First Bank National Association in Minneapolis, Minnesota (MN)



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First Bank National Association
GeneralFDIC Certificate #: 5199
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: U.S. Bank National Association (#5134)
Federal Reserve ID: 66855
Date Established: January 01, 1857
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 412 (Interstate: No)
FDIC's unique #: 3488
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 11, 1997
Last Structure Change Process Date: July 22, 1997
Last Data Update: April 11, 1998
Data Source Date: April 05, 2012
LocationAddress: 601 Second Avenue South, Minneapolis, MN 55402
County: Hennepin
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Minneapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial SummaryTotal assets: $35,555.0 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)
Total employees (full-time equivalent)0
Total assets$3,515
Cash and due from depository institutions$17,055,417
Interest-bearing balances$1,248,455
Securities$0
Federal funds sold & reverse repurchase agreements$1,246,958
Net loans & leases$1,334,066
Loan loss allowance $11,813,105
Trading account assets$221,918
Bank premises and fixed assets$147,168
Other real estate owned$83,424
Goodwill and other intangibles$4,071
All other assets$207,299
Life insurance assets$970,871
Total liabilities and capital$0
Total liabilities$17,055,417
Total deposits$15,751,263
Interest-bearing deposits$11,402,330
Deposits held in domestic offices$6,443,033
% insured (estimated)11049424.00%
Federal funds purchased & repurchase agreements $50
Trading liabilities$2,176,109
Other borrowed funds $36,696
Subordinated debt $1,188,656
All other liabilities $535,000
Total equity capital$412,472
Total bank equity capital$412,472
Perpetual preferred stock$1,304,154
Common stock$0
Surplus$124,731
Undivided profits $501,403
Memoranda
Noncurrent loans and leases $678,020
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $80,182
Earning assets $66,272
Long-term assets (5+ years) $14,509,512
Average Assets, year-to-date $2,489,676
Average Assets, quarterly $16,703,929
Volatile liabilities $17,122,352
Insider loans $3,878,001
FHLB advances $542
Loans and leases held for sale $0
Unused loan commitments $33,991
Tier 1 (core) risk-based capital $13,742,282
Tier 2 risk-based capital $0
Total risk weighted assets $1,173,225
Total unused commitments $16,779,391
Restructured Loans and leases $0
Derivatives$5,002,463
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Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $1,183,601
Net interest income $436,008
Provision for loan and lease losses $747,593
Total noninterest income $28,274
Fiduciary activities $513,019
Service charges on deposit accounts $60,961
Trading account gains & fees $65,093
Additional noninterest income $18,995
Total noninterest expense $367,970
Salaries and employee benefits $656,135
Premises and equipment expense $197,980
Additional noninterest expense $58,020
Pre-tax net operating income $400,135
Securities gains (losses) $576,203
Applicable income taxes $423
Income before extraordinary items $213,929
Extraordinary gains - net $362,697
Net income attributable to bank $0
Net charge-offs $362,697
Cash dividends $37,862
Sale, conversion, retirement of capital stock, net $330,113
Net operating income $0
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Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.46%
Net interest margin 3.12%
Noninterest income to earning assets 5.35%
Noninterest expense to earning assets 3.67%
Net operating income to assets 4.69%
Return on assets (ROA) 2.17%
Pretax return on assets 2.17%
Return on equity (ROE) 3.45%
Retained earnings to average equity (YTD only) 27.97%
Net charge-offs to loans 2.51%
Credit loss provision to net charge-offs 0.32%
Efficiency ratio74.68%
Assets per employee$48,874
Cash dividends to net income (YTD only)4.85%
Condition Ratios (%)
Loss allowance to loans 91.02%
Loss allowance to noncurrent loans 1.84%
Noncurrent assets plus other real estate owned to assets 276.77%
Noncurrent loans to loans 0.49%
Net loans and leases to deposits0.67%
Net loans and leases to core deposits 103.60%
Equity capital to assets 111.68%
Core capital (leverage) ratio 7.65%
Tier 1 risk-based capital ratio 7.29%
Total risk-based capital ratio 6.99%
Memoranda
Average assets$11
Average earning assets$16,703,929
Average equity $1,296,638
Average loans $13,983,294
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