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)
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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

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