Community First National Bank in Ada, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 03, 1995

Community First National Bank in Ada, Minnesota (MN)
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Community First National Bank - Overview

General
FDIC Certificate #: 5077
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First National Bank (#5148)
Federal Reserve ID: 141154
Date Established: October 22, 1914
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 3391
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 03, 1995
Last Structure Change Process Date: January 12, 1995
Last Data Update: January 12, 1995
Data Source Date: April 05, 2012
Location
Address: 412 East Main Street, Ada, MN 56510
County: Norman
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
Financial Summary
Total assets: $19.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$19,122Cash and due from depository institutions
$1,159Interest-bearing balances
$1Securities
$5,169Federal funds sold & reverse repurchase agreements
$285Net loans & leases
$11,631Loan loss allowance
$144Trading account assets
$0Bank premises and fixed assets
$437Other real estate owned
$0Goodwill and other intangibles
$298Life insurance assets
$143All other assets
$0Total liabilities and capital
$19,122Total liabilities
$17,403Total deposits
$16,402Interest-bearing deposits
$13,784Deposits held in domestic offices
16402.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$900Subordinated debt
$0All other liabilities
$101Total equity capital
$101Total bank equity capital
$1,719Perpetual preferred stock
$0Common stock
$500Surplus
$1,212Undivided profits
Memoranda
$7Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$148Earning assets
$17,086Long-term assets (5+ years)
$2,919Average Assets, year-to-date
$17,701Average Assets, quarterly
$18,241Volatile liabilities
$1,564Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$212Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,588Total risk weighted assets
$13,056Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$858Total interest expense
$294Net interest income
$564Provision for loan and lease losses
$64Total noninterest income
$43Fiduciary activities
$0Service charges on deposit accounts
$36Trading account gains & fees
$0Additional noninterest income
$7Total noninterest expense
$345Salaries and employee benefits
$132Premises and equipment expense
$59Additional noninterest expense
$154Pre-tax net operating income
$198Securities gains (losses)
$0Applicable income taxes
$75Income before extraordinary items
$123Extraordinary gains - net
$0Net income attributable to bank
$123Net charge-offs
$0Cash dividends
$105Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
5.34%Cost of funding earning assets
1.83%Net interest margin
3.51%Noninterest income to earning assets
0.27%Noninterest expense to earning assets
2.15%Net operating income to assets
0.69%Return on assets (ROA)
0.69%Pretax return on assets
1.12%Return on equity (ROE)
7.32%Retained earnings to average equity (YTD only)
1.07%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
55,519Assets per employee
3.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
85.37%Loss allowance to loans
1.22%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
70.91%Net loans and leases to core deposits
73.90%Equity capital to assets
8.99%Core capital (leverage) ratio
8.96%Tier 1 risk-based capital ratio
12.16%Total risk-based capital ratio
Memoranda
$13Average assets
$17,701Average earning assets
$1,681Average equity
$16,062Average loans

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