First American Bank of Warren in Warren, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1993

First American Bank of Warren in Warren, Minnesota (MN)
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First American Bank of Warren - Overview

General
FDIC Certificate #: 9761
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: BREMER BANK, NATIONAL ASSOCIATION (#5118)
Federal Reserve ID: 212353
Date Established: July 05, 1892
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 6246
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: January 01, 1993
Last Structure Change Process Date: January 12, 1993
Last Data Update: January 12, 1993
Data Source Date: April 05, 2012
Location
Address: 202 West Johnson Avenue, Warren, MN 56762
County: Marshall
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: $40.2 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$14Total assets
$40,171Cash and due from depository institutions
$1,636Interest-bearing balances
$0Securities
$9,687Federal funds sold & reverse repurchase agreements
$1,012Net loans & leases
$26,182Loan loss allowance
$544Trading account assets
$0Bank premises and fixed assets
$696Other real estate owned
$0Goodwill and other intangibles
$958Life insurance assets
$0All other assets
$0Total liabilities and capital
$40,171Total liabilities
$37,064Total deposits
$36,557Interest-bearing deposits
$31,744Deposits held in domestic offices
36557.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$150Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$357Total equity capital
$357Total bank equity capital
$3,107Perpetual preferred stock
$0Common stock
$400Surplus
$2,100Undivided profits
Memoranda
$607Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$81Income earned, not collected on loans
$661Earning assets
$36,881Long-term assets (5+ years)
$9,156Average Assets, year-to-date
$40,338Average Assets, quarterly
$40,659Volatile liabilities
$1,298Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$233Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,107Total risk weighted assets
$30,418Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$3,620Total interest expense
$1,697Net interest income
$1,923Provision for loan and lease losses
$0Total noninterest income
$264Fiduciary activities
$0Service charges on deposit accounts
$125Trading account gains & fees
$0Additional noninterest income
$139Total noninterest expense
$1,287Salaries and employee benefits
$623Premises and equipment expense
$119Additional noninterest expense
$545Pre-tax net operating income
$900Securities gains (losses)
$57Applicable income taxes
$336Income before extraordinary items
$621Extraordinary gains - net
$0Net income attributable to bank
$621Net charge-offs
-$43Cash dividends
$385Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.64%Cost of funding earning assets
4.52%Net interest margin
5.12%Noninterest income to earning assets
0.70%Noninterest expense to earning assets
3.43%Net operating income to assets
1.45%Return on assets (ROA)
1.54%Pretax return on assets
2.37%Return on equity (ROE)
20.94%Retained earnings to average equity (YTD only)
7.96%Net charge-offs to loans
-0.17%Credit loss provision to net charge-offs
0.00%Efficiency ratio
58,848Assets per employee
2.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
62.00%Loss allowance to loans
2.04%Loss allowance to noncurrent loans
671.60%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.30%Net loans and leases to deposits
71.62%Net loans and leases to core deposits
73.94%Equity capital to assets
7.73%Core capital (leverage) ratio
7.82%Tier 1 risk-based capital ratio
10.21%Total risk-based capital ratio
Memoranda
$11Average assets
$40,338Average earning assets
$2,966Average equity
$37,559Average loans

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