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

This bank is inactive as of July 01, 1995

  • First American Bank of Larimore in Larimore, North Dakota (ND)
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First American Bank of Larimore - Overview

  • General
  • FDIC Certificate #: 2056
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bremer Bank, National Association (#2055)
    Federal Reserve ID: 866653
    Date Established: January 01, 1930
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 1360
    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: Main Street, Larimore, ND 58251
    County: Grand Forks
    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
    Metropolitan Statistical Area (MSA): Grand Forks, ND-MN (#2985)
    Core Based Statistical Area (CBSA): Grand Forks, ND-MN (#24220)
    CBSA Metro Statistical Area: Grand Forks, ND-MN (#24220)
  • Financial Summary
  • Total assets: $32.5 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)
  • $9Total assets
  • $30,905Cash and due from depository institutions
  • $951Interest-bearing balances
  • $0Securities
  • $14,080Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $14,887Loan loss allowance
  • $459Trading account assets
  • $0Bank premises and fixed assets
  • $188Other real estate owned
  • $0Goodwill and other intangibles
  • $799Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $30,905Total liabilities
  • $27,812Total deposits
  • $25,512Interest-bearing deposits
  • $22,687Deposits held in domestic offices
  • 25512.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $1,980Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $320Total equity capital
  • $320Total bank equity capital
  • $3,093Perpetual preferred stock
  • $0Common stock
  • $600Surplus
  • $1,300Undivided profits
  • Memoranda
  • $1,193Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17Income earned, not collected on loans
  • $343Earning assets
  • $28,967Long-term assets (5+ years)
  • $9,646Average Assets, year-to-date
  • $30,707Average Assets, quarterly
  • $31,495Volatile liabilities
  • $2,489Insider loans
  • $19FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,503Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,245Total risk weighted assets
  • $19,149Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,176Total interest expense
  • $853Net interest income
  • $1,323Provision for loan and lease losses
  • -$100Total noninterest income
  • $142Fiduciary activities
  • $0Service charges on deposit accounts
  • $103Trading account gains & fees
  • $0Additional noninterest income
  • $39Total noninterest expense
  • $837Salaries and employee benefits
  • $409Premises and equipment expense
  • $67Additional noninterest expense
  • $361Pre-tax net operating income
  • $728Securities gains (losses)
  • $18Applicable income taxes
  • $219Income before extraordinary items
  • $527Extraordinary gains - net
  • $0Net income attributable to bank
  • $527Net charge-offs
  • -$27Cash dividends
  • $439Sale, 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
  • 7.49%Cost of funding earning assets
  • 2.93%Net interest margin
  • 4.55%Noninterest income to earning assets
  • 0.49%Noninterest expense to earning assets
  • 2.88%Net operating income to assets
  • 1.67%Return on assets (ROA)
  • 1.72%Pretax return on assets
  • 2.43%Return on equity (ROE)
  • 16.77%Retained earnings to average equity (YTD only)
  • 2.80%Net charge-offs to loans
  • -0.18%Credit loss provision to net charge-offs
  • 370.37%Efficiency ratio
  • 57,133Assets per employee
  • 3.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 83.30%Loss allowance to loans
  • 2.99%Loss allowance to noncurrent loans
  • 2700.00%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 58.35%Net loans and leases to core deposits
  • 59.54%Equity capital to assets
  • 10.01%Core capital (leverage) ratio
  • 10.48%Tier 1 risk-based capital ratio
  • 16.95%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $30,707Average earning assets
  • $3,143Average equity
  • $29,065Average loans

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