First Southwest Bank - Mandan in Mandan, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 10, 1995

First Southwest Bank - Mandan in Mandan, North Dakota (ND)
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First Southwest Bank - Mandan - Overview

General
FDIC Certificate #: 17988
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Starion Financial (#33758)
Federal Reserve ID: 684259
Date Established: April 29, 1959
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 11863
FDIC's unique #: 11919
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: April 29, 1959
Last Structure Change Effective Date: October 10, 1995
Last Structure Change Process Date: October 24, 1995
Last Data Update: October 24, 1995
Data Source Date: April 05, 2012
Location
Address: 109 First Street, N.W., Mandan, ND 58554
County: Morton
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): Bismarck, ND (#1010)
Core Based Statistical Area (CBSA): Bismarck, ND (#13900)
CBSA Metro Statistical Area: Bismarck, ND (#13900)
Financial Summary
Total assets: $66.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$31Total assets
$62,498Cash and due from depository institutions
$6,045Interest-bearing balances
$2,350Securities
$12,541Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$41,212Loan loss allowance
$623Trading account assets
$0Bank premises and fixed assets
$1,684Other real estate owned
$0Goodwill and other intangibles
$994Life insurance assets
$22All other assets
$0Total liabilities and capital
$62,498Total liabilities
$57,796Total deposits
$56,597Interest-bearing deposits
$49,249Deposits held in domestic offices
56597.00%% insured (estimated)
$84Federal funds purchased & repurchase agreements
$305Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$894Total equity capital
$894Total bank equity capital
$4,702Perpetual preferred stock
$0Common stock
$750Surplus
$3,250Undivided profits
Memoranda
$702Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$60Income earned, not collected on loans
$417Earning assets
$56,103Long-term assets (5+ years)
$5,005Average Assets, year-to-date
$57,939Average Assets, quarterly
$61,176Volatile liabilities
$6,656Insider loans
$1,442FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,065Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,949Total risk weighted assets
$46,791Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,258Total interest expense
$1,505Net interest income
$2,753Provision for loan and lease losses
$153Total noninterest income
$486Fiduciary activities
$0Service charges on deposit accounts
$336Trading account gains & fees
$0Additional noninterest income
$150Total noninterest expense
$1,819Salaries and employee benefits
$927Premises and equipment expense
$273Additional noninterest expense
$619Pre-tax net operating income
$1,267Securities gains (losses)
-$17Applicable income taxes
$427Income before extraordinary items
$823Extraordinary gains - net
$0Net income attributable to bank
$823Net charge-offs
$6Cash dividends
$586Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.06%Cost of funding earning assets
2.85%Net interest margin
5.21%Noninterest income to earning assets
0.92%Noninterest expense to earning assets
3.44%Net operating income to assets
1.44%Return on assets (ROA)
1.42%Pretax return on assets
2.16%Return on equity (ROE)
17.05%Retained earnings to average equity (YTD only)
4.91%Net charge-offs to loans
0.02%Credit loss provision to net charge-offs
2550.00%Efficiency ratio
55,727Assets per employee
2.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
71.20%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
1038.33%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.14%Net loans and leases to deposits
72.82%Net loans and leases to core deposits
82.02%Equity capital to assets
7.52%Core capital (leverage) ratio
8.09%Tier 1 risk-based capital ratio
10.58%Total risk-based capital ratio
Memoranda
$12Average assets
$57,939Average earning assets
$4,828Average equity
$52,812Average loans

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