The First National Bank of Bagley in Bagley, Minnesota (MN)



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The First National Bank of Bagley routing number info

Table of contents:
The First National Bank of Bagley
GeneralFDIC Certificate #: 5087
Status: Active
Federal Reserve ID: 392255
Bank Holding Company (Regulatory Top Holder): First National Agency Of Bagley, Inc. (RSSDID: 1122413, Location: Fosston, MN)
Date Established: June 02, 1903
WWW: http://www.fnbbagley.com
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: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 3399
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: Yes
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: 31 Central Street East, Bagley, MN 56621
County: Clearwater
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $79.9 mil
Equity capital: $7.1 mil
Deposits held in domestic offices: $71.9 mil
Return on assets (ROA): 0.62% ($0.5 mil)
Quarterly return on assets: 0.57% ($0.5 mil)
Return on Equity (ROE): 6.50% ($0.5 mil)
Quarterly return on equity: 5.98% ($0.4 mil)
Net income: $0.5 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.62% ($495.4 mil)
Quarterly Pretax return on assets: 0.57% ($455.4 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)23
Total assets$79,901
Cash and due from depository institutions$13,287
Interest-bearing balances$6,933
Securities$22,025
Federal funds sold & reverse repurchase agreements$1,000
Net loans & leases$38,885
Loan loss allowance $452
Trading account assets$0
Bank premises and fixed assets$2,622
Other real estate owned$334
Goodwill and other intangibles$164
All other assets$1,584
Life insurance assets$79,901
Total liabilities and capital$72,821
Total liabilities$71,905
Total deposits$57,506
Interest-bearing deposits$71,905
Deposits held in domestic offices$78
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $916
All other liabilities $7,080
Total equity capital$7,080
Total bank equity capital$7,080
Perpetual preferred stock$0
Common stock$125
Surplus$125
Undivided profits $6,830
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $323
Earning assets $0
Long-term assets (5+ years) $590
Average Assets, year-to-date $68,843
Average Assets, quarterly $16,080
Volatile liabilities $73,572
Insider loans $76,504
FHLB advances $57,410
Loans and leases held for sale $76,941
Unused loan commitments $446
Tier 1 (core) risk-based capital $446
Tier 2 risk-based capital $5,665
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,126
Derivatives$830
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,341
Total interest expense $583
Net interest income $2,758
Provision for loan and lease losses $180
Total noninterest income $464
Fiduciary activities $0
Service charges on deposit accounts $290
Trading account gains & fees $0
Additional noninterest income $174
Total noninterest expense $2,584
Salaries and employee benefits $1,381
Premises and equipment expense $511
Additional noninterest expense $692
Pre-tax net operating income $458
Securities gains (losses) $0
Applicable income taxes $2
Income before extraordinary items $456
Extraordinary gains - net $0
Net income attributable to bank $456
Net charge-offs $0
Cash dividends $456
Sale, conversion, retirement of capital stock, net $161
Net operating income $450
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.23%
Cost of funding earning assets 0.91%
Net interest margin 4.32%
Noninterest income to earning assets 0.73%
Noninterest expense to earning assets 4.05%
Net operating income to assets 0.62%
Return on assets (ROA) 0.62%
Pretax return on assets 0.62%
Return on equity (ROE) 6.50%
Retained earnings to average equity (YTD only) 0.09%
Net charge-offs to loans 0.42%
Credit loss provision to net charge-offs 111.80%
Efficiency ratio3.96%
Assets per employee$80,199
Cash dividends to net income (YTD only)3.47%
Condition Ratios (%)
Loss allowance to loans 98.68%
Loss allowance to noncurrent loans 1.15%
Noncurrent assets plus other real estate owned to assets 139.94%
Noncurrent loans to loans 0.82%
Net loans and leases to deposits0.82%
Net loans and leases to core deposits 54.08%
Equity capital to assets 56.23%
Core capital (leverage) ratio 8.86%
Tier 1 risk-based capital ratio 7.36%
Total risk-based capital ratio 9.87%
Memoranda
Average assets$11
Average earning assets$73,572
Average equity $7,019
Average loans $63,842
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3 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03399The First National Bank Of Bagley31 Central Street East, Bagley, MN 56621June 02, 1903Full Service Brick and Mortar
16230Fosston Branch124 West First Street, Fosston, MN 56542January 01, 1908Full Service Brick and Mortar
2419035Wilton BranchSw Corner Of U.S. Hwy 2 And County State Aid Hwy 14, Wilton, MN 56601March 03, 2003Full Service Brick and Mortar
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