The First National Bank in Wadena in Wadena, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank in Wadena - Overview

  • General
  • FDIC Certificate #: 5268
    Status: Active
    Federal Reserve ID: 774655
    Bank Holding Company (Regulatory Top Holder): First National Bank In Wadena Employee Stock Ownership Plan And Trust, The (RSSDID: 3519316, Location: Wadena, MN)
    Date Established: January 01, 1892
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 13380
    FDIC's unique #: 3539
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 25 Bryant Avenue, S.W., Wadena, MN 56482
    County: Wadena
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $54.6 mil
    Equity capital: $5.2 mil
    Deposits held in domestic offices: $49.3 mil
    Return on assets (ROA): 0.61% ($0.3 mil)
    Quarterly return on assets: 0.73% ($0.4 mil)
    Return on Equity (ROE): 6.77% ($0.3 mil)
    Quarterly return on equity: 7.66% ($0.4 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.80% ($437.1 mil)
    Quarterly Pretax return on assets: 0.99% ($541.0 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
  • 19Total employees (full-time equivalent)
  • $54,643Total assets
  • $6,795Cash and due from depository institutions
  • $4,979Interest-bearing balances
  • $14,009Securities
  • $200Federal funds sold & reverse repurchase agreements
  • $31,880Net loans & leases
  • $436Loan loss allowance
  • $0Trading account assets
  • $609Bank premises and fixed assets
  • $288Other real estate owned
  • $0Goodwill and other intangibles
  • $54,643Life insurance assets
  • $862All other assets
  • $49,479Total liabilities and capital
  • $49,334Total liabilities
  • $40,417Total deposits
  • $49,334Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $145Subordinated debt
  • $5,164All other liabilities
  • $5,164Total equity capital
  • $5,164Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $200Surplus
  • $4,814Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $274Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,411Income earned, not collected on loans
  • $111Earning assets
  • $358Long-term assets (5+ years)
  • $51,068Average Assets, year-to-date
  • $18,078Average Assets, quarterly
  • $55,157Volatile liabilities
  • $54,338Insider loans
  • $31,135FHLB advances
  • $55,381Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,870Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $882Restructured Loans and leases
  • $630Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,487Total interest income
  • $446Total interest expense
  • $2,041Net interest income
  • $25Provision for loan and lease losses
  • $293Total noninterest income
  • $0Fiduciary activities
  • $167Service charges on deposit accounts
  • $0Trading account gains & fees
  • $126Additional noninterest income
  • $1,824Total noninterest expense
  • $982Salaries and employee benefits
  • $157Premises and equipment expense
  • $685Additional noninterest expense
  • $485Pre-tax net operating income
  • -$41Securities gains (losses)
  • $110Applicable income taxes
  • $334Income before extraordinary items
  • $0Extraordinary gains - net
  • $334Net income attributable to bank
  • $0Net charge-offs
  • $334Cash dividends
  • -$72Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.61%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 6.77%Return on equity (ROE)
  • 6.77%Retained earnings to average equity (YTD only)
  • -0.22%Net charge-offs to loans
  • -34.72%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 78,149Assets per employee
  • 2.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 30.90%Noncurrent assets plus other real estate owned to assets
  • 3.11%Noncurrent loans to loans
  • 4.37%Net loans and leases to deposits
  • 64.62%Net loans and leases to core deposits
  • 65.77%Equity capital to assets
  • 9.45%Core capital (leverage) ratio
  • 8.79%Tier 1 risk-based capital ratio
  • 15.64%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $55,157Average earning assets
  • $4,937Average equity
  • $50,568Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03539The First National Bank In Wadena25 Bryant Avenue, S.W., Wadena, MN 56482January 01, 1892Full Service Brick and Mortar

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