The First National Bank of Deerwood in Deerwood, Minnesota (MN)

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The First National Bank of Deerwood routing number info

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The First National Bank of Deerwood
GeneralFDIC Certificate #: 5123
Status: Active
Federal Reserve ID: 314257
Bank Holding Company (Regulatory Top Holder): Deerwood Bancshares, Inc. (RSSDID: 2499082, Location: Deerwood, MN)
Date Established: March 21, 1910
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: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 12699
FDIC's unique #: 3427
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: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 05, 2008
Last Structure Change Process Date: September 02, 2009
Last Data Update: September 02, 2009
Data Source Date: April 05, 2012
LocationAddress: 21236 Archibald Road, Deerwood, MN 56444
County: Crow Wing
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Minneapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Brainerd, MN (#14660)
CBSA Micro Statistical Area: Yes
History of ChangesOffice Purchased
Financial SummaryTotal assets: $230.1 mil
Equity capital: $26.8 mil
Deposits held in domestic offices: $194.5 mil
Return on assets (ROA): 0.84% ($1.9 mil)
Quarterly return on assets: 0.49% ($1.1 mil)
Return on Equity (ROE): 7.23% ($2.0 mil)
Quarterly return on equity: 4.18% ($1.1 mil)
Net income: $1.9 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.84% ($1,932.6 mil)
Quarterly Pretax return on assets: 0.49% ($1,127.4 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)
Total employees (full-time equivalent)67
Total assets$230,075
Cash and due from depository institutions$25,083
Interest-bearing balances$17,437
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$152,983
Loan loss allowance $1,810
Trading account assets$0
Bank premises and fixed assets$9,918
Other real estate owned$3,024
Goodwill and other intangibles$3,680
All other assets$4,044
Life insurance assets$230,075
Total liabilities and capital$203,301
Total liabilities$194,458
Total deposits$150,465
Interest-bearing deposits$194,458
Deposits held in domestic offices$86
% insured (estimated)874.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,621
Other borrowed funds $0
Subordinated debt $1,348
All other liabilities $26,774
Total equity capital$26,774
Total bank equity capital$26,774
Perpetual preferred stock$0
Common stock$200
Undivided profits $9,383
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $909
Income earned, not collected on loans $4,783
Earning assets $0
Long-term assets (5+ years) $795
Average Assets, year-to-date $201,763
Average Assets, quarterly $14,693
Volatile liabilities $231,873
Insider loans $230,470
FHLB advances $175,133
Loans and leases held for sale $229,714
Unused loan commitments $1,286
Tier 1 (core) risk-based capital $1,286
Tier 2 risk-based capital $23,027
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $25,841
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,124
Total interest expense $1,268
Net interest income $8,856
Provision for loan and lease losses $1,075
Total noninterest income $3,182
Fiduciary activities $0
Service charges on deposit accounts $810
Trading account gains & fees $0
Additional noninterest income $2,372
Total noninterest expense $8,948
Salaries and employee benefits $3,739
Premises and equipment expense $1,250
Additional noninterest expense $3,959
Pre-tax net operating income $2,015
Securities gains (losses) -$70
Applicable income taxes $5
Income before extraordinary items $1,940
Extraordinary gains - net $0
Net income attributable to bank $1,940
Net charge-offs $0
Cash dividends $1,940
Sale, conversion, retirement of capital stock, net $1,627
Net operating income $1,991
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.93%
Cost of funding earning assets 0.62%
Net interest margin 4.32%
Noninterest income to earning assets 1.55%
Noninterest expense to earning assets 4.36%
Net operating income to assets 0.87%
Return on assets (ROA) 0.84%
Pretax return on assets 0.84%
Return on equity (ROE) 7.23%
Retained earnings to average equity (YTD only) -0.19%
Net charge-offs to loans 0.99%
Credit loss provision to net charge-offs 66.07%
Efficiency ratio1.90%
Assets per employee$71,075
Cash dividends to net income (YTD only)3.43%
Condition Ratios (%)
Loss allowance to loans 102.63%
Loss allowance to noncurrent loans 1.17%
Noncurrent assets plus other real estate owned to assets 37.84%
Noncurrent loans to loans 3.39%
Net loans and leases to deposits3.09%
Net loans and leases to core deposits 78.67%
Equity capital to assets 80.95%
Core capital (leverage) ratio 11.64%
Tier 1 risk-based capital ratio 10.02%
Total risk-based capital ratio 13.15%
Average assets$14
Average earning assets$231,873
Average equity $26,833
Average loans $205,185
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8 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03427The First National Bank Of Deerwood21236 Archibald Road, Deerwood, MN 56444March 21, 1910Full Service Brick and Mortar
1207118Garrison Branch9451 Madison Street, Garrison, MN 56450Febuary 05, 1979Full Service Brick and Mortar
3238143Bemidji Branch1350 Paul Bunyan Drive Nw, Bemidji, MN 56601November 03, 1997Full Service Brick and Mortar
59142Northome Branch12080 Main Street, Northome, MN 56661January 01, 1903Full Service Brick and Mortar
6231831Blackduck Branch16 Summit Avenue West, Blackduck, MN 56630December 16, 1996Full Service Brick and Mortar
10493495Brainerd Office Branch611 Washington St Ne, Brainerd, MN 56401December 01, 2008Full Service Brick and Mortar
11422527Baxter Branch14986 Lynwood Dr, Baxter, MN 56425June 01, 1997Full Service Brick and Mortar
12528861Grand Rapids Branch2950 Us Highway 169, Grand Rapids, MN 55744Febuary 06, 2012Full Service Brick and Mortar
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