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

This bank is inactive as of December 13, 1996

  • Northern National Bank in Baxter, Minnesota (MN)
  • Show street view No street view available for this location

Northern National Bank - Overview

  • General
  • FDIC Certificate #: 22322
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Norwest Bank North Country, National Association (#34175)
    Federal Reserve ID: 104458
    Date Established: August 17, 1976
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 15531
    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: August 17, 1976
    Last Structure Change Effective Date: December 13, 1996
    Last Structure Change Process Date: January 10, 1997
    Last Data Update: January 10, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 1031 Tank Road North, Baxter, MN 56401
    County: Crow Wing
    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
    Core Based Statistical Area (CBSA): Brainerd, MN (#14660)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $51.9 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)
  • $34Total assets
  • $50,624Cash and due from depository institutions
  • $2,254Interest-bearing balances
  • $0Securities
  • $4,257Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $36,021Loan loss allowance
  • $483Trading account assets
  • $0Bank premises and fixed assets
  • $2,035Other real estate owned
  • $391Goodwill and other intangibles
  • $496Life insurance assets
  • $5,170All other assets
  • $0Total liabilities and capital
  • $50,624Total liabilities
  • $40,663Total deposits
  • $38,574Interest-bearing deposits
  • $32,279Deposits held in domestic offices
  • 38574.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $1,447Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $642Total equity capital
  • $642Total bank equity capital
  • $9,961Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $9,492Undivided profits
  • Memoranda
  • $-31Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $735Income earned, not collected on loans
  • $261Earning assets
  • $40,278Long-term assets (5+ years)
  • $4,217Average Assets, year-to-date
  • $46,988Average Assets, quarterly
  • $50,291Volatile liabilities
  • $5,797Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $328Unused loan commitments
  • $4,119Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,747Total risk weighted assets
  • $37,162Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,745Total interest expense
  • $719Net interest income
  • $1,026Provision for loan and lease losses
  • $124Total noninterest income
  • $168Fiduciary activities
  • $0Service charges on deposit accounts
  • $92Trading account gains & fees
  • $0Additional noninterest income
  • $76Total noninterest expense
  • $1,129Salaries and employee benefits
  • $421Premises and equipment expense
  • $176Additional noninterest expense
  • $532Pre-tax net operating income
  • -$59Securities gains (losses)
  • $0Applicable income taxes
  • $16Income before extraordinary items
  • -$75Extraordinary gains - net
  • $0Net income attributable to bank
  • -$75Net charge-offs
  • $239Cash dividends
  • $0Sale, 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
  • 4.32%Cost of funding earning assets
  • 1.78%Net interest margin
  • 2.54%Noninterest income to earning assets
  • 0.42%Noninterest expense to earning assets
  • 2.79%Net operating income to assets
  • -0.16%Return on assets (ROA)
  • -0.16%Pretax return on assets
  • -0.13%Return on equity (ROE)
  • -1.15%Retained earnings to average equity (YTD only)
  • -1.15%Net charge-offs to loans
  • 0.66%Credit loss provision to net charge-offs
  • 51.88%Efficiency ratio
  • 85,343Assets per employee
  • 1.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 65.71%Noncurrent assets plus other real estate owned to assets
  • 2.22%Noncurrent loans to loans
  • 2.01%Net loans and leases to deposits
  • 93.38%Net loans and leases to core deposits
  • 105.25%Equity capital to assets
  • 19.68%Core capital (leverage) ratio
  • 10.45%Tier 1 risk-based capital ratio
  • 12.77%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $46,988Average earning assets
  • $6,494Average equity
  • $40,399Average loans

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