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

The First National Bank of Battle Lake - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 14Total employees (full-time equivalent)
  • $65,842Total assets
  • $1,310Cash and due from depository institutions
  • $70Interest-bearing balances
  • $30,602Securities
  • $2,160Federal funds sold & reverse repurchase agreements
  • $29,253Net loans & leases
  • $280Loan loss allowance
  • $0Trading account assets
  • $970Bank premises and fixed assets
  • $650Other real estate owned
  • $0Goodwill and other intangibles
  • $65,842Life insurance assets
  • $897All other assets
  • $57,814Total liabilities and capital
  • $57,699Total liabilities
  • $52,573Total deposits
  • $57,699Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $115Subordinated debt
  • $8,028All other liabilities
  • $8,028Total equity capital
  • $8,028Total bank equity capital
  • $0Perpetual preferred stock
  • $52Common stock
  • $623Surplus
  • $7,353Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $172Income earned, not collected on loans
  • $0Earning assets
  • $466Long-term assets (5+ years)
  • $62,085Average Assets, year-to-date
  • $28,622Average Assets, quarterly
  • $63,579Volatile liabilities
  • $65,570Insider loans
  • $37,845FHLB advances
  • $62,099Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,723Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,697Restructured Loans and leases
  • $255Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,814Total interest income
  • $678Total interest expense
  • $2,136Net interest income
  • $56Provision for loan and lease losses
  • $427Total noninterest income
  • $0Fiduciary activities
  • $135Service charges on deposit accounts
  • $0Trading account gains & fees
  • $292Additional noninterest income
  • $1,643Total noninterest expense
  • $776Salaries and employee benefits
  • $224Premises and equipment expense
  • $643Additional noninterest expense
  • $864Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • $863Income before extraordinary items
  • $0Extraordinary gains - net
  • $863Net income attributable to bank
  • $0Net charge-offs
  • $863Cash dividends
  • $139Sale, conversion, retirement of capital stock, net
  • $499Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.70%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 3.57%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 2.74%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 11.72%Return on equity (ROE)
  • 4.94%Retained earnings to average equity (YTD only)
  • 0.47%Net charge-offs to loans
  • 40.29%Credit loss provision to net charge-offs
  • 6.62%Efficiency ratio
  • 64,105Assets per employee
  • 4.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 57.82%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 162.79%Noncurrent assets plus other real estate owned to assets
  • 1.25%Noncurrent loans to loans
  • 0.58%Net loans and leases to deposits
  • 50.70%Net loans and leases to core deposits
  • 54.25%Equity capital to assets
  • 12.19%Core capital (leverage) ratio
  • 10.83%Tier 1 risk-based capital ratio
  • 17.76%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $63,579Average earning assets
  • $7,363Average equity
  • $59,891Average loans

List of branches

  • 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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