FDIC Certificate #: 10966 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Woodlands National Bank (#1417) Federal Reserve ID: 876559 Date Established: August 03, 1907 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 12386 FDIC's unique #: 7021 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: November 01, 1999 Last Structure Change Process Date: November 19, 1999 Last Data Update: November 19, 1999 Data Source Date: April 05, 2012
Location
Address: Main Street, Onamia, MN 56359 County: Mille Lacs 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
Financial Summary
Total assets: $33.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
16Total employees (full-time equivalent)
$26,336Total assets
$1,439Cash and due from depository institutions
$11Interest-bearing balances
$8,975Securities
$3,000Federal funds sold & reverse repurchase agreements
$11,098Net loans & leases
$469Loan loss allowance
$0Trading account assets
$602Bank premises and fixed assets
$73Other real estate owned
$825Goodwill and other intangibles
$0Life insurance assets
$324All other assets
$26,336Total liabilities and capital
$22,096Total liabilities
$21,912Total deposits
$15,280Interest-bearing deposits
$21,912Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$184All other liabilities
$4,240Total equity capital
$4,240Total bank equity capital
$4,240Perpetual preferred stock
$0Common stock
$50Surplus
$3,336Undivided profits
Memoranda
$854Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$144Earning assets
$0Long-term assets (5+ years)
$78Average Assets, year-to-date
$23,084Average Assets, quarterly
$3,321Volatile liabilities
$25,114Insider loans
$25,641FHLB advances
$1,142Loans and leases held for sale
$81Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$787Total unused commitments
$0Restructured Loans and leases
$12,976Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$1,740Total interest income
$529Total interest expense
$1,211Net interest income
$50Provision for loan and lease losses
$1,037Total noninterest income
$0Fiduciary activities
$130Service charges on deposit accounts
$0Trading account gains & fees
$907Additional noninterest income
$1,369Total noninterest expense
$574Salaries and employee benefits
$230Premises and equipment expense
$565Additional noninterest expense
$829Pre-tax net operating income
$3Securities gains (losses)
$316Applicable income taxes
$516Income before extraordinary items
$0Extraordinary gains - net
$516Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$89Sale, conversion, retirement of capital stock, net
$210Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.06%Yield on earning assets
2.45%Cost of funding earning assets
5.61%Net interest margin
4.80%Noninterest income to earning assets
6.34%Noninterest expense to earning assets
2.05%Net operating income to assets
2.05%Return on assets (ROA)
3.31%Pretax return on assets
12.70%Return on equity (ROE)
7.53%Retained earnings to average equity (YTD only)
0.83%Net charge-offs to loans
56.18%Credit loss provision to net charge-offs
9.88%Efficiency ratio
57,918Assets per employee
1.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.70%Loss allowance to loans
4.05%Loss allowance to noncurrent loans
325.69%Noncurrent assets plus other real estate owned to assets
0.82%Noncurrent loans to loans
1.24%Net loans and leases to deposits
50.65%Net loans and leases to core deposits
53.43%Equity capital to assets
16.10%Core capital (leverage) ratio
13.24%Tier 1 risk-based capital ratio
25.86%Total risk-based capital ratio
Memoranda
$27Average assets
$25,114Average earning assets
$4,061Average equity
$21,584Average loans
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