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


  • First National Bank of the Lakes in Navarre, Minnesota (MN)
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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
  • NoIDNameAddressEstablishedService TypeMap
    012935First National Bank Of The Lakes2445 Shadywood Road, Navarre, MN 55392May 01, 1964Full Service Brick and Mortar
    1247306Minneapolis Branch706 Second Avenue South, Minneapolis, MN 55402March 19, 1979Full Service Brick and Mortar
    2247307Hennepin Avenue Branch3100 Hennepin Avenue, Minneapolis, MN 55408June 15, 1984Full Service Brick and Mortar
    4361012Uptown Drive Through Branch3101 Hennepin Ave., Minneapolis, MN 55408July 01, 2000Limited Service Facility
    5364344Richfield Branch6613 Penn Ave. So., Richfield, MN 55423October 15, 2001Full Service Brick and Mortar

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