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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First American Bank, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents