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

This bank is inactive as of March 06, 1999

  • First National Bank of Monticello in Monticello, Minnesota (MN)
  • Show street view No street view available for this location

First National Bank of Monticello - Overview

  • General
  • FDIC Certificate #: 25593
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Norwest Bank Minnesota South, National Association (#5237)
    Federal Reserve ID: 701754
    Date Established: August 29, 1984
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 12988
    FDIC's unique #: 17532
    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: August 29, 1984
    Last Structure Change Effective Date: March 06, 1999
    Last Structure Change Process Date: March 15, 1999
    Last Data Update: March 15, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 407 Pine Street, Monticello, MN 55362
    County: Wright
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • Financial Summary
  • Total assets: $84.6 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 42Total employees (full-time equivalent)
  • $84,551Total assets
  • $7,135Cash and due from depository institutions
  • $2,935Interest-bearing balances
  • $16,367Securities
  • $13,500Federal funds sold & reverse repurchase agreements
  • $43,727Net loans & leases
  • $685Loan loss allowance
  • $0Trading account assets
  • $2,993Bank premises and fixed assets
  • $78Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $751All other assets
  • $84,551Total liabilities and capital
  • $77,980Total liabilities
  • $77,118Total deposits
  • $63,625Interest-bearing deposits
  • $77,118Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $862All other liabilities
  • $6,571Total equity capital
  • $6,571Total bank equity capital
  • $6,571Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $1,400Undivided profits
  • Memoranda
  • $4,671Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $241Earning assets
  • $0Long-term assets (5+ years)
  • $269Average Assets, year-to-date
  • $76,529Average Assets, quarterly
  • $3,959Volatile liabilities
  • $79,504Insider loans
  • $84,221FHLB advances
  • $5,915Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,129Total unused commitments
  • $0Restructured Loans and leases
  • $52,606Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $5,781Total interest income
  • $2,346Total interest expense
  • $3,435Net interest income
  • $49Provision for loan and lease losses
  • $958Total noninterest income
  • $0Fiduciary activities
  • $505Service charges on deposit accounts
  • $0Trading account gains & fees
  • $453Additional noninterest income
  • $3,156Total noninterest expense
  • $1,665Salaries and employee benefits
  • $584Premises and equipment expense
  • $907Additional noninterest expense
  • $1,188Pre-tax net operating income
  • $0Securities gains (losses)
  • $571Applicable income taxes
  • $617Income before extraordinary items
  • $0Extraordinary gains - net
  • $617Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $54Sale, conversion, retirement of capital stock, net
  • $225Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.08%Yield on earning assets
  • 3.28%Cost of funding earning assets
  • 4.80%Net interest margin
  • 1.34%Noninterest income to earning assets
  • 4.41%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 1.49%Pretax return on assets
  • 9.63%Return on equity (ROE)
  • 6.12%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 90.74%Credit loss provision to net charge-offs
  • 22.91%Efficiency ratio
  • 71,842Assets per employee
  • 2.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.47%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 284.23%Noncurrent assets plus other real estate owned to assets
  • 0.38%Noncurrent loans to loans
  • 0.54%Net loans and leases to deposits
  • 56.70%Net loans and leases to core deposits
  • 61.41%Equity capital to assets
  • 7.77%Core capital (leverage) ratio
  • 7.87%Tier 1 risk-based capital ratio
  • 12.38%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $79,504Average earning assets
  • $6,408Average equity
  • $71,546Average loans

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First National Bank of Monticello.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents