The First and Farmers Bank in Portland, North Dakota (ND)

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The First and Farmers Bank routing number info

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The First and Farmers Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)12
Total assets$47,843
Cash and due from depository institutions$1,924
Interest-bearing balances$223
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$32,494
Loan loss allowance $425
Trading account assets$0
Bank premises and fixed assets$1,459
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,589
Life insurance assets$47,843
Total liabilities and capital$44,033
Total liabilities$43,332
Total deposits$33,964
Interest-bearing deposits$43,332
Deposits held in domestic offices$96
% insured (estimated)590.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $111
All other liabilities $3,810
Total equity capital$3,810
Total bank equity capital$3,810
Perpetual preferred stock$0
Common stock$210
Undivided profits $610
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $415
Earning assets $0
Long-term assets (5+ years) $419
Average Assets, year-to-date $43,094
Average Assets, quarterly $10,414
Volatile liabilities $46,906
Insider loans $47,296
FHLB advances $29,786
Loans and leases held for sale $48,073
Unused loan commitments $734
Tier 1 (core) risk-based capital $734
Tier 2 risk-based capital $3,727
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,335
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,140
Total interest expense $456
Net interest income $1,684
Provision for loan and lease losses $146
Total noninterest income $268
Fiduciary activities $0
Service charges on deposit accounts $124
Trading account gains & fees $0
Additional noninterest income $144
Total noninterest expense $1,461
Salaries and employee benefits $698
Premises and equipment expense $311
Additional noninterest expense $452
Pre-tax net operating income $345
Securities gains (losses) $0
Applicable income taxes $18
Income before extraordinary items $327
Extraordinary gains - net $0
Net income attributable to bank $327
Net charge-offs $0
Cash dividends $327
Sale, conversion, retirement of capital stock, net $220
Net operating income $100
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.01%
Cost of funding earning assets 1.07%
Net interest margin 3.94%
Noninterest income to earning assets 0.63%
Noninterest expense to earning assets 3.42%
Net operating income to assets 0.70%
Return on assets (ROA) 0.70%
Pretax return on assets 0.74%
Return on equity (ROE) 8.85%
Retained earnings to average equity (YTD only) 6.14%
Net charge-offs to loans 0.68%
Credit loss provision to net charge-offs 66.36%
Efficiency ratio2.23%
Assets per employee$74,846
Cash dividends to net income (YTD only)3.99%
Condition Ratios (%)
Loss allowance to loans 30.58%
Loss allowance to noncurrent loans 1.29%
Noncurrent assets plus other real estate owned to assets 102.41%
Noncurrent loans to loans 0.87%
Net loans and leases to deposits1.26%
Net loans and leases to core deposits 74.99%
Equity capital to assets 76.24%
Core capital (leverage) ratio 7.96%
Tier 1 risk-based capital ratio 7.75%
Total risk-based capital ratio 12.51%
Average assets$14
Average earning assets$46,906
Average equity $3,697
Average loans $42,717
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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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