U.S. Bank National Association ND in Fargo, North Dakota (ND)



Show street view No street view available for this location

U.S. Bank National Association ND routing number info

Table of contents:
U.S. Bank National Association ND
GeneralFDIC Certificate #: 34590
Status: Active
Federal Reserve ID: 2582023
Bank Holding Company (Regulatory Top Holder): U.S. Bancorp (RSSDID: 1119794, Location: Minneapolis, MN)
Date Established: July 31, 1997
WWW: http://www.usbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 60754
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: July 31, 1997
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: 4325 17th Avenue, S.W., Fargo, ND 58103
County: Cass
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Washington
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520)
Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020)
CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $5,997.9 mil
Equity capital: $789.8 mil
Deposits held in domestic offices: $53.5 mil
Return on assets (ROA): 1.93% ($115.8 mil)
Quarterly return on assets: 0.10% ($6.0 mil)
Return on Equity (ROE): 13.88% ($109.7 mil)
Quarterly return on equity: 0.75% ($5.9 mil)
Net income: $113.4 mil
Quarterly Net income: $1.6 mil
Pretax return on assets: 2.99% ($179,338.1 mil)
Quarterly Pretax return on assets: 0.18% ($10,796.3 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)914
Total assets$5,997,931
Cash and due from depository institutions$73,877
Interest-bearing balances$50
Securities$135
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$5,589,096
Loan loss allowance $194,826
Trading account assets$0
Bank premises and fixed assets$6,017
Other real estate owned$3,114
Goodwill and other intangibles$45,232
All other assets$280,460
Life insurance assets$5,997,931
Total liabilities and capital$5,208,147
Total liabilities$53,470
Total deposits$27,564
Interest-bearing deposits$53,470
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,689,560
Other borrowed funds $100,000
Subordinated debt $365,117
All other liabilities $789,784
Total equity capital$789,784
Total bank equity capital$789,784
Perpetual preferred stock$0
Common stock$2,000
Surplus$80,841
Undivided profits $706,943
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $37
Income earned, not collected on loans $81,407
Earning assets $0
Long-term assets (5+ years) $37,664
Average Assets, year-to-date $5,589,281
Average Assets, quarterly $1,155,849
Volatile liabilities $5,873,287
Insider loans $6,048,376
FHLB advances $5,732,050
Loans and leases held for sale $5,964,038
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $767,196
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $12,902,093
Derivatives$44
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $259,465
Total interest expense $7,399
Net interest income $252,066
Provision for loan and lease losses $78,202
Total noninterest income $347,841
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $347,841
Total noninterest expense $346,035
Salaries and employee benefits $42,424
Premises and equipment expense $3,223
Additional noninterest expense $300,388
Pre-tax net operating income $175,670
Securities gains (losses) $30
Applicable income taxes $62,293
Income before extraordinary items $113,407
Extraordinary gains - net $0
Net income attributable to bank $113,407
Net charge-offs $0
Cash dividends $113,407
Sale, conversion, retirement of capital stock, net $117,846
Net operating income $100,000
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.68%
Cost of funding earning assets 0.13%
Net interest margin 4.55%
Noninterest income to earning assets 6.28%
Noninterest expense to earning assets 6.25%
Net operating income to assets 1.93%
Return on assets (ROA) 1.93%
Pretax return on assets 2.99%
Return on equity (ROE) 13.88%
Retained earnings to average equity (YTD only) 1.64%
Net charge-offs to loans 2.05%
Credit loss provision to net charge-offs 66.36%
Efficiency ratio2.15%
Assets per employee$57,057
Cash dividends to net income (YTD only)6.56%
Condition Ratios (%)
Loss allowance to loans 88.18%
Loss allowance to noncurrent loans 3.37%
Noncurrent assets plus other real estate owned to assets 239.32%
Noncurrent loans to loans 1.41%
Net loans and leases to deposits1.41%
Net loans and leases to core deposits 10452.77%
Equity capital to assets 15174.57%
Core capital (leverage) ratio 13.17%
Tier 1 risk-based capital ratio 12.86%
Total risk-based capital ratio 13.38%
Memoranda
Average assets$16
Average earning assets$5,873,287
Average equity $817,131
Average loans $5,539,337
Back to page top, Back to table top

Bank Assets Sold and Securitized (December 31, 2001)
(Dollar figures in thousands)
Principal balance with servicing or other recourse retained
1-4 family residential loans $0
Home equity lines$0
Credit cards receivables$0
Auto loans$0
Other consumer loans$0
Commercial and industrial loans$213,717
Back to page top, Back to table top

1 North Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
060754U.S. Bank National Association Nd4325 17th Avenue, S.W., Fargo, ND 58103July 31, 1997Full Service Brick and Mortar
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with U.S. Bank National Association ND.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.