Northland Community Bank in Northome, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 15, 2005

Northland Community Bank in Northome, Minnesota (MN)
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Northland Community Bank - Overview

General
FDIC Certificate #: 14625
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The First National Bank of Deerwood (#5123)
Federal Reserve ID: 844558
Date Established: January 01, 1903
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 9142
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 15, 2005
Last Structure Change Process Date: August 31, 2005
Last Data Update: August 31, 2005
Data Source Date: April 05, 2012
Location
Address: 12080 Main Street, Northome, MN 56661
County: Koochiching
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
Financial Summary
Total assets: $52.7 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2004)

Dollar figures in thousands
24Total employees (full-time equivalent)
$52,792Total assets
$1,539Cash and due from depository institutions
$70Interest-bearing balances
$2,401Securities
$0Federal funds sold & reverse repurchase agreements
$46,322Net loans & leases
$454Loan loss allowance
$0Trading account assets
$1,979Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$551All other assets
$52,792Total liabilities and capital
$48,474Total liabilities
$47,345Total deposits
$39,658Interest-bearing deposits
$47,345Deposits held in domestic offices
0.00%% insured (estimated)
$1,050Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$79All other liabilities
$4,318Total equity capital
$4,318Total bank equity capital
$4,318Perpetual preferred stock
$0Common stock
$40Surplus
$3,615Undivided profits
Memoranda
$663Noncurrent loans and leases
$3,434Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$34Earning assets
$0Long-term assets (5+ years)
$261Average Assets, year-to-date
$48,793Average Assets, quarterly
$3,351Volatile liabilities
$50,545Insider loans
$52,924FHLB advances
$6,268Loans and leases held for sale
$720Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,434Total unused commitments
$0Restructured Loans and leases
$454Derivatives

Income and Expense (December 31, 2004)

Dollar figures in thousands
$3,341Total interest income
$865Total interest expense
$2,476Net interest income
$62Provision for loan and lease losses
$222Total noninterest income
$0Fiduciary activities
$101Service charges on deposit accounts
$0Trading account gains & fees
$121Additional noninterest income
$1,797Total noninterest expense
$1,195Salaries and employee benefits
$297Premises and equipment expense
$305Additional noninterest expense
$839Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$839Income before extraordinary items
$0Extraordinary gains - net
$839Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$4Sale, conversion, retirement of capital stock, net
$442Net operating income

Performance and Condition Ratios (December 31, 2004)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.34%Yield on earning assets
1.90%Cost of funding earning assets
5.44%Net interest margin
0.49%Noninterest income to earning assets
3.95%Noninterest expense to earning assets
1.66%Net operating income to assets
1.66%Return on assets (ROA)
1.66%Pretax return on assets
21.54%Return on equity (ROE)
10.19%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
-1550.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
66,605Assets per employee
2.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.68%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
1335.29%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.07%Net loans and leases to deposits
97.84%Net loans and leases to core deposits
109.96%Equity capital to assets
8.18%Core capital (leverage) ratio
8.07%Tier 1 risk-based capital ratio
10.30%Total risk-based capital ratio
Memoranda
$11Average assets
$50,545Average earning assets
$3,895Average equity
$45,512Average loans

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