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

This bank is inactive as of November 15, 1997

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

  • General
  • FDIC Certificate #: 3913
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bremer Bank, National Association (#15445)
    Federal Reserve ID: 647151
    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 #: 11605
    FDIC's unique #: 2550
    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: November 15, 1997
    Last Structure Change Process Date: December 11, 1997
    Last Data Update: December 11, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 424 Fifth Street, Devils Lake, ND 58301
    County: Ramsey
    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: $70.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $28Total assets
  • $63,813Cash and due from depository institutions
  • $2,913Interest-bearing balances
  • $0Securities
  • $19,303Federal funds sold & reverse repurchase agreements
  • $1,470Net loans & leases
  • $38,416Loan loss allowance
  • $573Trading account assets
  • $0Bank premises and fixed assets
  • $551Other real estate owned
  • $0Goodwill and other intangibles
  • $1,160Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $63,813Total liabilities
  • $57,029Total deposits
  • $53,790Interest-bearing deposits
  • $46,335Deposits held in domestic offices
  • 53790.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $1,545Trading liabilities
  • $0Other borrowed funds
  • $1,212Subordinated debt
  • $0All other liabilities
  • $482Total equity capital
  • $482Total bank equity capital
  • $6,784Perpetual preferred stock
  • $0Common stock
  • $800Surplus
  • $800Undivided profits
  • Memoranda
  • $5,184Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $81Income earned, not collected on loans
  • $722Earning assets
  • $59,189Long-term assets (5+ years)
  • $6,133Average Assets, year-to-date
  • $62,544Average Assets, quarterly
  • $63,515Volatile liabilities
  • $7,662Insider loans
  • $1,173FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,694Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,788Total risk weighted assets
  • $41,007Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,727Total interest expense
  • $2,197Net interest income
  • $2,530Provision for loan and lease losses
  • $310Total noninterest income
  • $238Fiduciary activities
  • $0Service charges on deposit accounts
  • $169Trading account gains & fees
  • $0Additional noninterest income
  • $69Total noninterest expense
  • $1,749Salaries and employee benefits
  • $970Premises and equipment expense
  • $229Additional noninterest expense
  • $550Pre-tax net operating income
  • $709Securities gains (losses)
  • $2Applicable income taxes
  • $238Income before extraordinary items
  • $473Extraordinary gains - net
  • $0Net income attributable to bank
  • $473Net charge-offs
  • $173Cash dividends
  • $280Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.09%Cost of funding earning assets
  • 3.76%Net interest margin
  • 4.33%Noninterest income to earning assets
  • 0.41%Noninterest expense to earning assets
  • 2.99%Net operating income to assets
  • 0.75%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 1.14%Return on equity (ROE)
  • 7.18%Retained earnings to average equity (YTD only)
  • 2.93%Net charge-offs to loans
  • 0.48%Credit loss provision to net charge-offs
  • 179.19%Efficiency ratio
  • 63,186Assets per employee
  • 2.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.20%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 707.41%Noncurrent assets plus other real estate owned to assets
  • 0.13%Noncurrent loans to loans
  • 0.21%Net loans and leases to deposits
  • 71.42%Net loans and leases to core deposits
  • 80.58%Equity capital to assets
  • 10.63%Core capital (leverage) ratio
  • 10.79%Tier 1 risk-based capital ratio
  • 16.55%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $62,544Average earning assets
  • $6,585Average equity
  • $58,425Average loans

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