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

This bank is inactive as of July 15, 1997

  • First American Bank, National Association in Wahpeton, North Dakota (ND)
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First American Bank, National Association - Overview

  • General
  • FDIC Certificate #: 34184
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BREMER BANK, NATIONAL ASSOCIATION (#12918)
    Federal Reserve ID: 2356952
    Date Established: June 11, 1996
    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 #: 56842
    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: June 11, 1996
    Last Structure Change Effective Date: July 15, 1997
    Last Structure Change Process Date: July 28, 1997
    Last Data Update: July 28, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 387 11th Street South, 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: $8.0 mil

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $6Total assets
  • $4,816Cash and due from depository institutions
  • $48Interest-bearing balances
  • $0Securities
  • $501Federal funds sold & reverse repurchase agreements
  • $2,469Net loans & leases
  • $1,445Loan loss allowance
  • $11Trading account assets
  • $0Bank premises and fixed assets
  • $281Other real estate owned
  • $0Goodwill and other intangibles
  • $72Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $4,816Total liabilities
  • $2,810Total deposits
  • $2,768Interest-bearing deposits
  • $2,553Deposits held in domestic offices
  • 2768.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $42Total equity capital
  • $42Total bank equity capital
  • $2,006Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $100Undivided profits
  • Memoranda
  • $-94Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9Earning assets
  • $4,415Long-term assets (5+ years)
  • $501Average Assets, year-to-date
  • $4,190Average Assets, quarterly
  • $4,590Volatile liabilities
  • $328Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,869Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,004Total risk weighted assets
  • $2,281Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $145Total interest expense
  • $67Net interest income
  • $78Provision for loan and lease losses
  • $11Total noninterest income
  • $16Fiduciary activities
  • $0Service charges on deposit accounts
  • $12Trading account gains & fees
  • $0Additional noninterest income
  • $4Total noninterest expense
  • $239Salaries and employee benefits
  • $139Premises and equipment expense
  • $31Additional noninterest expense
  • $69Pre-tax net operating income
  • -$156Securities gains (losses)
  • $0Applicable income taxes
  • -$60Income before extraordinary items
  • -$96Extraordinary gains - net
  • $0Net income attributable to bank
  • -$96Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $2,100Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 3.84%Cost of funding earning assets
  • 1.78%Net interest margin
  • 2.07%Noninterest income to earning assets
  • 0.42%Noninterest expense to earning assets
  • 6.33%Net operating income to assets
  • -2.29%Return on assets (ROA)
  • -2.29%Pretax return on assets
  • -3.72%Return on equity (ROE)
  • -4.71%Retained earnings to average equity (YTD only)
  • -4.71%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 254,255Assets per employee
  • 0.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.76%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
  • 52.20%Net loans and leases to core deposits
  • 59.22%Equity capital to assets
  • 41.65%Core capital (leverage) ratio
  • 44.46%Tier 1 risk-based capital ratio
  • 87.86%Total risk-based capital ratio
  • Memoranda
  • $88Average assets
  • $4,190Average earning assets
  • $2,037Average equity
  • $3,774Average loans

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