First United Bank in Park River, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First United Bank in Park River, North Dakota (ND)
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First United Bank - Overview

  • General
  • FDIC Certificate #: 15472
    Status: Active
    Federal Reserve ID: 1011955
    Bank Holding Company (Regulatory Top Holder): First Holding Company Of Park River, Inc (RSSDID: 1140266, Location: Park River, ND)
    Date Established: January 01, 1886
    WWW: http://www.firstunitedonline.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 9778
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 503 Briggs Avenue South, Park River, ND 58270
    County: Walsh
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $148.3 mil
    Equity capital: $11.9 mil
    Deposits held in domestic offices: $128.6 mil
    Return on assets (ROA): 1.39% ($2.1 mil)
    Quarterly return on assets: 1.37% ($2.0 mil)
    Return on Equity (ROE): 16.89% ($2.0 mil)
    Quarterly return on equity: 16.76% ($2.0 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.49% ($2,209.8 mil)
    Quarterly Pretax return on assets: 1.45% ($2,150.5 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
  • 34Total employees (full-time equivalent)
  • $148,310Total assets
  • $8,175Cash and due from depository institutions
  • $2,898Interest-bearing balances
  • $28,845Securities
  • $3,800Federal funds sold & reverse repurchase agreements
  • $101,128Net loans & leases
  • $1,457Loan loss allowance
  • $0Trading account assets
  • $2,028Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $148,310Life insurance assets
  • $4,334All other assets
  • $136,367Total liabilities and capital
  • $128,579Total liabilities
  • $101,450Total deposits
  • $128,579Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 5040.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $748Subordinated debt
  • $11,943All other liabilities
  • $11,943Total equity capital
  • $11,943Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $5,050Surplus
  • $6,293Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $231Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,053Income earned, not collected on loans
  • $58Earning assets
  • $1,652Long-term assets (5+ years)
  • $136,671Average Assets, year-to-date
  • $23,164Average Assets, quarterly
  • $137,939Volatile liabilities
  • $144,441Insider loans
  • $111,607FHLB advances
  • $144,792Loans and leases held for sale
  • $1,865Unused loan commitments
  • $1,865Tier 1 (core) risk-based capital
  • $11,585Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,271Restructured Loans and leases
  • $847Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,432Total interest income
  • $1,105Total interest expense
  • $5,327Net interest income
  • $220Provision for loan and lease losses
  • $570Total noninterest income
  • $0Fiduciary activities
  • $294Service charges on deposit accounts
  • $0Trading account gains & fees
  • $276Additional noninterest income
  • $3,622Total noninterest expense
  • $2,090Salaries and employee benefits
  • $472Premises and equipment expense
  • $1,060Additional noninterest expense
  • $2,055Pre-tax net operating income
  • $0Securities gains (losses)
  • $134Applicable income taxes
  • $1,921Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,921Net income attributable to bank
  • $0Net charge-offs
  • $1,921Cash dividends
  • $130Sale, conversion, retirement of capital stock, net
  • $1,300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.03%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 4.17%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.83%Noninterest expense to earning assets
  • 1.39%Net operating income to assets
  • 1.39%Return on assets (ROA)
  • 1.49%Pretax return on assets
  • 16.89%Return on equity (ROE)
  • 5.46%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 169.23%Credit loss provision to net charge-offs
  • 17.50%Efficiency ratio
  • 61,421Assets per employee
  • 4.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.67%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 138.37%Noncurrent assets plus other real estate owned to assets
  • 0.71%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 78.65%Net loans and leases to core deposits
  • 81.45%Equity capital to assets
  • 8.05%Core capital (leverage) ratio
  • 8.00%Tier 1 risk-based capital ratio
  • 10.38%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $137,939Average earning assets
  • $11,374Average equity
  • $127,782Average loans

List of branches

  • 6 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09778First United Bank503 Briggs Avenue South, Park River, ND 58270January 01, 1886Full Service Brick and Mortar
    26560Adams BranchMain Street, Adams, ND 58210January 01, 1905Full Service Brick and Mortar
    36568Lamb's BranchMain Street, Michigan, ND 58259January 02, 1900Full Service Brick and Mortar
    4234046Grafton Branch1011 West 11th Street, Grafton, ND 58237September 01, 1998Full Service Brick and Mortar
    6516194First United Bank Hoople Branch234 2nd Street, Hoople, ND 58243January 10, 2011Full Service Brick and Mortar
    7522234First United Bank600 North 6th Street, Crystal, ND 58222July 20, 2011Full Service Brick and Mortar

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