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

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

  • General
  • FDIC Certificate #: 5142
    Status: Active
    Federal Reserve ID: 938354
    Bank Holding Company (Regulatory Top Holder): Fort Ridgely National Bancorporation, Inc. (RSSDID: 2131373, Location: Fairfax, MN)
    Date Established: January 01, 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: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 3442
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 01, 2010
    Last Data Update: June 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 18 S.E. First Ave, Fairfax, MN 55332
    County: Renville
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $29.3 mil
    Equity capital: $10.5 mil
    Deposits held in domestic offices: $18.8 mil
    Return on assets (ROA): 1.06% ($0.3 mil)
    Quarterly return on assets: -0.57% (-$0.2 mil)
    Return on Equity (ROE): 2.81% ($0.3 mil)
    Quarterly return on equity: -1.52% (-$0.2 mil)
    Net income: $0.3 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 1.06% ($310.5 mil)
    Quarterly Pretax return on assets: -0.57% (-$167.0 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
  • 7Total employees (full-time equivalent)
  • $29,293Total assets
  • $4,429Cash and due from depository institutions
  • $3,500Interest-bearing balances
  • $145Securities
  • $1,900Federal funds sold & reverse repurchase agreements
  • $22,192Net loans & leases
  • $395Loan loss allowance
  • $0Trading account assets
  • $76Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $29,293Life insurance assets
  • $551All other assets
  • $18,782Total liabilities and capital
  • $18,769Total liabilities
  • $11,823Total deposits
  • $18,769Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $13Subordinated debt
  • $10,511All other liabilities
  • $10,511Total equity capital
  • $10,511Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $159Surplus
  • $10,252Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $311Income earned, not collected on loans
  • $0Earning assets
  • $434Long-term assets (5+ years)
  • $27,737Average Assets, year-to-date
  • $1,973Average Assets, quarterly
  • $27,395Volatile liabilities
  • $28,136Insider loans
  • $29,698FHLB advances
  • $27,578Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,511Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,417Restructured Loans and leases
  • $542Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,269Total interest income
  • $97Total interest expense
  • $1,172Net interest income
  • $50Provision for loan and lease losses
  • $86Total noninterest income
  • $0Fiduciary activities
  • $71Service charges on deposit accounts
  • $0Trading account gains & fees
  • $15Additional noninterest income
  • $917Total noninterest expense
  • $479Salaries and employee benefits
  • $186Premises and equipment expense
  • $252Additional noninterest expense
  • $291Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $291Income before extraordinary items
  • $0Extraordinary gains - net
  • $291Net income attributable to bank
  • $0Net charge-offs
  • $291Cash dividends
  • $7Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.86%Yield on earning assets
  • 0.37%Cost of funding earning assets
  • 4.49%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • 1.06%Net operating income to assets
  • 1.06%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 2.81%Return on equity (ROE)
  • 2.81%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 714.29%Credit loss provision to net charge-offs
  • 48.71%Efficiency ratio
  • 72,893Assets per employee
  • 4.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.75%Loss allowance to noncurrent loans
  • 127.01%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 1.38%Net loans and leases to deposits
  • 118.24%Net loans and leases to core deposits
  • 118.24%Equity capital to assets
  • 35.88%Core capital (leverage) ratio
  • 38.11%Tier 1 risk-based capital ratio
  • 35.39%Total risk-based capital ratio
  • Memoranda
  • $37Average assets
  • $27,395Average earning assets
  • $10,351Average equity
  • $26,103Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03442The First National Bank Of Fairfax18 S.E. First Ave, Fairfax, MN 55332January 01, 1910Full Service Brick and Mortar

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