Moorhead Bank, National Association in Moorhead, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 18, 1993

  • Moorhead Bank, National Association in Moorhead, Minnesota (MN)
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Moorhead Bank, National Association - Overview

  • General
  • FDIC Certificate #: 18945
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Norwest Bank Minnesota West, National Association (#5213)
    Federal Reserve ID: 702256
    Date Established: November 14, 1963
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 12790
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: November 14, 1963
    Last Structure Change Effective Date: June 18, 1993
    Last Structure Change Process Date: June 24, 1993
    Last Data Update: June 24, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 2410 8th Street South, Moorhead, MN 56560
    County: Clay
    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)
  • Financial Summary
  • Total assets: $32.8 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $20Total assets
  • $34,285Cash and due from depository institutions
  • $1,825Interest-bearing balances
  • $0Securities
  • $11,256Federal funds sold & reverse repurchase agreements
  • $2,300Net loans & leases
  • $16,743Loan loss allowance
  • $225Trading account assets
  • $0Bank premises and fixed assets
  • $165Other real estate owned
  • $0Goodwill and other intangibles
  • $782Life insurance assets
  • $1,214All other assets
  • $0Total liabilities and capital
  • $34,285Total liabilities
  • $30,257Total deposits
  • $29,544Interest-bearing deposits
  • $25,763Deposits held in domestic offices
  • 29544.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $271Subordinated debt
  • $0All other liabilities
  • $442Total equity capital
  • $442Total bank equity capital
  • $4,028Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $3,724Undivided profits
  • Memoranda
  • $4Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $98Income earned, not collected on loans
  • $152Earning assets
  • $30,299Long-term assets (5+ years)
  • $2,559Average Assets, year-to-date
  • $33,529Average Assets, quarterly
  • $33,277Volatile liabilities
  • $2,277Insider loans
  • $231FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,855Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,814Total risk weighted assets
  • $18,670Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,725Total interest expense
  • $1,281Net interest income
  • $1,444Provision for loan and lease losses
  • $111Total noninterest income
  • $392Fiduciary activities
  • $0Service charges on deposit accounts
  • $251Trading account gains & fees
  • $0Additional noninterest income
  • $141Total noninterest expense
  • $1,337Salaries and employee benefits
  • $731Premises and equipment expense
  • $220Additional noninterest expense
  • $386Pre-tax net operating income
  • $388Securities gains (losses)
  • $39Applicable income taxes
  • $143Income before extraordinary items
  • $284Extraordinary gains - net
  • $0Net income attributable to bank
  • $284Net charge-offs
  • $111Cash dividends
  • $98Sale, conversion, retirement of capital stock, net
  • $1,214Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.96%Cost of funding earning assets
  • 4.21%Net interest margin
  • 4.75%Noninterest income to earning assets
  • 1.29%Noninterest expense to earning assets
  • 4.40%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 1.27%Return on equity (ROE)
  • 9.53%Retained earnings to average equity (YTD only)
  • 6.24%Net charge-offs to loans
  • 0.61%Credit loss provision to net charge-offs
  • 100.00%Efficiency ratio
  • 72,821Assets per employee
  • 1.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.51%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 229.59%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.58%Net loans and leases to deposits
  • 56.67%Net loans and leases to core deposits
  • 60.80%Equity capital to assets
  • 11.75%Core capital (leverage) ratio
  • 8.80%Tier 1 risk-based capital ratio
  • 15.07%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $33,529Average earning assets
  • $2,979Average equity
  • $30,401Average loans

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