First Bank National Association in Minneapolis, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 11, 1997

  • First Bank National Association in Minneapolis, Minnesota (MN)
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First Bank National Association - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 0Total employees (full-time equivalent)
  • $3,515Total assets
  • $17,055,417Cash and due from depository institutions
  • $1,248,455Interest-bearing balances
  • $0Securities
  • $1,246,958Federal funds sold & reverse repurchase agreements
  • $1,334,066Net loans & leases
  • $11,813,105Loan loss allowance
  • $221,918Trading account assets
  • $147,168Bank premises and fixed assets
  • $83,424Other real estate owned
  • $4,071Goodwill and other intangibles
  • $970,871Life insurance assets
  • $207,299All other assets
  • $0Total liabilities and capital
  • $17,055,417Total liabilities
  • $15,751,263Total deposits
  • $11,402,330Interest-bearing deposits
  • $6,443,033Deposits held in domestic offices
  • 11049424.00%% insured (estimated)
  • $50Federal funds purchased & repurchase agreements
  • $2,176,109Trading liabilities
  • $36,696Other borrowed funds
  • $1,188,656Subordinated debt
  • $535,000All other liabilities
  • $412,472Total equity capital
  • $412,472Total bank equity capital
  • $1,304,154Perpetual preferred stock
  • $0Common stock
  • $124,731Surplus
  • $501,403Undivided profits
  • Memoranda
  • $678,020Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $80,182Income earned, not collected on loans
  • $66,272Earning assets
  • $14,509,512Long-term assets (5+ years)
  • $2,489,676Average Assets, year-to-date
  • $16,703,929Average Assets, quarterly
  • $17,122,352Volatile liabilities
  • $3,878,001Insider loans
  • $542FHLB advances
  • $0Loans and leases held for sale
  • $33,991Unused loan commitments
  • $13,742,282Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,173,225Total risk weighted assets
  • $16,779,391Total unused commitments
  • $0Restructured Loans and leases
  • $5,002,463Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,183,601Total interest expense
  • $436,008Net interest income
  • $747,593Provision for loan and lease losses
  • $28,274Total noninterest income
  • $513,019Fiduciary activities
  • $60,961Service charges on deposit accounts
  • $65,093Trading account gains & fees
  • $18,995Additional noninterest income
  • $367,970Total noninterest expense
  • $656,135Salaries and employee benefits
  • $197,980Premises and equipment expense
  • $58,020Additional noninterest expense
  • $400,135Pre-tax net operating income
  • $576,203Securities gains (losses)
  • $423Applicable income taxes
  • $213,929Income before extraordinary items
  • $362,697Extraordinary gains - net
  • $0Net income attributable to bank
  • $362,697Net charge-offs
  • $37,862Cash dividends
  • $330,113Sale, 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
  • 8.46%Cost of funding earning assets
  • 3.12%Net interest margin
  • 5.35%Noninterest income to earning assets
  • 3.67%Noninterest expense to earning assets
  • 4.69%Net operating income to assets
  • 2.17%Return on assets (ROA)
  • 2.17%Pretax return on assets
  • 3.45%Return on equity (ROE)
  • 27.97%Retained earnings to average equity (YTD only)
  • 2.51%Net charge-offs to loans
  • 0.32%Credit loss provision to net charge-offs
  • 74.68%Efficiency ratio
  • 48,874Assets per employee
  • 4.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 91.02%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 276.77%Noncurrent assets plus other real estate owned to assets
  • 0.49%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 103.60%Net loans and leases to core deposits
  • 111.68%Equity capital to assets
  • 7.65%Core capital (leverage) ratio
  • 7.29%Tier 1 risk-based capital ratio
  • 6.99%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $16,703,929Average earning assets
  • $1,296,638Average equity
  • $13,983,294Average loans

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