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

This bank is inactive as of October 19, 2009

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

Northern National Bank - Overview

  • General
  • FDIC Certificate #: 34592
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Frandsen Bank & Trust (#1399)
    Federal Reserve ID: 2582032
    Date Established: October 10, 1997
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 60756
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: October 10, 1997
    Last Structure Change Effective Date: October 19, 2009
    Last Structure Change Process Date: November 18, 2009
    Last Data Update: November 18, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 24110 Smiley Road, Nisswa, MN 56468
    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: $106.1 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, 2008)

  • Dollar figures in thousands
  • 27Total employees (full-time equivalent)
  • $129,093Total assets
  • $4,852Cash and due from depository institutions
  • $0Interest-bearing balances
  • $20,538Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $85,956Net loans & leases
  • $1,491Loan loss allowance
  • $0Trading account assets
  • $270Bank premises and fixed assets
  • $758Other real estate owned
  • $14,785Goodwill and other intangibles
  • $0Life insurance assets
  • $1,934All other assets
  • $129,093Total liabilities and capital
  • $104,208Total liabilities
  • $85,617Total deposits
  • $71,492Interest-bearing deposits
  • $85,617Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,397Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $16,737Other borrowed funds
  • $0Subordinated debt
  • $457All other liabilities
  • $24,885Total equity capital
  • $24,885Total bank equity capital
  • $24,885Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $23,817Undivided profits
  • Memoranda
  • $968Noncurrent loans and leases
  • $17,569Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,786Earning assets
  • $0Long-term assets (5+ years)
  • $435Average Assets, year-to-date
  • $106,494Average Assets, quarterly
  • $16,480Volatile liabilities
  • $138,784Insider loans
  • $133,645FHLB advances
  • $28,193Loans and leases held for sale
  • $47Unused loan commitments
  • $9,185Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $17,569Total unused commitments
  • $112Restructured Loans and leases
  • $1,074Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $4,341Total interest income
  • $1,157Total interest expense
  • $3,184Net interest income
  • $890Provision for loan and lease losses
  • $608Total noninterest income
  • $0Fiduciary activities
  • $130Service charges on deposit accounts
  • $0Trading account gains & fees
  • $478Additional noninterest income
  • $2,265Total noninterest expense
  • $1,081Salaries and employee benefits
  • $438Premises and equipment expense
  • $746Additional noninterest expense
  • $637Pre-tax net operating income
  • $1Securities gains (losses)
  • $2Applicable income taxes
  • $636Income before extraordinary items
  • $0Extraordinary gains - net
  • $636Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,044Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.56%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 2.61%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 1.86%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.46%Pretax return on assets
  • 3.48%Return on equity (ROE)
  • 3.48%Retained earnings to average equity (YTD only)
  • 1.03%Net charge-offs to loans
  • 85.25%Credit loss provision to net charge-offs
  • 1.46%Efficiency ratio
  • 59,731Assets per employee
  • 4.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 53.52%Noncurrent assets plus other real estate owned to assets
  • 2.75%Noncurrent loans to loans
  • 3.19%Net loans and leases to deposits
  • 100.40%Net loans and leases to core deposits
  • 125.28%Equity capital to assets
  • 19.28%Core capital (leverage) ratio
  • 8.31%Tier 1 risk-based capital ratio
  • 11.42%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $138,784Average earning assets
  • $18,285Average equity
  • $122,023Average loans

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