First Bank North, National Association in city_name, state_name

First Bank North, National Association in Duluth, Minnesota (MN)
Show street view No street view available for this location

First Bank North, National Association - Overview

General
FDIC Certificate #: 5129
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Bank National Association (#5199)
Federal Reserve ID: 378156
Date Established: October 30, 1902
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
FDIC's unique #: 3431
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 08, 1993
Last Structure Change Process Date: October 20, 1993
Last Data Update: October 20, 1993
Data Source Date: April 05, 2012
Location
Address: 130 West Superior Street, Duluth, MN 55802
County: St. Louis
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): Duluth-Superior, MN-WI (#2240)
Core Based Statistical Area (CBSA): Duluth, MN-WI (#20260)
CBSA Metro Statistical Area: Duluth, MN-WI (#20260)
Financial Summary
Total assets: $346.3 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$151Total assets
$369,604Cash and due from depository institutions
$21,736Interest-bearing balances
$0Securities
$51,481Federal funds sold & reverse repurchase agreements
$69,800Net loans & leases
$216,018Loan loss allowance
$2,477Trading account assets
$0Bank premises and fixed assets
$3,653Other real estate owned
$173Goodwill and other intangibles
$6,743Life insurance assets
$0All other assets
$0Total liabilities and capital
$369,604Total liabilities
$341,152Total deposits
$335,349Interest-bearing deposits
$266,537Deposits held in domestic offices
335349.00%% insured (estimated)
$77Federal funds purchased & repurchase agreements
$1,325Trading liabilities
$0Other borrowed funds
$1Subordinated debt
$0All other liabilities
$4,477Total equity capital
$4,477Total bank equity capital
$28,452Perpetual preferred stock
$0Common stock
$6,803Surplus
$9,025Undivided profits
Memoranda
$12,624Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$806Income earned, not collected on loans
$1,219Earning assets
$337,299Long-term assets (5+ years)
$57,993Average Assets, year-to-date
$363,369Average Assets, quarterly
$362,534Volatile liabilities
$21,005Insider loans
$13FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$121,533Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$28,452Total risk weighted assets
$244,373Total unused commitments
$0Restructured Loans and leases
$30,000Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$26,737Total interest expense
$9,502Net interest income
$17,235Provision for loan and lease losses
$107Total noninterest income
$6,569Fiduciary activities
$3,700Service charges on deposit accounts
$1,444Trading account gains & fees
$0Additional noninterest income
$1,425Total noninterest expense
$16,699Salaries and employee benefits
$5,160Premises and equipment expense
$2,623Additional noninterest expense
$8,916Pre-tax net operating income
$6,998Securities gains (losses)
$0Applicable income taxes
$2,632Income before extraordinary items
$4,366Extraordinary gains - net
-$312Net income attributable to bank
$4,054Net charge-offs
$119Cash dividends
$1,400Sale, 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
7.97%Cost of funding earning assets
2.83%Net interest margin
5.14%Noninterest income to earning assets
1.96%Noninterest expense to earning assets
4.98%Net operating income to assets
1.20%Return on assets (ROA)
1.12%Pretax return on assets
1.84%Return on equity (ROE)
14.87%Retained earnings to average equity (YTD only)
9.74%Net charge-offs to loans
0.05%Credit loss provision to net charge-offs
89.92%Efficiency ratio
70,152Assets per employee
2.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
34.53%Loss allowance to loans
1.13%Loss allowance to noncurrent loans
307.32%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.37%Net loans and leases to deposits
64.42%Net loans and leases to core deposits
68.43%Equity capital to assets
7.70%Core capital (leverage) ratio
7.97%Tier 1 risk-based capital ratio
11.64%Total risk-based capital ratio
Memoranda
$13Average assets
$363,369Average earning assets
$27,257Average equity
$335,364Average loans

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

First Bank North, National Association - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

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

First Bank North, National Association - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

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