American Heritage National Bank in Long Prairie, Minnesota (MN)
| American Heritage National Bank | |
|---|---|
| General | FDIC Certificate #: 8843 Status: Active Federal Reserve ID: 61757 Date Established: September 01, 1881 WWW: http://www.logbank.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: 4 (Domestic: 4, Interstate: No) FDIC's unique #: 5638 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: Commercial Lending 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: 24 2nd Street South, Long Prairie, MN 56347 County: Todd 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 |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $211.6 mil Equity capital: $23.9 mil Deposits held in domestic offices: $186.9 mil Return on assets (ROA): 0.62% ($1.3 mil) Quarterly return on assets: -0.77% (-$1.6 mil) Return on Equity (ROE): 5.36% ($1.3 mil) Quarterly return on equity: -6.68% (-$1.6 mil) Net income: $1.3 mil Quarterly Net income: -$0.4 mil Pretax return on assets: 1.00% ($2,115.5 mil) Quarterly Pretax return on assets: -0.99% (-$2,094.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 47 |
| Total assets | $211,551 |
| Cash and due from depository institutions | $37,509 |
| Interest-bearing balances | $35,584 |
| Securities | $20,808 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $143,668 |
| Loan loss allowance | $3,138 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,671 |
| Other real estate owned | $970 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,925 |
| Life insurance assets | $211,551 |
| Total liabilities and capital | $187,641 |
| Total liabilities | $186,938 |
| Total deposits | $142,666 |
| Interest-bearing deposits | $186,938 |
| Deposits held in domestic offices | $82 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $703 |
| All other liabilities | $23,910 |
| Total equity capital | $23,910 |
| Total bank equity capital | $23,910 |
| Perpetual preferred stock | $0 |
| Common stock | $540 |
| Surplus | $820 |
| Undivided profits | $22,550 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $670 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $562 |
| Average Assets, year-to-date | $200,060 |
| Average Assets, quarterly | $15,981 |
| Volatile liabilities | $205,346 |
| Insider loans | $208,190 |
| FHLB advances | $146,579 |
| Loans and leases held for sale | $212,504 |
| Unused loan commitments | $1,587 |
| Tier 1 (core) risk-based capital | $1,587 |
| Tier 2 risk-based capital | $23,906 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $15,645 |
| Derivatives | $21 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $8,857 |
| Total interest expense | $1,668 |
| Net interest income | $7,189 |
| Provision for loan and lease losses | $550 |
| Total noninterest income | $287 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $580 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$293 |
| Total noninterest expense | $4,881 |
| Salaries and employee benefits | $2,869 |
| Premises and equipment expense | $1,049 |
| Additional noninterest expense | $963 |
| Pre-tax net operating income | $2,045 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $780 |
| Income before extraordinary items | $1,265 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,265 |
| Net charge-offs | $0 |
| Cash dividends | $1,265 |
| Sale, conversion, retirement of capital stock, net | $203 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.63% |
| Cost of funding earning assets | 0.87% |
| Net interest margin | 3.76% |
| Noninterest income to earning assets | 0.15% |
| Noninterest expense to earning assets | 2.55% |
| Net operating income to assets | 0.62% |
| Return on assets (ROA) | 0.62% |
| Pretax return on assets | 1.00% |
| Return on equity (ROE) | 5.36% |
| Retained earnings to average equity (YTD only) | 5.36% |
| Net charge-offs to loans | 0.14% |
| Credit loss provision to net charge-offs | 270.94% |
| Efficiency ratio | 12.78% |
| Assets per employee | $65,289 |
| Cash dividends to net income (YTD only) | 4.50% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.14% |
| Noncurrent assets plus other real estate owned to assets | 468.36% |
| Noncurrent loans to loans | 0.78% |
| Net loans and leases to deposits | 0.46% |
| Net loans and leases to core deposits | 76.85% |
| Equity capital to assets | 81.99% |
| Core capital (leverage) ratio | 11.30% |
| Tier 1 risk-based capital ratio | 11.25% |
| Total risk-based capital ratio | 16.31% |
| Memoranda | |
| Average assets | $18 |
| Average earning assets | $205,346 |
| Average equity | $23,608 |
| Average loans | $191,128 |
| 4 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5638 | American Heritage National Bank | 24 2nd Street South, Long Prairie, MN 56347 | September 01, 1881 | Full Service Brick and Mortar |  |
| 3 | 9458 | Browerville Branch | 502 South Main, Browerville, MN 56438 | January 01, 1890 | Full Service Brick and Mortar |  |
| 4 | 219051 | St. Cloud Branch | 2915 2nd Street South, St. Cloud, MN 56301 | April 07, 1995 | Full Service Brick and Mortar | |
| 5 | 219052 | American Heritage Nb Branch | 525 Highway #10 South, St. Cloud, MN 56304 | November 17, 1999 | Full Service Brick and Mortar | |
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