Minnesota National Bank in Sauk Centre, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Minnesota National Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Participated in Absorption/Consolidation/Merger
    Name Change
  • Financial Summary
  • Total 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
  • 46Total employees (full-time equivalent)
  • $196,871Total assets
  • $23,464Cash and due from depository institutions
  • $19,073Interest-bearing balances
  • $58,146Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $102,417Net loans & leases
  • $1,426Loan loss allowance
  • $0Trading account assets
  • $2,952Bank premises and fixed assets
  • $2,392Other real estate owned
  • $4,877Goodwill and other intangibles
  • $196,871Life insurance assets
  • $2,623All other assets
  • $173,948Total liabilities and capital
  • $166,975Total liabilities
  • $144,380Total deposits
  • $166,975Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 6059.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $261Trading liabilities
  • $0Other borrowed funds
  • $653Subordinated debt
  • $22,923All other liabilities
  • $22,923Total equity capital
  • $22,923Total bank equity capital
  • $0Perpetual preferred stock
  • $895Common stock
  • $13,701Surplus
  • $8,327Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $922Income earned, not collected on loans
  • $29Earning assets
  • $812Long-term assets (5+ years)
  • $179,636Average Assets, year-to-date
  • $27,588Average Assets, quarterly
  • $190,586Volatile liabilities
  • $194,179Insider loans
  • $121,227FHLB advances
  • $189,096Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,797Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,450Restructured Loans and leases
  • $3,070Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,939Total interest income
  • $1,779Total interest expense
  • $6,160Net interest income
  • -$212Provision for loan and lease losses
  • $499Total noninterest income
  • $0Fiduciary activities
  • $578Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$79Additional noninterest income
  • $4,692Total noninterest expense
  • $2,532Salaries and employee benefits
  • $601Premises and equipment expense
  • $1,559Additional noninterest expense
  • $2,179Pre-tax net operating income
  • $9Securities gains (losses)
  • $2Applicable income taxes
  • $2,186Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,186Net income attributable to bank
  • $0Net charge-offs
  • $2,186Cash dividends
  • $219Sale, conversion, retirement of capital stock, net
  • $2,350Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.57%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.15%Return on assets (ROA)
  • 1.15%Pretax return on assets
  • 9.55%Return on equity (ROE)
  • -0.72%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • -96.80%Credit loss provision to net charge-offs
  • 8.98%Efficiency ratio
  • 66,842Assets per employee
  • 4.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 107.50%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 154.66%Noncurrent assets plus other real estate owned to assets
  • 1.68%Noncurrent loans to loans
  • 0.89%Net loans and leases to deposits
  • 61.34%Net loans and leases to core deposits
  • 65.43%Equity capital to assets
  • 11.64%Core capital (leverage) ratio
  • 8.88%Tier 1 risk-based capital ratio
  • 13.86%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $190,586Average earning assets
  • $22,893Average equity
  • $173,727Average loans

List of branches

  • 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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