Avenue And First Street, Killdeer, ND 58640 | January 01, 1934 | Full Service Brick and Mortar | |
| 7 | 1356 | New England Branch | 6 East 9th Street, New England, ND 58647 | January 01, 1909 | Full Service Brick and Mortar | |
| 8 | 247338 | North Branch | 1151 3rd Avenue West, Dickinson, ND 58601 | January 01, 1997 | Full Service Brick and Mortar | |
| 9 | 445618 | Minot Branch | 2201 15th Street Southwest, Minot, ND 58701 | July 21, 2005 | Full Service Brick and Mortar | |
| 10 | 490668 | American Bank Center Bismarck Branch | 320 North Fourth Street, Bismarck, ND 58501 | April 17, 2009 | Full Service Brick and Mortar | |
| 11 | 5510 | Scandia American Bank & Trust Branch | First And Main Streets, Stanley, ND 58784 | January 01, 1910 | Full Service Brick and Mortar | |
| 12 | 13559 | Cando Branch | 505 Fourth Street, Cando, ND 58324 | November 13, 1967 | Full Service Brick and Mortar | |
| 13 | 249446 | Devils Lake Branch | 604 College Drive South Po Box 1168, Devils Lake, ND 58301 | August 24, 1999 | Full Service Brick and Mortar | |
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