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

This bank is inactive as of August 29, 2000

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

  • General
  • FDIC Certificate #: 5148
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First National Bank (#3924)
    Federal Reserve ID: 941055
    Date Established: July 25, 1872
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 24 (Interstate: No)
    OTS Docket #: 9797
    FDIC's unique #: 3448
    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: August 29, 2000
    Last Structure Change Process Date: September 26, 2000
    Last Data Update: September 26, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 Mill Street North, Fergus Falls, MN 56537
    County: Otter Tail
    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): Fergus Falls, MN (#22260)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $935.0 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 207Total employees (full-time equivalent)
  • $872,099Total assets
  • $30,071Cash and due from depository institutions
  • $67Interest-bearing balances
  • $184,337Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $609,788Net loans & leases
  • $8,487Loan loss allowance
  • $0Trading account assets
  • $8,276Bank premises and fixed assets
  • $547Other real estate owned
  • $2,985Goodwill and other intangibles
  • $0Life insurance assets
  • $36,095All other assets
  • $872,099Total liabilities and capital
  • $805,046Total liabilities
  • $698,731Total deposits
  • $661,147Interest-bearing deposits
  • $698,731Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $35,160Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $62,000Other borrowed funds
  • $0Subordinated debt
  • $9,155All other liabilities
  • $67,053Total equity capital
  • $67,053Total bank equity capital
  • $67,053Perpetual preferred stock
  • $0Common stock
  • $10,000Surplus
  • $35,646Undivided profits
  • Memoranda
  • $21,407Noncurrent loans and leases
  • $133,110Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,434Earning assets
  • $0Long-term assets (5+ years)
  • $7,176Average Assets, year-to-date
  • $794,192Average Assets, quarterly
  • $165,853Volatile liabilities
  • $855,246Insider loans
  • $871,604FHLB advances
  • $208,707Loans and leases held for sale
  • $332Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $701Total risk weighted assets
  • $133,110Total unused commitments
  • $0Restructured Loans and leases
  • $8,509Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $65,786Total interest income
  • $27,466Total interest expense
  • $38,320Net interest income
  • $2,576Provision for loan and lease losses
  • $7,427Total noninterest income
  • $0Fiduciary activities
  • $3,873Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,554Additional noninterest income
  • $19,151Total noninterest expense
  • $8,464Salaries and employee benefits
  • $2,085Premises and equipment expense
  • $8,602Additional noninterest expense
  • $24,020Pre-tax net operating income
  • $47Securities gains (losses)
  • $8,013Applicable income taxes
  • $16,054Income before extraordinary items
  • $0Extraordinary gains - net
  • $16,054Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,651Sale, conversion, retirement of capital stock, net
  • $11,500Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.42%Yield on earning assets
  • 3.51%Cost of funding earning assets
  • 4.90%Net interest margin
  • 0.95%Noninterest income to earning assets
  • 2.45%Noninterest expense to earning assets
  • 1.87%Net operating income to assets
  • 1.88%Return on assets (ROA)
  • 2.81%Pretax return on assets
  • 23.84%Return on equity (ROE)
  • 6.76%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 156.03%Credit loss provision to net charge-offs
  • 16.11%Efficiency ratio
  • 40,910Assets per employee
  • 4.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.63%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 591.84%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.23%Net loans and leases to deposits
  • 87.27%Net loans and leases to core deposits
  • 104.20%Equity capital to assets
  • 7.69%Core capital (leverage) ratio
  • 7.79%Tier 1 risk-based capital ratio
  • 9.74%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $855,246Average earning assets
  • $67,347Average equity
  • $781,742Average loans

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