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

This bank is inactive as of July 15, 1997

First American Bank, National Association in Wahpeton, North Dakota (ND)
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First American Bank, National Association - Overview

General
FDIC Certificate #: 34184
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: BREMER BANK, NATIONAL ASSOCIATION (#12918)
Federal Reserve ID: 2356952
Date Established: June 11, 1996
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 #: 56842
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: June 11, 1996
Last Structure Change Effective Date: July 15, 1997
Last Structure Change Process Date: July 28, 1997
Last Data Update: July 28, 1997
Data Source Date: April 05, 2012
Location
Address: 387 11th Street South, 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: $8.0 mil

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$4,816Cash and due from depository institutions
$48Interest-bearing balances
$0Securities
$501Federal funds sold & reverse repurchase agreements
$2,469Net loans & leases
$1,445Loan loss allowance
$11Trading account assets
$0Bank premises and fixed assets
$281Other real estate owned
$0Goodwill and other intangibles
$72Life insurance assets
$0All other assets
$0Total liabilities and capital
$4,816Total liabilities
$2,810Total deposits
$2,768Interest-bearing deposits
$2,553Deposits held in domestic offices
2768.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$42Total equity capital
$42Total bank equity capital
$2,006Perpetual preferred stock
$0Common stock
$2,000Surplus
$100Undivided profits
Memoranda
$-94Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9Earning assets
$4,415Long-term assets (5+ years)
$501Average Assets, year-to-date
$4,190Average Assets, quarterly
$4,590Volatile liabilities
$328Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,869Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,004Total risk weighted assets
$2,281Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$145Total interest expense
$67Net interest income
$78Provision for loan and lease losses
$11Total noninterest income
$16Fiduciary activities
$0Service charges on deposit accounts
$12Trading account gains & fees
$0Additional noninterest income
$4Total noninterest expense
$239Salaries and employee benefits
$139Premises and equipment expense
$31Additional noninterest expense
$69Pre-tax net operating income
-$156Securities gains (losses)
$0Applicable income taxes
-$60Income before extraordinary items
-$96Extraordinary gains - net
$0Net income attributable to bank
-$96Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$2,100Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
3.84%Cost of funding earning assets
1.78%Net interest margin
2.07%Noninterest income to earning assets
0.42%Noninterest expense to earning assets
6.33%Net operating income to assets
-2.29%Return on assets (ROA)
-2.29%Pretax return on assets
-3.72%Return on equity (ROE)
-4.71%Retained earnings to average equity (YTD only)
-4.71%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
254,255Assets per employee
0.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.76%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
52.20%Net loans and leases to core deposits
59.22%Equity capital to assets
41.65%Core capital (leverage) ratio
44.46%Tier 1 risk-based capital ratio
87.86%Total risk-based capital ratio
Memoranda
$88Average assets
$4,190Average earning assets
$2,037Average equity
$3,774Average loans

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