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

This bank is inactive as of December 03, 2006

  • The First National Bank of Deer River in Deer River, Minnesota (MN)
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The First National Bank of Deer River - Overview

  • General
  • FDIC Certificate #: 5122
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Northview Bank (#10956)
    Federal Reserve ID: 121857
    Date Established: May 14, 1908
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 15517
    FDIC's unique #: 3426
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 03, 2006
    Last Structure Change Process Date: December 19, 2006
    Last Data Update: December 19, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 216 4th Street Se, Deer River, MN 56636
    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: $15.6 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, 2005)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $14,056Total assets
  • $2,759Cash and due from depository institutions
  • $1,783Interest-bearing balances
  • $1,872Securities
  • $245Federal funds sold & reverse repurchase agreements
  • $8,980Net loans & leases
  • $261Loan loss allowance
  • $0Trading account assets
  • $28Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $172All other assets
  • $14,056Total liabilities and capital
  • $11,712Total liabilities
  • $11,642Total deposits
  • $8,330Interest-bearing deposits
  • $11,642Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $70All other liabilities
  • $2,344Total equity capital
  • $2,344Total bank equity capital
  • $2,344Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $113Undivided profits
  • Memoranda
  • $2,131Noncurrent loans and leases
  • $419Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $48Earning assets
  • $0Long-term assets (5+ years)
  • $46Average Assets, year-to-date
  • $12,880Average Assets, quarterly
  • $2,024Volatile liabilities
  • $15,133Insider loans
  • $14,363FHLB advances
  • $221Loans and leases held for sale
  • $640Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $419Total unused commitments
  • $0Restructured Loans and leases
  • $106Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $824Total interest income
  • $130Total interest expense
  • $694Net interest income
  • $0Provision for loan and lease losses
  • $132Total noninterest income
  • $0Fiduciary activities
  • $79Service charges on deposit accounts
  • $0Trading account gains & fees
  • $53Additional noninterest income
  • $756Total noninterest expense
  • $468Salaries and employee benefits
  • $65Premises and equipment expense
  • $223Additional noninterest expense
  • $70Pre-tax net operating income
  • $0Securities gains (losses)
  • $19Applicable income taxes
  • $51Income before extraordinary items
  • $0Extraordinary gains - net
  • $51Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$5Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.98%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 5.04%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 5.49%Noninterest expense to earning assets
  • 0.34%Net operating income to assets
  • 0.34%Return on assets (ROA)
  • 0.46%Pretax return on assets
  • 2.20%Return on equity (ROE)
  • 2.20%Retained earnings to average equity (YTD only)
  • -0.05%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 91,525Assets per employee
  • 1.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.82%Loss allowance to noncurrent loans
  • 543.75%Noncurrent assets plus other real estate owned to assets
  • 0.34%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 77.13%Net loans and leases to core deposits
  • 78.63%Equity capital to assets
  • 16.68%Core capital (leverage) ratio
  • 15.65%Tier 1 risk-based capital ratio
  • 28.37%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $15,133Average earning assets
  • $2,321Average equity
  • $13,770Average loans

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