FDIC Certificate #: 12920 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Northwestern Bank, National Association (#9746) Federal Reserve ID: 949051 Date Established: May 25, 1925 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 8177 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: August 16, 2002 Last Structure Change Process Date: September 05, 2002 Last Data Update: September 05, 2002 Data Source Date: April 05, 2012
Location
Address: 300 Main Street, Hendrum, MN 56560 County: Norman 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: $22.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
14Total employees (full-time equivalent)
$23,399Total assets
$2,433Cash and due from depository institutions
$887Interest-bearing balances
$3,986Securities
$3,650Federal funds sold & reverse repurchase agreements
$12,279Net loans & leases
$189Loan loss allowance
$0Trading account assets
$759Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$292All other assets
$23,399Total liabilities and capital
$21,383Total liabilities
$21,172Total deposits
$18,513Interest-bearing deposits
$21,172Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$211All other liabilities
$2,016Total equity capital
$2,016Total bank equity capital
$2,016Perpetual preferred stock
$0Common stock
$50Surplus
$1,800Undivided profits
Memoranda
$166Noncurrent loans and leases
$1,805Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$99Earning assets
$0Long-term assets (5+ years)
$253Average Assets, year-to-date
$20,802Average Assets, quarterly
$1,728Volatile liabilities
$22,394Insider loans
$22,721FHLB advances
$1,066Loans and leases held for sale
$241Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,805Total unused commitments
$0Restructured Loans and leases
$170Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$1,512Total interest income
$717Total interest expense
$795Net interest income
$0Provision for loan and lease losses
$221Total noninterest income
$0Fiduciary activities
$192Service charges on deposit accounts
$0Trading account gains & fees
$29Additional noninterest income
$1,026Total noninterest expense
$457Salaries and employee benefits
$328Premises and equipment expense
$241Additional noninterest expense
-$10Pre-tax net operating income
$0Securities gains (losses)
$96Applicable income taxes
-$106Income before extraordinary items
$0Extraordinary gains - net
-$106Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$35Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.58%Yield on earning assets
3.60%Cost of funding earning assets
3.99%Net interest margin
1.11%Noninterest income to earning assets
5.14%Noninterest expense to earning assets
-0.47%Net operating income to assets
-0.47%Return on assets (ROA)
-0.04%Pretax return on assets
-5.21%Return on equity (ROE)
-5.21%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-0.29%Efficiency ratio
100,984Assets per employee
1.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.52%Loss allowance to noncurrent loans
190.91%Noncurrent assets plus other real estate owned to assets
0.42%Noncurrent loans to loans
0.79%Net loans and leases to deposits
58.00%Net loans and leases to core deposits
61.07%Equity capital to assets
8.62%Core capital (leverage) ratio
8.76%Tier 1 risk-based capital ratio
14.70%Total risk-based capital ratio
Memoranda
$16Average assets
$22,394Average earning assets
$2,033Average equity
$19,944Average loans
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