First International Bank & Trust in Watford City, North Dakota (ND), AZ, MN

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First International Bank & Trust
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in FDIC Assisted Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)313
Total assets$1,088,724
Cash and due from depository institutions$51,832
Interest-bearing balances$13,520
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$707,234
Loan loss allowance $8,126
Trading account assets$0
Bank premises and fixed assets$34,455
Other real estate owned$35,597
Goodwill and other intangibles$2,379
All other assets$26,792
Life insurance assets$1,088,724
Total liabilities and capital$990,086
Total liabilities$962,135
Total deposits$726,348
Interest-bearing deposits$962,135
Deposits held in domestic offices$75
% insured (estimated)2480.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$19,950
Other borrowed funds $0
Subordinated debt $5,521
All other liabilities $98,638
Total equity capital$98,638
Total bank equity capital$98,638
Perpetual preferred stock$0
Common stock$430
Undivided profits $61,613
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $9,687
Income earned, not collected on loans $10,410
Earning assets $96
Long-term assets (5+ years) $8,003
Average Assets, year-to-date $951,189
Average Assets, quarterly $227,000
Volatile liabilities $1,041,059
Insider loans $1,072,833
FHLB advances $781,691
Loans and leases held for sale $1,071,712
Unused loan commitments $10,353
Tier 1 (core) risk-based capital $2,738
Tier 2 risk-based capital $91,892
Total risk weighted assets $0
Total unused commitments $7,615
Restructured Loans and leases $198,987
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $53,418
Total interest expense $9,615
Net interest income $43,803
Provision for loan and lease losses $7,395
Total noninterest income $14,371
Fiduciary activities $2,073
Service charges on deposit accounts $1,505
Trading account gains & fees $0
Additional noninterest income $10,793
Total noninterest expense $36,861
Salaries and employee benefits $18,793
Premises and equipment expense $3,828
Additional noninterest expense $14,240
Pre-tax net operating income $13,918
Securities gains (losses) $452
Applicable income taxes $648
Income before extraordinary items $13,722
Extraordinary gains - net $0
Net income attributable to bank $13,722
Net charge-offs $0
Cash dividends $13,722
Sale, conversion, retirement of capital stock, net $9,651
Net operating income $6,800
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.80%
Cost of funding earning assets 1.04%
Net interest margin 4.76%
Noninterest income to earning assets 1.56%
Noninterest expense to earning assets 4.00%
Net operating income to assets 1.28%
Return on assets (ROA) 1.32%
Pretax return on assets 1.38%
Return on equity (ROE) 14.91%
Retained earnings to average equity (YTD only) 7.52%
Net charge-offs to loans 1.35%
Credit loss provision to net charge-offs 76.62%
Efficiency ratio2.21%
Assets per employee$62,753
Cash dividends to net income (YTD only)3.48%
Condition Ratios (%)
Loss allowance to loans 49.56%
Loss allowance to noncurrent loans 1.14%
Noncurrent assets plus other real estate owned to assets 78.06%
Noncurrent loans to loans 4.23%
Net loans and leases to deposits1.46%
Net loans and leases to core deposits 73.51%
Equity capital to assets 76.75%
Core capital (leverage) ratio 9.06%
Tier 1 risk-based capital ratio 8.57%
Total risk-based capital ratio 11.76%
Average assets$13
Average earning assets$1,041,059
Average equity $92,022
Average loans $920,444
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$257,907
Number of Accounts1
Personal trust and agency accounts$251,763
Employee benefit-defined contribution accounts$147,862
Employee benefit-defined benefit accounts$33,301
Other retirement accounts$0
Corporate trust and agency accounts$38,534
Investment management agency accounts$0
Other fiduciary accounts$25,454
Fiduciary accounts held in foreign offices$6,612
Non-managed Assets$0
Number of Accounts540
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$18,959
Employee benefit-defined benefit accounts$0
Other retirement accounts$6,144
Corporate trust and agency accounts$3,429
Other fiduciary accounts$1,861
Fiduciary accounts held in foreign offices$177
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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
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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
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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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