FDIC Certificate #: 34122 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank of the North (#17195) Federal Reserve ID: 2359926 Date Established: January 22, 1996 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 #: 14274 FDIC's unique #: 56265 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 22, 1996 Last Structure Change Effective Date: April 06, 2001 Last Structure Change Process Date: April 30, 2001 Last Data Update: April 30, 2001 Data Source Date: April 05, 2012
Location
Address: 406 Poplar Street, Belle Plaine, MN 56011 County: Scott 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 Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial Summary
Total assets: $33.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
11Total employees (full-time equivalent)
$38,949Total assets
$859Cash and due from depository institutions
$16Interest-bearing balances
$5,737Securities
$3,050Federal funds sold & reverse repurchase agreements
$27,753Net loans & leases
$685Loan loss allowance
$0Trading account assets
$1,004Bank premises and fixed assets
$124Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$422All other assets
$38,949Total liabilities and capital
$39,086Total liabilities
$38,826Total deposits
$36,752Interest-bearing deposits
$38,826Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$260All other liabilities
$-137Total equity capital
$-137Total bank equity capital
$-137Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$-137Noncurrent loans and leases
$386Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,016Earning assets
$0Long-term assets (5+ years)
$239Average Assets, year-to-date
$36,556Average Assets, quarterly
$5,056Volatile liabilities
$36,019Insider loans
$39,854FHLB advances
$3,876Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$386Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$3,186Total interest income
$1,825Total interest expense
$1,361Net interest income
$3,472Provision for loan and lease losses
$155Total noninterest income
$0Fiduciary activities
$3Service charges on deposit accounts
$0Trading account gains & fees
$152Additional noninterest income
$1,021Total noninterest expense
$455Salaries and employee benefits
$58Premises and equipment expense
$508Additional noninterest expense
-$2,977Pre-tax net operating income
-$99Securities gains (losses)
$0Applicable income taxes
-$3,076Income before extraordinary items
$0Extraordinary gains - net
-$3,076Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,825Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.50%Yield on earning assets
5.44%Cost of funding earning assets
4.06%Net interest margin
0.46%Noninterest income to earning assets
3.04%Noninterest expense to earning assets
-8.27%Net operating income to assets
-8.54%Return on assets (ROA)
-8.54%Pretax return on assets
-135.94%Return on equity (ROE)
-135.94%Retained earnings to average equity (YTD only)
10.45%Net charge-offs to loans
122.90%Credit loss provision to net charge-offs
0.18%Efficiency ratio
67,348Assets per employee
3.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.41%Loss allowance to noncurrent loans
17.06%Noncurrent assets plus other real estate owned to assets
10.63%Noncurrent loans to loans
14.12%Net loans and leases to deposits
71.48%Net loans and leases to core deposits
79.41%Equity capital to assets
-0.35%Core capital (leverage) ratio
-0.13%Tier 1 risk-based capital ratio
-0.17%Total risk-based capital ratio
Memoranda
-$0Average assets
$36,019Average earning assets
$2,263Average equity
$33,543Average loans
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