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

This bank is inactive as of December 13, 1996

Northern National Bank in Baxter, Minnesota (MN)
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Northern National Bank - Overview

General
FDIC Certificate #: 22322
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Norwest Bank North Country, National Association (#34175)
Federal Reserve ID: 104458
Date Established: August 17, 1976
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 15531
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: August 17, 1976
Last Structure Change Effective Date: December 13, 1996
Last Structure Change Process Date: January 10, 1997
Last Data Update: January 10, 1997
Data Source Date: April 05, 2012
Location
Address: 1031 Tank Road North, Baxter, MN 56401
County: Crow Wing
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
Core Based Statistical Area (CBSA): Brainerd, MN (#14660)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $51.9 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)
$34Total assets
$50,624Cash and due from depository institutions
$2,254Interest-bearing balances
$0Securities
$4,257Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$36,021Loan loss allowance
$483Trading account assets
$0Bank premises and fixed assets
$2,035Other real estate owned
$391Goodwill and other intangibles
$496Life insurance assets
$5,170All other assets
$0Total liabilities and capital
$50,624Total liabilities
$40,663Total deposits
$38,574Interest-bearing deposits
$32,279Deposits held in domestic offices
38574.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$1,447Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$642Total equity capital
$642Total bank equity capital
$9,961Perpetual preferred stock
$0Common stock
$500Surplus
$9,492Undivided profits
Memoranda
$-31Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$735Income earned, not collected on loans
$261Earning assets
$40,278Long-term assets (5+ years)
$4,217Average Assets, year-to-date
$46,988Average Assets, quarterly
$50,291Volatile liabilities
$5,797Insider loans
$0FHLB advances
$0Loans and leases held for sale
$328Unused loan commitments
$4,119Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,747Total risk weighted assets
$37,162Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$1,745Total interest expense
$719Net interest income
$1,026Provision for loan and lease losses
$124Total noninterest income
$168Fiduciary activities
$0Service charges on deposit accounts
$92Trading account gains & fees
$0Additional noninterest income
$76Total noninterest expense
$1,129Salaries and employee benefits
$421Premises and equipment expense
$176Additional noninterest expense
$532Pre-tax net operating income
-$59Securities gains (losses)
$0Applicable income taxes
$16Income before extraordinary items
-$75Extraordinary gains - net
$0Net income attributable to bank
-$75Net charge-offs
$239Cash dividends
$0Sale, 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
4.32%Cost of funding earning assets
1.78%Net interest margin
2.54%Noninterest income to earning assets
0.42%Noninterest expense to earning assets
2.79%Net operating income to assets
-0.16%Return on assets (ROA)
-0.16%Pretax return on assets
-0.13%Return on equity (ROE)
-1.15%Retained earnings to average equity (YTD only)
-1.15%Net charge-offs to loans
0.66%Credit loss provision to net charge-offs
51.88%Efficiency ratio
85,343Assets per employee
1.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
65.71%Noncurrent assets plus other real estate owned to assets
2.22%Noncurrent loans to loans
2.01%Net loans and leases to deposits
93.38%Net loans and leases to core deposits
105.25%Equity capital to assets
19.68%Core capital (leverage) ratio
10.45%Tier 1 risk-based capital ratio
12.77%Total risk-based capital ratio
Memoranda
$14Average assets
$46,988Average earning assets
$6,494Average equity
$40,399Average loans

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