First National Bank Minnesota in St. Peter, Minnesota (MN)



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First National Bank Minnesota
GeneralFDIC Certificate #: 5247
Status: Active
Federal Reserve ID: 197759
Bank Holding Company (Regulatory Top Holder): Bancommunity Service Corporation (RSSDID: 1128460, Location: Saint Peter, MN)
Date Established: January 01, 1857
WWW: http://www.fnbmn.com
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 #: 10083
FDIC's unique #: 3526
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: No
Asset Concentration Hierarchy: Commercial Lending 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: 226 West Nassau Street, St. Peter, MN 56082
County: Nicollet
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Mankato
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Mankato-North Mankato, MN (#31860)
CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $190.1 mil
Equity capital: $21.2 mil
Deposits held in domestic offices: $164.2 mil
Return on assets (ROA): 0.51% ($1.0 mil)
Quarterly return on assets: 0.74% ($1.4 mil)
Return on Equity (ROE): 4.60% ($1.0 mil)
Quarterly return on equity: 6.69% ($1.4 mil)
Net income: $0.9 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.68% ($1,293.0 mil)
Quarterly Pretax return on assets: 0.87% ($1,654.3 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)56
Total assets$190,145
Cash and due from depository institutions$21,111
Interest-bearing balances$16,922
Securities$35,982
Federal funds sold & reverse repurchase agreements$6,817
Net loans & leases$109,970
Loan loss allowance $2,669
Trading account assets$0
Bank premises and fixed assets$3,659
Other real estate owned$4,191
Goodwill and other intangibles$510
All other assets$7,905
Life insurance assets$190,145
Total liabilities and capital$168,910
Total liabilities$164,212
Total deposits$145,408
Interest-bearing deposits$164,212
Deposits held in domestic offices$93
% insured (estimated)500.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,375
Other borrowed funds $0
Subordinated debt $823
All other liabilities $21,235
Total equity capital$21,235
Total bank equity capital$21,235
Perpetual preferred stock$0
Common stock$1,512
Surplus$9,622
Undivided profits $10,101
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $214
Income earned, not collected on loans $5,154
Earning assets $0
Long-term assets (5+ years) $978
Average Assets, year-to-date $169,691
Average Assets, quarterly $24,150
Volatile liabilities $187,372
Insider loans $189,825
FHLB advances $125,242
Loans and leases held for sale $189,030
Unused loan commitments $5,588
Tier 1 (core) risk-based capital $5,588
Tier 2 risk-based capital $20,031
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $18,569
Derivatives$2,678
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,758
Total interest expense $1,177
Net interest income $6,581
Provision for loan and lease losses $250
Total noninterest income $1,497
Fiduciary activities $0
Service charges on deposit accounts $411
Trading account gains & fees $0
Additional noninterest income $1,086
Total noninterest expense $6,557
Salaries and employee benefits $2,874
Premises and equipment expense $781
Additional noninterest expense $2,902
Pre-tax net operating income $1,271
Securities gains (losses) $0
Applicable income taxes $321
Income before extraordinary items $950
Extraordinary gains - net $0
Net income attributable to bank $950
Net charge-offs $0
Cash dividends $950
Sale, conversion, retirement of capital stock, net $805
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.63%
Cost of funding earning assets 0.70%
Net interest margin 3.93%
Noninterest income to earning assets 0.89%
Noninterest expense to earning assets 3.92%
Net operating income to assets 0.51%
Return on assets (ROA) 0.51%
Pretax return on assets 0.68%
Return on equity (ROE) 4.60%
Retained earnings to average equity (YTD only) 4.60%
Net charge-offs to loans 0.71%
Credit loss provision to net charge-offs 31.06%
Efficiency ratio1.89%
Assets per employee$81,171
Cash dividends to net income (YTD only)3.40%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.37%
Noncurrent assets plus other real estate owned to assets 51.79%
Noncurrent loans to loans 4.91%
Net loans and leases to deposits4.58%
Net loans and leases to core deposits 66.97%
Equity capital to assets 68.87%
Core capital (leverage) ratio 11.17%
Tier 1 risk-based capital ratio 10.60%
Total risk-based capital ratio 15.99%
Memoranda
Average assets$17
Average earning assets$187,372
Average equity $20,667
Average loans $167,442
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3 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03526First National Bank Minnesota226 West Nassau Street, St. Peter, MN 56082January 01, 1857Full Service Brick and Mortar
1284128Gaylord Branch209 Main Avenue, Gaylord, MN 55334January 01, 1905Full Service Brick and Mortar
28342Mankato Branch500 Long Street, Mankato, MN 56002March 15, 1913Full Service Brick and Mortar
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