FDIC Certificate #: 5221 Status: Active Federal Reserve ID: 726458 Bank Holding Company (Regulatory Top Holder): Osakis Bancshares (RSSDID: 1124967, Location: Osakis, MN) Date Established: June 08, 1903 WWW:http://www.fnbosakis.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) OTS Docket #: 12598 FDIC's unique #: 3507 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization 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: 211-213 Central Avenue, Osakis, MN 56360 County: Douglas Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Alexandria, MN (#10820) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $62.2 mil Equity capital: $7.9 mil Deposits held in domestic offices: $54.1 mil Return on assets (ROA): 1.69% ($1.0 mil) Quarterly return on assets: 1.80% ($1.1 mil) Return on Equity (ROE): 13.66% ($1.1 mil) Quarterly return on equity: 14.30% ($1.1 mil) Net income: $1.0 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.69% ($1,051.9 mil) Quarterly Pretax return on assets: 1.80% ($1,120.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$62,244Total assets
$2,596Cash and due from depository institutions
$1,250Interest-bearing balances
$22,913Securities
$0Federal funds sold & reverse repurchase agreements
$34,654Net loans & leases
$550Loan loss allowance
$0Trading account assets
$495Bank premises and fixed assets
$112Other real estate owned
$0Goodwill and other intangibles
$62,244Life insurance assets
$1,474All other assets
$54,369Total liabilities and capital
$54,138Total liabilities
$46,836Total deposits
$54,138Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$231Subordinated debt
$7,875All other liabilities
$7,875Total equity capital
$7,875Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$2,000Surplus
$5,375Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,798Income earned, not collected on loans
$0Earning assets
$464Long-term assets (5+ years)
$58,817Average Assets, year-to-date
$17,012Average Assets, quarterly
$60,810Volatile liabilities
$61,923Insider loans
$35,654FHLB advances
$62,307Loans and leases held for sale
$635Unused loan commitments
$635Tier 1 (core) risk-based capital
$7,278Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,702Restructured Loans and leases
$1,045Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,970Total interest income
$624Total interest expense
$2,346Net interest income
$171Provision for loan and lease losses
$251Total noninterest income
$0Fiduciary activities
$160Service charges on deposit accounts
$0Trading account gains & fees
$91Additional noninterest income
$1,397Total noninterest expense
$678Salaries and employee benefits
$144Premises and equipment expense
$575Additional noninterest expense
$1,029Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,029Income before extraordinary items
$0Extraordinary gains - net
$1,029Net income attributable to bank
$0Net charge-offs
$1,029Cash dividends
$471Sale, conversion, retirement of capital stock, net
$838Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.24%Yield on earning assets
1.10%Cost of funding earning assets
4.14%Net interest margin
0.44%Noninterest income to earning assets
2.46%Noninterest expense to earning assets
1.69%Net operating income to assets
1.69%Return on assets (ROA)
1.69%Pretax return on assets
13.66%Return on equity (ROE)
2.54%Retained earnings to average equity (YTD only)
1.30%Net charge-offs to loans
36.31%Credit loss provision to net charge-offs
2.55%Efficiency ratio
53,793Assets per employee
5.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
81.44%Loss allowance to loans
1.56%Loss allowance to noncurrent loans
30.59%Noncurrent assets plus other real estate owned to assets
3.07%Noncurrent loans to loans
5.11%Net loans and leases to deposits
64.01%Net loans and leases to core deposits
65.01%Equity capital to assets
12.65%Core capital (leverage) ratio
11.68%Tier 1 risk-based capital ratio
20.41%Total risk-based capital ratio
Memoranda
$22Average assets
$60,810Average earning assets
$7,531Average equity
$56,674Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
3507
The First National Bank Of Osakis
211-213 Central Avenue, Osakis, MN 56360
June 08, 1903
Full Service Brick and Mortar
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