First American Bank & Trust of Grafton in Grafton, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1995

First American Bank & Trust of Grafton in Grafton, North Dakota (ND)
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First American Bank & Trust of Grafton - Overview

General
FDIC Certificate #: 9421
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bremer Bank, National Association (#2055)
Federal Reserve ID: 848350
Date Established: April 02, 1892
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 11682
FDIC's unique #: 6052
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 01, 1995
Last Structure Change Process Date: July 18, 1995
Last Data Update: July 18, 1995
Data Source Date: April 05, 2012
Location
Address: 910 Hill Avenue, Grafton, ND 58237
County: Walsh
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: $109.2 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)
$40Total assets
$112,198Cash and due from depository institutions
$5,418Interest-bearing balances
$0Securities
$50,512Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$52,627Loan loss allowance
$1,412Trading account assets
$0Bank premises and fixed assets
$994Other real estate owned
$0Goodwill and other intangibles
$2,647Life insurance assets
$0All other assets
$0Total liabilities and capital
$112,198Total liabilities
$104,761Total deposits
$89,563Interest-bearing deposits
$77,223Deposits held in domestic offices
89563.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$10,915Trading liabilities
$0Other borrowed funds
$3,000Subordinated debt
$0All other liabilities
$1,283Total equity capital
$1,283Total bank equity capital
$7,437Perpetual preferred stock
$0Common stock
$1,800Surplus
$3,700Undivided profits
Memoranda
$1,937Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$105Income earned, not collected on loans
$1,154Earning assets
$103,139Long-term assets (5+ years)
$36,765Average Assets, year-to-date
$108,790Average Assets, quarterly
$111,860Volatile liabilities
$17,766Insider loans
$423FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$24,745Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,871Total risk weighted assets
$70,286Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$7,087Total interest expense
$3,218Net interest income
$3,869Provision for loan and lease losses
-$200Total noninterest income
$568Fiduciary activities
$0Service charges on deposit accounts
$226Trading account gains & fees
$0Additional noninterest income
$342Total noninterest expense
$2,653Salaries and employee benefits
$1,429Premises and equipment expense
$211Additional noninterest expense
$1,013Pre-tax net operating income
$1,984Securities gains (losses)
-$81Applicable income taxes
$577Income before extraordinary items
$1,326Extraordinary gains - net
$0Net income attributable to bank
$1,326Net charge-offs
-$150Cash dividends
$1,188Sale, 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
6.95%Cost of funding earning assets
3.16%Net interest margin
3.79%Noninterest income to earning assets
0.56%Noninterest expense to earning assets
2.60%Net operating income to assets
1.27%Return on assets (ROA)
1.22%Pretax return on assets
1.75%Return on equity (ROE)
17.17%Retained earnings to average equity (YTD only)
1.79%Net charge-offs to loans
-0.30%Credit loss provision to net charge-offs
133.33%Efficiency ratio
59,793Assets per employee
2.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
89.59%Loss allowance to loans
2.61%Loss allowance to noncurrent loans
1344.76%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.19%Net loans and leases to deposits
58.76%Net loans and leases to core deposits
63.63%Equity capital to assets
6.63%Core capital (leverage) ratio
7.09%Tier 1 risk-based capital ratio
11.20%Total risk-based capital ratio
Memoranda
$12Average assets
$108,790Average earning assets
$7,723Average equity
$101,990Average loans

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