FDIC Certificate #: 33206 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Ramsey National Bank (#3914) Federal Reserve ID: 1857667 Date Established: September 21, 1990 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8928 FDIC's unique #: 46446 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: September 21, 1990 Last Structure Change Effective Date: October 23, 2000 Last Structure Change Process Date: January 03, 2001 Last Data Update: January 03, 2001 Data Source Date: April 05, 2012
Location
Address: 407 Fifth Avenue, Cando, ND 58324 County: Towner 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: $45.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
16Total employees (full-time equivalent)
$45,975Total assets
$1,395Cash and due from depository institutions
$103Interest-bearing balances
$13,789Securities
$2,460Federal funds sold & reverse repurchase agreements
$23,964Net loans & leases
$199Loan loss allowance
$0Trading account assets
$1,171Bank premises and fixed assets
$23Other real estate owned
$1,894Goodwill and other intangibles
$0Life insurance assets
$1,279All other assets
$45,975Total liabilities and capital
$40,567Total liabilities
$40,023Total deposits
$40,023Interest-bearing deposits
$40,023Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$103Other borrowed funds
$0Subordinated debt
$441All other liabilities
$5,408Total equity capital
$5,408Total bank equity capital
$5,408Perpetual preferred stock
$0Common stock
$388Surplus
$6,426Undivided profits
Memoranda
$-1,406Noncurrent loans and leases
$5,548Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$49Earning assets
$0Long-term assets (5+ years)
$571Average Assets, year-to-date
$40,316Average Assets, quarterly
$0Volatile liabilities
$46,253Insider loans
$46,003FHLB advances
$5,734Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,548Total unused commitments
$0Restructured Loans and leases
$199Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$2,971Total interest income
$1,733Total interest expense
$1,238Net interest income
$83Provision for loan and lease losses
$178Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$178Additional noninterest income
$1,329Total noninterest expense
$545Salaries and employee benefits
$133Premises and equipment expense
$651Additional noninterest expense
$4Pre-tax net operating income
$2Securities gains (losses)
-$29Applicable income taxes
$35Income before extraordinary items
$0Extraordinary gains - net
$35Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$35Sale, conversion, retirement of capital stock, net
$600Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.29%Yield on earning assets
4.25%Cost of funding earning assets
3.04%Net interest margin
0.44%Noninterest income to earning assets
3.26%Noninterest expense to earning assets
0.07%Net operating income to assets
0.08%Return on assets (ROA)
0.01%Pretax return on assets
0.58%Return on equity (ROE)
-9.37%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
237.14%Credit loss provision to net charge-offs
2.49%Efficiency ratio
78,319Assets per employee
2.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
1714.29%Loss allowance to loans
0.82%Loss allowance to noncurrent loans
406.12%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.20%Net loans and leases to deposits
59.88%Net loans and leases to core deposits
69.68%Equity capital to assets
11.76%Core capital (leverage) ratio
8.55%Tier 1 risk-based capital ratio
15.33%Total risk-based capital ratio
Memoranda
$16Average assets
$46,253Average earning assets
$6,033Average equity
$40,770Average loans
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