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

This bank is inactive as of January 03, 1995

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

General
FDIC Certificate #: 3964
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First National Bank (#3924)
Federal Reserve ID: 231457
Date Established: January 01, 1926
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 #: 9818
FDIC's unique #: 2580
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: 501 Dakota Avenue, Wahpeton, ND 58075
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: $65.5 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)
$24Total assets
$65,488Cash and due from depository institutions
$5,015Interest-bearing balances
$302Securities
$12,156Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$46,560Loan loss allowance
$632Trading account assets
$0Bank premises and fixed assets
$573Other real estate owned
$0Goodwill and other intangibles
$1,184Life insurance assets
$0All other assets
$0Total liabilities and capital
$65,488Total liabilities
$61,027Total deposits
$58,343Interest-bearing deposits
$47,317Deposits held in domestic offices
58343.00%% insured (estimated)
$83Federal funds purchased & repurchase agreements
$610Trading liabilities
$0Other borrowed funds
$1,500Subordinated debt
$0All other liabilities
$574Total equity capital
$574Total bank equity capital
$4,461Perpetual preferred stock
$0Common stock
$1,000Surplus
$3,045Undivided profits
Memoranda
$416Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6Income earned, not collected on loans
$692Earning assets
$59,018Long-term assets (5+ years)
$4,733Average Assets, year-to-date
$61,396Average Assets, quarterly
$63,297Volatile liabilities
$9,799Insider loans
$1,379FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,734Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,535Total risk weighted assets
$50,171Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,579Total interest expense
$1,623Net interest income
$2,956Provision for loan and lease losses
$95Total noninterest income
$290Fiduciary activities
$0Service charges on deposit accounts
$213Trading account gains & fees
$0Additional noninterest income
$77Total noninterest expense
$1,713Salaries and employee benefits
$734Premises and equipment expense
$216Additional noninterest expense
$763Pre-tax net operating income
$1,438Securities gains (losses)
$4Applicable income taxes
$510Income before extraordinary items
$932Extraordinary gains - net
$0Net income attributable to bank
$932Net charge-offs
$26Cash dividends
$1,030Sale, 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
8.07%Cost of funding earning assets
2.86%Net interest margin
5.21%Noninterest income to earning assets
0.51%Noninterest expense to earning assets
3.02%Net operating income to assets
1.51%Return on assets (ROA)
1.52%Pretax return on assets
2.35%Return on equity (ROE)
20.56%Retained earnings to average equity (YTD only)
-2.16%Net charge-offs to loans
0.06%Credit loss provision to net charge-offs
365.38%Efficiency ratio
52,773Assets per employee
2.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
110.52%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
10533.33%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.01%Net loans and leases to deposits
79.80%Net loans and leases to core deposits
91.92%Equity capital to assets
6.81%Core capital (leverage) ratio
7.29%Tier 1 risk-based capital ratio
9.04%Total risk-based capital ratio
Memoranda
$10Average assets
$61,396Average earning assets
$4,533Average equity
$56,733Average loans

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