First American Bank & Trust of Grafton in Grafton, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1995

  • First American Bank & Trust of Grafton in Grafton, North Dakota (ND)
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First American Bank & Trust of Grafton - Overview

  • General
  • FDIC Certificate #: 9421
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bremer Bank, National Association (#2055)
    Federal Reserve ID: 848350
    Date Established: April 02, 1892
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 11682
    FDIC's unique #: 6052
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 01, 1995
    Last Structure Change Process Date: July 18, 1995
    Last Data Update: July 18, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 910 Hill Avenue, Grafton, ND 58237
    County: Walsh
    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: $109.2 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)
  • $40Total assets
  • $112,198Cash and due from depository institutions
  • $5,418Interest-bearing balances
  • $0Securities
  • $50,512Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $52,627Loan loss allowance
  • $1,412Trading account assets
  • $0Bank premises and fixed assets
  • $994Other real estate owned
  • $0Goodwill and other intangibles
  • $2,647Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $112,198Total liabilities
  • $104,761Total deposits
  • $89,563Interest-bearing deposits
  • $77,223Deposits held in domestic offices
  • 89563.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $10,915Trading liabilities
  • $0Other borrowed funds
  • $3,000Subordinated debt
  • $0All other liabilities
  • $1,283Total equity capital
  • $1,283Total bank equity capital
  • $7,437Perpetual preferred stock
  • $0Common stock
  • $1,800Surplus
  • $3,700Undivided profits
  • Memoranda
  • $1,937Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $105Income earned, not collected on loans
  • $1,154Earning assets
  • $103,139Long-term assets (5+ years)
  • $36,765Average Assets, year-to-date
  • $108,790Average Assets, quarterly
  • $111,860Volatile liabilities
  • $17,766Insider loans
  • $423FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $24,745Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,871Total risk weighted assets
  • $70,286Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,087Total interest expense
  • $3,218Net interest income
  • $3,869Provision for loan and lease losses
  • -$200Total noninterest income
  • $568Fiduciary activities
  • $0Service charges on deposit accounts
  • $226Trading account gains & fees
  • $0Additional noninterest income
  • $342Total noninterest expense
  • $2,653Salaries and employee benefits
  • $1,429Premises and equipment expense
  • $211Additional noninterest expense
  • $1,013Pre-tax net operating income
  • $1,984Securities gains (losses)
  • -$81Applicable income taxes
  • $577Income before extraordinary items
  • $1,326Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,326Net charge-offs
  • -$150Cash dividends
  • $1,188Sale, 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
  • 6.95%Cost of funding earning assets
  • 3.16%Net interest margin
  • 3.79%Noninterest income to earning assets
  • 0.56%Noninterest expense to earning assets
  • 2.60%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 1.75%Return on equity (ROE)
  • 17.17%Retained earnings to average equity (YTD only)
  • 1.79%Net charge-offs to loans
  • -0.30%Credit loss provision to net charge-offs
  • 133.33%Efficiency ratio
  • 59,793Assets per employee
  • 2.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 89.59%Loss allowance to loans
  • 2.61%Loss allowance to noncurrent loans
  • 1344.76%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 58.76%Net loans and leases to core deposits
  • 63.63%Equity capital to assets
  • 6.63%Core capital (leverage) ratio
  • 7.09%Tier 1 risk-based capital ratio
  • 11.20%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $108,790Average earning assets
  • $7,723Average equity
  • $101,990Average loans

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