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

First National Bank - Overview

  • General
  • FDIC Certificate #: 5113
    Status: Active
    Federal Reserve ID: 371755
    Bank Holding Company (Regulatory Top Holder): M.I.f. Limited (RSSDID: 2695688, Location: Chisholm, MN)
    Date Established: April 02, 1905
    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: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12604
    FDIC's unique #: 3419
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    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: 101 West Lake Street, Chisholm, MN 55719
    County: St. Louis
    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): Duluth-Superior, MN-WI (#2240)
    Core Based Statistical Area (CBSA): Duluth, MN-WI (#20260)
    CBSA Metro Statistical Area: Duluth, MN-WI (#20260)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $82.4 mil
    Equity capital: $8.1 mil
    Deposits held in domestic offices: $64.2 mil
    Return on assets (ROA): 0.81% ($0.7 mil)
    Quarterly return on assets: 0.75% ($0.6 mil)
    Return on Equity (ROE): 8.96% ($0.7 mil)
    Quarterly return on equity: 7.57% ($0.6 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.81% ($667.1 mil)
    Quarterly Pretax return on assets: 0.75% ($617.7 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
  • 18Total employees (full-time equivalent)
  • $82,354Total assets
  • $5,742Cash and due from depository institutions
  • $1,112Interest-bearing balances
  • $54,540Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $18,609Net loans & leases
  • $328Loan loss allowance
  • $0Trading account assets
  • $1,280Bank premises and fixed assets
  • $512Other real estate owned
  • $40Goodwill and other intangibles
  • $82,354Life insurance assets
  • $1,631All other assets
  • $74,286Total liabilities and capital
  • $64,236Total liabilities
  • $51,514Total deposits
  • $64,236Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $50Subordinated debt
  • $8,068All other liabilities
  • $8,068Total equity capital
  • $8,068Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $2,385Surplus
  • $4,683Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $699Income earned, not collected on loans
  • $0Earning assets
  • $562Long-term assets (5+ years)
  • $74,261Average Assets, year-to-date
  • $41,354Average Assets, quarterly
  • $80,951Volatile liabilities
  • $81,945Insider loans
  • $36,218FHLB advances
  • $79,446Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,150Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $365Restructured Loans and leases
  • $48Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,241Total interest income
  • $822Total interest expense
  • $2,419Net interest income
  • $65Provision for loan and lease losses
  • $177Total noninterest income
  • $0Fiduciary activities
  • $95Service charges on deposit accounts
  • $0Trading account gains & fees
  • $82Additional noninterest income
  • $2,066Total noninterest expense
  • $935Salaries and employee benefits
  • $458Premises and equipment expense
  • $673Additional noninterest expense
  • $465Pre-tax net operating income
  • $192Securities gains (losses)
  • $1Applicable income taxes
  • $656Income before extraordinary items
  • $0Extraordinary gains - net
  • $656Net income attributable to bank
  • $0Net charge-offs
  • $656Cash dividends
  • $26Sale, conversion, retirement of capital stock, net
  • $355Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.33%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.23%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 2.76%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 8.96%Return on equity (ROE)
  • 4.11%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 250.00%Credit loss provision to net charge-offs
  • 20.38%Efficiency ratio
  • 79,584Assets per employee
  • 4.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.12%Loss allowance to loans
  • 1.73%Loss allowance to noncurrent loans
  • 46.92%Noncurrent assets plus other real estate owned to assets
  • 1.47%Noncurrent loans to loans
  • 3.69%Net loans and leases to deposits
  • 28.97%Net loans and leases to core deposits
  • 28.97%Equity capital to assets
  • 9.80%Core capital (leverage) ratio
  • 7.74%Tier 1 risk-based capital ratio
  • 16.98%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $80,951Average earning assets
  • $7,319Average equity
  • $74,792Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03419First National Bank101 West Lake Street, Chisholm, MN 55719April 02, 1905Full Service Brick and Mortar
    1207111Chisholm Branch301 1st Street Nw, Chisholm, MN 55719July 10, 1978Limited Service Facility
    26523Cook Branch32 South River Street, Cook, MN 55723September 09, 1917Full Service Brick and Mortar

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