First International Bank & Trust in Watford City, North Dakota (ND), AZ, MN
Overview, Financial Summary, Detailed Financial Reports, Branches

First International Bank & Trust - Overview

  • General
  • FDIC Certificate #: 10248
    Status: Active
    Federal Reserve ID: 236153
    Bank Holding Company (Regulatory Top Holder): Watford City Bancshares, Inc. (RSSDID: 1135048, Location: Watford City, ND)
    Date Established: May 01, 1910
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 21 (Domestic: 21, Interstate: Yes)
    OTS Docket #: 13711
    FDIC's unique #: 6569
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 30, 2008
    Last Structure Change Process Date: June 03, 2008
    Last Data Update: June 03, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 North Main Street, Watford City, ND 58854
    County: Mckenzie
    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
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,088.7 mil
    Equity capital: $98.6 mil
    Deposits held in domestic offices: $962.1 mil
    Return on assets (ROA): 1.32% ($14.4 mil)
    Quarterly return on assets: 1.72% ($18.7 mil)
    Return on Equity (ROE): 14.91% ($14.8 mil)
    Quarterly return on equity: 19.08% ($18.9 mil)
    Net income: $13.7 mil
    Quarterly Net income: $4.6 mil
    Pretax return on assets: 1.38% ($15,024.4 mil)
    Quarterly Pretax return on assets: 1.59% ($17,310.7 mil)

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 313Total employees (full-time equivalent)
  • $1,088,724Total assets
  • $51,832Cash and due from depository institutions
  • $13,520Interest-bearing balances
  • $230,435Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $707,234Net loans & leases
  • $8,126Loan loss allowance
  • $0Trading account assets
  • $34,455Bank premises and fixed assets
  • $35,597Other real estate owned
  • $2,379Goodwill and other intangibles
  • $1,088,724Life insurance assets
  • $26,792All other assets
  • $990,086Total liabilities and capital
  • $962,135Total liabilities
  • $726,348Total deposits
  • $962,135Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 2480.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,950Trading liabilities
  • $0Other borrowed funds
  • $5,521Subordinated debt
  • $98,638All other liabilities
  • $98,638Total equity capital
  • $98,638Total bank equity capital
  • $0Perpetual preferred stock
  • $430Common stock
  • $36,595Surplus
  • $61,613Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $9,687Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,410Income earned, not collected on loans
  • $96Earning assets
  • $8,003Long-term assets (5+ years)
  • $951,189Average Assets, year-to-date
  • $227,000Average Assets, quarterly
  • $1,041,059Volatile liabilities
  • $1,072,833Insider loans
  • $781,691FHLB advances
  • $1,071,712Loans and leases held for sale
  • $10,353Unused loan commitments
  • $2,738Tier 1 (core) risk-based capital
  • $91,892Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,615Total unused commitments
  • $198,987Restructured Loans and leases
  • $10,881Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $53,418Total interest income
  • $9,615Total interest expense
  • $43,803Net interest income
  • $7,395Provision for loan and lease losses
  • $14,371Total noninterest income
  • $2,073Fiduciary activities
  • $1,505Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10,793Additional noninterest income
  • $36,861Total noninterest expense
  • $18,793Salaries and employee benefits
  • $3,828Premises and equipment expense
  • $14,240Additional noninterest expense
  • $13,918Pre-tax net operating income
  • $452Securities gains (losses)
  • $648Applicable income taxes
  • $13,722Income before extraordinary items
  • $0Extraordinary gains - net
  • $13,722Net income attributable to bank
  • $0Net charge-offs
  • $13,722Cash dividends
  • $9,651Sale, conversion, retirement of capital stock, net
  • $6,800Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.80%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 4.76%Net interest margin
  • 1.56%Noninterest income to earning assets
  • 4.00%Noninterest expense to earning assets
  • 1.28%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 14.91%Return on equity (ROE)
  • 7.52%Retained earnings to average equity (YTD only)
  • 1.35%Net charge-offs to loans
  • 76.62%Credit loss provision to net charge-offs
  • 2.21%Efficiency ratio
  • 62,753Assets per employee
  • 3.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.56%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 78.06%Noncurrent assets plus other real estate owned to assets
  • 4.23%Noncurrent loans to loans
  • 1.46%Net loans and leases to deposits
  • 73.51%Net loans and leases to core deposits
  • 76.75%Equity capital to assets
  • 9.06%Core capital (leverage) ratio
  • 8.57%Tier 1 risk-based capital ratio
  • 11.76%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,041,059Average earning assets
  • $92,022Average equity
  • $920,444Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $257,907Managed Assets
  • 1Number of Accounts
  • $251,763Personal trust and agency accounts
  • $147,862Employee benefit-defined contribution accounts
  • $33,301Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $38,534Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $25,454Other fiduciary accounts
  • $6,612Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 540Number of Accounts
  • $0Personal trust and agency accounts
  • $18,959Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $6,144Other retirement accounts
  • $3,429Corporate trust and agency accounts
  • $1,861Other fiduciary accounts
  • $177Fiduciary accounts held in foreign offices

List of branches

  • 4 Arizona Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1456203First International Bank & Trust Bra6840 East Indian School Road, Scottsdale, AZ 85251September 22, 1995Full Service Brick and Mortar
    15266294Mesa Branch6263 East Main Street, Mesa, AZ 85205January 30, 1995Full Service Brick and Mortar
    16424738Airpark Branch7900 East Raintree Drive, Scottsdale, AZ 85260January 05, 2004Full Service Brick and Mortar
    19468333First International Bank & Trust1628 North Higley Road, Gilbert, AZ 85234October 01, 2007Full Service Brick and Mortar
  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    208073Staples Branch111 N.E. Fourth Street, Staples, MN 56479January 20, 1920Full Service Brick and Mortar
    21227842Motley BranchHighway 10 And Beaulieu Street, Motley, MN 56466November 14, 1977Limited Service Facility
  • 15 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06569First International Bank & Trust100 North Main Street, Watford City, ND 58854May 01, 1910Full Service Brick and Mortar
    1222034Paying And Receiving BranchMain Street, Alexander, ND 58831December 21, 1966Full Service Brick and Mortar
    2264110Williston Branch19 Fourth Street E, Williston, ND 58801April 30, 1971Full Service Brick and Mortar
    4264125Second Avenue Branch1705 2nd Avenue, S.W., Minot, ND 58701June 30, 1983Full Service Brick and Mortar
    5264137Killdeer BranchCentral And High Streets, Killdeer, ND 58640August 31, 1984Full Service Brick and Mortar
    62561Fessenden Branch78 South Main Street, Fessenden, ND 58438May 15, 1900Full Service Brick and Mortar
    7202160Bowdon BranchMain Street, Bowdon, ND 58418May 16, 1966Full Service Brick and Mortar
    8264111Harvey Branch910 Lincoln Avenue, Harvey, ND 58341December 31, 1973Full Service Brick and Mortar
    9264138Fargo Branch3101 North Broadway, Fargo, ND 58102October 31, 1987Full Service Brick and Mortar
    10202161South Branch3001 25th Street South, Fargo, ND 58103June 15, 1992Full Service Brick and Mortar
    11222035Williston Economart Branch300 West 11th Street, Williston, ND 58801November 14, 1994Full Service Brick and Mortar
    12222036Minot Branch1600 South Broadway, Minot, ND 58702August 28, 1997Full Service Brick and Mortar
    13356656West Fargo Branch1350 13th Avenue East, West Fargo, ND 58078May 10, 2000Full Service Brick and Mortar
    177358Elgin Branch204 North Main, Elgin, ND 58533June 01, 1910Full Service Brick and Mortar
    18451729Southwest Fargo Branch4501 40th Avenue South, Fargo, ND 58104June 01, 2006Full Service Brick and Mortar

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