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

This bank is inactive as of January 01, 1995

Community First National Bank of Wheaton in Wheaton, Minnesota (MN)
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Community First National Bank of Wheaton - Overview

General
FDIC Certificate #: 15624
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First National Bank (#5184)
Federal Reserve ID: 216557
Date Established: January 01, 1889
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 #: 9743
FDIC's unique #: 9905
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: 1024 Broadway, Wheaton, MN 56296
County: Traverse
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: $20.5 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)
$5Total assets
$20,507Cash and due from depository institutions
$1,197Interest-bearing balances
$401Securities
$5,261Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$13,464Loan loss allowance
$184Trading account assets
$0Bank premises and fixed assets
$175Other real estate owned
$0Goodwill and other intangibles
$410Life insurance assets
$0All other assets
$0Total liabilities and capital
$20,507Total liabilities
$19,084Total deposits
$16,333Interest-bearing deposits
$13,923Deposits held in domestic offices
16333.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$2,115Trading liabilities
$0Other borrowed funds
$500Subordinated debt
$0All other liabilities
$136Total equity capital
$136Total bank equity capital
$1,423Perpetual preferred stock
$0Common stock
$600Surplus
$755Undivided profits
Memoranda
$68Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$67Income earned, not collected on loans
$235Earning assets
$19,126Long-term assets (5+ years)
$2,165Average Assets, year-to-date
$19,989Average Assets, quarterly
$20,334Volatile liabilities
$2,904Insider loans
$398FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,549Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,429Total risk weighted assets
$15,506Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,387Total interest expense
$481Net interest income
$906Provision for loan and lease losses
$51Total noninterest income
$119Fiduciary activities
$0Service charges on deposit accounts
$92Trading account gains & fees
$0Additional noninterest income
$27Total noninterest expense
$618Salaries and employee benefits
$243Premises and equipment expense
$47Additional noninterest expense
$328Pre-tax net operating income
$356Securities gains (losses)
$2Applicable income taxes
$128Income before extraordinary items
$230Extraordinary gains - net
$0Net income attributable to bank
$230Net charge-offs
$19Cash dividends
$297Sale, 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
7.42%Cost of funding earning assets
2.57%Net interest margin
4.85%Noninterest income to earning assets
0.64%Noninterest expense to earning assets
3.31%Net operating income to assets
1.14%Return on assets (ROA)
1.15%Pretax return on assets
1.79%Return on equity (ROE)
15.99%Retained earnings to average equity (YTD only)
-4.66%Net charge-offs to loans
0.15%Credit loss provision to net charge-offs
268.42%Efficiency ratio
60,293Assets per employee
4.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
129.13%Loss allowance to loans
1.35%Loss allowance to noncurrent loans
274.63%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.49%Net loans and leases to deposits
82.43%Net loans and leases to core deposits
83.92%Equity capital to assets
6.94%Core capital (leverage) ratio
7.08%Tier 1 risk-based capital ratio
9.22%Total risk-based capital ratio
Memoranda
$10Average assets
$19,989Average earning assets
$1,439Average equity
$18,684Average loans

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