Community First National Bank in Worthington, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1997

  • Community First National Bank in Worthington, Minnesota (MN)
  • Show street view No street view available for this location

Community First National Bank - Overview

  • General
  • FDIC Certificate #: 5281
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First National Bank (#5148)
    Federal Reserve ID: 225858
    Date Established: January 10, 1908
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 10 (Interstate: No)
    OTS Docket #: 11770
    FDIC's unique #: 3549
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 01, 1997
    Last Structure Change Process Date: January 16, 1997
    Last Data Update: January 16, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 1027 Fourth Avenue, Worthington, MN 56187
    County: Nobles
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Worthington, MN (#49380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $340.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $101Total assets
  • $340,022Cash and due from depository institutions
  • $18,097Interest-bearing balances
  • $24Securities
  • $75,651Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $229,334Loan loss allowance
  • $2,817Trading account assets
  • $0Bank premises and fixed assets
  • $2,642Other real estate owned
  • $100Goodwill and other intangibles
  • $11,784Life insurance assets
  • $2,414All other assets
  • $0Total liabilities and capital
  • $340,022Total liabilities
  • $313,882Total deposits
  • $280,973Interest-bearing deposits
  • $245,034Deposits held in domestic offices
  • 280973.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $12,829Trading liabilities
  • $0Other borrowed funds
  • $15,866Subordinated debt
  • $0All other liabilities
  • $4,214Total equity capital
  • $4,214Total bank equity capital
  • $26,140Perpetual preferred stock
  • $0Common stock
  • $5,768Surplus
  • $13,707Undivided profits
  • Memoranda
  • $6,665Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $874Income earned, not collected on loans
  • $2,738Earning assets
  • $305,009Long-term assets (5+ years)
  • $42,397Average Assets, year-to-date
  • $322,730Average Assets, quarterly
  • $336,193Volatile liabilities
  • $54,630Insider loans
  • $264FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $42,143Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $23,529Total risk weighted assets
  • $255,644Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $24,953Total interest expense
  • $11,403Net interest income
  • $13,550Provision for loan and lease losses
  • $451Total noninterest income
  • $2,166Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,174Trading account gains & fees
  • $0Additional noninterest income
  • $992Total noninterest expense
  • $7,880Salaries and employee benefits
  • $3,238Premises and equipment expense
  • $870Additional noninterest expense
  • $3,772Pre-tax net operating income
  • $7,385Securities gains (losses)
  • $27Applicable income taxes
  • $2,723Income before extraordinary items
  • $4,689Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,689Net charge-offs
  • $370Cash dividends
  • $2,278Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.48%Cost of funding earning assets
  • 3.87%Net interest margin
  • 4.60%Noninterest income to earning assets
  • 0.74%Noninterest expense to earning assets
  • 2.68%Net operating income to assets
  • 1.45%Return on assets (ROA)
  • 1.45%Pretax return on assets
  • 2.30%Return on equity (ROE)
  • 19.14%Retained earnings to average equity (YTD only)
  • 9.84%Net charge-offs to loans
  • 0.18%Credit loss provision to net charge-offs
  • 121.89%Efficiency ratio
  • 47,690Assets per employee
  • 3.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.58%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 322.31%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 81.62%Net loans and leases to core deposits
  • 90.23%Equity capital to assets
  • 7.69%Core capital (leverage) ratio
  • 6.30%Tier 1 risk-based capital ratio
  • 9.20%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $322,730Average earning assets
  • $24,495Average equity
  • $294,427Average loans

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