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

The First National Bank of Deerwood - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Office Purchased
  • Financial Summary
  • Total 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
  • 67Total employees (full-time equivalent)
  • $230,075Total assets
  • $25,083Cash and due from depository institutions
  • $17,437Interest-bearing balances
  • $31,343Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $152,983Net loans & leases
  • $1,810Loan loss allowance
  • $0Trading account assets
  • $9,918Bank premises and fixed assets
  • $3,024Other real estate owned
  • $3,680Goodwill and other intangibles
  • $230,075Life insurance assets
  • $4,044All other assets
  • $203,301Total liabilities and capital
  • $194,458Total liabilities
  • $150,465Total deposits
  • $194,458Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 874.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,621Trading liabilities
  • $0Other borrowed funds
  • $1,348Subordinated debt
  • $26,774All other liabilities
  • $26,774Total equity capital
  • $26,774Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $17,191Surplus
  • $9,383Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $909Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,783Income earned, not collected on loans
  • $0Earning assets
  • $795Long-term assets (5+ years)
  • $201,763Average Assets, year-to-date
  • $14,693Average Assets, quarterly
  • $231,873Volatile liabilities
  • $230,470Insider loans
  • $175,133FHLB advances
  • $229,714Loans and leases held for sale
  • $1,286Unused loan commitments
  • $1,286Tier 1 (core) risk-based capital
  • $23,027Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,841Restructured Loans and leases
  • $4,528Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,124Total interest income
  • $1,268Total interest expense
  • $8,856Net interest income
  • $1,075Provision for loan and lease losses
  • $3,182Total noninterest income
  • $0Fiduciary activities
  • $810Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,372Additional noninterest income
  • $8,948Total noninterest expense
  • $3,739Salaries and employee benefits
  • $1,250Premises and equipment expense
  • $3,959Additional noninterest expense
  • $2,015Pre-tax net operating income
  • -$70Securities gains (losses)
  • $5Applicable income taxes
  • $1,940Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,940Net income attributable to bank
  • $0Net charge-offs
  • $1,940Cash dividends
  • $1,627Sale, conversion, retirement of capital stock, net
  • $1,991Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.93%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 4.32%Net interest margin
  • 1.55%Noninterest income to earning assets
  • 4.36%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 0.84%Pretax return on assets
  • 7.23%Return on equity (ROE)
  • -0.19%Retained earnings to average equity (YTD only)
  • 0.99%Net charge-offs to loans
  • 66.07%Credit loss provision to net charge-offs
  • 1.90%Efficiency ratio
  • 71,075Assets per employee
  • 3.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 102.63%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 37.84%Noncurrent assets plus other real estate owned to assets
  • 3.39%Noncurrent loans to loans
  • 3.09%Net loans and leases to deposits
  • 78.67%Net loans and leases to core deposits
  • 80.95%Equity capital to assets
  • 11.64%Core capital (leverage) ratio
  • 10.02%Tier 1 risk-based capital ratio
  • 13.15%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $231,873Average earning assets
  • $26,833Average equity
  • $205,185Average loans

List of branches

  • 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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