American Bank Moorhead in Moorhead, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 18, 1997

  • American Bank Moorhead in Moorhead, Minnesota (MN)
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American Bank Moorhead - Overview

  • General
  • FDIC Certificate #: 10570
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Norwest Bank Minnesota West, National Association (#5124)
    Federal Reserve ID: 700159
    Date Established: January 01, 1919
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 12363
    FDIC's unique #: 6771
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 18, 1997
    Last Structure Change Process Date: January 29, 1997
    Last Data Update: January 29, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 730 Center Avenue, Moorhead, MN 56560
    County: Clay
    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
    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)
  • Financial Summary
  • Total assets: $145.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $40Total assets
  • $145,622Cash and due from depository institutions
  • $9,121Interest-bearing balances
  • $0Securities
  • $23,750Federal funds sold & reverse repurchase agreements
  • $13,918Net loans & leases
  • $85,071Loan loss allowance
  • $2,666Trading account assets
  • $0Bank premises and fixed assets
  • $2,433Other real estate owned
  • $5Goodwill and other intangibles
  • $2,417Life insurance assets
  • $8,907All other assets
  • $0Total liabilities and capital
  • $145,622Total liabilities
  • $123,683Total deposits
  • $122,329Interest-bearing deposits
  • $106,542Deposits held in domestic offices
  • 122329.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $60Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,294Total equity capital
  • $1,294Total bank equity capital
  • $21,939Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $22,865Undivided profits
  • Memoranda
  • $-1,926Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $730Income earned, not collected on loans
  • $1,838Earning assets
  • $122,739Long-term assets (5+ years)
  • $19,225Average Assets, year-to-date
  • $147,426Average Assets, quarterly
  • $145,625Volatile liabilities
  • $8,593Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $23,766Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $13,054Total risk weighted assets
  • $96,070Total unused commitments
  • $0Restructured Loans and leases
  • $3,000Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,275Total interest expense
  • $4,698Net interest income
  • $6,577Provision for loan and lease losses
  • $2,055Total noninterest income
  • $827Fiduciary activities
  • $0Service charges on deposit accounts
  • $485Trading account gains & fees
  • $0Additional noninterest income
  • $342Total noninterest expense
  • $5,577Salaries and employee benefits
  • $1,994Premises and equipment expense
  • $579Additional noninterest expense
  • $3,004Pre-tax net operating income
  • -$228Securities gains (losses)
  • $0Applicable income taxes
  • -$66Income before extraordinary items
  • -$162Extraordinary gains - net
  • $0Net income attributable to bank
  • -$162Net charge-offs
  • $752Cash dividends
  • $542Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.62%Cost of funding earning assets
  • 3.59%Net interest margin
  • 5.03%Noninterest income to earning assets
  • 0.63%Noninterest expense to earning assets
  • 4.26%Net operating income to assets
  • -0.11%Return on assets (ROA)
  • -0.11%Pretax return on assets
  • -0.15%Return on equity (ROE)
  • -1.03%Retained earnings to average equity (YTD only)
  • -4.47%Net charge-offs to loans
  • 0.74%Credit loss provision to net charge-offs
  • 273.27%Efficiency ratio
  • 73,136Assets per employee
  • 3.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -334.57%Loss allowance to loans
  • 3.04%Loss allowance to noncurrent loans
  • 365.21%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 0.83%Net loans and leases to deposits
  • 69.54%Net loans and leases to core deposits
  • 74.76%Equity capital to assets
  • 15.07%Core capital (leverage) ratio
  • 9.08%Tier 1 risk-based capital ratio
  • 13.59%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $147,426Average earning assets
  • $15,741Average equity
  • $130,796Average loans

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