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

This bank is inactive as of January 01, 1993

  • 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

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