Eagle Bank in Glenwood, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Eagle Bank - Overview

  • General
  • FDIC Certificate #: 8824
    Status: Active
    Federal Reserve ID: 1000959
    Bank Holding Company (Regulatory Top Holder): Eagle Investment Company, Inc. (RSSDID: 2565950, Location: Glenwood, MN)
    Date Established: January 04, 1908
    WWW: http://www.eaglebankmn.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 16146
    FDIC's unique #: 5621
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural 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: 2 South Franklin Street, Glenwood, MN 56334
    County: Pope
    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: $113.2 mil
    Equity capital: $15.9 mil
    Deposits held in domestic offices: $97.0 mil
    Return on assets (ROA): 1.41% ($1.6 mil)
    Quarterly return on assets: 1.42% ($1.6 mil)
    Return on Equity (ROE): 9.55% ($1.5 mil)
    Quarterly return on equity: 9.81% ($1.6 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.41% ($1,596.7 mil)
    Quarterly Pretax return on assets: 1.42% ($1,608.0 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
  • 29Total employees (full-time equivalent)
  • $113,242Total assets
  • $25,075Cash and due from depository institutions
  • $21,630Interest-bearing balances
  • $7,276Securities
  • $390Federal funds sold & reverse repurchase agreements
  • $75,317Net loans & leases
  • $1,576Loan loss allowance
  • $0Trading account assets
  • $1,092Bank premises and fixed assets
  • $585Other real estate owned
  • $314Goodwill and other intangibles
  • $113,242Life insurance assets
  • $3,193All other assets
  • $97,390Total liabilities and capital
  • $97,024Total liabilities
  • $79,769Total deposits
  • $97,024Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $366Subordinated debt
  • $15,852All other liabilities
  • $15,852Total equity capital
  • $15,852Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $9,950Surplus
  • $5,852Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $227Income earned, not collected on loans
  • $0Earning assets
  • $741Long-term assets (5+ years)
  • $104,613Average Assets, year-to-date
  • $6,865Average Assets, quarterly
  • $104,403Volatile liabilities
  • $108,902Insider loans
  • $73,160FHLB advances
  • $109,603Loans and leases held for sale
  • $1,878Unused loan commitments
  • $1,878Tier 1 (core) risk-based capital
  • $15,434Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,238Restructured Loans and leases
  • $1,435Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,620Total interest income
  • $491Total interest expense
  • $4,129Net interest income
  • $240Provision for loan and lease losses
  • $684Total noninterest income
  • $0Fiduciary activities
  • $236Service charges on deposit accounts
  • $0Trading account gains & fees
  • $448Additional noninterest income
  • $3,101Total noninterest expense
  • $1,975Salaries and employee benefits
  • $447Premises and equipment expense
  • $679Additional noninterest expense
  • $1,472Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,472Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,472Net income attributable to bank
  • $0Net charge-offs
  • $1,472Cash dividends
  • $15Sale, conversion, retirement of capital stock, net
  • $815Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 0.50%Cost of funding earning assets
  • 4.25%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 3.19%Noninterest expense to earning assets
  • 1.41%Net operating income to assets
  • 1.41%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 9.55%Return on equity (ROE)
  • 4.26%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 1600.00%Credit loss provision to net charge-offs
  • 114.13%Efficiency ratio
  • 64,430Assets per employee
  • 3.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 55.37%Loss allowance to loans
  • 2.05%Loss allowance to noncurrent loans
  • 694.27%Noncurrent assets plus other real estate owned to assets
  • 0.72%Noncurrent loans to loans
  • 0.30%Net loans and leases to deposits
  • 77.63%Net loans and leases to core deposits
  • 78.32%Equity capital to assets
  • 14.00%Core capital (leverage) ratio
  • 14.08%Tier 1 risk-based capital ratio
  • 21.10%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $104,403Average earning assets
  • $15,414Average equity
  • $97,260Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05621Eagle Bank2 South Franklin Street, Glenwood, MN 56334January 04, 1908Full Service Brick and Mortar
    1219044Villard Branch541 Washington Avenue, Villard, MN 56385December 08, 1980Limited Service Facility
    26223Elbow Lake Branch18 Central Avenue North, Elbow Lake, MN 56531January 01, 1887Full Service Brick and Mortar
    311159Wendell BranchMain Street, Wendell, MN 56590July 30, 1945Full Service Brick and Mortar

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