First International Bank & Trust in Watford City, North Dakota (ND), AZ, MN
Other nearby banks:
Show street view
No street view available for this location
First International Bank & Trust routing number info
Table of contents:
| First International Bank & Trust | |
|---|---|
| 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 WWW: http://www.firstintlbank.com 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 Corrections |
| 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) |
| 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 |
| Securities | $230,435 |
| 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 |
| Surplus | $36,595 |
| Undivided profits | $61,613 |
| Memoranda | |
| 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 |
| Derivatives | $10,881 |
| 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 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.80% |
| 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 ratio | 2.21% |
| 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 deposits | 1.46% |
| 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% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $1,041,059 |
| Average equity | $92,022 |
| Average loans | $920,444 |
| 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 Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $257,907 |
| Number of Accounts | 1 |
| 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 Accounts | 540 |
| 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 |
| 4 Arizona Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 14 | 56203 | First International Bank & Trust Bra | 6840 East Indian School Road, Scottsdale, AZ 85251 | September 22, 1995 | Full Service Brick and Mortar |  |
| 15 | 266294 | Mesa Branch | 6263 East Main Street, Mesa, AZ 85205 | January 30, 1995 | Full Service Brick and Mortar | |
| 16 | 424738 | Airpark Branch | 7900 East Raintree Drive, Scottsdale, AZ 85260 | January 05, 2004 | Full Service Brick and Mortar | |
| 19 | 468333 | First International Bank & Trust | 1628 North Higley Road, Gilbert, AZ 85234 | October 01, 2007 | Full Service Brick and Mortar | |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 20 | 8073 | Staples Branch | 111 N.E. Fourth Street, Staples, MN 56479 | January 20, 1920 | Full Service Brick and Mortar | |
| 21 | 227842 | Motley Branch | Highway 10 And Beaulieu Street, Motley, MN 56466 | November 14, 1977 | Limited Service Facility | |
| 15 North Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6569 | First International Bank & Trust | 100 North Main Street, Watford City, ND 58854 | May 01, 1910 | Full Service Brick and Mortar |  |
| 1 | 222034 | Paying And Receiving Branch | Main Street, Alexander, ND 58831 | December 21, 1966 | Full Service Brick and Mortar | |
| 2 | 264110 | Williston Branch | 19 Fourth Street E, Williston, ND 58801 | April 30, 1971 | Full Service Brick and Mortar | |
| 4 | 264125 | Second Avenue Branch | 1705 2nd Avenue, S.W., Minot, ND 58701 | June 30, 1983 | Full Service Brick and Mortar | |
| 5 | 264137 | Killdeer Branch | Central And High Streets, Killdeer, ND 58640 | August 31, 1984 | Full Service Brick and Mortar | |
| 6 | 2561 | Fessenden Branch | 78 South Main Street, Fessenden, ND 58438 | May 15, 1900 | Full Service Brick and Mortar | |
| 7 | 202160 | Bowdon Branch | Main Street, Bowdon, ND 58418 | May 16, 1966 | Full Service Brick and Mortar | |
| 8 | 264111 | Harvey Branch | 910 Lincoln Avenue, Harvey, ND 58341 | December 31, 1973 | Full Service Brick and Mortar | |
| 9 | 264138 | Fargo Branch | 3101 North Broadway, Fargo, ND 58102 | October 31, 1987 | Full Service Brick and Mortar | |
| 10 | 202161 | South Branch | 3001 25th Street South, Fargo, ND 58103 | June 15, 1992 | Full Service Brick and Mortar | |
| 11 | 222035 | Williston Economart Branch | 300 West 11th Street, Williston, ND 58801 | November 14, 1994 | Full Service Brick and Mortar | |
| 12 | 222036 | Minot Branch | 1600 South Broadway, Minot, ND 58702 | August 28, 1997 | Full Service Brick and Mortar | |
| 13 | 356656 | West Fargo Branch | 1350 13th Avenue East, West Fargo, ND 58078 | May 10, 2000 | Full Service Brick and Mortar | |
| 17 | 7358 | Elgin Branch | 204 North Main, Elgin, ND 58533 | June 01, 1910 | Full Service Brick and Mortar | |
| 18 | 451729 | Southwest Fargo Branch | 4501 40th Avenue South, Fargo, ND 58104 | June 01, 2006 | Full Service Brick and Mortar | |
User Contributions:
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First International Bank & Trust.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.