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

This bank is inactive as of January 03, 1995

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

  • General
  • FDIC Certificate #: 5101
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First National Bank (#5148)
    Federal Reserve ID: 399058
    Date Established: January 01, 1885
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 11693
    FDIC's unique #: 3410
    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: 225 North 5th Street, Breckenridge, MN 56520
    County: Wilkin
    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
    Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
    Core Based Statistical Area (CBSA): Wahpeton, ND-MN (#47420)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $31.3 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)
  • $12Total assets
  • $31,315Cash and due from depository institutions
  • $2,218Interest-bearing balances
  • $206Securities
  • $10,078Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $18,119Loan loss allowance
  • $228Trading account assets
  • $0Bank premises and fixed assets
  • $186Other real estate owned
  • $0Goodwill and other intangibles
  • $447Life insurance assets
  • $267All other assets
  • $0Total liabilities and capital
  • $31,315Total liabilities
  • $29,058Total deposits
  • $26,621Interest-bearing deposits
  • $22,628Deposits held in domestic offices
  • 26621.00%% insured (estimated)
  • $82Federal funds purchased & repurchase agreements
  • $655Trading liabilities
  • $0Other borrowed funds
  • $1,575Subordinated debt
  • $0All other liabilities
  • $207Total equity capital
  • $207Total bank equity capital
  • $2,257Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $1,934Undivided profits
  • Memoranda
  • $23Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $92Income earned, not collected on loans
  • $183Earning assets
  • $28,403Long-term assets (5+ years)
  • $5,054Average Assets, year-to-date
  • $28,619Average Assets, quarterly
  • $30,556Volatile liabilities
  • $6,202Insider loans
  • $93FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,859Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,996Total risk weighted assets
  • $20,160Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,875Total interest expense
  • $648Net interest income
  • $1,227Provision for loan and lease losses
  • $19Total noninterest income
  • $136Fiduciary activities
  • $0Service charges on deposit accounts
  • $96Trading account gains & fees
  • $0Additional noninterest income
  • $40Total noninterest expense
  • $897Salaries and employee benefits
  • $333Premises and equipment expense
  • $63Additional noninterest expense
  • $501Pre-tax net operating income
  • $447Securities gains (losses)
  • $2Applicable income taxes
  • $169Income before extraordinary items
  • $280Extraordinary gains - net
  • $0Net income attributable to bank
  • $280Net charge-offs
  • -$5Cash dividends
  • $1,219Sale, 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
  • 7.15%Cost of funding earning assets
  • 2.47%Net interest margin
  • 4.68%Noninterest income to earning assets
  • 0.52%Noninterest expense to earning assets
  • 3.42%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 0.98%Pretax return on assets
  • 1.57%Return on equity (ROE)
  • 10.62%Retained earnings to average equity (YTD only)
  • -35.61%Net charge-offs to loans
  • -0.03%Credit loss provision to net charge-offs
  • -380.00%Efficiency ratio
  • 59,648Assets per employee
  • 2.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 435.36%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 247.83%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.50%Net loans and leases to deposits
  • 68.06%Net loans and leases to core deposits
  • 80.00%Equity capital to assets
  • 7.21%Core capital (leverage) ratio
  • 6.72%Tier 1 risk-based capital ratio
  • 9.90%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $28,619Average earning assets
  • $2,637Average equity
  • $26,223Average loans

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