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

This bank is inactive as of January 03, 1995

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

General
FDIC Certificate #: 5101
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First National Bank (#5148)
Federal Reserve ID: 399058
Date Established: January 01, 1885
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
OTS Docket #: 11693
FDIC's unique #: 3410
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: 225 North 5th Street, Breckenridge, MN 56520
County: Wilkin
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
Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
Core Based Statistical Area (CBSA): Wahpeton, ND-MN (#47420)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $31.3 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)
$12Total assets
$31,315Cash and due from depository institutions
$2,218Interest-bearing balances
$206Securities
$10,078Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$18,119Loan loss allowance
$228Trading account assets
$0Bank premises and fixed assets
$186Other real estate owned
$0Goodwill and other intangibles
$447Life insurance assets
$267All other assets
$0Total liabilities and capital
$31,315Total liabilities
$29,058Total deposits
$26,621Interest-bearing deposits
$22,628Deposits held in domestic offices
26621.00%% insured (estimated)
$82Federal funds purchased & repurchase agreements
$655Trading liabilities
$0Other borrowed funds
$1,575Subordinated debt
$0All other liabilities
$207Total equity capital
$207Total bank equity capital
$2,257Perpetual preferred stock
$0Common stock
$300Surplus
$1,934Undivided profits
Memoranda
$23Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$92Income earned, not collected on loans
$183Earning assets
$28,403Long-term assets (5+ years)
$5,054Average Assets, year-to-date
$28,619Average Assets, quarterly
$30,556Volatile liabilities
$6,202Insider loans
$93FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,859Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,996Total risk weighted assets
$20,160Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,875Total interest expense
$648Net interest income
$1,227Provision for loan and lease losses
$19Total noninterest income
$136Fiduciary activities
$0Service charges on deposit accounts
$96Trading account gains & fees
$0Additional noninterest income
$40Total noninterest expense
$897Salaries and employee benefits
$333Premises and equipment expense
$63Additional noninterest expense
$501Pre-tax net operating income
$447Securities gains (losses)
$2Applicable income taxes
$169Income before extraordinary items
$280Extraordinary gains - net
$0Net income attributable to bank
$280Net charge-offs
-$5Cash dividends
$1,219Sale, 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
7.15%Cost of funding earning assets
2.47%Net interest margin
4.68%Noninterest income to earning assets
0.52%Noninterest expense to earning assets
3.42%Net operating income to assets
0.97%Return on assets (ROA)
0.98%Pretax return on assets
1.57%Return on equity (ROE)
10.62%Retained earnings to average equity (YTD only)
-35.61%Net charge-offs to loans
-0.03%Credit loss provision to net charge-offs
-380.00%Efficiency ratio
59,648Assets per employee
2.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
435.36%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
247.83%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.50%Net loans and leases to deposits
68.06%Net loans and leases to core deposits
80.00%Equity capital to assets
7.21%Core capital (leverage) ratio
6.72%Tier 1 risk-based capital ratio
9.90%Total risk-based capital ratio
Memoranda
$11Average assets
$28,619Average earning assets
$2,637Average equity
$26,223Average loans

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