First National Bank in Milnor, North Dakota (ND)

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First National Bank
GeneralFDIC Certificate #: 3948
Status: Active
Federal Reserve ID: 820655
Bank Holding Company (Regulatory Top Holder): Fnb Bankshares, Inc. (RSSDID: 2352495, Location: Milnor, ND)
Date Established: January 01, 1906
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: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 2573
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: 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
LocationAddress: 414 Main Street, Milnor, ND 58060
County: Sargent
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $67.5 mil
Equity capital: $9.9 mil
Deposits held in domestic offices: $57.3 mil
Return on assets (ROA): 1.34% ($0.9 mil)
Quarterly return on assets: 1.36% ($0.9 mil)
Return on Equity (ROE): 9.05% ($0.9 mil)
Quarterly return on equity: 9.02% ($0.9 mil)
Net income: $0.9 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.43% ($964.7 mil)
Quarterly Pretax return on assets: 1.45% ($978.2 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)
Total employees (full-time equivalent)18
Total assets$67,463
Cash and due from depository institutions$5,102
Interest-bearing balances$895
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$31,369
Loan loss allowance $349
Trading account assets$0
Bank premises and fixed assets$521
Other real estate owned$83
Goodwill and other intangibles$0
All other assets$774
Life insurance assets$67,463
Total liabilities and capital$57,520
Total liabilities$57,250
Total deposits$45,370
Interest-bearing deposits$57,250
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $270
All other liabilities $9,943
Total equity capital$9,943
Total bank equity capital$9,943
Perpetual preferred stock$0
Common stock$300
Undivided profits $9,283
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 $0
Earning assets $0
Long-term assets (5+ years) $594
Average Assets, year-to-date $61,878
Average Assets, quarterly $22,480
Volatile liabilities $64,508
Insider loans $66,020
FHLB advances $39,078
Loans and leases held for sale $65,509
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $9,053
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,640
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,946
Total interest expense $434
Net interest income $2,512
Provision for loan and lease losses $10
Total noninterest income $275
Fiduciary activities $0
Service charges on deposit accounts $173
Trading account gains & fees $0
Additional noninterest income $102
Total noninterest expense $1,854
Salaries and employee benefits $1,189
Premises and equipment expense $212
Additional noninterest expense $453
Pre-tax net operating income $923
Securities gains (losses) $0
Applicable income taxes $60
Income before extraordinary items $863
Extraordinary gains - net $0
Net income attributable to bank $863
Net charge-offs $0
Cash dividends $863
Sale, conversion, retirement of capital stock, net $1
Net operating income $504
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.84%
Cost of funding earning assets 0.71%
Net interest margin 4.13%
Noninterest income to earning assets 0.45%
Noninterest expense to earning assets 3.05%
Net operating income to assets 1.34%
Return on assets (ROA) 1.34%
Pretax return on assets 1.43%
Return on equity (ROE) 9.05%
Retained earnings to average equity (YTD only) 3.77%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 1000.00%
Efficiency ratio933.00%
Assets per employee$66,523
Cash dividends to net income (YTD only)3.75%
Condition Ratios (%)
Loss allowance to loans 58.40%
Loss allowance to noncurrent loans 1.10%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.12%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 54.79%
Equity capital to assets 55.93%
Core capital (leverage) ratio 14.74%
Tier 1 risk-based capital ratio 13.82%
Total risk-based capital ratio 23.17%
Average assets$24
Average earning assets$64,508
Average equity $9,534
Average loans $60,825
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2 North Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
02573First National Bank414 Main Street, Milnor, ND 58060January 01, 1906Full Service Brick and Mortar
1202177Lisbon Branch305 Main Street, Lisbon, ND 58054March 07, 1996Full Service Brick and Mortar
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