First Bank Minnesota (National Association) in city_name, state_name

First Bank Minnesota (National Association) in Virginia, Minnesota (MN)
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First Bank Minnesota (National Association) - Overview

General
FDIC Certificate #: 5264
Status: Inactive
Closing history: Corrections
Acquiring institution: First Bank National Association (#5199)
Federal Reserve ID: 804851
Date Established: January 01, 1892
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
FDIC's unique #: 3537
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: October 08, 1993
Last Structure Change Process Date: October 20, 1993
Last Data Update: October 10, 1995
Data Source Date: April 05, 2012
Location
Address: 220-232 First Street South, Virginia, MN 55792
County: St. Louis
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Minneapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Duluth-Superior, MN-WI (#2240)
Core Based Statistical Area (CBSA): Duluth, MN-WI (#20260)
CBSA Metro Statistical Area: Duluth, MN-WI (#20260)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $180.5 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$49Total assets
$195,979Cash and due from depository institutions
$9,866Interest-bearing balances
$0Securities
$20,874Federal funds sold & reverse repurchase agreements
$40,774Net loans & leases
$120,963Loan loss allowance
$935Trading account assets
$0Bank premises and fixed assets
$2,035Other real estate owned
$0Goodwill and other intangibles
$1,467Life insurance assets
$0All other assets
$0Total liabilities and capital
$195,979Total liabilities
$182,595Total deposits
$180,818Interest-bearing deposits
$164,354Deposits held in domestic offices
180818.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,777Total equity capital
$1,777Total bank equity capital
$13,384Perpetual preferred stock
$0Common stock
$3,829Surplus
$4,871Undivided profits
Memoranda
$4,684Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$254Income earned, not collected on loans
$467Earning assets
$182,611Long-term assets (5+ years)
$28,687Average Assets, year-to-date
$193,853Average Assets, quarterly
$193,637Volatile liabilities
$10,923Insider loans
$33FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$178,679Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$13,384Total risk weighted assets
$121,411Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$12,617Total interest expense
$7,031Net interest income
$5,586Provision for loan and lease losses
$321Total noninterest income
$1,378Fiduciary activities
$0Service charges on deposit accounts
$319Trading account gains & fees
$0Additional noninterest income
$1,059Total noninterest expense
$5,419Salaries and employee benefits
$1,543Premises and equipment expense
$534Additional noninterest expense
$3,342Pre-tax net operating income
$1,224Securities gains (losses)
$0Applicable income taxes
$513Income before extraordinary items
$711Extraordinary gains - net
-$9Net income attributable to bank
$702Net charge-offs
$197Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.87%Cost of funding earning assets
3.83%Net interest margin
3.04%Noninterest income to earning assets
0.75%Noninterest expense to earning assets
2.95%Net operating income to assets
0.37%Return on assets (ROA)
0.36%Pretax return on assets
0.63%Return on equity (ROE)
5.47%Retained earnings to average equity (YTD only)
5.47%Net charge-offs to loans
0.23%Credit loss provision to net charge-offs
162.94%Efficiency ratio
77,814Assets per employee
4.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.77%Loss allowance to noncurrent loans
368.11%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.21%Net loans and leases to deposits
66.90%Net loans and leases to core deposits
71.20%Equity capital to assets
6.83%Core capital (leverage) ratio
6.97%Tier 1 risk-based capital ratio
11.02%Total risk-based capital ratio
Memoranda
$12Average assets
$193,853Average earning assets
$12,832Average equity
$183,723Average loans

First Bank Minnesota (National Association) in Virginia, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank Minnesota (National Association) - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First Bank Minnesota (National Association) in Virginia, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank Minnesota (National Association) - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First Bank Minnesota (National Association) in Virginia, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches