First National Bank in Bowbells, North Dakota (ND)



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First National Bank
GeneralFDIC Certificate #: 3903
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: DACOTAH BANK (#16168)
Federal Reserve ID: 914451
Date Established: November 01, 1903
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
OTS Docket #: 15885
FDIC's unique #: 2548
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: April 30, 2001
Last Structure Change Process Date: July 10, 2001
Last Data Update: July 10, 2001
Data Source Date: April 05, 2012
LocationAddress: 15 Main Street, Bowbells, ND 58721
County: Burke
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 SummaryTotal assets: $41.9 mil

1992 - 1999 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, 2000)
(Dollar figures in thousands)
Total employees (full-time equivalent)20
Total assets$39,966
Cash and due from depository institutions$2,815
Interest-bearing balances$500
Securities$12,307
Federal funds sold & reverse repurchase agreements$3,032
Net loans & leases$20,345
Loan loss allowance $518
Trading account assets$0
Bank premises and fixed assets$613
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$854
Life insurance assets$0
Total liabilities and capital$39,966
Total liabilities$35,645
Total deposits$35,129
Interest-bearing deposits$31,287
Deposits held in domestic offices$35,129
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $516
Total equity capital$4,321
Total bank equity capital$4,321
Perpetual preferred stock$4,321
Common stock$0
Surplus$700
Undivided profits $1,450
Memoranda
Noncurrent loans and leases $2,171
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,192
Income earned, not collected on loans $0
Earning assets $402
Long-term assets (5+ years) $58
Average Assets, year-to-date $464
Average Assets, quarterly $36,184
Volatile liabilities $899
Insider loans $38,891
FHLB advances $38,842
Loans and leases held for sale $3,137
Unused loan commitments $541
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $1,192
Restructured Loans and leases $0
Derivatives$307
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $2,909
Total interest expense $1,396
Net interest income $1,513
Provision for loan and lease losses $30
Total noninterest income $261
Fiduciary activities $0
Service charges on deposit accounts $78
Trading account gains & fees $0
Additional noninterest income $183
Total noninterest expense $1,349
Salaries and employee benefits $748
Premises and equipment expense $129
Additional noninterest expense $472
Pre-tax net operating income $395
Securities gains (losses) $0
Applicable income taxes $130
Income before extraordinary items $265
Extraordinary gains - net $0
Net income attributable to bank $265
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$49
Net operating income $0
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.17%
Cost of funding earning assets 3.92%
Net interest margin 4.25%
Noninterest income to earning assets 0.73%
Noninterest expense to earning assets 3.79%
Net operating income to assets 0.68%
Return on assets (ROA) 0.68%
Pretax return on assets 1.02%
Return on equity (ROE) 6.54%
Retained earnings to average equity (YTD only) 6.54%
Net charge-offs to loans -0.24%
Credit loss provision to net charge-offs -61.22%
Efficiency ratio0.00%
Assets per employee$76,043
Cash dividends to net income (YTD only)2.00%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.48%
Noncurrent assets plus other real estate owned to assets 128.86%
Noncurrent loans to loans 1.01%
Net loans and leases to deposits1.93%
Net loans and leases to core deposits 57.92%
Equity capital to assets 63.59%
Core capital (leverage) ratio 10.81%
Tier 1 risk-based capital ratio 11.13%
Total risk-based capital ratio 17.67%
Memoranda
Average assets$19
Average earning assets$38,891
Average equity $4,050
Average loans $35,603
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