Community First National Bank of Lidgerwood in Lidgerwood, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 03, 1995

Community First National Bank of Lidgerwood in Lidgerwood, North Dakota (ND)
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Community First National Bank of Lidgerwood - Overview

General
FDIC Certificate #: 3943
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First National Bank (#3924)
Federal Reserve ID: 1003857
Date Established: June 24, 1925
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)
OTS Docket #: 9851
FDIC's unique #: 2569
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 13, 1995
Last Data Update: January 13, 1995
Data Source Date: April 05, 2012
Location
Address: 50 Wiley Avenue, Lidgerwood, ND 58053
County: Richland
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: $29.1 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)
$9Total assets
$29,115Cash and due from depository institutions
$1,416Interest-bearing balances
$403Securities
$6,224Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$20,669Loan loss allowance
$269Trading account assets
$0Bank premises and fixed assets
$336Other real estate owned
$0Goodwill and other intangibles
$470Life insurance assets
$0All other assets
$0Total liabilities and capital
$29,115Total liabilities
$27,052Total deposits
$23,903Interest-bearing deposits
$21,787Deposits held in domestic offices
23903.00%% insured (estimated)
$99Federal funds purchased & repurchase agreements
$1,540Trading liabilities
$0Other borrowed funds
$1,400Subordinated debt
$0All other liabilities
$209Total equity capital
$209Total bank equity capital
$2,063Perpetual preferred stock
$0Common stock
$400Surplus
$1,582Undivided profits
Memoranda
$81Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$12Income earned, not collected on loans
$328Earning assets
$27,296Long-term assets (5+ years)
$3,037Average Assets, year-to-date
$27,824Average Assets, quarterly
$28,970Volatile liabilities
$3,567Insider loans
$1,141FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,645Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,075Total risk weighted assets
$22,757Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$2,055Total interest expense
$771Net interest income
$1,284Provision for loan and lease losses
$17Total noninterest income
$150Fiduciary activities
$0Service charges on deposit accounts
$97Trading account gains & fees
$0Additional noninterest income
$53Total noninterest expense
$699Salaries and employee benefits
$303Premises and equipment expense
$51Additional noninterest expense
$345Pre-tax net operating income
$718Securities gains (losses)
$8Applicable income taxes
$263Income before extraordinary items
$463Extraordinary gains - net
$0Net income attributable to bank
$463Net charge-offs
$1Cash dividends
$522Sale, 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
7.82%Cost of funding earning assets
2.93%Net interest margin
4.89%Noninterest income to earning assets
0.57%Noninterest expense to earning assets
2.66%Net operating income to assets
1.65%Return on assets (ROA)
1.66%Pretax return on assets
2.61%Return on equity (ROE)
22.15%Retained earnings to average equity (YTD only)
-2.82%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
1700.00%Efficiency ratio
48,745Assets per employee
3.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
112.74%Loss allowance to loans
1.28%Loss allowance to noncurrent loans
2241.67%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.06%Net loans and leases to deposits
86.47%Net loans and leases to core deposits
88.80%Equity capital to assets
7.09%Core capital (leverage) ratio
7.16%Tier 1 risk-based capital ratio
9.12%Total risk-based capital ratio
Memoranda
$10Average assets
$27,824Average earning assets
$2,091Average equity
$26,271Average loans

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