The First National Bank of Bemidji in Bemidji, Minnesota (MN)
| The First National Bank of Bemidji | |
|---|---|
| General | FDIC Certificate #: 5093 Status: Active Federal Reserve ID: 363657 Bank Holding Company (Regulatory Top Holder): First National Bank Of Bemidji Esop And Trust (RSSDID: 1248546, Location: Bemidji, MN) Date Established: November 27, 1897 WWW: http://www.fnbbemidji.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: 4 (Domestic: 4, Interstate: No) FDIC's unique #: 3403 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: Febuary 19, 2008 Last Structure Change Process Date: May 30, 2008 Last Data Update: May 30, 2008 Data Source Date: April 05, 2012 |
| Location | Address: 1600 Paul Bunyan Dr, Bemidji, MN 56601 County: Beltrami 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 Core Based Statistical Area (CBSA): Bemidji, MN (#13420) CBSA Micro Statistical Area: Yes |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $555.6 mil Equity capital: $78.4 mil Deposits held in domestic offices: $442.4 mil Return on assets (ROA): 1.88% ($10.5 mil) Quarterly return on assets: 1.60% ($8.9 mil) Return on Equity (ROE): 13.72% ($10.7 mil) Quarterly return on equity: 11.36% ($8.9 mil) Net income: $10.1 mil Quarterly Net income: $2.2 mil Pretax return on assets: 1.88% ($10,445.8 mil) Quarterly Pretax return on assets: 1.60% ($8,890.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 105 |
| Total assets | $555,629 |
| Cash and due from depository institutions | $27,642 |
| Interest-bearing balances | $19,661 |
| Securities | $236,110 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $265,246 |
| Loan loss allowance | $2,324 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $12,277 |
| Other real estate owned | $2,690 |
| Goodwill and other intangibles | $351 |
| All other assets | $11,313 |
| Life insurance assets | $555,629 |
| Total liabilities and capital | $477,239 |
| Total liabilities | $442,450 |
| Total deposits | $385,473 |
| Interest-bearing deposits | $442,450 |
| Deposits held in domestic offices | $82 |
| % insured (estimated) | 33461.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,328 |
| All other liabilities | $78,390 |
| Total equity capital | $78,390 |
| Total bank equity capital | $78,390 |
| Perpetual preferred stock | $0 |
| Common stock | $3,000 |
| Surplus | $3,000 |
| Undivided profits | $72,390 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $526 |
| Income earned, not collected on loans | $3,227 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,428 |
| Average Assets, year-to-date | $521,017 |
| Average Assets, quarterly | $176,733 |
| Volatile liabilities | $538,900 |
| Insider loans | $553,998 |
| FHLB advances | $307,050 |
| Loans and leases held for sale | $559,505 |
| Unused loan commitments | $5,896 |
| Tier 1 (core) risk-based capital | $5,896 |
| Tier 2 risk-based capital | $70,475 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $12,037 |
| Derivatives | $4,435 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $24,585 |
| Total interest expense | $6,439 |
| Net interest income | $18,146 |
| Provision for loan and lease losses | $300 |
| Total noninterest income | $2,579 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $977 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,602 |
| Total noninterest expense | $10,318 |
| Salaries and employee benefits | $5,839 |
| Premises and equipment expense | $1,399 |
| Additional noninterest expense | $3,080 |
| Pre-tax net operating income | $10,107 |
| Securities gains (losses) | $15 |
| Applicable income taxes | $5 |
| Income before extraordinary items | $10,117 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $10,117 |
| Net charge-offs | $0 |
| Cash dividends | $10,117 |
| Sale, conversion, retirement of capital stock, net | $457 |
| Net operating income | $5,979 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.85% |
| Cost of funding earning assets | 1.27% |
| Net interest margin | 3.58% |
| Noninterest income to earning assets | 0.51% |
| Noninterest expense to earning assets | 2.04% |
| Net operating income to assets | 1.87% |
| Return on assets (ROA) | 1.88% |
| Pretax return on assets | 1.88% |
| Return on equity (ROE) | 13.72% |
| Retained earnings to average equity (YTD only) | 5.61% |
| Net charge-offs to loans | 0.16% |
| Credit loss provision to net charge-offs | 65.65% |
| Efficiency ratio | 22.77% |
| Assets per employee | $49,785 |
| Cash dividends to net income (YTD only) | 5.29% |
| Condition Ratios (%) | |
| Loss allowance to loans | 59.10% |
| Loss allowance to noncurrent loans | 0.87% |
| Noncurrent assets plus other real estate owned to assets | 72.02% |
| Noncurrent loans to loans | 1.06% |
| Net loans and leases to deposits | 1.21% |
| Net loans and leases to core deposits | 59.95% |
| Equity capital to assets | 64.68% |
| Core capital (leverage) ratio | 14.11% |
| Tier 1 risk-based capital ratio | 12.60% |
| Total risk-based capital ratio | 22.95% |
| Memoranda | |
| Average assets | $24 |
| Average earning assets | $538,900 |
| Average equity | $73,753 |
| Average loans | $506,984 |
| 4 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 3403 | The First National Bank Of Bemidji | 1600 Paul Bunyan Dr, Bemidji, MN 56601 | November 27, 1897 | Full Service Brick and Mortar |  |
| 2 | 207104 | Express Branch | 429 Minnesota Avenue, Bemidji, MN 56619 | December 15, 1987 | Full Service Brick and Mortar |  |
| 3 | 334407 | South Branch | 607 Washington Avenue S, Bemidji, MN 56601 | May 05, 2000 | Full Service Brick and Mortar | |
| 4 | 429937 | Fnbbemidji.Com Branch | 502 Minnesota Ave, Bemidji, MN 56619 | June 30, 2004 | Full Service Cyber | |
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