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

This bank is inactive as of January 03, 1995

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

  • General
  • FDIC Certificate #: 3964
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First National Bank (#3924)
    Federal Reserve ID: 231457
    Date Established: January 01, 1926
    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)
    OTS Docket #: 9818
    FDIC's unique #: 2580
    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 13, 1995
    Last Data Update: January 13, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 501 Dakota Avenue, Wahpeton, ND 58075
    County: Richland
    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: $65.5 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)
  • $24Total assets
  • $65,488Cash and due from depository institutions
  • $5,015Interest-bearing balances
  • $302Securities
  • $12,156Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $46,560Loan loss allowance
  • $632Trading account assets
  • $0Bank premises and fixed assets
  • $573Other real estate owned
  • $0Goodwill and other intangibles
  • $1,184Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $65,488Total liabilities
  • $61,027Total deposits
  • $58,343Interest-bearing deposits
  • $47,317Deposits held in domestic offices
  • 58343.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $610Trading liabilities
  • $0Other borrowed funds
  • $1,500Subordinated debt
  • $0All other liabilities
  • $574Total equity capital
  • $574Total bank equity capital
  • $4,461Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $3,045Undivided profits
  • Memoranda
  • $416Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6Income earned, not collected on loans
  • $692Earning assets
  • $59,018Long-term assets (5+ years)
  • $4,733Average Assets, year-to-date
  • $61,396Average Assets, quarterly
  • $63,297Volatile liabilities
  • $9,799Insider loans
  • $1,379FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,734Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,535Total risk weighted assets
  • $50,171Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,579Total interest expense
  • $1,623Net interest income
  • $2,956Provision for loan and lease losses
  • $95Total noninterest income
  • $290Fiduciary activities
  • $0Service charges on deposit accounts
  • $213Trading account gains & fees
  • $0Additional noninterest income
  • $77Total noninterest expense
  • $1,713Salaries and employee benefits
  • $734Premises and equipment expense
  • $216Additional noninterest expense
  • $763Pre-tax net operating income
  • $1,438Securities gains (losses)
  • $4Applicable income taxes
  • $510Income before extraordinary items
  • $932Extraordinary gains - net
  • $0Net income attributable to bank
  • $932Net charge-offs
  • $26Cash dividends
  • $1,030Sale, 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
  • 8.07%Cost of funding earning assets
  • 2.86%Net interest margin
  • 5.21%Noninterest income to earning assets
  • 0.51%Noninterest expense to earning assets
  • 3.02%Net operating income to assets
  • 1.51%Return on assets (ROA)
  • 1.52%Pretax return on assets
  • 2.35%Return on equity (ROE)
  • 20.56%Retained earnings to average equity (YTD only)
  • -2.16%Net charge-offs to loans
  • 0.06%Credit loss provision to net charge-offs
  • 365.38%Efficiency ratio
  • 52,773Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 110.52%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 10533.33%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 79.80%Net loans and leases to core deposits
  • 91.92%Equity capital to assets
  • 6.81%Core capital (leverage) ratio
  • 7.29%Tier 1 risk-based capital ratio
  • 9.04%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $61,396Average earning assets
  • $4,533Average equity
  • $56,733Average loans

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