FDIC Certificate #: 5232 Status: Active Federal Reserve ID: 731957 Date Established: January 01, 1902 WWW:http://www.proctorbank.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 #: 3515 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: 211 2nd Street, Proctor, MN 55810 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: $24.8 mil Equity capital: $2.4 mil Deposits held in domestic offices: $22.4 mil Return on assets (ROA): 0.15% ($0.0 mil) Quarterly return on assets: -0.37% (-$0.1 mil) Return on Equity (ROE): 1.58% ($0.0 mil) Quarterly return on equity: -3.87% (-$0.1 mil) Net income: $0.0 mil Quarterly Net income: -$0.0 mil Pretax return on assets: 0.14% ($34.7 mil) Quarterly Pretax return on assets: -0.58% (-$143.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$24,816Total assets
$6,942Cash and due from depository institutions
$6,652Interest-bearing balances
$4,065Securities
$475Federal funds sold & reverse repurchase agreements
$12,898Net loans & leases
$119Loan loss allowance
$0Trading account assets
$89Bank premises and fixed assets
$140Other real estate owned
$0Goodwill and other intangibles
$24,816Life insurance assets
$207All other assets
$22,451Total liabilities and capital
$22,350Total liabilities
$15,587Total deposits
$22,350Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$101Subordinated debt
$2,365All other liabilities
$2,365Total equity capital
$2,365Total bank equity capital
$0Perpetual preferred stock
$56Common stock
$100Surplus
$2,209Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$744Income earned, not collected on loans
$0Earning assets
$91Long-term assets (5+ years)
$24,090Average Assets, year-to-date
$3,683Average Assets, quarterly
$24,841Volatile liabilities
$25,003Insider loans
$11,867FHLB advances
$21,727Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,276Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$706Restructured Loans and leases
$270Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,055Total interest income
$185Total interest expense
$870Net interest income
$11Provision for loan and lease losses
$73Total noninterest income
$0Fiduciary activities
$51Service charges on deposit accounts
$0Trading account gains & fees
$22Additional noninterest income
$897Total noninterest expense
$520Salaries and employee benefits
$158Premises and equipment expense
$219Additional noninterest expense
$35Pre-tax net operating income
$0Securities gains (losses)
-$2Applicable income taxes
$37Income before extraordinary items
$0Extraordinary gains - net
$37Net income attributable to bank
$0Net charge-offs
$37Cash dividends
$1Sale, conversion, retirement of capital stock, net
$34Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.38%Yield on earning assets
0.77%Cost of funding earning assets
3.61%Net interest margin
0.30%Noninterest income to earning assets
3.73%Noninterest expense to earning assets
0.15%Net operating income to assets
0.15%Return on assets (ROA)
0.14%Pretax return on assets
1.58%Return on equity (ROE)
0.13%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
1100.00%Credit loss provision to net charge-offs
46.00%Efficiency ratio
95,122Assets per employee
2.76%Cash dividends to net income (YTD only)
Condition Ratios (%)
91.89%Loss allowance to loans
0.91%Loss allowance to noncurrent loans
15.99%Noncurrent assets plus other real estate owned to assets
3.56%Noncurrent loans to loans
5.72%Net loans and leases to deposits
57.71%Net loans and leases to core deposits
57.71%Equity capital to assets
9.53%Core capital (leverage) ratio
10.48%Tier 1 risk-based capital ratio
19.18%Total risk-based capital ratio
Memoranda
$20Average assets
$24,841Average earning assets
$2,344Average equity
$24,068Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
3515
The First National Bank Of Proctor
211 2nd Street, Proctor, MN 55810
January 01, 1902
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The First National Bank of Proctor.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: