Northwoods Bank of Minnesota in Park Rapids, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Northwoods Bank of Minnesota in Park Rapids, Minnesota (MN)
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Northwoods Bank of Minnesota - Overview

  • General
  • FDIC Certificate #: 1415
    Status: Active
    Federal Reserve ID: 284752
    Date Established: September 19, 1919
    WWW: http://www.northwoodsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 14810
    FDIC's unique #: 935
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1200 East First Street, Park Rapids, MN 56470
    County: Hubbard
    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
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $109.8 mil
    Equity capital: $12.2 mil
    Deposits held in domestic offices: $92.0 mil
    Return on assets (ROA): 0.46% ($0.5 mil)
    Quarterly return on assets: -0.10% (-$0.1 mil)
    Return on Equity (ROE): 4.45% ($0.5 mil)
    Quarterly return on equity: -0.89% (-$0.1 mil)
    Net income: $0.5 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.47% ($516.0 mil)
    Quarterly Pretax return on assets: -0.09% (-$98.8 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
  • 40Total employees (full-time equivalent)
  • $109,789Total assets
  • $5,865Cash and due from depository institutions
  • $3,298Interest-bearing balances
  • $34,164Securities
  • $3Federal funds sold & reverse repurchase agreements
  • $58,172Net loans & leases
  • $820Loan loss allowance
  • $0Trading account assets
  • $3,874Bank premises and fixed assets
  • $2,580Other real estate owned
  • $351Goodwill and other intangibles
  • $109,791Life insurance assets
  • $4,780All other assets
  • $97,628Total liabilities and capital
  • $91,988Total liabilities
  • $82,580Total deposits
  • $91,988Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 182.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,061Trading liabilities
  • $0Other borrowed funds
  • $397Subordinated debt
  • $12,163All other liabilities
  • $12,163Total equity capital
  • $12,163Total bank equity capital
  • $0Perpetual preferred stock
  • $238Common stock
  • $1,273Surplus
  • $10,652Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,486Income earned, not collected on loans
  • $0Earning assets
  • $582Long-term assets (5+ years)
  • $95,637Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $112,920Volatile liabilities
  • $112,203Insider loans
  • $67,581FHLB advances
  • $108,749Loans and leases held for sale
  • $217Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,123Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,143Restructured Loans and leases
  • $897Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,225Total interest income
  • $1,292Total interest expense
  • $3,933Net interest income
  • $702Provision for loan and lease losses
  • $885Total noninterest income
  • $0Fiduciary activities
  • $399Service charges on deposit accounts
  • $0Trading account gains & fees
  • $486Additional noninterest income
  • $3,722Total noninterest expense
  • $2,089Salaries and employee benefits
  • $583Premises and equipment expense
  • $1,050Additional noninterest expense
  • $394Pre-tax net operating income
  • $132Securities gains (losses)
  • $4Applicable income taxes
  • $522Income before extraordinary items
  • $0Extraordinary gains - net
  • $522Net income attributable to bank
  • $0Net charge-offs
  • $522Cash dividends
  • $607Sale, conversion, retirement of capital stock, net
  • $345Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.33%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 4.01%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 3.80%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 4.45%Return on equity (ROE)
  • 1.51%Retained earnings to average equity (YTD only)
  • 0.97%Net charge-offs to loans
  • 115.65%Credit loss provision to net charge-offs
  • 1.81%Efficiency ratio
  • 74,554Assets per employee
  • 2.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.09%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 23.52%Noncurrent assets plus other real estate owned to assets
  • 5.53%Noncurrent loans to loans
  • 5.91%Net loans and leases to deposits
  • 63.24%Net loans and leases to core deposits
  • 70.17%Equity capital to assets
  • 11.08%Core capital (leverage) ratio
  • 10.23%Tier 1 risk-based capital ratio
  • 16.46%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $112,920Average earning assets
  • $11,729Average equity
  • $98,006Average loans

List of branches

  • 5 Minnesota Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0935Northwoods Bank Of Minnesota1200 East First Street, Park Rapids, MN 56470September 19, 1919Full Service Brick and Mortar
    1189476Detached FacilityFirst Street, Park Rapids, MN 56470July 24, 1978Limited Service Facility
    3189478Bunyan Trails Branch112 Bunyan Trails, Nevis, MN 56467June 30, 1998Full Service Brick and Mortar
    4189479Pine City Branch1015 Hillside Avenue Sw, Pine City, MN 55063June 30, 1998Full Service Brick and Mortar
    5494903Rush City Branch260 West 4th Street, Rush City, MN 55069Febuary 01, 1999Full Service Brick and Mortar

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