First Bank, Federal Savings Bank in city_name, state_name - Detailed Financial Reports, Location

First Bank, Federal Savings Bank in Fargo, North Dakota (ND)
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First Bank, Federal Savings Bank - Overview

General
FDIC Certificate #: 28256
Status: Inactive
Closing history: Corrections
Acquiring institution: First Bank National Association (#5199)
Federal Reserve ID: 698171
Date Established: January 01, 1926
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 1242
FDIC's unique #: 41090
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: May 06, 1952
Last Structure Change Effective Date: May 31, 1997
Last Structure Change Process Date: June 16, 1997
Last Data Update: November 06, 1997
Data Source Date: April 05, 2012
Location
Address: 505 Second Avenue North, Fargo, ND 58102
County: Cass
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
Metropolitan Statistical Area (MSA): Fargo-Moorhead, ND-MN (#2520)
Combined Statistical Area (CSA): Fargo-Wahpeton, ND-MN (#244)
Core Based Statistical Area (CBSA): Fargo, ND-MN (#22020)
CBSA Metro Statistical Area: Fargo, ND-MN (#22020)
History of Changes
Merger - Without Assistance
Participated in Reorganization
Corrections
Financial Summary
Total assets: $4,625.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$695Total assets
$4,937,221Cash and due from depository institutions
$131,794Interest-bearing balances
$2,063Securities
$1,052,405Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$3,435,139Loan loss allowance
$65,052Trading account assets
$0Bank premises and fixed assets
$31,088Other real estate owned
$8,585Goodwill and other intangibles
$180,410Life insurance assets
$97,800All other assets
$0Total liabilities and capital
$4,937,221Total liabilities
$4,455,795Total deposits
$2,680,655Interest-bearing deposits
$2,423,033Deposits held in domestic offices
2680655.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$42,826Trading liabilities
$0Other borrowed funds
$1,507,192Subordinated debt
$106,650All other liabilities
$118,472Total equity capital
$118,472Total bank equity capital
$481,426Perpetual preferred stock
$0Common stock
$29Surplus
$432,237Undivided profits
Memoranda
$49,160Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$36,390Income earned, not collected on loans
$24,321Earning assets
$4,489,607Long-term assets (5+ years)
$0Average Assets, year-to-date
$5,579,400Average Assets, quarterly
$5,151,791Volatile liabilities
$1,914,990Insider loans
$604FHLB advances
$1,004,989Loans and leases held for sale
$0Unused loan commitments
$1,227,665Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$371,175Total risk weighted assets
$3,305,375Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$406,064Total interest expense
$245,734Net interest income
$160,330Provision for loan and lease losses
$26,838Total noninterest income
$65,757Fiduciary activities
$0Service charges on deposit accounts
$153Trading account gains & fees
$0Additional noninterest income
$65,604Total noninterest expense
$162,210Salaries and employee benefits
$30,022Premises and equipment expense
$29,125Additional noninterest expense
$103,063Pre-tax net operating income
$37,039Securities gains (losses)
-$9,589Applicable income taxes
$17,412Income before extraordinary items
$10,038Extraordinary gains - net
$0Net income attributable to bank
$10,038Net charge-offs
$15,829Cash dividends
$80,000Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.97%Cost of funding earning assets
4.82%Net interest margin
3.15%Noninterest income to earning assets
1.29%Noninterest expense to earning assets
3.18%Net operating income to assets
0.29%Return on assets (ROA)
0.18%Pretax return on assets
0.49%Return on equity (ROE)
2.06%Retained earnings to average equity (YTD only)
-14.33%Net charge-offs to loans
0.39%Credit loss provision to net charge-offs
169.55%Efficiency ratio
59,327Assets per employee
7.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
796.97%Loss allowance to loans
1.86%Loss allowance to noncurrent loans
178.76%Noncurrent assets plus other real estate owned to assets
0.79%Noncurrent loans to loans
1.04%Net loans and leases to deposits
128.15%Net loans and leases to core deposits
148.34%Equity capital to assets
9.75%Core capital (leverage) ratio
7.70%Tier 1 risk-based capital ratio
11.23%Total risk-based capital ratio
Memoranda
$16Average assets
$5,579,400Average earning assets
$488,199Average equity
$5,093,629Average loans

First Bank, Federal Savings Bank in Fargo, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank, Federal Savings Bank - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

First Bank, Federal Savings Bank in Fargo, North Dakota (ND)Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank, Federal Savings Bank - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

First Bank, Federal Savings Bank in Fargo, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches