First National Bank in Slayton, Minnesota (MN)
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| First National Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 58 |
| Total assets | $193,502 |
| Cash and due from depository institutions | $19,643 |
| Interest-bearing balances | $15,275 |
| Securities | $50,952 |
| Federal funds sold & reverse repurchase agreements | $1,258 |
| Net loans & leases | $111,038 |
| Loan loss allowance | $3,182 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,772 |
| Other real estate owned | $564 |
| Goodwill and other intangibles | $1,169 |
| All other assets | $6,106 |
| Life insurance assets | $193,502 |
| Total liabilities and capital | $175,499 |
| Total liabilities | $173,670 |
| Total deposits | $142,203 |
| Interest-bearing deposits | $173,670 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,829 |
| All other liabilities | $18,003 |
| Total equity capital | $18,003 |
| Total bank equity capital | $18,003 |
| Perpetual preferred stock | $0 |
| Common stock | $1,371 |
| Surplus | $8,729 |
| Undivided profits | $7,903 |
| 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 | $1,582 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,323 |
| Average Assets, year-to-date | $178,523 |
| Average Assets, quarterly | $38,586 |
| Volatile liabilities | $187,427 |
| Insider loans | $191,127 |
| FHLB advances | $139,480 |
| Loans and leases held for sale | $189,117 |
| Unused loan commitments | $2,809 |
| Tier 1 (core) risk-based capital | $2,809 |
| Tier 2 risk-based capital | $16,613 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $24,631 |
| Derivatives | $33 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $7,680 |
| Total interest expense | $1,316 |
| Net interest income | $6,364 |
| Provision for loan and lease losses | $283 |
| Total noninterest income | $793 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $510 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $283 |
| Total noninterest expense | $5,716 |
| Salaries and employee benefits | $3,109 |
| Premises and equipment expense | $630 |
| Additional noninterest expense | $1,977 |
| Pre-tax net operating income | $1,158 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $386 |
| Income before extraordinary items | $772 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $772 |
| Net charge-offs | $0 |
| Cash dividends | $772 |
| Sale, conversion, retirement of capital stock, net | $4 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.43% |
| Cost of funding earning assets | 0.76% |
| Net interest margin | 3.67% |
| Noninterest income to earning assets | 0.46% |
| Noninterest expense to earning assets | 3.30% |
| Net operating income to assets | 0.41% |
| Return on assets (ROA) | 0.41% |
| Pretax return on assets | 0.62% |
| Return on equity (ROE) | 4.40% |
| Retained earnings to average equity (YTD only) | 4.40% |
| Net charge-offs to loans | 0.00% |
| Credit loss provision to net charge-offs | 7075.00% |
| Efficiency ratio | 360.25% |
| Assets per employee | $78,301 |
| Cash dividends to net income (YTD only) | 3.34% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.79% |
| Noncurrent assets plus other real estate owned to assets | 201.14% |
| Noncurrent loans to loans | 1.11% |
| Net loans and leases to deposits | 1.39% |
| Net loans and leases to core deposits | 63.94% |
| Equity capital to assets | 64.25% |
| Core capital (leverage) ratio | 9.30% |
| Tier 1 risk-based capital ratio | 8.78% |
| Total risk-based capital ratio | 11.91% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $187,427 |
| Average equity | $17,537 |
| Average loans | $173,457 |
| 11 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 32141 | First National Bank | 2457 Broadway Avenue, Slayton, MN 56172 | Febuary 15, 1985 | Full Service Brick and Mortar |  |
| 3 | 3468 | Lakefield Branch | 406 Main Street, Lakefield, MN 56150 | January 01, 1800 | Full Service Brick and Mortar |  |
| 4 | 3454 | Hastings Branch | 119 West Second Street, Hastings, MN 55033 | November 07, 1856 | Full Service Brick and Mortar | |
| 5 | 207266 | West Branch | 1440 North Frontage Road, Hastings, MN 55033 | Febuary 05, 1979 | Full Service Brick and Mortar | |
| 6 | 3472 | Spring Valley Branch | 208 North Broadway, Spring Valley, MN 55975 | January 01, 1904 | Full Service Brick and Mortar | |
| 7 | 3531 | Le Roy Branch | 109 West Main Street, Le Roy, MN 55951 | May 24, 1902 | Full Service Brick and Mortar | |
| 9 | 359612 | Maple Lawn Nursing Home Branch | 400 7th Street, Fulda, MN 56131 | January 09, 2001 | Limited Service Mobile | |
| 10 | 245374 | Plymouth Branch | 13605 27th Avenue North, Plymouth, MN 55441 | Febuary 05, 1996 | Full Service Brick and Mortar | |
| 11 | 8433 | Springfield Branch | 2 South Marshall Avenue, Springfield, MN 56087 | December 23, 1891 | Full Service Brick and Mortar | |
| 12 | 15368 | Slayton Branch | 2457 Broadway Avenue, Slayton, MN 56172 | September 30, 1975 | Full Service Brick and Mortar | |
| 13 | 510434 | Fulda Branch | 109 North St. Paul Avenue, Fulda, MN 56131 | July 01, 2010 | Full Service Brick and Mortar | |
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