First Bank Forest Lake, National Association in city_name, state_name

First Bank Forest Lake, National Association in Forest Lake, Minnesota (MN)
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First Bank Forest Lake, National Association - Overview

General
FDIC Certificate #: 23223
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Bank National Association (#5199)
Federal Reserve ID: 71952
Date Established: September 18, 1980
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)
FDIC's unique #: 16276
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: September 18, 1980
Last Structure Change Effective Date: October 08, 1993
Last Structure Change Process Date: October 20, 1993
Last Data Update: October 20, 1993
Data Source Date: April 05, 2012
Location
Address: 320 West Broadway, Forest Lake, MN 55025
County: Washington
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
Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial Summary
Total assets: $30.9 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$14Total assets
$28,419Cash and due from depository institutions
$2,423Interest-bearing balances
$0Securities
$6,397Federal funds sold & reverse repurchase agreements
$3,135Net loans & leases
$15,308Loan loss allowance
$624Trading account assets
$0Bank premises and fixed assets
$893Other real estate owned
$18Goodwill and other intangibles
$245Life insurance assets
$0All other assets
$0Total liabilities and capital
$28,419Total liabilities
$25,940Total deposits
$25,745Interest-bearing deposits
$19,748Deposits held in domestic offices
25745.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$195Total equity capital
$195Total bank equity capital
$2,479Perpetual preferred stock
$0Common stock
$600Surplus
$665Undivided profits
Memoranda
$1,214Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$333Income earned, not collected on loans
$65Earning assets
$24,840Long-term assets (5+ years)
$1,627Average Assets, year-to-date
$28,900Average Assets, quarterly
$28,548Volatile liabilities
$793Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$7,349Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,479Total risk weighted assets
$17,868Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$2,166Total interest expense
$780Net interest income
$1,386Provision for loan and lease losses
$20Total noninterest income
$518Fiduciary activities
$0Service charges on deposit accounts
$388Trading account gains & fees
$0Additional noninterest income
$130Total noninterest expense
$1,574Salaries and employee benefits
$523Premises and equipment expense
$295Additional noninterest expense
$756Pre-tax net operating income
$310Securities gains (losses)
$0Applicable income taxes
$123Income before extraordinary items
$187Extraordinary gains - net
-$25Net income attributable to bank
$162Net charge-offs
$60Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.50%Cost of funding earning assets
3.06%Net interest margin
5.44%Noninterest income to earning assets
2.03%Noninterest expense to earning assets
6.18%Net operating income to assets
0.65%Return on assets (ROA)
0.56%Pretax return on assets
0.99%Return on equity (ROE)
6.82%Retained earnings to average equity (YTD only)
6.82%Net charge-offs to loans
0.38%Credit loss provision to net charge-offs
33.33%Efficiency ratio
82,668Assets per employee
2.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.92%Loss allowance to noncurrent loans
187.39%Noncurrent assets plus other real estate owned to assets
1.24%Noncurrent loans to loans
2.09%Net loans and leases to deposits
59.46%Net loans and leases to core deposits
61.35%Equity capital to assets
8.72%Core capital (leverage) ratio
8.74%Tier 1 risk-based capital ratio
13.87%Total risk-based capital ratio
Memoranda
$15Average assets
$28,900Average earning assets
$2,375Average equity
$25,483Average loans

First Bank Forest Lake, National Association in Forest Lake, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank Forest Lake, National Association - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First Bank Forest Lake, National Association in Forest Lake, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank Forest Lake, National Association - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First Bank Forest Lake, National Association in Forest Lake, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches