Centennial National Bank in Walker, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2006

Centennial National Bank in Walker, Minnesota (MN)
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Centennial National Bank - Overview

General
FDIC Certificate #: 34305
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank Forward (#8941)
Federal Reserve ID: 2503185
Date Established: Febuary 10, 1997
WWW: http://www.cnbwalker.com
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 57064
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: Febuary 10, 1997
Last Structure Change Effective Date: April 01, 2006
Last Structure Change Process Date: June 05, 2006
Last Data Update: June 05, 2006
Data Source Date: April 05, 2012
Location
Address: 106 6th Street South, Walker, MN 56484
County: Cass
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
Core Based Statistical Area (CBSA): Brainerd, MN (#14660)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $43.7 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, 2005)

Dollar figures in thousands
22Total employees (full-time equivalent)
$42,767Total assets
$1,384Cash and due from depository institutions
$191Interest-bearing balances
$6,385Securities
$0Federal funds sold & reverse repurchase agreements
$30,810Net loans & leases
$470Loan loss allowance
$0Trading account assets
$2,049Bank premises and fixed assets
$387Other real estate owned
$886Goodwill and other intangibles
$0Life insurance assets
$866All other assets
$42,767Total liabilities and capital
$37,907Total liabilities
$30,873Total deposits
$27,535Interest-bearing deposits
$30,873Deposits held in domestic offices
0.00%% insured (estimated)
$3,225Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,700Other borrowed funds
$0Subordinated debt
$109All other liabilities
$4,860Total equity capital
$4,860Total bank equity capital
$4,860Perpetual preferred stock
$0Common stock
$1,650Surplus
$3,695Undivided profits
Memoranda
$-485Noncurrent loans and leases
$4,061Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$266Earning assets
$0Long-term assets (5+ years)
$240Average Assets, year-to-date
$37,386Average Assets, quarterly
$4,345Volatile liabilities
$41,723Insider loans
$43,215FHLB advances
$10,275Loans and leases held for sale
$450Unused loan commitments
$3,700Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,061Total unused commitments
$0Restructured Loans and leases
$397Derivatives

Income and Expense (December 31, 2005)

Dollar figures in thousands
$1,594Total interest income
$550Total interest expense
$1,044Net interest income
$0Provision for loan and lease losses
$153Total noninterest income
$0Fiduciary activities
$7Service charges on deposit accounts
$0Trading account gains & fees
$146Additional noninterest income
$1,381Total noninterest expense
$615Salaries and employee benefits
$63Premises and equipment expense
$703Additional noninterest expense
-$184Pre-tax net operating income
$0Securities gains (losses)
$224Applicable income taxes
-$408Income before extraordinary items
$0Extraordinary gains - net
-$408Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$199Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2005)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.45%Yield on earning assets
1.54%Cost of funding earning assets
2.91%Net interest margin
0.43%Noninterest income to earning assets
3.85%Noninterest expense to earning assets
-0.98%Net operating income to assets
-0.98%Return on assets (ROA)
-0.44%Pretax return on assets
-8.65%Return on equity (ROE)
-8.65%Retained earnings to average equity (YTD only)
0.68%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-0.92%Efficiency ratio
113,784Assets per employee
1.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
176.69%Noncurrent assets plus other real estate owned to assets
1.53%Noncurrent loans to loans
0.85%Net loans and leases to deposits
99.80%Net loans and leases to core deposits
127.99%Equity capital to assets
11.36%Core capital (leverage) ratio
9.52%Tier 1 risk-based capital ratio
12.81%Total risk-based capital ratio
Memoranda
$14Average assets
$41,723Average earning assets
$4,715Average equity
$35,827Average loans

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