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

This bank is inactive as of September 10, 1994

  • First National Bank in Hastings, Minnesota (MN)
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First National Bank - Overview

  • General
  • FDIC Certificate #: 5159
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First National Bank (#25894)
    Federal Reserve ID: 1007350
    Date Established: November 07, 1856
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 3454
    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: January 01, 1934
    Last Structure Change Effective Date: September 10, 1994
    Last Structure Change Process Date: September 16, 1994
    Last Data Update: January 18, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 119 West Second Street, Hastings, MN 55033
    County: Dakota
    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)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $43.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $32Total assets
  • $46,623Cash and due from depository institutions
  • $2,052Interest-bearing balances
  • $0Securities
  • $12,480Federal funds sold & reverse repurchase agreements
  • $2,300Net loans & leases
  • $28,221Loan loss allowance
  • $323Trading account assets
  • $0Bank premises and fixed assets
  • $601Other real estate owned
  • $379Goodwill and other intangibles
  • $590Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $46,623Total liabilities
  • $41,487Total deposits
  • $41,320Interest-bearing deposits
  • $36,912Deposits held in domestic offices
  • 41320.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $167Total equity capital
  • $167Total bank equity capital
  • $5,136Perpetual preferred stock
  • $0Common stock
  • $975Surplus
  • $2,375Undivided profits
  • Memoranda
  • $1,786Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $38Income earned, not collected on loans
  • $208Earning assets
  • $43,001Long-term assets (5+ years)
  • $4,482Average Assets, year-to-date
  • $47,492Average Assets, quarterly
  • $46,309Volatile liabilities
  • $1,005Insider loans
  • $7FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $213Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,136Total risk weighted assets
  • $31,642Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,388Total interest expense
  • $1,260Net interest income
  • $2,128Provision for loan and lease losses
  • $115Total noninterest income
  • $289Fiduciary activities
  • $0Service charges on deposit accounts
  • $228Trading account gains & fees
  • $0Additional noninterest income
  • $61Total noninterest expense
  • $1,742Salaries and employee benefits
  • $655Premises and equipment expense
  • $239Additional noninterest expense
  • $848Pre-tax net operating income
  • $560Securities gains (losses)
  • $20Applicable income taxes
  • $137Income before extraordinary items
  • $443Extraordinary gains - net
  • $0Net income attributable to bank
  • $443Net charge-offs
  • $69Cash dividends
  • $316Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.64%Cost of funding earning assets
  • 2.84%Net interest margin
  • 4.80%Noninterest income to earning assets
  • 0.65%Noninterest expense to earning assets
  • 3.93%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 1.22%Return on equity (ROE)
  • 8.69%Retained earnings to average equity (YTD only)
  • 2.49%Net charge-offs to loans
  • 0.25%Credit loss provision to net charge-offs
  • 166.67%Efficiency ratio
  • 72,073Assets per employee
  • 1.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.33%Loss allowance to loans
  • 1.13%Loss allowance to noncurrent loans
  • 850.00%Noncurrent assets plus other real estate owned to assets
  • 0.94%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 68.30%Net loans and leases to core deposits
  • 70.00%Equity capital to assets
  • 11.02%Core capital (leverage) ratio
  • 11.12%Tier 1 risk-based capital ratio
  • 16.23%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $47,492Average earning assets
  • $5,100Average equity
  • $44,330Average loans

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