First International Bank & Trust, National Association in Fessenden, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 1993

First International Bank & Trust, National Association in Fessenden, North Dakota (ND)
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First International Bank & Trust, National Association - Overview

General
FDIC Certificate #: 3926
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First International Bank & Trust (#10248)
Federal Reserve ID: 844156
Date Established: May 15, 1900
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
FDIC's unique #: 2561
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 01, 1993
Last Structure Change Process Date: December 27, 1993
Last Data Update: December 27, 1993
Data Source Date: April 05, 2012
Location
Address: 78 South Main Street, Fessenden, ND 58438
County: Wells
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: $60.6 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$35Total assets
$55,227Cash and due from depository institutions
$3,042Interest-bearing balances
$392Securities
$16,897Federal funds sold & reverse repurchase agreements
$1,100Net loans & leases
$32,285Loan loss allowance
$315Trading account assets
$0Bank premises and fixed assets
$867Other real estate owned
$80Goodwill and other intangibles
$809Life insurance assets
$147All other assets
$0Total liabilities and capital
$55,227Total liabilities
$51,426Total deposits
$50,942Interest-bearing deposits
$46,751Deposits held in domestic offices
50942.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$484Total equity capital
$484Total bank equity capital
$3,801Perpetual preferred stock
$0Common stock
$400Surplus
$675Undivided profits
Memoranda
$2,726Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$326Income earned, not collected on loans
$563Earning assets
$50,674Long-term assets (5+ years)
$7,734Average Assets, year-to-date
$53,620Average Assets, quarterly
$54,549Volatile liabilities
$2,274Insider loans
$395FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,087Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,654Total risk weighted assets
$39,056Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$4,576Total interest expense
$2,296Net interest income
$2,280Provision for loan and lease losses
$232Total noninterest income
$167Fiduciary activities
$0Service charges on deposit accounts
$69Trading account gains & fees
$0Additional noninterest income
$98Total noninterest expense
$1,545Salaries and employee benefits
$748Premises and equipment expense
$173Additional noninterest expense
$624Pre-tax net operating income
$670Securities gains (losses)
$37Applicable income taxes
$195Income before extraordinary items
$512Extraordinary gains - net
$0Net income attributable to bank
$512Net charge-offs
$163Cash dividends
$134Sale, 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
9.08%Cost of funding earning assets
4.56%Net interest margin
4.53%Noninterest income to earning assets
0.33%Noninterest expense to earning assets
3.07%Net operating income to assets
0.91%Return on assets (ROA)
0.95%Pretax return on assets
1.32%Return on equity (ROE)
14.19%Retained earnings to average equity (YTD only)
10.48%Net charge-offs to loans
0.57%Credit loss provision to net charge-offs
142.33%Efficiency ratio
61,913Assets per employee
1.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
26.17%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
96.63%Noncurrent assets plus other real estate owned to assets
0.74%Noncurrent loans to loans
1.00%Net loans and leases to deposits
63.38%Net loans and leases to core deposits
66.34%Equity capital to assets
6.88%Core capital (leverage) ratio
6.80%Tier 1 risk-based capital ratio
9.36%Total risk-based capital ratio
Memoranda
$10Average assets
$53,620Average earning assets
$3,608Average equity
$50,376Average loans

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