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


The First National Bank of Elk River - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 76Total employees (full-time equivalent)
  • $309,833Total assets
  • $46,942Cash and due from depository institutions
  • $41,044Interest-bearing balances
  • $70,164Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $166,679Net loans & leases
  • $4,058Loan loss allowance
  • $0Trading account assets
  • $5,223Bank premises and fixed assets
  • $5,268Other real estate owned
  • $1,096Goodwill and other intangibles
  • $309,832Life insurance assets
  • $14,461All other assets
  • $281,425Total liabilities and capital
  • $236,089Total liabilities
  • $199,807Total deposits
  • $236,089Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 14439.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $30,418Trading liabilities
  • $0Other borrowed funds
  • $479Subordinated debt
  • $28,407All other liabilities
  • $28,407Total equity capital
  • $28,407Total bank equity capital
  • $0Perpetual preferred stock
  • $551Common stock
  • $23,361Surplus
  • $4,495Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $566Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,278Income earned, not collected on loans
  • $137Earning assets
  • $682Long-term assets (5+ years)
  • $277,887Average Assets, year-to-date
  • $30,338Average Assets, quarterly
  • $310,879Volatile liabilities
  • $309,086Insider loans
  • $195,993FHLB advances
  • $309,651Loans and leases held for sale
  • $10,632Unused loan commitments
  • $10,632Tier 1 (core) risk-based capital
  • $26,832Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $34,817Restructured Loans and leases
  • $6,198Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,662Total interest income
  • $3,546Total interest expense
  • $8,116Net interest income
  • $2,075Provision for loan and lease losses
  • $1,793Total noninterest income
  • $0Fiduciary activities
  • $740Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,053Additional noninterest income
  • $11,251Total noninterest expense
  • $5,577Salaries and employee benefits
  • $2,025Premises and equipment expense
  • $3,649Additional noninterest expense
  • -$3,417Pre-tax net operating income
  • $1,271Securities gains (losses)
  • $0Applicable income taxes
  • -$2,146Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,146Net income attributable to bank
  • $0Net charge-offs
  • -$2,146Cash dividends
  • $3,307Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.18%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 2.91%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 4.04%Noninterest expense to earning assets
  • -1.10%Net operating income to assets
  • -0.69%Return on assets (ROA)
  • -0.69%Pretax return on assets
  • -7.47%Return on equity (ROE)
  • -7.47%Retained earnings to average equity (YTD only)
  • 1.86%Net charge-offs to loans
  • 62.75%Credit loss provision to net charge-offs
  • -0.41%Efficiency ratio
  • 113,543Assets per employee
  • 4.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.38%Loss allowance to noncurrent loans
  • 35.98%Noncurrent assets plus other real estate owned to assets
  • 5.34%Noncurrent loans to loans
  • 6.61%Net loans and leases to deposits
  • 70.60%Net loans and leases to core deposits
  • 74.46%Equity capital to assets
  • 9.17%Core capital (leverage) ratio
  • 8.67%Tier 1 risk-based capital ratio
  • 13.69%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $310,879Average earning assets
  • $28,725Average equity
  • $278,700Average loans

List of branches

  • 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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