First National Bank in Mahnomen in Mahnomen, Minnesota (MN)

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First National Bank in Mahnomen
GeneralFDIC Certificate #: 5190
Status: Active
Federal Reserve ID: 93758
Bank Holding Company (Regulatory Top Holder): Mahnomen Bancshares, Inc. (RSSDID: 1127959, Location: Mahnomen, MN)
Date Established: June 08, 1926
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: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 3480
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: May 17, 2006
Last Structure Change Process Date: May 24, 2006
Last Data Update: May 24, 2006
Data Source Date: April 05, 2012
LocationAddress: 103 N. Main Street, Mahnomen, MN 56557
County: Mahnomen
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Forks
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of ChangesChange in Location
Financial SummaryTotal assets: $72.5 mil
Equity capital: $6.9 mil
Deposits held in domestic offices: $65.4 mil
Return on assets (ROA): 0.88% ($0.6 mil)
Quarterly return on assets: 1.46% ($1.1 mil)
Return on Equity (ROE): 9.63% ($0.7 mil)
Quarterly return on equity: 15.18% ($1.1 mil)
Net income: $0.6 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.88% ($637.6 mil)
Quarterly Pretax return on assets: 1.46% ($1,057.9 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$72,456
Cash and due from depository institutions$13,359
Interest-bearing balances$5,088
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$37,951
Loan loss allowance $549
Trading account assets$0
Bank premises and fixed assets$366
Other real estate owned$356
Goodwill and other intangibles$0
All other assets$2,957
Life insurance assets$72,456
Total liabilities and capital$65,538
Total liabilities$65,372
Total deposits$55,670
Interest-bearing deposits$65,372
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $166
All other liabilities $6,918
Total equity capital$6,918
Total bank equity capital$6,918
Perpetual preferred stock$0
Common stock$25
Undivided profits $5,702
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 $333
Earning assets $0
Long-term assets (5+ years) $487
Average Assets, year-to-date $60,506
Average Assets, quarterly $19,999
Volatile liabilities $69,753
Insider loans $70,884
FHLB advances $39,821
Loans and leases held for sale $71,852
Unused loan commitments $1,457
Tier 1 (core) risk-based capital $1,457
Tier 2 risk-based capital $6,380
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,791
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,257
Total interest expense $576
Net interest income $2,681
Provision for loan and lease losses $140
Total noninterest income $421
Fiduciary activities $0
Service charges on deposit accounts $304
Trading account gains & fees $0
Additional noninterest income $117
Total noninterest expense $2,349
Salaries and employee benefits $1,301
Premises and equipment expense $51
Additional noninterest expense $997
Pre-tax net operating income $613
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $613
Extraordinary gains - net $0
Net income attributable to bank $613
Net charge-offs $0
Cash dividends $613
Sale, conversion, retirement of capital stock, net $238
Net operating income $325
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.31%
Cost of funding earning assets 0.94%
Net interest margin 4.37%
Noninterest income to earning assets 0.69%
Noninterest expense to earning assets 3.83%
Net operating income to assets 0.88%
Return on assets (ROA) 0.88%
Pretax return on assets 0.88%
Return on equity (ROE) 9.63%
Retained earnings to average equity (YTD only) 4.53%
Net charge-offs to loans 0.58%
Credit loss provision to net charge-offs 58.82%
Efficiency ratio3.16%
Assets per employee$75,725
Cash dividends to net income (YTD only)4.03%
Condition Ratios (%)
Loss allowance to loans 53.02%
Loss allowance to noncurrent loans 1.43%
Noncurrent assets plus other real estate owned to assets 164.86%
Noncurrent loans to loans 0.95%
Net loans and leases to deposits0.86%
Net loans and leases to core deposits 58.05%
Equity capital to assets 64.57%
Core capital (leverage) ratio 9.55%
Tier 1 risk-based capital ratio 8.88%
Total risk-based capital ratio 16.02%
Average assets$17
Average earning assets$69,753
Average equity $6,362
Average loans $61,363
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03480First National Bank In Mahnomen103 N. Main Street, Mahnomen, MN 56557June 08, 1926Full Service Brick and Mortar
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