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

This bank is inactive as of October 25, 1996

  • Northern National Bank in Bemidji, Minnesota (MN)
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Northern National Bank - Overview

  • General
  • FDIC Certificate #: 13811
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Norwest Bank North Country, National Association (#34175)
    Federal Reserve ID: 394754
    Date Established: January 01, 1906
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    OTS Docket #: 11831
    FDIC's unique #: 8634
    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 31, 1934
    Last Structure Change Effective Date: October 25, 1996
    Last Structure Change Process Date: January 10, 1997
    Last Data Update: January 10, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 Third Street, Bemidji, MN 56601
    County: Beltrami
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Bemidji, MN (#13420)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $180.3 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)
  • $59Total assets
  • $138,539Cash and due from depository institutions
  • $4,372Interest-bearing balances
  • $99Securities
  • $39,006Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $92,033Loan loss allowance
  • $1,018Trading account assets
  • $0Bank premises and fixed assets
  • $1,815Other real estate owned
  • $142Goodwill and other intangibles
  • $1,158Life insurance assets
  • $13All other assets
  • $0Total liabilities and capital
  • $138,539Total liabilities
  • $127,241Total deposits
  • $111,264Interest-bearing deposits
  • $97,389Deposits held in domestic offices
  • 111264.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $13,313Trading liabilities
  • $0Other borrowed funds
  • $1,667Subordinated debt
  • $0All other liabilities
  • $997Total equity capital
  • $997Total bank equity capital
  • $11,298Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $2,393Undivided profits
  • Memoranda
  • $8,705Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $564Income earned, not collected on loans
  • $575Earning assets
  • $131,138Long-term assets (5+ years)
  • $23,579Average Assets, year-to-date
  • $129,387Average Assets, quarterly
  • $137,169Volatile liabilities
  • $19,715Insider loans
  • $3,828FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $10,384Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,975Total risk weighted assets
  • $90,244Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,596Total interest expense
  • $4,988Net interest income
  • $5,608Provision for loan and lease losses
  • $60Total noninterest income
  • $739Fiduciary activities
  • $0Service charges on deposit accounts
  • $465Trading account gains & fees
  • $18Additional noninterest income
  • $256Total noninterest expense
  • $3,432Salaries and employee benefits
  • $1,792Premises and equipment expense
  • $479Additional noninterest expense
  • $1,161Pre-tax net operating income
  • $2,855Securities gains (losses)
  • -$16Applicable income taxes
  • $992Income before extraordinary items
  • $1,847Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,847Net charge-offs
  • $26Cash dividends
  • $1,165Sale, 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
  • 8.68%Cost of funding earning assets
  • 4.09%Net interest margin
  • 4.59%Noninterest income to earning assets
  • 0.61%Noninterest expense to earning assets
  • 2.81%Net operating income to assets
  • 1.44%Return on assets (ROA)
  • 1.43%Pretax return on assets
  • 2.19%Return on equity (ROE)
  • 17.75%Retained earnings to average equity (YTD only)
  • 6.56%Net charge-offs to loans
  • 0.03%Credit loss provision to net charge-offs
  • 230.77%Efficiency ratio
  • 53,868Assets per employee
  • 2.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 63.08%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 180.50%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 0.61%Net loans and leases to deposits
  • 82.72%Net loans and leases to core deposits
  • 87.63%Equity capital to assets
  • 8.16%Core capital (leverage) ratio
  • 8.01%Tier 1 risk-based capital ratio
  • 12.16%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $129,387Average earning assets
  • $10,403Average equity
  • $122,048Average loans

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