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

The First National Bank of Bagley - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 23Total employees (full-time equivalent)
  • $79,901Total assets
  • $13,287Cash and due from depository institutions
  • $6,933Interest-bearing balances
  • $22,025Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $38,885Net loans & leases
  • $452Loan loss allowance
  • $0Trading account assets
  • $2,622Bank premises and fixed assets
  • $334Other real estate owned
  • $164Goodwill and other intangibles
  • $79,901Life insurance assets
  • $1,584All other assets
  • $72,821Total liabilities and capital
  • $71,905Total liabilities
  • $57,506Total deposits
  • $71,905Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $916Subordinated debt
  • $7,080All other liabilities
  • $7,080Total equity capital
  • $7,080Total bank equity capital
  • $0Perpetual preferred stock
  • $125Common stock
  • $125Surplus
  • $6,830Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $323Income earned, not collected on loans
  • $0Earning assets
  • $590Long-term assets (5+ years)
  • $68,843Average Assets, year-to-date
  • $16,080Average Assets, quarterly
  • $73,572Volatile liabilities
  • $76,504Insider loans
  • $57,410FHLB advances
  • $76,941Loans and leases held for sale
  • $446Unused loan commitments
  • $446Tier 1 (core) risk-based capital
  • $5,665Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,126Restructured Loans and leases
  • $830Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,341Total interest income
  • $583Total interest expense
  • $2,758Net interest income
  • $180Provision for loan and lease losses
  • $464Total noninterest income
  • $0Fiduciary activities
  • $290Service charges on deposit accounts
  • $0Trading account gains & fees
  • $174Additional noninterest income
  • $2,584Total noninterest expense
  • $1,381Salaries and employee benefits
  • $511Premises and equipment expense
  • $692Additional noninterest expense
  • $458Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • $456Income before extraordinary items
  • $0Extraordinary gains - net
  • $456Net income attributable to bank
  • $0Net charge-offs
  • $456Cash dividends
  • $161Sale, conversion, retirement of capital stock, net
  • $450Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.23%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 4.32%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 4.05%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.62%Pretax return on assets
  • 6.50%Return on equity (ROE)
  • 0.09%Retained earnings to average equity (YTD only)
  • 0.42%Net charge-offs to loans
  • 111.80%Credit loss provision to net charge-offs
  • 3.96%Efficiency ratio
  • 80,199Assets per employee
  • 3.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.68%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 139.94%Noncurrent assets plus other real estate owned to assets
  • 0.82%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 54.08%Net loans and leases to core deposits
  • 56.23%Equity capital to assets
  • 8.86%Core capital (leverage) ratio
  • 7.36%Tier 1 risk-based capital ratio
  • 9.87%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $73,572Average earning assets
  • $7,019Average equity
  • $63,842Average loans

List of branches

  • 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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