The First and Farmers Bank in Portland, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First and Farmers Bank - Overview

  • General
  • FDIC Certificate #: 16082
    Status: Active
    Federal Reserve ID: 696551
    Bank Holding Company (Regulatory Top Holder): First And Farmers Bank Holding Company, The (RSSDID: 1135860, Location: Portland, ND)
    Date Established: January 01, 1886
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 10825
    FDIC's unique #: 10302
    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: August 30, 1943
    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: Park And Morrison Avenue, Portland, ND 58274
    County: Traill
    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: $47.8 mil
    Equity capital: $3.8 mil
    Deposits held in domestic offices: $43.3 mil
    Return on assets (ROA): 0.70% ($0.3 mil)
    Quarterly return on assets: 0.21% ($0.1 mil)
    Return on Equity (ROE): 8.85% ($0.4 mil)
    Quarterly return on equity: 2.62% ($0.1 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.74% ($354.0 mil)
    Quarterly Pretax return on assets: 0.36% ($172.2 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
  • 12Total employees (full-time equivalent)
  • $47,843Total assets
  • $1,924Cash and due from depository institutions
  • $223Interest-bearing balances
  • $10,377Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $32,494Net loans & leases
  • $425Loan loss allowance
  • $0Trading account assets
  • $1,459Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $47,843Life insurance assets
  • $1,589All other assets
  • $44,033Total liabilities and capital
  • $43,332Total liabilities
  • $33,964Total deposits
  • $43,332Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 590.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $111Subordinated debt
  • $3,810All other liabilities
  • $3,810Total equity capital
  • $3,810Total bank equity capital
  • $0Perpetual preferred stock
  • $210Common stock
  • $2,990Surplus
  • $610Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $415Income earned, not collected on loans
  • $0Earning assets
  • $419Long-term assets (5+ years)
  • $43,094Average Assets, year-to-date
  • $10,414Average Assets, quarterly
  • $46,906Volatile liabilities
  • $47,296Insider loans
  • $29,786FHLB advances
  • $48,073Loans and leases held for sale
  • $734Unused loan commitments
  • $734Tier 1 (core) risk-based capital
  • $3,727Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,335Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,140Total interest income
  • $456Total interest expense
  • $1,684Net interest income
  • $146Provision for loan and lease losses
  • $268Total noninterest income
  • $0Fiduciary activities
  • $124Service charges on deposit accounts
  • $0Trading account gains & fees
  • $144Additional noninterest income
  • $1,461Total noninterest expense
  • $698Salaries and employee benefits
  • $311Premises and equipment expense
  • $452Additional noninterest expense
  • $345Pre-tax net operating income
  • $0Securities gains (losses)
  • $18Applicable income taxes
  • $327Income before extraordinary items
  • $0Extraordinary gains - net
  • $327Net income attributable to bank
  • $0Net charge-offs
  • $327Cash dividends
  • $220Sale, conversion, retirement of capital stock, net
  • $100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.01%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 3.42%Noninterest expense to earning assets
  • 0.70%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 8.85%Return on equity (ROE)
  • 6.14%Retained earnings to average equity (YTD only)
  • 0.68%Net charge-offs to loans
  • 66.36%Credit loss provision to net charge-offs
  • 2.23%Efficiency ratio
  • 74,846Assets per employee
  • 3.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.58%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 102.41%Noncurrent assets plus other real estate owned to assets
  • 0.87%Noncurrent loans to loans
  • 1.26%Net loans and leases to deposits
  • 74.99%Net loans and leases to core deposits
  • 76.24%Equity capital to assets
  • 7.96%Core capital (leverage) ratio
  • 7.75%Tier 1 risk-based capital ratio
  • 12.51%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $46,906Average earning assets
  • $3,697Average equity
  • $42,717Average loans

List of branches

  • 2 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010302The First And Farmers BankPark And Morrison Avenue, Portland, ND 58274January 01, 1886Full Service Brick and Mortar
    1423064Mayville Branch124 Center Avenue South, Mayville, ND 58257November 12, 1999Full Service Brick and Mortar

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