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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