FDIC Certificate #: 5150 Status: Active Federal Reserve ID: 975452 Date Established: October 26, 1908 WWW:http://www.gilbertbank.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: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 3450 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: No 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: 2 North Broadway, Gilbert, MN 55741 County: St. Louis 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): Duluth-Superior, MN-WI (#2240) Core Based Statistical Area (CBSA): Duluth, MN-WI (#20260) CBSA Metro Statistical Area: Duluth, MN-WI (#20260)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $26.7 mil Equity capital: $3.6 mil Deposits held in domestic offices: $22.8 mil Return on assets (ROA): 0.28% ($0.1 mil) Quarterly return on assets: -0.02% (-$0.0 mil) Return on Equity (ROE): 2.01% ($0.1 mil) Quarterly return on equity: -0.11% (-$0.0 mil) Net income: $0.1 mil Quarterly Net income: -$0.0 mil Pretax return on assets: 0.20% ($53.5 mil) Quarterly Pretax return on assets: 0.15% ($40.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$26,745Total assets
$9,291Cash and due from depository institutions
$8,232Interest-bearing balances
$5,495Securities
$0Federal funds sold & reverse repurchase agreements
$10,996Net loans & leases
$173Loan loss allowance
$0Trading account assets
$288Bank premises and fixed assets
$11Other real estate owned
$0Goodwill and other intangibles
$26,745Life insurance assets
$664All other assets
$23,158Total liabilities and capital
$22,827Total liabilities
$18,979Total deposits
$22,827Interest-bearing deposits
$94Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$331Subordinated debt
$3,587All other liabilities
$3,587Total equity capital
$3,587Total bank equity capital
$0Perpetual preferred stock
$50Common stock
$50Surplus
$3,487Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$860Income earned, not collected on loans
$0Earning assets
$105Long-term assets (5+ years)
$24,723Average Assets, year-to-date
$4,601Average Assets, quarterly
$25,648Volatile liabilities
$26,652Insider loans
$11,513FHLB advances
$26,932Loans and leases held for sale
$331Unused loan commitments
$331Tier 1 (core) risk-based capital
$3,403Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$155Restructured Loans and leases
$481Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$979Total interest income
$156Total interest expense
$823Net interest income
$2Provision for loan and lease losses
$103Total noninterest income
$0Fiduciary activities
$68Service charges on deposit accounts
$0Trading account gains & fees
$35Additional noninterest income
$901Total noninterest expense
$556Salaries and employee benefits
$59Premises and equipment expense
$286Additional noninterest expense
$23Pre-tax net operating income
$29Securities gains (losses)
-$19Applicable income taxes
$71Income before extraordinary items
$0Extraordinary gains - net
$71Net income attributable to bank
$0Net charge-offs
$71Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$20Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.31%Yield on earning assets
0.69%Cost of funding earning assets
3.62%Net interest margin
0.45%Noninterest income to earning assets
3.96%Noninterest expense to earning assets
0.16%Net operating income to assets
0.28%Return on assets (ROA)
0.20%Pretax return on assets
2.01%Return on equity (ROE)
1.45%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
-200.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
97,300Assets per employee
2.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
28.17%Loss allowance to loans
1.55%Loss allowance to noncurrent loans
20.12%Noncurrent assets plus other real estate owned to assets
3.26%Noncurrent loans to loans
7.70%Net loans and leases to deposits
48.17%Net loans and leases to core deposits
49.47%Equity capital to assets
13.41%Core capital (leverage) ratio
12.64%Tier 1 risk-based capital ratio
29.56%Total risk-based capital ratio
Memoranda
$31Average assets
$25,648Average earning assets
$3,527Average equity
$22,732Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
3450
The First National Bank Of Gilbert
2 North Broadway, Gilbert, MN 55741
October 26, 1908
Full Service Brick and Mortar
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