The First National Bank of Oakes in Oakes, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 10, 1995

The First National Bank of Oakes in Oakes, North Dakota (ND)
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The First National Bank of Oakes - Overview

General
FDIC Certificate #: 3955
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Starion Financial (#33758)
Federal Reserve ID: 1010350
Date Established: January 01, 1902
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
OTS Docket #: 11774
FDIC's unique #: 2576
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: October 10, 1995
Last Structure Change Process Date: October 24, 1995
Last Data Update: October 24, 1995
Data Source Date: April 05, 2012
Location
Address: 601 Main Avenue, Oakes, ND 58474
County: Dickey
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
Financial Summary
Total assets: $35.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$18Total assets
$34,862Cash and due from depository institutions
$2,468Interest-bearing balances
$1,346Securities
$9,378Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$21,608Loan loss allowance
$361Trading account assets
$0Bank premises and fixed assets
$469Other real estate owned
$0Goodwill and other intangibles
$939Life insurance assets
$0All other assets
$0Total liabilities and capital
$34,862Total liabilities
$32,229Total deposits
$30,976Interest-bearing deposits
$26,443Deposits held in domestic offices
30976.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$920Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$333Total equity capital
$333Total bank equity capital
$2,633Perpetual preferred stock
$0Common stock
$578Surplus
$1,000Undivided profits
Memoranda
$1,055Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$479Earning assets
$32,332Long-term assets (5+ years)
$2,151Average Assets, year-to-date
$34,757Average Assets, quarterly
$35,595Volatile liabilities
$1,355Insider loans
$343FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,530Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,811Total risk weighted assets
$27,387Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$2,565Total interest expense
$1,049Net interest income
$1,516Provision for loan and lease losses
$0Total noninterest income
$241Fiduciary activities
$0Service charges on deposit accounts
$91Trading account gains & fees
$0Additional noninterest income
$150Total noninterest expense
$1,060Salaries and employee benefits
$588Premises and equipment expense
$122Additional noninterest expense
$350Pre-tax net operating income
$697Securities gains (losses)
-$26Applicable income taxes
$250Income before extraordinary items
$421Extraordinary gains - net
$0Net income attributable to bank
$421Net charge-offs
$3Cash dividends
$537Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.90%Cost of funding earning assets
3.23%Net interest margin
4.67%Noninterest income to earning assets
0.74%Noninterest expense to earning assets
3.27%Net operating income to assets
1.26%Return on assets (ROA)
1.21%Pretax return on assets
1.93%Return on equity (ROE)
14.57%Retained earnings to average equity (YTD only)
-4.01%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
0.00%Efficiency ratio
60,330Assets per employee
1.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
127.55%Loss allowance to loans
1.64%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
69.76%Net loans and leases to core deposits
70.75%Equity capital to assets
7.55%Core capital (leverage) ratio
7.85%Tier 1 risk-based capital ratio
10.26%Total risk-based capital ratio
Memoranda
$12Average assets
$34,757Average earning assets
$2,890Average equity
$32,456Average loans

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