American Bank Center in Dickinson, North Dakota (ND)



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American Bank Center
GeneralFDIC 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
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
History of ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal 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)

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, 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
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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
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.68%
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 ratio0.00%
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 deposits0.63%
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
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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 Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$439,149
Number of Accounts1
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 Accounts784
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
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13 North Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
015735American Bank Center140 1st Avenue West, Dickinson, ND 58601December 01, 1977Full Service Brick and Mortar
1254876North Branch1101 E. Interstate Ave, Bismarck, ND 58501October 25, 1979Full Service Brick and Mortar
2254877Central Market Supermarket Branch1190 West Turnpike Avenue, Bismarck, ND 58501July 11, 1994Full Service Brick and Mortar
3254878Washington Center Branch325 W. Arbor Ave, Bismarck, ND 58502May 11, 1998Full Service Brick and Mortar
4480781American Bank Center Federal Plaza L324 North 3rd Street, Bismarck, ND 58501September 02, 2008Full Service Brick and Mortar
69713Killdeer BranchCentral Avenue And First Street, Killdeer, ND 58640January 01, 1934Full Service Brick and Mortar
71356New England Branch6 East 9th Street, New England, ND 58647January 01, 1909Full Service Brick and Mortar
8247338North Branch1151 3rd Avenue West, Dickinson, ND 58601January 01, 1997Full Service Brick and Mortar
9445618Minot Branch2201 15th Street Southwest, Minot, ND 58701July 21, 2005Full Service Brick and Mortar
10490668American Bank Center Bismarck Branch320 North Fourth Street, Bismarck, ND 58501April 17, 2009Full Service Brick and Mortar
115510Scandia American Bank & Trust BranchFirst And Main Streets, Stanley, ND 58784January 01, 1910Full Service Brick and Mortar
1213559Cando Branch505 Fourth Street, Cando, ND 58324November 13, 1967Full Service Brick and Mortar
13249446Devils Lake Branch604 College Drive South Po Box 1168, Devils Lake, ND 58301August 24, 1999Full Service Brick and Mortar
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