The First National Bank of Battle Lake in Battle Lake, Minnesota (MN)

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The First National Bank of Battle Lake routing number info

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The First National Bank of Battle Lake
GeneralFDIC Certificate #: 5090
Status: Active
Federal Reserve ID: 333052
Bank Holding Company (Regulatory Top Holder): Henning Bancshares, Inc. (RSSDID: 1125290, Location: Henning, MN)
Date Established: January 01, 1907
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)
FDIC's unique #: 3401
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: 101 Lake Avenue South, Battle Lake, MN 56515
County: Otter Tail
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
Core Based Statistical Area (CBSA): Fergus Falls, MN (#22260)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $65.8 mil
Equity capital: $8.0 mil
Deposits held in domestic offices: $57.7 mil
Return on assets (ROA): 1.36% ($0.9 mil)
Quarterly return on assets: 1.33% ($0.9 mil)
Return on Equity (ROE): 11.72% ($0.9 mil)
Quarterly return on equity: 10.98% ($0.9 mil)
Net income: $0.9 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.36% ($895.5 mil)
Quarterly Pretax return on assets: 1.33% ($875.7 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)14
Total assets$65,842
Cash and due from depository institutions$1,310
Interest-bearing balances$70
Federal funds sold & reverse repurchase agreements$2,160
Net loans & leases$29,253
Loan loss allowance $280
Trading account assets$0
Bank premises and fixed assets$970
Other real estate owned$650
Goodwill and other intangibles$0
All other assets$897
Life insurance assets$65,842
Total liabilities and capital$57,814
Total liabilities$57,699
Total deposits$52,573
Interest-bearing deposits$57,699
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $115
All other liabilities $8,028
Total equity capital$8,028
Total bank equity capital$8,028
Perpetual preferred stock$0
Common stock$52
Undivided profits $7,353
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 $172
Earning assets $0
Long-term assets (5+ years) $466
Average Assets, year-to-date $62,085
Average Assets, quarterly $28,622
Volatile liabilities $63,579
Insider loans $65,570
FHLB advances $37,845
Loans and leases held for sale $62,099
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $6,723
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,697
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,814
Total interest expense $678
Net interest income $2,136
Provision for loan and lease losses $56
Total noninterest income $427
Fiduciary activities $0
Service charges on deposit accounts $135
Trading account gains & fees $0
Additional noninterest income $292
Total noninterest expense $1,643
Salaries and employee benefits $776
Premises and equipment expense $224
Additional noninterest expense $643
Pre-tax net operating income $864
Securities gains (losses) $0
Applicable income taxes $1
Income before extraordinary items $863
Extraordinary gains - net $0
Net income attributable to bank $863
Net charge-offs $0
Cash dividends $863
Sale, conversion, retirement of capital stock, net $139
Net operating income $499
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.70%
Cost of funding earning assets 1.13%
Net interest margin 3.57%
Noninterest income to earning assets 0.71%
Noninterest expense to earning assets 2.74%
Net operating income to assets 1.36%
Return on assets (ROA) 1.36%
Pretax return on assets 1.36%
Return on equity (ROE) 11.72%
Retained earnings to average equity (YTD only) 4.94%
Net charge-offs to loans 0.47%
Credit loss provision to net charge-offs 40.29%
Efficiency ratio6.62%
Assets per employee$64,105
Cash dividends to net income (YTD only)4.70%
Condition Ratios (%)
Loss allowance to loans 57.82%
Loss allowance to noncurrent loans 0.95%
Noncurrent assets plus other real estate owned to assets 162.79%
Noncurrent loans to loans 1.25%
Net loans and leases to deposits0.58%
Net loans and leases to core deposits 50.70%
Equity capital to assets 54.25%
Core capital (leverage) ratio 12.19%
Tier 1 risk-based capital ratio 10.83%
Total risk-based capital ratio 17.76%
Average assets$19
Average earning assets$63,579
Average equity $7,363
Average loans $59,891
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03401The First National Bank Of Battle La101 Lake Avenue South, Battle Lake, MN 56515January 01, 1907Full Service Brick and Mortar
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