FDIC Certificate #: 57600 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank of the North (#17195) Federal Reserve ID: 2910206 Date Established: July 21, 2003 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) FDIC's unique #: 366301 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: July 21, 2003 Last Structure Change Effective Date: July 24, 2004 Last Structure Change Process Date: September 07, 2004 Last Data Update: September 07, 2004 Data Source Date: April 05, 2012
Location
Address: 402 Old Highway 61, Hinckley, MN 55037 County: Pine 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
Financial Summary
Total assets: $6.9 mil
Assets and Liabilities (December 31, 2003)
Dollar figures in thousands
3Total employees (full-time equivalent)
$5,928Total assets
$485Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$5,249Net loans & leases
$53Loan loss allowance
$0Trading account assets
$27Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$167All other assets
$5,928Total liabilities and capital
$1,944Total liabilities
$1,943Total deposits
$1,300Interest-bearing deposits
$1,943Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1All other liabilities
$3,984Total equity capital
$3,984Total bank equity capital
$3,984Perpetual preferred stock
$0Common stock
$2,000Surplus
$2,000Undivided profits
Memoranda
$-16Noncurrent loans and leases
$915Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$35Average Assets, year-to-date
$5,249Average Assets, quarterly
$532Volatile liabilities
$5,278Insider loans
$5,278FHLB advances
$204Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$915Total unused commitments
$0Restructured Loans and leases
$53Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$150Total interest income
$5Total interest expense
$145Net interest income
$53Provision for loan and lease losses
$3Total noninterest income
$0Fiduciary activities
$1Service charges on deposit accounts
$0Trading account gains & fees
$2Additional noninterest income
$111Total noninterest expense
$72Salaries and employee benefits
$5Premises and equipment expense
$34Additional noninterest expense
-$16Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$16Income before extraordinary items
$0Extraordinary gains - net
-$16Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.17%Yield on earning assets
0.11%Cost of funding earning assets
3.06%Net interest margin
0.06%Noninterest income to earning assets
2.34%Noninterest expense to earning assets
-0.30%Net operating income to assets
-0.30%Return on assets (ROA)
-0.30%Pretax return on assets
-0.40%Return on equity (ROE)
-0.40%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
75,000Assets per employee
1.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
270.15%Net loans and leases to core deposits
301.84%Equity capital to assets
67.21%Core capital (leverage) ratio
78.41%Tier 1 risk-based capital ratio
83.36%Total risk-based capital ratio
Memoranda
$84Average assets
$5,278Average earning assets
$3,975Average equity
$4,735Average loans
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