The First National Bank of Coleraine in Coleraine, Minnesota (MN)
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| The First National Bank of Coleraine | |
|---|---|
| General | FDIC Certificate #: 5117 Status: Active Federal Reserve ID: 311658 Bank Holding Company (Regulatory Top Holder): Jan-Mar Corp. (RSSDID: 1122217, Location: Coleraine, MN) Date Established: January 01, 1906 WWW: http://www.colerainebank.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: 2 (Domestic: 2, Interstate: No) OTS Docket #: 12953 FDIC's unique #: 3423 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: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 01, 2010 Last Structure Change Process Date: June 01, 2010 Last Data Update: June 01, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 423 Roosevelt Street, Coleraine, MN 55722 County: Itasca 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 |
| Financial Summary | Total assets: $74.2 mil Equity capital: $6.0 mil Deposits held in domestic offices: $67.9 mil Return on assets (ROA): 0.54% ($0.4 mil) Quarterly return on assets: 0.50% ($0.4 mil) Return on Equity (ROE): 6.86% ($0.4 mil) Quarterly return on equity: 6.08% ($0.4 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.64% ($475.0 mil) Quarterly Pretax return on assets: 0.62% ($460.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 18 |
| Total assets | $74,226 |
| Cash and due from depository institutions | $1,611 |
| Interest-bearing balances | $0 |
| Securities | $41,794 |
| Federal funds sold & reverse repurchase agreements | $3,000 |
| Net loans & leases | $24,183 |
| Loan loss allowance | $195 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,488 |
| Other real estate owned | $51 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,099 |
| Life insurance assets | $74,226 |
| Total liabilities and capital | $68,265 |
| Total liabilities | $67,873 |
| Total deposits | $59,785 |
| Interest-bearing deposits | $67,873 |
| Deposits held in domestic offices | $82 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $392 |
| All other liabilities | $5,961 |
| Total equity capital | $5,961 |
| Total bank equity capital | $5,961 |
| Perpetual preferred stock | $0 |
| Common stock | $200 |
| Surplus | $500 |
| Undivided profits | $5,261 |
| 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 | $0 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $386 |
| Average Assets, year-to-date | $68,977 |
| Average Assets, quarterly | $30,475 |
| Volatile liabilities | $71,924 |
| Insider loans | $73,473 |
| FHLB advances | $30,472 |
| Loans and leases held for sale | $73,030 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $5,334 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,271 |
| Derivatives | $96 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,706 |
| Total interest expense | $759 |
| Net interest income | $1,947 |
| Provision for loan and lease losses | $24 |
| Total noninterest income | $301 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $111 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $190 |
| Total noninterest expense | $1,855 |
| Salaries and employee benefits | $980 |
| Premises and equipment expense | $330 |
| Additional noninterest expense | $545 |
| Pre-tax net operating income | $369 |
| Securities gains (losses) | $90 |
| Applicable income taxes | $69 |
| Income before extraordinary items | $390 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $390 |
| Net charge-offs | $0 |
| Cash dividends | $390 |
| Sale, conversion, retirement of capital stock, net | $72 |
| Net operating income | $220 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.04% |
| Cost of funding earning assets | 1.13% |
| Net interest margin | 2.90% |
| Noninterest income to earning assets | 0.45% |
| Noninterest expense to earning assets | 2.77% |
| Net operating income to assets | 0.44% |
| Return on assets (ROA) | 0.54% |
| Pretax return on assets | 0.64% |
| Return on equity (ROE) | 6.86% |
| Retained earnings to average equity (YTD only) | 2.99% |
| Net charge-offs to loans | 0.29% |
| Credit loss provision to net charge-offs | 33.33% |
| Efficiency ratio | 5.46% |
| Assets per employee | $82,518 |
| Cash dividends to net income (YTD only) | 4.12% |
| Condition Ratios (%) | |
| Loss allowance to loans | 56.41% |
| Loss allowance to noncurrent loans | 0.80% |
| Noncurrent assets plus other real estate owned to assets | 0.00% |
| Noncurrent loans to loans | 0.07% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 35.63% |
| Equity capital to assets | 38.65% |
| Core capital (leverage) ratio | 8.03% |
| Tier 1 risk-based capital ratio | 7.30% |
| Total risk-based capital ratio | 17.50% |
| Memoranda | |
| Average assets | $18 |
| Average earning assets | $71,924 |
| Average equity | $5,682 |
| Average loans | $67,024 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 3423 | The First National Bank Of Coleraine | 423 Roosevelt Street, Coleraine, MN 55722 | January 01, 1906 | Full Service Brick and Mortar |  |
| 1 | 207113 | The La Prairie Bank Branch | 1220 East Highway 169, La Prairie, MN 55744 | September 17, 1981 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.