First Integrity Bank, National Association - Overview
General
FDIC Certificate #: 12736 Status: Inactive Closing history: Corrections Acquiring institution:First International Bank & Trust (#10248) Federal Reserve ID: 203753 Date Established: January 20, 1920 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 12204 FDIC's unique #: 8073 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: May 30, 2008 Last Structure Change Process Date: June 03, 2008 Last Data Update: June 03, 2008 Data Source Date: April 05, 2012
Location
Address: 111 N.E. Fourth Street, Staples, MN 56479 County: Todd 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
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $52.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
34Total employees (full-time equivalent)
$54,994Total assets
$2,441Cash and due from depository institutions
$0Interest-bearing balances
$5,744Securities
$2,487Federal funds sold & reverse repurchase agreements
$38,216Net loans & leases
$1,383Loan loss allowance
$0Trading account assets
$1,056Bank premises and fixed assets
$1,920Other real estate owned
$0Goodwill and other intangibles
$1,464Life insurance assets
$3,130All other assets
$54,994Total liabilities and capital
$52,123Total liabilities
$49,713Total deposits
$41,341Interest-bearing deposits
$49,713Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$410All other liabilities
$2,871Total equity capital
$2,871Total bank equity capital
$2,871Perpetual preferred stock
$0Common stock
$90Surplus
$4,478Undivided profits
Memoranda
$-1,697Noncurrent loans and leases
$7,911Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,813Earning assets
$0Long-term assets (5+ years)
$449Average Assets, year-to-date
$46,447Average Assets, quarterly
$774Volatile liabilities
$52,955Insider loans
$54,438FHLB advances
$8,335Loans and leases held for sale
$1,182Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,911Total unused commitments
$0Restructured Loans and leases
$584Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$3,812Total interest income
$1,221Total interest expense
$2,591Net interest income
$2,326Provision for loan and lease losses
$383Total noninterest income
$0Fiduciary activities
$230Service charges on deposit accounts
$0Trading account gains & fees
$153Additional noninterest income
$4,151Total noninterest expense
$1,789Salaries and employee benefits
$738Premises and equipment expense
$1,624Additional noninterest expense
-$3,503Pre-tax net operating income
$0Securities gains (losses)
$136Applicable income taxes
-$3,639Income before extraordinary items
$0Extraordinary gains - net
-$3,639Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,789Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.58%Yield on earning assets
2.75%Cost of funding earning assets
5.83%Net interest margin
0.86%Noninterest income to earning assets
9.35%Noninterest expense to earning assets
-6.87%Net operating income to assets
-6.87%Return on assets (ROA)
-6.62%Pretax return on assets
-70.72%Return on equity (ROE)
-70.72%Retained earnings to average equity (YTD only)
4.83%Net charge-offs to loans
130.02%Credit loss provision to net charge-offs
-0.66%Efficiency ratio
139,576Assets per employee
1.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.49%Loss allowance to noncurrent loans
49.16%Noncurrent assets plus other real estate owned to assets
8.61%Noncurrent loans to loans
7.10%Net loans and leases to deposits
76.87%Net loans and leases to core deposits
88.10%Equity capital to assets
5.22%Core capital (leverage) ratio
4.45%Tier 1 risk-based capital ratio
5.23%Total risk-based capital ratio
Memoranda
$6Average assets
$52,955Average earning assets
$5,146Average equity
$44,411Average loans
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