Northern National Bank in Pelican Rapids, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 15, 1996

  • Northern National Bank in Pelican Rapids, Minnesota (MN)
  • Show street view No street view available for this location

Northern National Bank - Overview

  • General
  • FDIC Certificate #: 11412
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Norwest Bank North Country, National Association (#34175)
    Federal Reserve ID: 785352
    Date Established: January 01, 1882
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 10467
    FDIC's unique #: 7286
    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: January 01, 1934
    Last Structure Change Effective Date: November 15, 1996
    Last Structure Change Process Date: January 10, 1997
    Last Data Update: January 10, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 11 South Broadway, Pelican Rapids, MN 56572
    County: Otter Tail
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Fergus Falls, MN (#22260)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $64.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $32Total assets
  • $64,695Cash and due from depository institutions
  • $2,969Interest-bearing balances
  • $0Securities
  • $17,567Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $42,869Loan loss allowance
  • $572Trading account assets
  • $0Bank premises and fixed assets
  • $680Other real estate owned
  • $10Goodwill and other intangibles
  • $600Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $64,695Total liabilities
  • $59,518Total deposits
  • $53,956Interest-bearing deposits
  • $48,722Deposits held in domestic offices
  • 53956.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $3,501Trading liabilities
  • $0Other borrowed funds
  • $1,635Subordinated debt
  • $0All other liabilities
  • $426Total equity capital
  • $426Total bank equity capital
  • $5,177Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $3,400Undivided profits
  • Memoranda
  • $1,677Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $495Income earned, not collected on loans
  • $305Earning assets
  • $60,436Long-term assets (5+ years)
  • $8,334Average Assets, year-to-date
  • $64,318Average Assets, quarterly
  • $65,046Volatile liabilities
  • $8,219Insider loans
  • $725FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $5,609Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,088Total risk weighted assets
  • $41,729Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,267Total interest expense
  • $2,322Net interest income
  • $2,945Provision for loan and lease losses
  • $0Total noninterest income
  • $405Fiduciary activities
  • $0Service charges on deposit accounts
  • $203Trading account gains & fees
  • $0Additional noninterest income
  • $202Total noninterest expense
  • $1,778Salaries and employee benefits
  • $1,046Premises and equipment expense
  • $232Additional noninterest expense
  • $500Pre-tax net operating income
  • $1,572Securities gains (losses)
  • $5Applicable income taxes
  • $532Income before extraordinary items
  • $1,045Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,045Net charge-offs
  • $15Cash dividends
  • $1,986Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.79%Cost of funding earning assets
  • 3.88%Net interest margin
  • 4.92%Noninterest income to earning assets
  • 0.68%Noninterest expense to earning assets
  • 2.97%Net operating income to assets
  • 1.62%Return on assets (ROA)
  • 1.62%Pretax return on assets
  • 2.45%Return on equity (ROE)
  • 19.48%Retained earnings to average equity (YTD only)
  • -17.54%Net charge-offs to loans
  • 0.04%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 53,075Assets per employee
  • 2.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 190.05%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 115.56%Noncurrent assets plus other real estate owned to assets
  • 0.78%Noncurrent loans to loans
  • 1.14%Net loans and leases to deposits
  • 79.45%Net loans and leases to core deposits
  • 85.10%Equity capital to assets
  • 8.00%Core capital (leverage) ratio
  • 7.80%Tier 1 risk-based capital ratio
  • 12.19%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $64,318Average earning assets
  • $5,364Average equity
  • $59,917Average loans

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