Minnesota National Bank in Sauk Centre, Minnesota (MN)



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Minnesota National Bank
GeneralFDIC Certificate #: 5249
Status: Active
Federal Reserve ID: 799751
Bank Holding Company (Regulatory Top Holder): Minnesota National Bank Retirement Savings And Employee Stock Ownership Plan & Trust (RSSDID: 1246364, Location: Sauk Centre, MN)
Date Established: September 11, 1902
WWW: http://www.mn-bank.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: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 10290
FDIC's unique #: 3527
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: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 22, 2008
Last Structure Change Process Date: April 01, 2008
Last Data Update: April 01, 2008
Data Source Date: April 05, 2012
LocationAddress: Main And Sinclair Lewis, Sauk Centre, MN 56378
County: Stearns
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): St. Cloud, MN (#6980)
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
CBSA Metro Statistical Area: St. Cloud, MN (#41060)
History of ChangesParticipated in Absorption/Consolidation/Merger
Name Change
Financial SummaryTotal assets: $196.9 mil
Equity capital: $22.9 mil
Deposits held in domestic offices: $167.0 mil
Return on assets (ROA): 1.15% ($2.3 mil)
Quarterly return on assets: 1.44% ($2.8 mil)
Return on Equity (ROE): 9.55% ($2.2 mil)
Quarterly return on equity: 12.03% ($2.8 mil)
Net income: $2.2 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 1.15% ($2,264.0 mil)
Quarterly Pretax return on assets: 1.44% ($2,834.9 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)
Total employees (full-time equivalent)46
Total assets$196,871
Cash and due from depository institutions$23,464
Interest-bearing balances$19,073
Securities$58,146
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$102,417
Loan loss allowance $1,426
Trading account assets$0
Bank premises and fixed assets$2,952
Other real estate owned$2,392
Goodwill and other intangibles$4,877
All other assets$2,623
Life insurance assets$196,871
Total liabilities and capital$173,948
Total liabilities$166,975
Total deposits$144,380
Interest-bearing deposits$166,975
Deposits held in domestic offices$84
% insured (estimated)6059.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$261
Other borrowed funds $0
Subordinated debt $653
All other liabilities $22,923
Total equity capital$22,923
Total bank equity capital$22,923
Perpetual preferred stock$0
Common stock$895
Surplus$13,701
Undivided profits $8,327
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 $922
Earning assets $29
Long-term assets (5+ years) $812
Average Assets, year-to-date $179,636
Average Assets, quarterly $27,588
Volatile liabilities $190,586
Insider loans $194,179
FHLB advances $121,227
Loans and leases held for sale $189,096
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $16,797
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $21,450
Derivatives$3,070
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,939
Total interest expense $1,779
Net interest income $6,160
Provision for loan and lease losses -$212
Total noninterest income $499
Fiduciary activities $0
Service charges on deposit accounts $578
Trading account gains & fees $0
Additional noninterest income -$79
Total noninterest expense $4,692
Salaries and employee benefits $2,532
Premises and equipment expense $601
Additional noninterest expense $1,559
Pre-tax net operating income $2,179
Securities gains (losses) $9
Applicable income taxes $2
Income before extraordinary items $2,186
Extraordinary gains - net $0
Net income attributable to bank $2,186
Net charge-offs $0
Cash dividends $2,186
Sale, conversion, retirement of capital stock, net $219
Net operating income $2,350
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.57%
Cost of funding earning assets 1.02%
Net interest margin 3.55%
Noninterest income to earning assets 0.29%
Noninterest expense to earning assets 2.70%
Net operating income to assets 1.14%
Return on assets (ROA) 1.15%
Pretax return on assets 1.15%
Return on equity (ROE) 9.55%
Retained earnings to average equity (YTD only) -0.72%
Net charge-offs to loans 0.21%
Credit loss provision to net charge-offs -96.80%
Efficiency ratio8.98%
Assets per employee$66,842
Cash dividends to net income (YTD only)4.28%
Condition Ratios (%)
Loss allowance to loans 107.50%
Loss allowance to noncurrent loans 1.37%
Noncurrent assets plus other real estate owned to assets 154.66%
Noncurrent loans to loans 1.68%
Net loans and leases to deposits0.89%
Net loans and leases to core deposits 61.34%
Equity capital to assets 65.43%
Core capital (leverage) ratio 11.64%
Tier 1 risk-based capital ratio 8.88%
Total risk-based capital ratio 13.86%
Memoranda
Average assets$15
Average earning assets$190,586
Average equity $22,893
Average loans $173,727
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4 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03527Minnesota National BankMain And Sinclair Lewis, Sauk Centre, MN 56378September 11, 1902Full Service Brick and Mortar
1207404Coborns Branch214 12th Street, Sauk Centre, MN 56378October 20, 1998Full Service Retail
26505Long Prairie Branch706 South Lake Street, Long Prairie, MN 56347Febuary 01, 1917Full Service Brick and Mortar
3272547Pelican Rapids Branch1001 South Broadway, Pelican Rapids, MN 56572January 01, 1930Full Service Brick and Mortar
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