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

This bank is inactive as of April 02, 2005

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

  • General
  • FDIC Certificate #: 5211
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: KleinBank (#1414)
    Federal Reserve ID: 695750
    Date Established: June 15, 1927
    WWW: http://www.kleinet.commontevideo/
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 11627
    FDIC's unique #: 3499
    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: April 02, 2005
    Last Structure Change Process Date: April 25, 2005
    Last Data Update: April 25, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 South First Street, Montevideo, MN 56265
    County: Chippewa
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $132.3 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, 2004)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $132,698Total assets
  • $3,267Cash and due from depository institutions
  • $20Interest-bearing balances
  • $41,796Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $81,594Net loans & leases
  • $1,183Loan loss allowance
  • $0Trading account assets
  • $840Bank premises and fixed assets
  • $216Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,985All other assets
  • $132,698Total liabilities and capital
  • $112,812Total liabilities
  • $104,892Total deposits
  • $93,461Interest-bearing deposits
  • $104,892Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,413Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,546Other borrowed funds
  • $0Subordinated debt
  • $961All other liabilities
  • $19,886Total equity capital
  • $19,886Total bank equity capital
  • $19,886Perpetual preferred stock
  • $0Common stock
  • $52Surplus
  • $2,108Undivided profits
  • Memoranda
  • $17,726Noncurrent loans and leases
  • $21,096Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $561Earning assets
  • $0Long-term assets (5+ years)
  • $1,549Average Assets, year-to-date
  • $123,410Average Assets, quarterly
  • $22,359Volatile liabilities
  • $137,474Insider loans
  • $132,530FHLB advances
  • $18,504Loans and leases held for sale
  • $1,869Unused loan commitments
  • $3,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $54Total risk weighted assets
  • $21,096Total unused commitments
  • $0Restructured Loans and leases
  • $1,183Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $6,948Total interest income
  • $2,065Total interest expense
  • $4,883Net interest income
  • -$543Provision for loan and lease losses
  • $1,377Total noninterest income
  • $0Fiduciary activities
  • $562Service charges on deposit accounts
  • $0Trading account gains & fees
  • $815Additional noninterest income
  • $3,742Total noninterest expense
  • $1,912Salaries and employee benefits
  • $349Premises and equipment expense
  • $1,481Additional noninterest expense
  • $3,061Pre-tax net operating income
  • $2Securities gains (losses)
  • $10Applicable income taxes
  • $3,053Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,053Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$27Sale, conversion, retirement of capital stock, net
  • $2,289Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.32%Yield on earning assets
  • 1.58%Cost of funding earning assets
  • 3.74%Net interest margin
  • 1.05%Noninterest income to earning assets
  • 2.86%Noninterest expense to earning assets
  • 2.22%Net operating income to assets
  • 2.22%Return on assets (ROA)
  • 2.23%Pretax return on assets
  • 15.32%Return on equity (ROE)
  • 3.83%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • 2011.11%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 59,776Assets per employee
  • 5.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.98%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 210.87%Noncurrent assets plus other real estate owned to assets
  • 0.59%Noncurrent loans to loans
  • 0.68%Net loans and leases to deposits
  • 77.79%Net loans and leases to core deposits
  • 89.81%Equity capital to assets
  • 14.99%Core capital (leverage) ratio
  • 15.12%Tier 1 risk-based capital ratio
  • 19.35%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $137,474Average earning assets
  • $19,925Average equity
  • $130,657Average loans

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