The First National Bank in Cannon Falls in city_name, state_name

The First National Bank in Cannon Falls in Cannon Falls, Minnesota (MN)
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The First National Bank in Cannon Falls - Overview

General
FDIC Certificate #: 5108
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Merchants Bank, National Association (#8866)
Federal Reserve ID: 110057
Date Established: April 10, 1878
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 #: 13842
FDIC's unique #: 3415
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 20, 2007
Last Structure Change Process Date: September 28, 2007
Last Data Update: September 28, 2007
Data Source Date: April 05, 2012
Location
Address: 300 West Main Street, Cannon Falls, MN 55009
County: Goodhue
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
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): Red Wing, MN (#39860)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $116.7 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, 2006)

Dollar figures in thousands
41Total employees (full-time equivalent)
$122,131Total assets
$4,520Cash and due from depository institutions
$24Interest-bearing balances
$26,186Securities
$3,501Federal funds sold & reverse repurchase agreements
$79,757Net loans & leases
$1,536Loan loss allowance
$0Trading account assets
$4,577Bank premises and fixed assets
$1,213Other real estate owned
$203Goodwill and other intangibles
$0Life insurance assets
$2,174All other assets
$122,131Total liabilities and capital
$111,958Total liabilities
$101,476Total deposits
$92,147Interest-bearing deposits
$101,476Deposits held in domestic offices
0.00%% insured (estimated)
$2,066Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,648Other borrowed funds
$0Subordinated debt
$768All other liabilities
$10,173Total equity capital
$10,173Total bank equity capital
$10,173Perpetual preferred stock
$0Common stock
$630Surplus
$5,025Undivided profits
Memoranda
$4,518Noncurrent loans and leases
$15,534Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,565Earning assets
$0Long-term assets (5+ years)
$1,006Average Assets, year-to-date
$109,468Average Assets, quarterly
$10,821Volatile liabilities
$125,095Insider loans
$121,615FHLB advances
$25,684Loans and leases held for sale
$425Unused loan commitments
$7,600Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$15,534Total unused commitments
$648Restructured Loans and leases
$1,178Derivatives

Income and Expense (December 31, 2006)

Dollar figures in thousands
$8,407Total interest income
$3,415Total interest expense
$4,992Net interest income
$570Provision for loan and lease losses
$845Total noninterest income
$0Fiduciary activities
$452Service charges on deposit accounts
$0Trading account gains & fees
$393Additional noninterest income
$4,555Total noninterest expense
$2,447Salaries and employee benefits
$619Premises and equipment expense
$1,489Additional noninterest expense
$712Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
$710Income before extraordinary items
$0Extraordinary gains - net
$710Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$557Sale, conversion, retirement of capital stock, net
$879Net operating income

Performance and Condition Ratios (December 31, 2006)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.37%Yield on earning assets
2.99%Cost of funding earning assets
4.38%Net interest margin
0.74%Noninterest income to earning assets
3.99%Noninterest expense to earning assets
0.57%Net operating income to assets
0.57%Return on assets (ROA)
0.57%Pretax return on assets
6.95%Return on equity (ROE)
-1.66%Retained earnings to average equity (YTD only)
0.62%Net charge-offs to loans
102.33%Credit loss provision to net charge-offs
2.30%Efficiency ratio
78,037Assets per employee
2.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
123.80%Loss allowance to loans
1.89%Loss allowance to noncurrent loans
59.88%Noncurrent assets plus other real estate owned to assets
3.09%Noncurrent loans to loans
3.16%Net loans and leases to deposits
78.60%Net loans and leases to core deposits
96.83%Equity capital to assets
8.33%Core capital (leverage) ratio
8.43%Tier 1 risk-based capital ratio
11.07%Total risk-based capital ratio
Memoranda
$12Average assets
$125,095Average earning assets
$10,209Average equity
$114,099Average loans

The First National Bank in Cannon Falls in Cannon Falls, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank in Cannon Falls - Overview

Assets and Liabilities (December 31, 2006)

Income and Expense (December 31, 2006)

Performance and Condition Ratios (December 31, 2006)

Comment about this bank, ask questions, or add new information about it:

The First National Bank in Cannon Falls in Cannon Falls, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank in Cannon Falls - Overview

Assets and Liabilities (December 31, 2006)

Income and Expense (December 31, 2006)

Performance and Condition Ratios (December 31, 2006)

Comment about this bank, ask questions, or add new information about it:

The First National Bank in Cannon Falls in Cannon Falls, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches