The First National Bank of Elk River in Maple Lake, Minnesota (MN)



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The First National Bank of Elk River routing number info

Table of contents:
The First National Bank of Elk River
GeneralFDIC Certificate #: 5136
Status: Active
Federal Reserve ID: 970055
Bank Holding Company (Regulatory Top Holder): First National Financial Services Inc. (RSSDID: 1125357, Location: Elk River, MN)
Date Established: January 01, 1907
WWW: http://www.firstnationalfinancial.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: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 9793
FDIC's unique #: 3437
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: June 02, 2011
Last Structure Change Process Date: June 02, 2011
Last Data Update: June 02, 2011
Data Source Date: April 05, 2012
LocationAddress: 100 State Highway 55 East, Maple Lake, MN 55358
County: Wright
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
Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
History of ChangesChange in Location
Financial SummaryTotal assets: $309.8 mil
Equity capital: $28.4 mil
Deposits held in domestic offices: $236.1 mil
Return on assets (ROA): -0.69% (-$2.1 mil)
Quarterly return on assets: 0.15% ($0.5 mil)
Return on Equity (ROE): -7.47% (-$2.1 mil)
Quarterly return on equity: 1.61% ($0.5 mil)
Net income: -$2.1 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: -0.69% (-$2,137.8 mil)
Quarterly Pretax return on assets: 0.15% ($464.7 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)76
Total assets$309,833
Cash and due from depository institutions$46,942
Interest-bearing balances$41,044
Securities$70,164
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$166,679
Loan loss allowance $4,058
Trading account assets$0
Bank premises and fixed assets$5,223
Other real estate owned$5,268
Goodwill and other intangibles$1,096
All other assets$14,461
Life insurance assets$309,832
Total liabilities and capital$281,425
Total liabilities$236,089
Total deposits$199,807
Interest-bearing deposits$236,089
Deposits held in domestic offices$86
% insured (estimated)14439.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$30,418
Other borrowed funds $0
Subordinated debt $479
All other liabilities $28,407
Total equity capital$28,407
Total bank equity capital$28,407
Perpetual preferred stock$0
Common stock$551
Surplus$23,361
Undivided profits $4,495
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $566
Income earned, not collected on loans $11,278
Earning assets $137
Long-term assets (5+ years) $682
Average Assets, year-to-date $277,887
Average Assets, quarterly $30,338
Volatile liabilities $310,879
Insider loans $309,086
FHLB advances $195,993
Loans and leases held for sale $309,651
Unused loan commitments $10,632
Tier 1 (core) risk-based capital $10,632
Tier 2 risk-based capital $26,832
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $34,817
Derivatives$6,198
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,662
Total interest expense $3,546
Net interest income $8,116
Provision for loan and lease losses $2,075
Total noninterest income $1,793
Fiduciary activities $0
Service charges on deposit accounts $740
Trading account gains & fees $0
Additional noninterest income $1,053
Total noninterest expense $11,251
Salaries and employee benefits $5,577
Premises and equipment expense $2,025
Additional noninterest expense $3,649
Pre-tax net operating income -$3,417
Securities gains (losses) $1,271
Applicable income taxes $0
Income before extraordinary items -$2,146
Extraordinary gains - net $0
Net income attributable to bank -$2,146
Net charge-offs $0
Cash dividends -$2,146
Sale, conversion, retirement of capital stock, net $3,307
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.18%
Cost of funding earning assets 1.27%
Net interest margin 2.91%
Noninterest income to earning assets 0.64%
Noninterest expense to earning assets 4.04%
Net operating income to assets -1.10%
Return on assets (ROA) -0.69%
Pretax return on assets -0.69%
Return on equity (ROE) -7.47%
Retained earnings to average equity (YTD only) -7.47%
Net charge-offs to loans 1.86%
Credit loss provision to net charge-offs 62.75%
Efficiency ratio-0.41%
Assets per employee$113,543
Cash dividends to net income (YTD only)4.08%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.38%
Noncurrent assets plus other real estate owned to assets 35.98%
Noncurrent loans to loans 5.34%
Net loans and leases to deposits6.61%
Net loans and leases to core deposits 70.60%
Equity capital to assets 74.46%
Core capital (leverage) ratio 9.17%
Tier 1 risk-based capital ratio 8.67%
Total risk-based capital ratio 13.69%
Memoranda
Average assets$15
Average earning assets$310,879
Average equity $28,725
Average loans $278,700
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5 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03437The First National Bank Of Elk River100 State Highway 55 East, Maple Lake, MN 55358January 01, 1907Full Service Brick and Mortar
2207247Anoka Branch1121 West Highway 10, Anoka, MN 55303May 01, 1992Full Service Brick and Mortar
4207249Elk Park Center Branch19157 Freeport Avenue, Elk River, MN 55330April 27, 1995Full Service Brick and Mortar
5207250Hassan Branch14115 James Road, Rogers, MN 55374April 06, 1998Full Service Brick and Mortar
71289Maple Lake Branch100 State Highway 55 East, Maple Lake, MN 55358January 01, 1907Full Service Brick and Mortar
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