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

This bank is inactive as of April 19, 1996

The First National Bank of Baudette in Baudette, Minnesota (MN)
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The First National Bank of Baudette - Overview

General
FDIC Certificate #: 5091
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Norwest Bank International Falls, National Association (#5168)
Federal Reserve ID: 363255
Date Established: January 01, 1906
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
OTS Docket #: 11887
FDIC's unique #: 3402
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 01, 1934
Last Structure Change Effective Date: April 19, 1996
Last Structure Change Process Date: April 25, 1996
Last Data Update: April 25, 1996
Data Source Date: April 05, 2012
Location
Address: 201 North Main Street, Baudette, MN 56623
County: Lake Of The Woods
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: $42.6 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)
$21Total assets
$43,053Cash and due from depository institutions
$2,976Interest-bearing balances
$795Securities
$16,345Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$22,840Loan loss allowance
$334Trading account assets
$0Bank premises and fixed assets
$235Other real estate owned
$13Goodwill and other intangibles
$518Life insurance assets
$126All other assets
$0Total liabilities and capital
$43,053Total liabilities
$39,076Total deposits
$36,440Interest-bearing deposits
$32,634Deposits held in domestic offices
36440.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$2,259Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$377Total equity capital
$377Total bank equity capital
$3,977Perpetual preferred stock
$0Common stock
$200Surplus
$2,929Undivided profits
Memoranda
$848Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$236Income earned, not collected on loans
$320Earning assets
$39,980Long-term assets (5+ years)
$13,645Average Assets, year-to-date
$41,860Average Assets, quarterly
$42,212Volatile liabilities
$5,539Insider loans
$528FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,738Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,821Total risk weighted assets
$24,128Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,110Total interest expense
$1,468Net interest income
$1,642Provision for loan and lease losses
$0Total noninterest income
$345Fiduciary activities
$0Service charges on deposit accounts
$162Trading account gains & fees
$0Additional noninterest income
$183Total noninterest expense
$1,214Salaries and employee benefits
$700Premises and equipment expense
$45Additional noninterest expense
$469Pre-tax net operating income
$773Securities gains (losses)
-$10Applicable income taxes
$265Income before extraordinary items
$498Extraordinary gains - net
$0Net income attributable to bank
$498Net charge-offs
-$6Cash dividends
$100Sale, 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
7.93%Cost of funding earning assets
3.74%Net interest margin
4.19%Noninterest income to earning assets
0.88%Noninterest expense to earning assets
3.10%Net operating income to assets
1.21%Return on assets (ROA)
1.19%Pretax return on assets
1.82%Return on equity (ROE)
11.28%Retained earnings to average equity (YTD only)
9.02%Net charge-offs to loans
-0.03%Credit loss provision to net charge-offs
0.00%Efficiency ratio
60,242Assets per employee
2.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
20.08%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
141.53%Noncurrent assets plus other real estate owned to assets
0.58%Noncurrent loans to loans
1.02%Net loans and leases to deposits
62.68%Net loans and leases to core deposits
68.88%Equity capital to assets
9.24%Core capital (leverage) ratio
8.97%Tier 1 risk-based capital ratio
15.84%Total risk-based capital ratio
Memoranda
$17Average assets
$41,860Average earning assets
$4,413Average equity
$39,206Average loans

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