Northern National Bank in Pelican Rapids, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 15, 1996

Northern National Bank in Pelican Rapids, Minnesota (MN)
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Northern National Bank - Overview

General
FDIC Certificate #: 11412
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Norwest Bank North Country, National Association (#34175)
Federal Reserve ID: 785352
Date Established: January 01, 1882
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)
OTS Docket #: 10467
FDIC's unique #: 7286
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: November 15, 1996
Last Structure Change Process Date: January 10, 1997
Last Data Update: January 10, 1997
Data Source Date: April 05, 2012
Location
Address: 11 South Broadway, Pelican Rapids, MN 56572
County: Otter Tail
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
Core Based Statistical Area (CBSA): Fergus Falls, MN (#22260)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $64.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$32Total assets
$64,695Cash and due from depository institutions
$2,969Interest-bearing balances
$0Securities
$17,567Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$42,869Loan loss allowance
$572Trading account assets
$0Bank premises and fixed assets
$680Other real estate owned
$10Goodwill and other intangibles
$600Life insurance assets
$0All other assets
$0Total liabilities and capital
$64,695Total liabilities
$59,518Total deposits
$53,956Interest-bearing deposits
$48,722Deposits held in domestic offices
53956.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$3,501Trading liabilities
$0Other borrowed funds
$1,635Subordinated debt
$0All other liabilities
$426Total equity capital
$426Total bank equity capital
$5,177Perpetual preferred stock
$0Common stock
$100Surplus
$3,400Undivided profits
Memoranda
$1,677Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$495Income earned, not collected on loans
$305Earning assets
$60,436Long-term assets (5+ years)
$8,334Average Assets, year-to-date
$64,318Average Assets, quarterly
$65,046Volatile liabilities
$8,219Insider loans
$725FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,609Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,088Total risk weighted assets
$41,729Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$5,267Total interest expense
$2,322Net interest income
$2,945Provision for loan and lease losses
$0Total noninterest income
$405Fiduciary activities
$0Service charges on deposit accounts
$203Trading account gains & fees
$0Additional noninterest income
$202Total noninterest expense
$1,778Salaries and employee benefits
$1,046Premises and equipment expense
$232Additional noninterest expense
$500Pre-tax net operating income
$1,572Securities gains (losses)
$5Applicable income taxes
$532Income before extraordinary items
$1,045Extraordinary gains - net
$0Net income attributable to bank
$1,045Net charge-offs
$15Cash dividends
$1,986Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.79%Cost of funding earning assets
3.88%Net interest margin
4.92%Noninterest income to earning assets
0.68%Noninterest expense to earning assets
2.97%Net operating income to assets
1.62%Return on assets (ROA)
1.62%Pretax return on assets
2.45%Return on equity (ROE)
19.48%Retained earnings to average equity (YTD only)
-17.54%Net charge-offs to loans
0.04%Credit loss provision to net charge-offs
0.00%Efficiency ratio
53,075Assets per employee
2.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
190.05%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
115.56%Noncurrent assets plus other real estate owned to assets
0.78%Noncurrent loans to loans
1.14%Net loans and leases to deposits
79.45%Net loans and leases to core deposits
85.10%Equity capital to assets
8.00%Core capital (leverage) ratio
7.80%Tier 1 risk-based capital ratio
12.19%Total risk-based capital ratio
Memoranda
$13Average assets
$64,318Average earning assets
$5,364Average equity
$59,917Average loans

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