The First National Bank of Bagley in city_name, state_name - Detailed Financial Reports, Location

The First National Bank of Bagley in Bagley, Minnesota (MN)
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The First National Bank of Bagley routing number info

The First National Bank of Bagley - Overview

General
FDIC Certificate #: 5087
Status: Active
Federal Reserve ID: 392255
Bank Holding Company (Regulatory Top Holder): First National Agency Of Bagley, Inc. (RSSDID: 1122413, Location: Fosston, MN)
Date Established: June 02, 1903
WWW: http://www.fnbbagley.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 3399
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 31 Central Street East, Bagley, MN 56621
County: Clearwater
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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $79.9 mil
Equity capital: $7.1 mil
Deposits held in domestic offices: $71.9 mil
Return on assets (ROA): 0.62% ($0.5 mil)
Quarterly return on assets: 0.57% ($0.5 mil)
Return on Equity (ROE): 6.50% ($0.5 mil)
Quarterly return on equity: 5.98% ($0.4 mil)
Net income: $0.5 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.62% ($495.4 mil)
Quarterly Pretax return on assets: 0.57% ($455.4 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, 2011)

Dollar figures in thousands
23Total employees (full-time equivalent)
$79,901Total assets
$13,287Cash and due from depository institutions
$6,933Interest-bearing balances
$22,025Securities
$1,000Federal funds sold & reverse repurchase agreements
$38,885Net loans & leases
$452Loan loss allowance
$0Trading account assets
$2,622Bank premises and fixed assets
$334Other real estate owned
$164Goodwill and other intangibles
$79,901Life insurance assets
$1,584All other assets
$72,821Total liabilities and capital
$71,905Total liabilities
$57,506Total deposits
$71,905Interest-bearing deposits
$78Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$916Subordinated debt
$7,080All other liabilities
$7,080Total equity capital
$7,080Total bank equity capital
$0Perpetual preferred stock
$125Common stock
$125Surplus
$6,830Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$323Income earned, not collected on loans
$0Earning assets
$590Long-term assets (5+ years)
$68,843Average Assets, year-to-date
$16,080Average Assets, quarterly
$73,572Volatile liabilities
$76,504Insider loans
$57,410FHLB advances
$76,941Loans and leases held for sale
$446Unused loan commitments
$446Tier 1 (core) risk-based capital
$5,665Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,126Restructured Loans and leases
$830Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,341Total interest income
$583Total interest expense
$2,758Net interest income
$180Provision for loan and lease losses
$464Total noninterest income
$0Fiduciary activities
$290Service charges on deposit accounts
$0Trading account gains & fees
$174Additional noninterest income
$2,584Total noninterest expense
$1,381Salaries and employee benefits
$511Premises and equipment expense
$692Additional noninterest expense
$458Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
$456Income before extraordinary items
$0Extraordinary gains - net
$456Net income attributable to bank
$0Net charge-offs
$456Cash dividends
$161Sale, conversion, retirement of capital stock, net
$450Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.23%Yield on earning assets
0.91%Cost of funding earning assets
4.32%Net interest margin
0.73%Noninterest income to earning assets
4.05%Noninterest expense to earning assets
0.62%Net operating income to assets
0.62%Return on assets (ROA)
0.62%Pretax return on assets
6.50%Return on equity (ROE)
0.09%Retained earnings to average equity (YTD only)
0.42%Net charge-offs to loans
111.80%Credit loss provision to net charge-offs
3.96%Efficiency ratio
80,199Assets per employee
3.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
98.68%Loss allowance to loans
1.15%Loss allowance to noncurrent loans
139.94%Noncurrent assets plus other real estate owned to assets
0.82%Noncurrent loans to loans
0.82%Net loans and leases to deposits
54.08%Net loans and leases to core deposits
56.23%Equity capital to assets
8.86%Core capital (leverage) ratio
7.36%Tier 1 risk-based capital ratio
9.87%Total risk-based capital ratio
Memoranda
$11Average assets
$73,572Average earning assets
$7,019Average equity
$63,842Average loans

List of branches

3 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	3399	The First National Bank Of Bagley	31 Central Street East, Bagley, MN 56621	June 02, 1903	Full Service Brick and Mortar
1	6230	Fosston Branch	124 West First Street, Fosston, MN 56542	January 01, 1908	Full Service Brick and Mortar
2	419035	Wilton Branch	Sw Corner Of U.S. Hwy 2 And County State Aid Hwy 14, Wilton, MN 56601	March 03, 2003	Full Service Brick and Mortar

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

The First National Bank of Bagley - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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

The First National Bank of Bagley - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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