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

This bank is inactive as of August 11, 1995

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

General
FDIC Certificate #: 3944
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: BNC National Bank (#33149)
Federal Reserve ID: 867155
Date Established: January 01, 1909
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)
OTS Docket #: 11400
FDIC's unique #: 2570
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: August 11, 1995
Last Structure Change Process Date: August 21, 1995
Last Data Update: August 21, 1995
Data Source Date: April 05, 2012
Location
Address: 104 North Broadway, Linton, ND 58552
County: Emmons
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: $52.6 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)
$14Total assets
$52,523Cash and due from depository institutions
$1,481Interest-bearing balances
$238Securities
$11,283Federal funds sold & reverse repurchase agreements
$525Net loans & leases
$37,591Loan loss allowance
$218Trading account assets
$0Bank premises and fixed assets
$909Other real estate owned
$0Goodwill and other intangibles
$734Life insurance assets
$0All other assets
$0Total liabilities and capital
$52,523Total liabilities
$48,319Total deposits
$45,418Interest-bearing deposits
$42,579Deposits held in domestic offices
45418.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$235Trading liabilities
$0Other borrowed funds
$2,000Subordinated debt
$0All other liabilities
$666Total equity capital
$666Total bank equity capital
$4,204Perpetual preferred stock
$0Common stock
$300Surplus
$300Undivided profits
Memoranda
$3,604Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$67Income earned, not collected on loans
$542Earning assets
$49,637Long-term assets (5+ years)
$9,508Average Assets, year-to-date
$49,775Average Assets, quarterly
$52,287Volatile liabilities
$5,829Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,653Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,413Total risk weighted assets
$41,598Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,697Total interest expense
$1,619Net interest income
$2,078Provision for loan and lease losses
$48Total noninterest income
$84Fiduciary activities
$0Service charges on deposit accounts
$69Trading account gains & fees
$0Additional noninterest income
$15Total noninterest expense
$1,091Salaries and employee benefits
$480Premises and equipment expense
$142Additional noninterest expense
$469Pre-tax net operating income
$1,023Securities gains (losses)
$2Applicable income taxes
$354Income before extraordinary items
$671Extraordinary gains - net
$0Net income attributable to bank
$671Net charge-offs
-$3Cash dividends
$660Sale, 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
7.84%Cost of funding earning assets
3.43%Net interest margin
4.41%Noninterest income to earning assets
0.18%Noninterest expense to earning assets
2.31%Net operating income to assets
1.35%Return on assets (ROA)
1.35%Pretax return on assets
2.06%Return on equity (ROE)
16.33%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
-0.01%Credit loss provision to net charge-offs
-1600.00%Efficiency ratio
50,463Assets per employee
3.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
98.36%Loss allowance to loans
0.58%Loss allowance to noncurrent loans
325.37%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.18%Net loans and leases to deposits
82.77%Net loans and leases to core deposits
89.88%Equity capital to assets
8.00%Core capital (leverage) ratio
8.42%Tier 1 risk-based capital ratio
10.61%Total risk-based capital ratio
Memoranda
$11Average assets
$49,775Average earning assets
$4,109Average equity
$47,143Average loans

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