First National Bank in Slayton, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


First National Bank - Overview

  • General
  • FDIC Certificate #: 25894
    Status: Active
    Federal Reserve ID: 944355
    Bank Holding Company (Regulatory Top Holder): Fulda Bancorporation Inc. (RSSDID: 1133567, Location: Britton, SD)
    Date Established: Febuary 15, 1985
    WWW: http://www.firstnationalbanks.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 11 (Domestic: 11, Interstate: No)
    FDIC's unique #: 32141
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: Febuary 15, 1985
    Last Structure Change Effective Date: August 30, 2011
    Last Structure Change Process Date: August 30, 2011
    Last Data Update: August 30, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2457 Broadway Avenue, Slayton, MN 56172
    County: Murray
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $193.5 mil
    Equity capital: $18.0 mil
    Deposits held in domestic offices: $173.7 mil
    Return on assets (ROA): 0.41% ($0.8 mil)
    Quarterly return on assets: 0.44% ($0.9 mil)
    Return on Equity (ROE): 4.40% ($0.8 mil)
    Quarterly return on equity: 4.65% ($0.8 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.62% ($1,199.7 mil)
    Quarterly Pretax return on assets: 0.66% ($1,277.1 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
  • 58Total employees (full-time equivalent)
  • $193,502Total assets
  • $19,643Cash and due from depository institutions
  • $15,275Interest-bearing balances
  • $50,952Securities
  • $1,258Federal funds sold & reverse repurchase agreements
  • $111,038Net loans & leases
  • $3,182Loan loss allowance
  • $0Trading account assets
  • $2,772Bank premises and fixed assets
  • $564Other real estate owned
  • $1,169Goodwill and other intangibles
  • $193,502Life insurance assets
  • $6,106All other assets
  • $175,499Total liabilities and capital
  • $173,670Total liabilities
  • $142,203Total deposits
  • $173,670Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,829Subordinated debt
  • $18,003All other liabilities
  • $18,003Total equity capital
  • $18,003Total bank equity capital
  • $0Perpetual preferred stock
  • $1,371Common stock
  • $8,729Surplus
  • $7,903Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,582Income earned, not collected on loans
  • $0Earning assets
  • $1,323Long-term assets (5+ years)
  • $178,523Average Assets, year-to-date
  • $38,586Average Assets, quarterly
  • $187,427Volatile liabilities
  • $191,127Insider loans
  • $139,480FHLB advances
  • $189,117Loans and leases held for sale
  • $2,809Unused loan commitments
  • $2,809Tier 1 (core) risk-based capital
  • $16,613Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,631Restructured Loans and leases
  • $33Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,680Total interest income
  • $1,316Total interest expense
  • $6,364Net interest income
  • $283Provision for loan and lease losses
  • $793Total noninterest income
  • $0Fiduciary activities
  • $510Service charges on deposit accounts
  • $0Trading account gains & fees
  • $283Additional noninterest income
  • $5,716Total noninterest expense
  • $3,109Salaries and employee benefits
  • $630Premises and equipment expense
  • $1,977Additional noninterest expense
  • $1,158Pre-tax net operating income
  • $0Securities gains (losses)
  • $386Applicable income taxes
  • $772Income before extraordinary items
  • $0Extraordinary gains - net
  • $772Net income attributable to bank
  • $0Net charge-offs
  • $772Cash dividends
  • $4Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.43%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 3.67%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 3.30%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.62%Pretax return on assets
  • 4.40%Return on equity (ROE)
  • 4.40%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 7075.00%Credit loss provision to net charge-offs
  • 360.25%Efficiency ratio
  • 78,301Assets per employee
  • 3.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.79%Loss allowance to noncurrent loans
  • 201.14%Noncurrent assets plus other real estate owned to assets
  • 1.11%Noncurrent loans to loans
  • 1.39%Net loans and leases to deposits
  • 63.94%Net loans and leases to core deposits
  • 64.25%Equity capital to assets
  • 9.30%Core capital (leverage) ratio
  • 8.78%Tier 1 risk-based capital ratio
  • 11.91%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $187,427Average earning assets
  • $17,537Average equity
  • $173,457Average loans

List of branches

  • 11 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    032141First National Bank2457 Broadway Avenue, Slayton, MN 56172Febuary 15, 1985Full Service Brick and Mortar
    33468Lakefield Branch406 Main Street, Lakefield, MN 56150January 01, 1800Full Service Brick and Mortar
    43454Hastings Branch119 West Second Street, Hastings, MN 55033November 07, 1856Full Service Brick and Mortar
    5207266West Branch1440 North Frontage Road, Hastings, MN 55033Febuary 05, 1979Full Service Brick and Mortar
    63472Spring Valley Branch208 North Broadway, Spring Valley, MN 55975January 01, 1904Full Service Brick and Mortar
    73531Le Roy Branch109 West Main Street, Le Roy, MN 55951May 24, 1902Full Service Brick and Mortar
    9359612Maple Lawn Nursing Home Branch400 7th Street, Fulda, MN 56131January 09, 2001Limited Service Mobile
    10245374Plymouth Branch13605 27th Avenue North, Plymouth, MN 55441Febuary 05, 1996Full Service Brick and Mortar
    118433Springfield Branch2 South Marshall Avenue, Springfield, MN 56087December 23, 1891Full Service Brick and Mortar
    1215368Slayton Branch2457 Broadway Avenue, Slayton, MN 56172September 30, 1975Full Service Brick and Mortar
    13510434Fulda Branch109 North St. Paul Avenue, Fulda, MN 56131July 01, 2010Full Service Brick and Mortar

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