Community First National Bank in Ada, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 03, 1995

  • Community First National Bank in Ada, Minnesota (MN)
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Community First National Bank - Overview

  • General
  • FDIC Certificate #: 5077
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First National Bank (#5148)
    Federal Reserve ID: 141154
    Date Established: October 22, 1914
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 3391
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 03, 1995
    Last Structure Change Process Date: January 12, 1995
    Last Data Update: January 12, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 412 East Main Street, Ada, MN 56510
    County: Norman
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $19.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $6Total assets
  • $19,122Cash and due from depository institutions
  • $1,159Interest-bearing balances
  • $1Securities
  • $5,169Federal funds sold & reverse repurchase agreements
  • $285Net loans & leases
  • $11,631Loan loss allowance
  • $144Trading account assets
  • $0Bank premises and fixed assets
  • $437Other real estate owned
  • $0Goodwill and other intangibles
  • $298Life insurance assets
  • $143All other assets
  • $0Total liabilities and capital
  • $19,122Total liabilities
  • $17,403Total deposits
  • $16,402Interest-bearing deposits
  • $13,784Deposits held in domestic offices
  • 16402.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $900Subordinated debt
  • $0All other liabilities
  • $101Total equity capital
  • $101Total bank equity capital
  • $1,719Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $1,212Undivided profits
  • Memoranda
  • $7Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $148Earning assets
  • $17,086Long-term assets (5+ years)
  • $2,919Average Assets, year-to-date
  • $17,701Average Assets, quarterly
  • $18,241Volatile liabilities
  • $1,564Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $212Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,588Total risk weighted assets
  • $13,056Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $858Total interest expense
  • $294Net interest income
  • $564Provision for loan and lease losses
  • $64Total noninterest income
  • $43Fiduciary activities
  • $0Service charges on deposit accounts
  • $36Trading account gains & fees
  • $0Additional noninterest income
  • $7Total noninterest expense
  • $345Salaries and employee benefits
  • $132Premises and equipment expense
  • $59Additional noninterest expense
  • $154Pre-tax net operating income
  • $198Securities gains (losses)
  • $0Applicable income taxes
  • $75Income before extraordinary items
  • $123Extraordinary gains - net
  • $0Net income attributable to bank
  • $123Net charge-offs
  • $0Cash dividends
  • $105Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 5.34%Cost of funding earning assets
  • 1.83%Net interest margin
  • 3.51%Noninterest income to earning assets
  • 0.27%Noninterest expense to earning assets
  • 2.15%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 1.12%Return on equity (ROE)
  • 7.32%Retained earnings to average equity (YTD only)
  • 1.07%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 55,519Assets per employee
  • 3.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 85.37%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 70.91%Net loans and leases to core deposits
  • 73.90%Equity capital to assets
  • 8.99%Core capital (leverage) ratio
  • 8.96%Tier 1 risk-based capital ratio
  • 12.16%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $17,701Average earning assets
  • $1,681Average equity
  • $16,062Average loans

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