First American Bank of Watertown in city_name, state_name - Detailed Financial Reports, Location

First American Bank of Watertown in Watertown, Minnesota (MN)
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First American Bank of Watertown - Overview

General
FDIC Certificate #: 8839
Status: Inactive
Closing history: Consolidated - Without Assistance
Acquiring institution: Bremer Bank, National Association (#12923)
Federal Reserve ID: 898654
Date Established: August 31, 1916
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 5634
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: January 01, 1993
Last Structure Change Process Date: January 12, 1993
Last Data Update: January 12, 1993
Data Source Date: April 05, 2012
Location
Address: Hope And Territorial Streets, Watertown, MN 55388
County: Carver
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Minneapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial Summary
Total assets: $24.2 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$13Total assets
$24,225Cash and due from depository institutions
$1,034Interest-bearing balances
$0Securities
$8,080Federal funds sold & reverse repurchase agreements
$733Net loans & leases
$13,434Loan loss allowance
$355Trading account assets
$0Bank premises and fixed assets
$225Other real estate owned
$280Goodwill and other intangibles
$439Life insurance assets
$0All other assets
$0Total liabilities and capital
$24,225Total liabilities
$22,290Total deposits
$21,772Interest-bearing deposits
$19,584Deposits held in domestic offices
21772.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$200Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$318Total equity capital
$318Total bank equity capital
$1,935Perpetual preferred stock
$0Common stock
$125Surplus
$975Undivided profits
Memoranda
$835Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$169Income earned, not collected on loans
$106Earning assets
$22,247Long-term assets (5+ years)
$5,466Average Assets, year-to-date
$23,565Average Assets, quarterly
$23,752Volatile liabilities
$840Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,163Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,935Total risk weighted assets
$14,929Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$2,015Total interest expense
$913Net interest income
$1,102Provision for loan and lease losses
$0Total noninterest income
$274Fiduciary activities
$0Service charges on deposit accounts
$194Trading account gains & fees
$0Additional noninterest income
$80Total noninterest expense
$1,013Salaries and employee benefits
$450Premises and equipment expense
$115Additional noninterest expense
$448Pre-tax net operating income
$363Securities gains (losses)
$52Applicable income taxes
$107Income before extraordinary items
$308Extraordinary gains - net
$0Net income attributable to bank
$308Net charge-offs
$11Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.21%Cost of funding earning assets
4.17%Net interest margin
5.04%Noninterest income to earning assets
1.25%Noninterest expense to earning assets
4.63%Net operating income to assets
1.14%Return on assets (ROA)
1.31%Pretax return on assets
1.76%Return on equity (ROE)
17.58%Retained earnings to average equity (YTD only)
17.58%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
0.00%Efficiency ratio
73,619Assets per employee
1.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.57%Loss allowance to noncurrent loans
210.06%Noncurrent assets plus other real estate owned to assets
1.85%Noncurrent loans to loans
1.23%Net loans and leases to deposits
61.70%Net loans and leases to core deposits
63.57%Equity capital to assets
7.99%Core capital (leverage) ratio
8.19%Tier 1 risk-based capital ratio
12.96%Total risk-based capital ratio
Memoranda
$14Average assets
$23,565Average earning assets
$1,752Average equity
$21,871Average loans

First American Bank of Watertown in Watertown, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First American Bank of Watertown - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First American Bank of Watertown in Watertown, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

First American Bank of Watertown - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First American Bank of Watertown in Watertown, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches