The First National Bank of Bowman in Bowman, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1995

The First National Bank of Bowman in Bowman, North Dakota (ND)
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The First National Bank of Bowman - Overview

General
FDIC Certificate #: 3904
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Liberty Bank and Trust, National Association (#3916)
Federal Reserve ID: 977157
Date Established: December 30, 1907
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)
FDIC's unique #: 2549
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: January 01, 1934
Last Structure Change Effective Date: January 01, 1995
Last Structure Change Process Date: January 12, 1995
Last Data Update: January 12, 1995
Data Source Date: April 05, 2012
Location
Address: Drawer B, Bowman, ND 58623
County: Bowman
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
Financial Summary
Total assets: $48.0 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)
$18Total assets
$48,017Cash and due from depository institutions
$1,633Interest-bearing balances
$0Securities
$27,959Federal funds sold & reverse repurchase agreements
$1,800Net loans & leases
$15,626Loan loss allowance
$177Trading account assets
$0Bank premises and fixed assets
$241Other real estate owned
$0Goodwill and other intangibles
$758Life insurance assets
$0All other assets
$0Total liabilities and capital
$48,017Total liabilities
$44,260Total deposits
$43,887Interest-bearing deposits
$37,134Deposits held in domestic offices
43887.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$373Total equity capital
$373Total bank equity capital
$3,757Perpetual preferred stock
$0Common stock
$800Surplus
$3,258Undivided profits
Memoranda
$-301Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$90Income earned, not collected on loans
$323Earning assets
$45,385Long-term assets (5+ years)
$11,968Average Assets, year-to-date
$50,892Average Assets, quarterly
$47,445Volatile liabilities
$1,353Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,219Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,228Total risk weighted assets
$20,439Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$2,954Total interest expense
$1,237Net interest income
$1,717Provision for loan and lease losses
$8Total noninterest income
$175Fiduciary activities
$0Service charges on deposit accounts
$132Trading account gains & fees
$0Additional noninterest income
$43Total noninterest expense
$1,117Salaries and employee benefits
$506Premises and equipment expense
$163Additional noninterest expense
$448Pre-tax net operating income
$767Securities gains (losses)
-$93Applicable income taxes
$330Income before extraordinary items
$344Extraordinary gains - net
$0Net income attributable to bank
$344Net charge-offs
$0Cash dividends
$225Sale, 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
6.11%Cost of funding earning assets
2.56%Net interest margin
3.55%Noninterest income to earning assets
0.36%Noninterest expense to earning assets
2.31%Net operating income to assets
0.79%Return on assets (ROA)
0.68%Pretax return on assets
1.32%Return on equity (ROE)
8.65%Retained earnings to average equity (YTD only)
2.99%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
59,038Assets per employee
2.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
65.41%Loss allowance to loans
1.12%Loss allowance to noncurrent loans
196.67%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.57%Net loans and leases to deposits
35.61%Net loans and leases to core deposits
36.74%Equity capital to assets
7.82%Core capital (leverage) ratio
8.88%Tier 1 risk-based capital ratio
20.69%Total risk-based capital ratio
Memoranda
$22Average assets
$50,892Average earning assets
$3,977Average equity
$48,321Average loans

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