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


The First National Bank of Gilbert - Overview

  • General
  • FDIC Certificate #: 5150
    Status: Active
    Federal Reserve ID: 975452
    Date Established: October 26, 1908
    WWW: http://www.gilbertbank.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: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 3450
    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: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 North Broadway, Gilbert, MN 55741
    County: St. Louis
    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): Duluth-Superior, MN-WI (#2240)
    Core Based Statistical Area (CBSA): Duluth, MN-WI (#20260)
    CBSA Metro Statistical Area: Duluth, MN-WI (#20260)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $26.7 mil
    Equity capital: $3.6 mil
    Deposits held in domestic offices: $22.8 mil
    Return on assets (ROA): 0.28% ($0.1 mil)
    Quarterly return on assets: -0.02% (-$0.0 mil)
    Return on Equity (ROE): 2.01% ($0.1 mil)
    Quarterly return on equity: -0.11% (-$0.0 mil)
    Net income: $0.1 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.20% ($53.5 mil)
    Quarterly Pretax return on assets: 0.15% ($40.1 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
  • 11Total employees (full-time equivalent)
  • $26,745Total assets
  • $9,291Cash and due from depository institutions
  • $8,232Interest-bearing balances
  • $5,495Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $10,996Net loans & leases
  • $173Loan loss allowance
  • $0Trading account assets
  • $288Bank premises and fixed assets
  • $11Other real estate owned
  • $0Goodwill and other intangibles
  • $26,745Life insurance assets
  • $664All other assets
  • $23,158Total liabilities and capital
  • $22,827Total liabilities
  • $18,979Total deposits
  • $22,827Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $331Subordinated debt
  • $3,587All other liabilities
  • $3,587Total equity capital
  • $3,587Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $50Surplus
  • $3,487Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $860Income earned, not collected on loans
  • $0Earning assets
  • $105Long-term assets (5+ years)
  • $24,723Average Assets, year-to-date
  • $4,601Average Assets, quarterly
  • $25,648Volatile liabilities
  • $26,652Insider loans
  • $11,513FHLB advances
  • $26,932Loans and leases held for sale
  • $331Unused loan commitments
  • $331Tier 1 (core) risk-based capital
  • $3,403Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $155Restructured Loans and leases
  • $481Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $979Total interest income
  • $156Total interest expense
  • $823Net interest income
  • $2Provision for loan and lease losses
  • $103Total noninterest income
  • $0Fiduciary activities
  • $68Service charges on deposit accounts
  • $0Trading account gains & fees
  • $35Additional noninterest income
  • $901Total noninterest expense
  • $556Salaries and employee benefits
  • $59Premises and equipment expense
  • $286Additional noninterest expense
  • $23Pre-tax net operating income
  • $29Securities gains (losses)
  • -$19Applicable income taxes
  • $71Income before extraordinary items
  • $0Extraordinary gains - net
  • $71Net income attributable to bank
  • $0Net charge-offs
  • $71Cash dividends
  • -$1Sale, conversion, retirement of capital stock, net
  • $20Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.31%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 3.62%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 3.96%Noninterest expense to earning assets
  • 0.16%Net operating income to assets
  • 0.28%Return on assets (ROA)
  • 0.20%Pretax return on assets
  • 2.01%Return on equity (ROE)
  • 1.45%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -200.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 97,300Assets per employee
  • 2.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 28.17%Loss allowance to loans
  • 1.55%Loss allowance to noncurrent loans
  • 20.12%Noncurrent assets plus other real estate owned to assets
  • 3.26%Noncurrent loans to loans
  • 7.70%Net loans and leases to deposits
  • 48.17%Net loans and leases to core deposits
  • 49.47%Equity capital to assets
  • 13.41%Core capital (leverage) ratio
  • 12.64%Tier 1 risk-based capital ratio
  • 29.56%Total risk-based capital ratio
  • Memoranda
  • $31Average assets
  • $25,648Average earning assets
  • $3,527Average equity
  • $22,732Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03450The First National Bank Of Gilbert2 North Broadway, Gilbert, MN 55741October 26, 1908Full Service Brick and Mortar

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