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

The First National Bank of Coleraine - Overview

  • 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
    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)

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
  • 18Total employees (full-time equivalent)
  • $74,226Total assets
  • $1,611Cash and due from depository institutions
  • $0Interest-bearing balances
  • $41,794Securities
  • $3,000Federal funds sold & reverse repurchase agreements
  • $24,183Net loans & leases
  • $195Loan loss allowance
  • $0Trading account assets
  • $2,488Bank premises and fixed assets
  • $51Other real estate owned
  • $0Goodwill and other intangibles
  • $74,226Life insurance assets
  • $1,099All other assets
  • $68,265Total liabilities and capital
  • $67,873Total liabilities
  • $59,785Total deposits
  • $67,873Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $392Subordinated debt
  • $5,961All other liabilities
  • $5,961Total equity capital
  • $5,961Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $500Surplus
  • $5,261Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $386Long-term assets (5+ years)
  • $68,977Average Assets, year-to-date
  • $30,475Average Assets, quarterly
  • $71,924Volatile liabilities
  • $73,473Insider loans
  • $30,472FHLB advances
  • $73,030Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,334Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,271Restructured Loans and leases
  • $96Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,706Total interest income
  • $759Total interest expense
  • $1,947Net interest income
  • $24Provision for loan and lease losses
  • $301Total noninterest income
  • $0Fiduciary activities
  • $111Service charges on deposit accounts
  • $0Trading account gains & fees
  • $190Additional noninterest income
  • $1,855Total noninterest expense
  • $980Salaries and employee benefits
  • $330Premises and equipment expense
  • $545Additional noninterest expense
  • $369Pre-tax net operating income
  • $90Securities gains (losses)
  • $69Applicable income taxes
  • $390Income before extraordinary items
  • $0Extraordinary gains - net
  • $390Net income attributable to bank
  • $0Net charge-offs
  • $390Cash dividends
  • $72Sale, conversion, retirement of capital stock, net
  • $220Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.04%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 2.90%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 6.86%Return on equity (ROE)
  • 2.99%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 33.33%Credit loss provision to net charge-offs
  • 5.46%Efficiency ratio
  • 82,518Assets per employee
  • 4.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.41%Loss allowance to loans
  • 0.80%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 35.63%Net loans and leases to core deposits
  • 38.65%Equity capital to assets
  • 8.03%Core capital (leverage) ratio
  • 7.30%Tier 1 risk-based capital ratio
  • 17.50%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $71,924Average earning assets
  • $5,682Average equity
  • $67,024Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03423The First National Bank Of Coleraine423 Roosevelt Street, Coleraine, MN 55722January 01, 1906Full Service Brick and Mortar
    1207113The La Prairie Bank Branch1220 East Highway 169, La Prairie, MN 55744September 17, 1981Full Service Brick and Mortar

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