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

First National Bank in Mahnomen - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 18Total employees (full-time equivalent)
  • $72,456Total assets
  • $13,359Cash and due from depository institutions
  • $5,088Interest-bearing balances
  • $17,467Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $37,951Net loans & leases
  • $549Loan loss allowance
  • $0Trading account assets
  • $366Bank premises and fixed assets
  • $356Other real estate owned
  • $0Goodwill and other intangibles
  • $72,456Life insurance assets
  • $2,957All other assets
  • $65,538Total liabilities and capital
  • $65,372Total liabilities
  • $55,670Total deposits
  • $65,372Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $166Subordinated debt
  • $6,918All other liabilities
  • $6,918Total equity capital
  • $6,918Total bank equity capital
  • $0Perpetual preferred stock
  • $25Common stock
  • $1,191Surplus
  • $5,702Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $333Income earned, not collected on loans
  • $0Earning assets
  • $487Long-term assets (5+ years)
  • $60,506Average Assets, year-to-date
  • $19,999Average Assets, quarterly
  • $69,753Volatile liabilities
  • $70,884Insider loans
  • $39,821FHLB advances
  • $71,852Loans and leases held for sale
  • $1,457Unused loan commitments
  • $1,457Tier 1 (core) risk-based capital
  • $6,380Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,791Restructured Loans and leases
  • $327Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,257Total interest income
  • $576Total interest expense
  • $2,681Net interest income
  • $140Provision for loan and lease losses
  • $421Total noninterest income
  • $0Fiduciary activities
  • $304Service charges on deposit accounts
  • $0Trading account gains & fees
  • $117Additional noninterest income
  • $2,349Total noninterest expense
  • $1,301Salaries and employee benefits
  • $51Premises and equipment expense
  • $997Additional noninterest expense
  • $613Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $613Income before extraordinary items
  • $0Extraordinary gains - net
  • $613Net income attributable to bank
  • $0Net charge-offs
  • $613Cash dividends
  • $238Sale, conversion, retirement of capital stock, net
  • $325Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.31%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 4.37%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 3.83%Noninterest expense to earning assets
  • 0.88%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 9.63%Return on equity (ROE)
  • 4.53%Retained earnings to average equity (YTD only)
  • 0.58%Net charge-offs to loans
  • 58.82%Credit loss provision to net charge-offs
  • 3.16%Efficiency ratio
  • 75,725Assets per employee
  • 4.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.02%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 164.86%Noncurrent assets plus other real estate owned to assets
  • 0.95%Noncurrent loans to loans
  • 0.86%Net loans and leases to deposits
  • 58.05%Net loans and leases to core deposits
  • 64.57%Equity capital to assets
  • 9.55%Core capital (leverage) ratio
  • 8.88%Tier 1 risk-based capital ratio
  • 16.02%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $69,753Average earning assets
  • $6,362Average equity
  • $61,363Average loans

List of branches

  • 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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