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

This bank is inactive as of July 24, 2004

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

  • General
  • FDIC Certificate #: 57600
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First National Bank of the North (#17195)
    Federal Reserve ID: 2910206
    Date Established: July 21, 2003
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 366301
    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: July 21, 2003
    Last Structure Change Effective Date: July 24, 2004
    Last Structure Change Process Date: September 07, 2004
    Last Data Update: September 07, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 402 Old Highway 61, Hinckley, MN 55037
    County: Pine
    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
  • Financial Summary
  • Total assets: $6.9 mil

Assets and Liabilities (December 31, 2003)

  • Dollar figures in thousands
  • 3Total employees (full-time equivalent)
  • $5,928Total assets
  • $485Cash and due from depository institutions
  • $0Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $5,249Net loans & leases
  • $53Loan loss allowance
  • $0Trading account assets
  • $27Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $167All other assets
  • $5,928Total liabilities and capital
  • $1,944Total liabilities
  • $1,943Total deposits
  • $1,300Interest-bearing deposits
  • $1,943Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1All other liabilities
  • $3,984Total equity capital
  • $3,984Total bank equity capital
  • $3,984Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $2,000Undivided profits
  • Memoranda
  • $-16Noncurrent loans and leases
  • $915Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $35Average Assets, year-to-date
  • $5,249Average Assets, quarterly
  • $532Volatile liabilities
  • $5,278Insider loans
  • $5,278FHLB advances
  • $204Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $915Total unused commitments
  • $0Restructured Loans and leases
  • $53Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $150Total interest income
  • $5Total interest expense
  • $145Net interest income
  • $53Provision for loan and lease losses
  • $3Total noninterest income
  • $0Fiduciary activities
  • $1Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2Additional noninterest income
  • $111Total noninterest expense
  • $72Salaries and employee benefits
  • $5Premises and equipment expense
  • $34Additional noninterest expense
  • -$16Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$16Income before extraordinary items
  • $0Extraordinary gains - net
  • -$16Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.17%Yield on earning assets
  • 0.11%Cost of funding earning assets
  • 3.06%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 2.34%Noninterest expense to earning assets
  • -0.30%Net operating income to assets
  • -0.30%Return on assets (ROA)
  • -0.30%Pretax return on assets
  • -0.40%Return on equity (ROE)
  • -0.40%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 75,000Assets per employee
  • 1.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 270.15%Net loans and leases to core deposits
  • 301.84%Equity capital to assets
  • 67.21%Core capital (leverage) ratio
  • 78.41%Tier 1 risk-based capital ratio
  • 83.36%Total risk-based capital ratio
  • Memoranda
  • $84Average assets
  • $5,278Average earning assets
  • $3,975Average equity
  • $4,735Average loans

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