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

This bank is inactive as of October 25, 1996

Northern National Bank in Bemidji, Minnesota (MN)
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Northern National Bank - Overview

General
FDIC Certificate #: 13811
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Norwest Bank North Country, National Association (#34175)
Federal Reserve ID: 394754
Date Established: January 01, 1906
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
OTS Docket #: 11831
FDIC's unique #: 8634
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 31, 1934
Last Structure Change Effective Date: October 25, 1996
Last Structure Change Process Date: January 10, 1997
Last Data Update: January 10, 1997
Data Source Date: April 05, 2012
Location
Address: 201 Third Street, Bemidji, MN 56601
County: Beltrami
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Forks
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Bemidji, MN (#13420)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $180.3 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)
$59Total assets
$138,539Cash and due from depository institutions
$4,372Interest-bearing balances
$99Securities
$39,006Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$92,033Loan loss allowance
$1,018Trading account assets
$0Bank premises and fixed assets
$1,815Other real estate owned
$142Goodwill and other intangibles
$1,158Life insurance assets
$13All other assets
$0Total liabilities and capital
$138,539Total liabilities
$127,241Total deposits
$111,264Interest-bearing deposits
$97,389Deposits held in domestic offices
111264.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$13,313Trading liabilities
$0Other borrowed funds
$1,667Subordinated debt
$0All other liabilities
$997Total equity capital
$997Total bank equity capital
$11,298Perpetual preferred stock
$0Common stock
$200Surplus
$2,393Undivided profits
Memoranda
$8,705Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$564Income earned, not collected on loans
$575Earning assets
$131,138Long-term assets (5+ years)
$23,579Average Assets, year-to-date
$129,387Average Assets, quarterly
$137,169Volatile liabilities
$19,715Insider loans
$3,828FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$10,384Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,975Total risk weighted assets
$90,244Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$10,596Total interest expense
$4,988Net interest income
$5,608Provision for loan and lease losses
$60Total noninterest income
$739Fiduciary activities
$0Service charges on deposit accounts
$465Trading account gains & fees
$18Additional noninterest income
$256Total noninterest expense
$3,432Salaries and employee benefits
$1,792Premises and equipment expense
$479Additional noninterest expense
$1,161Pre-tax net operating income
$2,855Securities gains (losses)
-$16Applicable income taxes
$992Income before extraordinary items
$1,847Extraordinary gains - net
$0Net income attributable to bank
$1,847Net charge-offs
$26Cash dividends
$1,165Sale, 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
8.68%Cost of funding earning assets
4.09%Net interest margin
4.59%Noninterest income to earning assets
0.61%Noninterest expense to earning assets
2.81%Net operating income to assets
1.44%Return on assets (ROA)
1.43%Pretax return on assets
2.19%Return on equity (ROE)
17.75%Retained earnings to average equity (YTD only)
6.56%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
230.77%Efficiency ratio
53,868Assets per employee
2.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
63.08%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
180.50%Noncurrent assets plus other real estate owned to assets
0.51%Noncurrent loans to loans
0.61%Net loans and leases to deposits
82.72%Net loans and leases to core deposits
87.63%Equity capital to assets
8.16%Core capital (leverage) ratio
8.01%Tier 1 risk-based capital ratio
12.16%Total risk-based capital ratio
Memoranda
$13Average assets
$129,387Average earning assets
$10,403Average equity
$122,048Average loans

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