FDIC Certificate #: 5110 Status: Active Federal Reserve ID: 278751 Bank Holding Company (Regulatory Top Holder): Western Bancorporation, Inc. (RSSDID: 3271267, Location: Duluth, MN) Date Established: July 01, 1902 WWW:http://www.wbcasslake.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 #: 3417 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: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 01, 2010 Last Structure Change Process Date: June 01, 2010 Last Data Update: June 01, 2010 Data Source Date: April 05, 2012
Location
Address: 210 2nd Street Nw, Cass Lake, MN 56633 County: Cass 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 Core Based Statistical Area (CBSA): Brainerd, MN (#14660) CBSA Micro Statistical Area: Yes
History of Changes
Change in Location
Financial Summary
Total assets: $30.9 mil Equity capital: $3.2 mil Deposits held in domestic offices: $26.2 mil Return on assets (ROA): 1.36% ($0.4 mil) Quarterly return on assets: 0.13% ($0.0 mil) Return on Equity (ROE): 14.24% ($0.4 mil) Quarterly return on equity: 1.23% ($0.0 mil) Net income: $0.5 mil Quarterly Net income: $0.0 mil Pretax return on assets: 1.36% ($420.8 mil) Quarterly Pretax return on assets: 0.13% ($40.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$30,938Total assets
$1,162Cash and due from depository institutions
$20Interest-bearing balances
$6,899Securities
$0Federal funds sold & reverse repurchase agreements
$20,902Net loans & leases
$435Loan loss allowance
$0Trading account assets
$839Bank premises and fixed assets
$48Other real estate owned
$393Goodwill and other intangibles
$30,938Life insurance assets
$695All other assets
$27,728Total liabilities and capital
$26,177Total liabilities
$18,137Total deposits
$26,177Interest-bearing deposits
$75Deposits held in domestic offices
1500.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$51Subordinated debt
$3,210All other liabilities
$3,210Total equity capital
$3,210Total bank equity capital
$0Perpetual preferred stock
$70Common stock
$2,412Surplus
$728Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$166Long-term assets (5+ years)
$27,821Average Assets, year-to-date
$13,346Average Assets, quarterly
$33,600Volatile liabilities
$31,599Insider loans
$18,841FHLB advances
$32,020Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,621Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,086Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,800Total interest income
$118Total interest expense
$1,682Net interest income
$81Provision for loan and lease losses
$189Total noninterest income
$0Fiduciary activities
$61Service charges on deposit accounts
$0Trading account gains & fees
$128Additional noninterest income
$1,401Total noninterest expense
$708Salaries and employee benefits
$114Premises and equipment expense
$579Additional noninterest expense
$389Pre-tax net operating income
$67Securities gains (losses)
$0Applicable income taxes
$456Income before extraordinary items
$0Extraordinary gains - net
$456Net income attributable to bank
$0Net charge-offs
$456Cash dividends
$18Sale, conversion, retirement of capital stock, net
$338Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.89%Yield on earning assets
0.39%Cost of funding earning assets
5.51%Net interest margin
0.62%Noninterest income to earning assets
4.59%Noninterest expense to earning assets
1.16%Net operating income to assets
1.36%Return on assets (ROA)
1.36%Pretax return on assets
14.24%Return on equity (ROE)
3.69%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
450.00%Credit loss provision to net charge-offs
26.11%Efficiency ratio
74,452Assets per employee
2.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
74.12%Loss allowance to loans
2.04%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.00%Net loans and leases to deposits
79.85%Net loans and leases to core deposits
89.82%Equity capital to assets
10.38%Core capital (leverage) ratio
8.19%Tier 1 risk-based capital ratio
13.91%Total risk-based capital ratio
Memoranda
$15Average assets
$33,600Average earning assets
$3,202Average equity
$30,538Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
3417
Western National Bank
210 2nd Street Nw, Cass Lake, MN 56633
July 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 Western National Bank.
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: