FDIC Certificate #: 34590 Status: Active Federal Reserve ID: 2582023 Bank Holding Company (Regulatory Top Holder): U.S. Bancorp (RSSDID: 1119794, Location: Minneapolis, MN) Date Established: July 31, 1997 WWW:http://www.usbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 60754 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: July 31, 1997 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 4325 17th Avenue, S.W., Fargo, ND 58103 County: Cass Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Washington 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)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $5,997.9 mil Equity capital: $789.8 mil Deposits held in domestic offices: $53.5 mil Return on assets (ROA): 1.93% ($115.8 mil) Quarterly return on assets: 0.10% ($6.0 mil) Return on Equity (ROE): 13.88% ($109.7 mil) Quarterly return on equity: 0.75% ($5.9 mil) Net income: $113.4 mil Quarterly Net income: $1.6 mil Pretax return on assets: 2.99% ($179,338.1 mil) Quarterly Pretax return on assets: 0.18% ($10,796.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2011)
Dollar figures in thousands
914Total employees (full-time equivalent)
$5,997,931Total assets
$73,877Cash and due from depository institutions
$50Interest-bearing balances
$135Securities
$0Federal funds sold & reverse repurchase agreements
$5,589,096Net loans & leases
$194,826Loan loss allowance
$0Trading account assets
$6,017Bank premises and fixed assets
$3,114Other real estate owned
$45,232Goodwill and other intangibles
$5,997,931Life insurance assets
$280,460All other assets
$5,208,147Total liabilities and capital
$53,470Total liabilities
$27,564Total deposits
$53,470Interest-bearing deposits
$88Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,689,560Trading liabilities
$100,000Other borrowed funds
$365,117Subordinated debt
$789,784All other liabilities
$789,784Total equity capital
$789,784Total bank equity capital
$0Perpetual preferred stock
$2,000Common stock
$80,841Surplus
$706,943Undivided profits
Memoranda
$0Noncurrent loans and leases
$37Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$81,407Income earned, not collected on loans
$0Earning assets
$37,664Long-term assets (5+ years)
$5,589,281Average Assets, year-to-date
$1,155,849Average Assets, quarterly
$5,873,287Volatile liabilities
$6,048,376Insider loans
$5,732,050FHLB advances
$5,964,038Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$767,196Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$12,902,093Restructured Loans and leases
$44Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$259,465Total interest income
$7,399Total interest expense
$252,066Net interest income
$78,202Provision for loan and lease losses
$347,841Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$347,841Additional noninterest income
$346,035Total noninterest expense
$42,424Salaries and employee benefits
$3,223Premises and equipment expense
$300,388Additional noninterest expense
$175,670Pre-tax net operating income
$30Securities gains (losses)
$62,293Applicable income taxes
$113,407Income before extraordinary items
$0Extraordinary gains - net
$113,407Net income attributable to bank
$0Net charge-offs
$113,407Cash dividends
$117,846Sale, conversion, retirement of capital stock, net
$100,000Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.68%Yield on earning assets
0.13%Cost of funding earning assets
4.55%Net interest margin
6.28%Noninterest income to earning assets
6.25%Noninterest expense to earning assets
1.93%Net operating income to assets
1.93%Return on assets (ROA)
2.99%Pretax return on assets
13.88%Return on equity (ROE)
1.64%Retained earnings to average equity (YTD only)
2.05%Net charge-offs to loans
66.36%Credit loss provision to net charge-offs
2.15%Efficiency ratio
57,057Assets per employee
6.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
88.18%Loss allowance to loans
3.37%Loss allowance to noncurrent loans
239.32%Noncurrent assets plus other real estate owned to assets
1.41%Noncurrent loans to loans
1.41%Net loans and leases to deposits
10452.77%Net loans and leases to core deposits
15174.57%Equity capital to assets
13.17%Core capital (leverage) ratio
12.86%Tier 1 risk-based capital ratio
13.38%Total risk-based capital ratio
Memoranda
$16Average assets
$5,873,287Average earning assets
$817,131Average equity
$5,539,337Average loans
Bank Assets Sold and Securitized (December 31, 2001)
Dollar figures in thousands
Principal balance with servicing or other recourse retained
$01-4 family residential loans
$0Home equity lines
$0Credit cards receivables
$0Auto loans
$0Other consumer loans
$213,717Commercial and industrial loans
List of branches
1 North Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
60754
U.S. Bank National Association Nd
4325 17th Avenue, S.W., Fargo, ND 58103
July 31, 1997
Full Service Brick and Mortar
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