First Bank of North Dakota, National Association in Fargo, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 21, 1995

  • First Bank of North Dakota, National Association in Fargo, North Dakota (ND)
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First Bank of North Dakota, National Association - Overview

  • General
  • FDIC Certificate #: 3925
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Bank, Federal Savings Bank (#28256)
    Federal Reserve ID: 991256
    Date Established: July 01, 1890
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 15 (Interstate: No)
    FDIC's unique #: 2560
    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: Febuary 21, 1995
    Last Structure Change Process Date: April 26, 1995
    Last Data Update: April 26, 1995
    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)
  • Financial Summary
  • Total assets: $880.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $209Total assets
  • $880,897Cash and due from depository institutions
  • $82,641Interest-bearing balances
  • $0Securities
  • $88,530Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $660,478Loan loss allowance
  • $8,587Trading account assets
  • $0Bank premises and fixed assets
  • $6,053Other real estate owned
  • $1,611Goodwill and other intangibles
  • $12,521Life insurance assets
  • $29,063All other assets
  • $0Total liabilities and capital
  • $880,897Total liabilities
  • $780,448Total deposits
  • $732,294Interest-bearing deposits
  • $581,755Deposits held in domestic offices
  • 732294.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $13,700Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $16,650All other liabilities
  • $17,804Total equity capital
  • $17,804Total bank equity capital
  • $100,449Perpetual preferred stock
  • $0Common stock
  • $19,521Surplus
  • $64,742Undivided profits
  • Memoranda
  • $16,186Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,647Income earned, not collected on loans
  • $3,806Earning assets
  • $749,008Long-term assets (5+ years)
  • $159,418Average Assets, year-to-date
  • $817,764Average Assets, quarterly
  • $878,682Volatile liabilities
  • $47,758Insider loans
  • $8FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $506,417Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $78,314Total risk weighted assets
  • $817,345Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $59,258Total interest expense
  • $18,392Net interest income
  • $40,866Provision for loan and lease losses
  • $3,759Total noninterest income
  • $5,422Fiduciary activities
  • $0Service charges on deposit accounts
  • $2,716Trading account gains & fees
  • $0Additional noninterest income
  • $2,706Total noninterest expense
  • $29,174Salaries and employee benefits
  • $6,403Premises and equipment expense
  • $3,076Additional noninterest expense
  • $19,695Pre-tax net operating income
  • $13,355Securities gains (losses)
  • $2Applicable income taxes
  • $5,758Income before extraordinary items
  • $7,599Extraordinary gains - net
  • $0Net income attributable to bank
  • $7,599Net charge-offs
  • $2,650Cash dividends
  • $2,998Sale, conversion, retirement of capital stock, net
  • $26,816Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.29%Cost of funding earning assets
  • 2.57%Net interest margin
  • 5.72%Noninterest income to earning assets
  • 0.76%Noninterest expense to earning assets
  • 4.08%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 1.63%Return on equity (ROE)
  • 9.00%Retained earnings to average equity (YTD only)
  • 5.45%Net charge-offs to loans
  • 0.44%Credit loss provision to net charge-offs
  • 141.85%Efficiency ratio
  • 58,056Assets per employee
  • 4.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.45%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 324.40%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.40%Net loans and leases to deposits
  • 90.19%Net loans and leases to core deposits
  • 94.59%Equity capital to assets
  • 11.40%Core capital (leverage) ratio
  • 9.47%Tier 1 risk-based capital ratio
  • 9.58%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $817,764Average earning assets
  • $84,477Average equity
  • $714,522Average loans

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