First International Bank & Trust, National Association in Fessenden, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 1993

  • First International Bank & Trust, National Association in Fessenden, North Dakota (ND)
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First International Bank & Trust, National Association - Overview

  • General
  • FDIC Certificate #: 3926
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First International Bank & Trust (#10248)
    Federal Reserve ID: 844156
    Date Established: May 15, 1900
    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 #: 2561
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 01, 1993
    Last Structure Change Process Date: December 27, 1993
    Last Data Update: December 27, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 78 South Main Street, Fessenden, ND 58438
    County: Wells
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $60.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $35Total assets
  • $55,227Cash and due from depository institutions
  • $3,042Interest-bearing balances
  • $392Securities
  • $16,897Federal funds sold & reverse repurchase agreements
  • $1,100Net loans & leases
  • $32,285Loan loss allowance
  • $315Trading account assets
  • $0Bank premises and fixed assets
  • $867Other real estate owned
  • $80Goodwill and other intangibles
  • $809Life insurance assets
  • $147All other assets
  • $0Total liabilities and capital
  • $55,227Total liabilities
  • $51,426Total deposits
  • $50,942Interest-bearing deposits
  • $46,751Deposits held in domestic offices
  • 50942.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $484Total equity capital
  • $484Total bank equity capital
  • $3,801Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $675Undivided profits
  • Memoranda
  • $2,726Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $326Income earned, not collected on loans
  • $563Earning assets
  • $50,674Long-term assets (5+ years)
  • $7,734Average Assets, year-to-date
  • $53,620Average Assets, quarterly
  • $54,549Volatile liabilities
  • $2,274Insider loans
  • $395FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,087Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,654Total risk weighted assets
  • $39,056Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,576Total interest expense
  • $2,296Net interest income
  • $2,280Provision for loan and lease losses
  • $232Total noninterest income
  • $167Fiduciary activities
  • $0Service charges on deposit accounts
  • $69Trading account gains & fees
  • $0Additional noninterest income
  • $98Total noninterest expense
  • $1,545Salaries and employee benefits
  • $748Premises and equipment expense
  • $173Additional noninterest expense
  • $624Pre-tax net operating income
  • $670Securities gains (losses)
  • $37Applicable income taxes
  • $195Income before extraordinary items
  • $512Extraordinary gains - net
  • $0Net income attributable to bank
  • $512Net charge-offs
  • $163Cash dividends
  • $134Sale, 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
  • 9.08%Cost of funding earning assets
  • 4.56%Net interest margin
  • 4.53%Noninterest income to earning assets
  • 0.33%Noninterest expense to earning assets
  • 3.07%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 0.95%Pretax return on assets
  • 1.32%Return on equity (ROE)
  • 14.19%Retained earnings to average equity (YTD only)
  • 10.48%Net charge-offs to loans
  • 0.57%Credit loss provision to net charge-offs
  • 142.33%Efficiency ratio
  • 61,913Assets per employee
  • 1.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.17%Loss allowance to loans
  • 0.97%Loss allowance to noncurrent loans
  • 96.63%Noncurrent assets plus other real estate owned to assets
  • 0.74%Noncurrent loans to loans
  • 1.00%Net loans and leases to deposits
  • 63.38%Net loans and leases to core deposits
  • 66.34%Equity capital to assets
  • 6.88%Core capital (leverage) ratio
  • 6.80%Tier 1 risk-based capital ratio
  • 9.36%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $53,620Average earning assets
  • $3,608Average equity
  • $50,376Average loans

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