American Federal Bank in Fargo, North Dakota (ND), MN
Overview, Financial Summary, Detailed Financial Reports, Branches


  • American Federal Bank in Fargo, North Dakota (ND), MN
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American Federal Bank - Overview

  • General
  • FDIC Certificate #: 29140
    Status: Active
    Federal Reserve ID: 637170
    Date Established: January 01, 1891
    WWW: http://www.americanfederalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 13 (Domestic: 13, Interstate: Yes)
    OTS Docket #: 2983
    FDIC's unique #: 41974
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 16, 1935
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 215 North Fifth Street, Fargo, ND 58102
    County: Cass
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $439.6 mil
    Equity capital: $34.7 mil
    Deposits held in domestic offices: $363.5 mil
    Return on assets (ROA): 1.37% ($6.0 mil)
    Quarterly return on assets: 1.42% ($6.2 mil)
    Return on Equity (ROE): 17.60% ($6.2 mil)
    Quarterly return on equity: 18.15% ($6.4 mil)
    Net income: $5.7 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.42% ($6,241.8 mil)
    Quarterly Pretax return on assets: 1.47% ($6,461.6 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
  • 118Total employees (full-time equivalent)
  • $439,564Total assets
  • $23,352Cash and due from depository institutions
  • $12,676Interest-bearing balances
  • $35,606Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $360,793Net loans & leases
  • $3,345Loan loss allowance
  • $0Trading account assets
  • $9,235Bank premises and fixed assets
  • $0Other real estate owned
  • $594Goodwill and other intangibles
  • $439,564Life insurance assets
  • $9,984All other assets
  • $404,882Total liabilities and capital
  • $363,528Total liabilities
  • $317,929Total deposits
  • $363,528Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $39,350Trading liabilities
  • $0Other borrowed funds
  • $2,004Subordinated debt
  • $34,682All other liabilities
  • $34,682Total equity capital
  • $34,682Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $10,449Surplus
  • $24,232Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,365Income earned, not collected on loans
  • $1,917Earning assets
  • $4,372Long-term assets (5+ years)
  • $409,075Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $417,617Volatile liabilities
  • $433,306Insider loans
  • $300,818FHLB advances
  • $438,973Loans and leases held for sale
  • $1,611Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $34,110Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $113,483Restructured Loans and leases
  • $852Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,481Total interest income
  • $4,456Total interest expense
  • $15,025Net interest income
  • $100Provision for loan and lease losses
  • $5,070Total noninterest income
  • $0Fiduciary activities
  • $559Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,511Additional noninterest income
  • $14,061Total noninterest expense
  • $10,452Salaries and employee benefits
  • $1,801Premises and equipment expense
  • $1,808Additional noninterest expense
  • $5,934Pre-tax net operating income
  • $0Securities gains (losses)
  • $222Applicable income taxes
  • $5,712Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,712Net income attributable to bank
  • $0Net charge-offs
  • $5,712Cash dividends
  • $26Sale, conversion, retirement of capital stock, net
  • $3,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.01%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 3.86%Net interest margin
  • 1.30%Noninterest income to earning assets
  • 3.61%Noninterest expense to earning assets
  • 1.37%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 17.60%Return on equity (ROE)
  • 8.36%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 384.62%Credit loss provision to net charge-offs
  • 232.08%Efficiency ratio
  • 69,599Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.52%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 141.44%Noncurrent assets plus other real estate owned to assets
  • 0.54%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 99.25%Net loans and leases to core deposits
  • 135.93%Equity capital to assets
  • 7.89%Core capital (leverage) ratio
  • 7.77%Tier 1 risk-based capital ratio
  • 11.34%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $417,617Average earning assets
  • $32,456Average equity
  • $389,010Average loans

List of branches

  • 8 Minnesota Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    1273161Crookston Branch304 N Broadway, Crookston, MN 56716January 01, 1891Full Service Brick and Mortar
    2273162Ada Branch201 East Main Street South, Ada, MN 56510January 01, 1891Full Service Brick and Mortar
    3273163Moorhead Branch601 Center Avenue, Moorhead, MN 56560January 01, 1891Full Service Brick and Mortar
    100273164Warren Branch101 East Johnson Ave, Warren, MN 56762January 01, 1891Full Service Brick and Mortar
    10144095Hallock Branch157 South Second Street, Hallock, MN 56728January 01, 1899Full Service Brick and Mortar
    102273165Fergus Falls Branch117 South Mill Street, Fergus Falls, MN 56537January 01, 1891Full Service Brick and Mortar
    104266749Fosston Branch209 Johnson Avenue North, Fosston, MN 56542January 01, 1923Full Service Brick and Mortar
    109273167East Grand Forks Branch140 Gateway Drive Ne, East Grand Forks, MN 56721August 25, 1997Full Service Brick and Mortar
  • 5 North Dakota Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    041974American Federal Bank215 North Fifth Street, Fargo, ND 58102January 01, 1891Full Service Brick and Mortar
    105273166Northwood Branch504 1st Avenue North, Northwood, ND 58267June 26, 1995Full Service Brick and Mortar
    107268571Wapheton Branch615 2nd Ave N, Wahpeton, ND 58075January 01, 1893Full Service Brick and Mortar
    108268572Fargo South Branch1301 Thirtieth Avenue South, Fargo, ND 58103October 31, 1994Full Service Brick and Mortar
    110273168Grand Forks Branch2551 South Columbia Road, Grand Forks, ND 58201July 01, 1996Full Service Brick and Mortar

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