Community First National Bank in Fargo, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 03, 2004

  • Community First National Bank in Fargo, North Dakota (ND)
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Community First National Bank - Overview

  • General
  • FDIC Certificate #: 3924
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of the West (#3514)
    Federal Reserve ID: 654757
    Date Established: August 11, 1897
    WWW: http://www.communityfirst.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 163 (Interstate: No)
    OTS Docket #: 10117
    FDIC's unique #: 2559
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 03, 2004
    Last Structure Change Process Date: December 30, 2004
    Last Data Update: December 30, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 520 Main Avenue, Fargo, ND 58124
    County: Cass
    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
    Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520)
    Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
    Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020)
    CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
  • Financial Summary
  • Total assets: $5,423.3 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, 2003)

  • Dollar figures in thousands
  • 1,684Total employees (full-time equivalent)
  • $5,426,426Total assets
  • $235,298Cash and due from depository institutions
  • $2,927Interest-bearing balances
  • $1,545,107Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $3,272,762Net loans & leases
  • $52,121Loan loss allowance
  • $0Trading account assets
  • $98,994Bank premises and fixed assets
  • $5,461Other real estate owned
  • $93,850Goodwill and other intangibles
  • $0Life insurance assets
  • $174,954All other assets
  • $5,426,426Total liabilities and capital
  • $4,912,257Total liabilities
  • $4,398,230Total deposits
  • $3,941,562Interest-bearing deposits
  • $4,398,230Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $416,689Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $30,032Other borrowed funds
  • $25,000Subordinated debt
  • $42,306All other liabilities
  • $514,169Total equity capital
  • $514,169Total bank equity capital
  • $514,169Perpetual preferred stock
  • $0Common stock
  • $10,000Surplus
  • $253,883Undivided profits
  • Memoranda
  • $250,286Noncurrent loans and leases
  • $665,151Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $23,835Earning assets
  • $2,010Long-term assets (5+ years)
  • $28,700Average Assets, year-to-date
  • $4,820,796Average Assets, quarterly
  • $1,478,262Volatile liabilities
  • $5,573,864Insider loans
  • $5,432,097FHLB advances
  • $926,126Loans and leases held for sale
  • $960Unused loan commitments
  • $30,032Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,671Total risk weighted assets
  • $665,151Total unused commitments
  • $0Restructured Loans and leases
  • $63,199Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $309,092Total interest income
  • $55,543Total interest expense
  • $253,549Net interest income
  • $12,602Provision for loan and lease losses
  • $87,446Total noninterest income
  • $5,264Fiduciary activities
  • $32,496Service charges on deposit accounts
  • $0Trading account gains & fees
  • $49,686Additional noninterest income
  • $180,092Total noninterest expense
  • $83,704Salaries and employee benefits
  • $19,970Premises and equipment expense
  • $76,418Additional noninterest expense
  • $148,301Pre-tax net operating income
  • $4,334Securities gains (losses)
  • $51,279Applicable income taxes
  • $101,356Income before extraordinary items
  • $0Extraordinary gains - net
  • $101,356Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $16,587Sale, conversion, retirement of capital stock, net
  • $65,000Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.21%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 5.10%Net interest margin
  • 1.76%Noninterest income to earning assets
  • 3.62%Noninterest expense to earning assets
  • 1.77%Net operating income to assets
  • 1.82%Return on assets (ROA)
  • 2.74%Pretax return on assets
  • 18.52%Return on equity (ROE)
  • 6.64%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • 75.98%Credit loss provision to net charge-offs
  • 9.70%Efficiency ratio
  • 51,824Assets per employee
  • 3.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 64.13%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 218.67%Noncurrent assets plus other real estate owned to assets
  • 0.54%Noncurrent loans to loans
  • 0.72%Net loans and leases to deposits
  • 74.41%Net loans and leases to core deposits
  • 84.03%Equity capital to assets
  • 9.48%Core capital (leverage) ratio
  • 7.76%Tier 1 risk-based capital ratio
  • 10.72%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $5,573,864Average earning assets
  • $547,328Average equity
  • $4,975,200Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $664,862Managed Assets
  • 1Number of Accounts
  • $499,355Personal trust and agency accounts
  • $376,604Employee benefit-defined contribution accounts
  • $53,223Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $49,742Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $19,786Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2159Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $165,507Other retirement accounts
  • $117,251Corporate trust and agency accounts
  • $20,801Other fiduciary accounts
  • $27,455Fiduciary accounts held in foreign offices

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