First Bank, Federal Savings Bank in Fargo, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 31, 1997

  • First Bank, Federal Savings Bank in Fargo, North Dakota (ND)
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First Bank, Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28256
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First Bank National Association (#5199)
    Federal Reserve ID: 698171
    Date Established: January 01, 1926
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1242
    FDIC's unique #: 41090
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: May 06, 1952
    Last Structure Change Effective Date: May 31, 1997
    Last Structure Change Process Date: June 16, 1997
    Last Data Update: November 06, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 505 Second Avenue North, Fargo, ND 58102
    County: Cass
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520)
    Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
    Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020)
    CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
  • History of Changes
  • Merger - Without Assistance
    Participated in Reorganization
  • Financial Summary
  • Total assets: $4,625.4 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)
  • $695Total assets
  • $4,937,221Cash and due from depository institutions
  • $131,794Interest-bearing balances
  • $2,063Securities
  • $1,052,405Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $3,435,139Loan loss allowance
  • $65,052Trading account assets
  • $0Bank premises and fixed assets
  • $31,088Other real estate owned
  • $8,585Goodwill and other intangibles
  • $180,410Life insurance assets
  • $97,800All other assets
  • $0Total liabilities and capital
  • $4,937,221Total liabilities
  • $4,455,795Total deposits
  • $2,680,655Interest-bearing deposits
  • $2,423,033Deposits held in domestic offices
  • 2680655.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $42,826Trading liabilities
  • $0Other borrowed funds
  • $1,507,192Subordinated debt
  • $106,650All other liabilities
  • $118,472Total equity capital
  • $118,472Total bank equity capital
  • $481,426Perpetual preferred stock
  • $0Common stock
  • $29Surplus
  • $432,237Undivided profits
  • Memoranda
  • $49,160Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $36,390Income earned, not collected on loans
  • $24,321Earning assets
  • $4,489,607Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $5,579,400Average Assets, quarterly
  • $5,151,791Volatile liabilities
  • $1,914,990Insider loans
  • $604FHLB advances
  • $1,004,989Loans and leases held for sale
  • $0Unused loan commitments
  • $1,227,665Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $371,175Total risk weighted assets
  • $3,305,375Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $406,064Total interest expense
  • $245,734Net interest income
  • $160,330Provision for loan and lease losses
  • $26,838Total noninterest income
  • $65,757Fiduciary activities
  • $0Service charges on deposit accounts
  • $153Trading account gains & fees
  • $0Additional noninterest income
  • $65,604Total noninterest expense
  • $162,210Salaries and employee benefits
  • $30,022Premises and equipment expense
  • $29,125Additional noninterest expense
  • $103,063Pre-tax net operating income
  • $37,039Securities gains (losses)
  • -$9,589Applicable income taxes
  • $17,412Income before extraordinary items
  • $10,038Extraordinary gains - net
  • $0Net income attributable to bank
  • $10,038Net charge-offs
  • $15,829Cash dividends
  • $80,000Sale, 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
  • 7.97%Cost of funding earning assets
  • 4.82%Net interest margin
  • 3.15%Noninterest income to earning assets
  • 1.29%Noninterest expense to earning assets
  • 3.18%Net operating income to assets
  • 0.29%Return on assets (ROA)
  • 0.18%Pretax return on assets
  • 0.49%Return on equity (ROE)
  • 2.06%Retained earnings to average equity (YTD only)
  • -14.33%Net charge-offs to loans
  • 0.39%Credit loss provision to net charge-offs
  • 169.55%Efficiency ratio
  • 59,327Assets per employee
  • 7.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 796.97%Loss allowance to loans
  • 1.86%Loss allowance to noncurrent loans
  • 178.76%Noncurrent assets plus other real estate owned to assets
  • 0.79%Noncurrent loans to loans
  • 1.04%Net loans and leases to deposits
  • 128.15%Net loans and leases to core deposits
  • 148.34%Equity capital to assets
  • 9.75%Core capital (leverage) ratio
  • 7.70%Tier 1 risk-based capital ratio
  • 11.23%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $5,579,400Average earning assets
  • $488,199Average equity
  • $5,093,629Average loans

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