First National Bank of the Lakes in city_name, state_name - Detailed Financial Reports, Location

First National Bank of the Lakes in Navarre, Minnesota (MN)
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First National Bank of the Lakes routing number info

First National Bank of the Lakes - Overview

General
FDIC Certificate #: 19103
Status: Active
Federal Reserve ID: 715751
Bank Holding Company (Regulatory Top Holder): Orono Financial, Inc. (RSSDID: 1020751, Location: Navarre, MN)
Date Established: May 01, 1964
WWW: http://www.fnblonline.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: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 12935
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: May 01, 1964
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 2445 Shadywood Road, Navarre, MN 55392
County: Hennepin
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
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)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $60.9 mil
Equity capital: $5.8 mil
Deposits held in domestic offices: $55.1 mil
Return on assets (ROA): 0.01% ($0.0 mil)
Quarterly return on assets: -0.16% (-$0.1 mil)
Return on Equity (ROE): 0.05% ($0.0 mil)
Quarterly return on equity: -1.72% (-$0.1 mil)
Net income: $0.0 mil
Quarterly Net income: -$0.0 mil
Pretax return on assets: 0.01% ($6.1 mil)
Quarterly Pretax return on assets: -0.16% (-$97.5 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, 2011)

Dollar figures in thousands
25Total employees (full-time equivalent)
$60,934Total assets
$30,049Cash and due from depository institutions
$23,325Interest-bearing balances
$4,288Securities
$274Federal funds sold & reverse repurchase agreements
$24,583Net loans & leases
$572Loan loss allowance
$0Trading account assets
$1,403Bank premises and fixed assets
$62Other real estate owned
$0Goodwill and other intangibles
$60,934Life insurance assets
$275All other assets
$55,135Total liabilities and capital
$55,083Total liabilities
$24,350Total deposits
$55,083Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$52Subordinated debt
$5,799All other liabilities
$5,799Total equity capital
$5,799Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$1,470Surplus
$4,229Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$709Income earned, not collected on loans
$194Earning assets
$83Long-term assets (5+ years)
$52,470Average Assets, year-to-date
$2,905Average Assets, quarterly
$59,064Volatile liabilities
$60,916Insider loans
$32,797FHLB advances
$60,664Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,573Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,445Restructured Loans and leases
$182Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$1,552Total interest income
$80Total interest expense
$1,472Net interest income
$39Provision for loan and lease losses
$1,097Total noninterest income
$0Fiduciary activities
$780Service charges on deposit accounts
$0Trading account gains & fees
$317Additional noninterest income
$2,527Total noninterest expense
$1,160Salaries and employee benefits
$435Premises and equipment expense
$932Additional noninterest expense
$3Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$3Income before extraordinary items
$0Extraordinary gains - net
$3Net income attributable to bank
$0Net charge-offs
$3Cash dividends
$77Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
3.04%Yield on earning assets
0.16%Cost of funding earning assets
2.88%Net interest margin
2.15%Noninterest income to earning assets
4.95%Noninterest expense to earning assets
0.01%Net operating income to assets
0.01%Return on assets (ROA)
0.01%Pretax return on assets
0.05%Return on equity (ROE)
0.05%Retained earnings to average equity (YTD only)
0.31%Net charge-offs to loans
50.65%Credit loss provision to net charge-offs
0.55%Efficiency ratio
98,365Assets per employee
2.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.27%Loss allowance to noncurrent loans
80.68%Noncurrent assets plus other real estate owned to assets
1.27%Noncurrent loans to loans
2.82%Net loans and leases to deposits
44.63%Net loans and leases to core deposits
44.85%Equity capital to assets
9.52%Core capital (leverage) ratio
9.19%Tier 1 risk-based capital ratio
16.99%Total risk-based capital ratio
Memoranda
$18Average assets
$59,064Average earning assets
$5,687Average equity
$51,079Average loans

List of branches

5 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	12935	First National Bank Of The Lakes	2445 Shadywood Road, Navarre, MN 55392	May 01, 1964	Full Service Brick and Mortar
1	247306	Minneapolis Branch	706 Second Avenue South, Minneapolis, MN 55402	March 19, 1979	Full Service Brick and Mortar
2	247307	Hennepin Avenue Branch	3100 Hennepin Avenue, Minneapolis, MN 55408	June 15, 1984	Full Service Brick and Mortar
4	361012	Uptown Drive Through Branch	3101 Hennepin Ave., Minneapolis, MN 55408	July 01, 2000	Limited Service Facility
5	364344	Richfield Branch	6613 Penn Ave. So., Richfield, MN 55423	October 15, 2001	Full Service Brick and Mortar

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

First National Bank of the Lakes - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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

First National Bank of the Lakes - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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