The First National Bank in Wadena in Wadena, Minnesota (MN)

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The First National Bank in Wadena
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)19
Total assets$54,643
Cash and due from depository institutions$6,795
Interest-bearing balances$4,979
Federal funds sold & reverse repurchase agreements$200
Net loans & leases$31,880
Loan loss allowance $436
Trading account assets$0
Bank premises and fixed assets$609
Other real estate owned$288
Goodwill and other intangibles$0
All other assets$862
Life insurance assets$54,643
Total liabilities and capital$49,479
Total liabilities$49,334
Total deposits$40,417
Interest-bearing deposits$49,334
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $145
All other liabilities $5,164
Total equity capital$5,164
Total bank equity capital$5,164
Perpetual preferred stock$0
Common stock$150
Undivided profits $4,814
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $274
Income earned, not collected on loans $1,411
Earning assets $111
Long-term assets (5+ years) $358
Average Assets, year-to-date $51,068
Average Assets, quarterly $18,078
Volatile liabilities $55,157
Insider loans $54,338
FHLB advances $31,135
Loans and leases held for sale $55,381
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $4,870
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $882
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,487
Total interest expense $446
Net interest income $2,041
Provision for loan and lease losses $25
Total noninterest income $293
Fiduciary activities $0
Service charges on deposit accounts $167
Trading account gains & fees $0
Additional noninterest income $126
Total noninterest expense $1,824
Salaries and employee benefits $982
Premises and equipment expense $157
Additional noninterest expense $685
Pre-tax net operating income $485
Securities gains (losses) -$41
Applicable income taxes $110
Income before extraordinary items $334
Extraordinary gains - net $0
Net income attributable to bank $334
Net charge-offs $0
Cash dividends $334
Sale, conversion, retirement of capital stock, net -$72
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.92%
Cost of funding earning assets 0.88%
Net interest margin 4.04%
Noninterest income to earning assets 0.58%
Noninterest expense to earning assets 3.61%
Net operating income to assets 0.66%
Return on assets (ROA) 0.61%
Pretax return on assets 0.80%
Return on equity (ROE) 6.77%
Retained earnings to average equity (YTD only) 6.77%
Net charge-offs to loans -0.22%
Credit loss provision to net charge-offs -34.72%
Efficiency ratio0.00%
Assets per employee$78,149
Cash dividends to net income (YTD only)2.88%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.35%
Noncurrent assets plus other real estate owned to assets 30.90%
Noncurrent loans to loans 3.11%
Net loans and leases to deposits4.37%
Net loans and leases to core deposits 64.62%
Equity capital to assets 65.77%
Core capital (leverage) ratio 9.45%
Tier 1 risk-based capital ratio 8.79%
Total risk-based capital ratio 15.64%
Average assets$17
Average earning assets$55,157
Average equity $4,937
Average loans $50,568
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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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