First National Bank of Menahga & Sebeka in Menahga, Minnesota (MN)
| First National Bank of Menahga & Sebeka | |
|---|---|
| General | FDIC Certificate #: 5197 Status: Active Federal Reserve ID: 923855 Bank Holding Company (Regulatory Top Holder): Menahga Bancshares, Inc. (RSSDID: 1123951, Location: Menahga, MN) Date Established: September 01, 1898 WWW: http://www.fnbmenahga.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: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 3486 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: June 01, 2010 Last Structure Change Process Date: June 01, 2010 Last Data Update: June 01, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 21 Main St Ne, Menahga, MN 56464 County: Wadena 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 |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $81.2 mil Equity capital: $10.8 mil Deposits held in domestic offices: $70.1 mil Return on assets (ROA): 1.64% ($1.3 mil) Quarterly return on assets: 1.48% ($1.2 mil) Return on Equity (ROE): 12.21% ($1.3 mil) Quarterly return on equity: 10.94% ($1.2 mil) Net income: $1.3 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.65% ($1,339.4 mil) Quarterly Pretax return on assets: 1.48% ($1,201.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 23 |
| Total assets | $81,177 |
| Cash and due from depository institutions | $12,770 |
| Interest-bearing balances | $9,505 |
| Securities | $20,104 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $44,624 |
| Loan loss allowance | $676 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $810 |
| Other real estate owned | $888 |
| Goodwill and other intangibles | $911 |
| All other assets | $1,070 |
| Life insurance assets | $81,177 |
| Total liabilities and capital | $70,379 |
| Total liabilities | $70,117 |
| Total deposits | $61,414 |
| Interest-bearing deposits | $70,117 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $63 |
| Other borrowed funds | $0 |
| Subordinated debt | $199 |
| All other liabilities | $10,798 |
| Total equity capital | $10,798 |
| Total bank equity capital | $10,798 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $3,880 |
| Undivided profits | $6,818 |
| Memoranda | |
| 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 | $1,321 |
| Earning assets | $69 |
| Long-term assets (5+ years) | $462 |
| Average Assets, year-to-date | $74,233 |
| Average Assets, quarterly | $13,041 |
| Volatile liabilities | $78,816 |
| Insider loans | $80,468 |
| FHLB advances | $44,261 |
| Loans and leases held for sale | $80,090 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $9,402 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,618 |
| Derivatives | $153 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,016 |
| Total interest expense | $802 |
| Net interest income | $3,214 |
| Provision for loan and lease losses | $179 |
| Total noninterest income | $565 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $62 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $503 |
| Total noninterest expense | $2,344 |
| Salaries and employee benefits | $1,169 |
| Premises and equipment expense | $210 |
| Additional noninterest expense | $965 |
| Pre-tax net operating income | $1,256 |
| Securities gains (losses) | $41 |
| Applicable income taxes | $1 |
| Income before extraordinary items | $1,296 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,296 |
| Net charge-offs | $0 |
| Cash dividends | $1,296 |
| Sale, conversion, retirement of capital stock, net | $218 |
| Net operating income | $883 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.59% |
| Cost of funding earning assets | 1.12% |
| Net interest margin | 4.47% |
| Noninterest income to earning assets | 0.79% |
| Noninterest expense to earning assets | 3.26% |
| Net operating income to assets | 1.59% |
| Return on assets (ROA) | 1.64% |
| Pretax return on assets | 1.65% |
| Return on equity (ROE) | 12.21% |
| Retained earnings to average equity (YTD only) | 3.89% |
| Net charge-offs to loans | 0.45% |
| Credit loss provision to net charge-offs | 82.11% |
| Efficiency ratio | 6.58% |
| Assets per employee | $60,042 |
| Cash dividends to net income (YTD only) | 3.53% |
| Condition Ratios (%) | |
| Loss allowance to loans | 68.13% |
| Loss allowance to noncurrent loans | 1.49% |
| Noncurrent assets plus other real estate owned to assets | 51.17% |
| Noncurrent loans to loans | 2.72% |
| Net loans and leases to deposits | 2.92% |
| Net loans and leases to core deposits | 63.64% |
| Equity capital to assets | 67.71% |
| Core capital (leverage) ratio | 13.30% |
| Tier 1 risk-based capital ratio | 11.74% |
| Total risk-based capital ratio | 21.24% |
| Memoranda | |
| Average assets | $22 |
| Average earning assets | $78,816 |
| Average equity | $10,613 |
| Average loans | $71,884 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 3486 | First National Bank Of Menahga & Seb | 21 Main St Ne, Menahga, MN 56464 | September 01, 1898 | Full Service Brick and Mortar |  |
| 1 | 10877 | Sebeka Office | Main Street, Sebeka, MN 56477 | January 01, 1930 | Full Service Brick and Mortar |  |
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