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

The First National Bank of Henning - Overview

  • General
  • FDIC Certificate #: 5162
    Status: Active
    Federal Reserve ID: 23456
    Bank Holding Company (Regulatory Top Holder): Henning Bancshares, Inc. (RSSDID: 1125290, Location: Henning, MN)
    Date Established: August 01, 1903
    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: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 11509
    FDIC's unique #: 3457
    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: 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: Highways 78 And 108, Ottertail, MN 56571
    County: Otter Tail
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Fergus Falls, MN (#22260)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $94.3 mil
    Equity capital: $10.9 mil
    Deposits held in domestic offices: $83.3 mil
    Return on assets (ROA): 1.49% ($1.4 mil)
    Quarterly return on assets: 1.45% ($1.4 mil)
    Return on Equity (ROE): 13.12% ($1.4 mil)
    Quarterly return on equity: 12.51% ($1.4 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.49% ($1,405.5 mil)
    Quarterly Pretax return on assets: 1.45% ($1,367.7 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
  • 23Total employees (full-time equivalent)
  • $94,327Total assets
  • $1,877Cash and due from depository institutions
  • $22Interest-bearing balances
  • $23,742Securities
  • $1,691Federal funds sold & reverse repurchase agreements
  • $61,364Net loans & leases
  • $737Loan loss allowance
  • $0Trading account assets
  • $2,716Bank premises and fixed assets
  • $1,212Other real estate owned
  • $0Goodwill and other intangibles
  • $94,327Life insurance assets
  • $1,725All other assets
  • $83,469Total liabilities and capital
  • $83,252Total liabilities
  • $72,981Total deposits
  • $83,252Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $22Trading liabilities
  • $0Other borrowed funds
  • $195Subordinated debt
  • $10,858All other liabilities
  • $10,858Total equity capital
  • $10,858Total bank equity capital
  • $0Perpetual preferred stock
  • $126Common stock
  • $336Surplus
  • $10,396Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $217Income earned, not collected on loans
  • $38Earning assets
  • $770Long-term assets (5+ years)
  • $86,819Average Assets, year-to-date
  • $27,392Average Assets, quarterly
  • $92,069Volatile liabilities
  • $93,697Insider loans
  • $72,445FHLB advances
  • $94,317Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,987Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,210Restructured Loans and leases
  • $515Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,662Total interest income
  • $1,078Total interest expense
  • $3,584Net interest income
  • $162Provision for loan and lease losses
  • $783Total noninterest income
  • $0Fiduciary activities
  • $250Service charges on deposit accounts
  • $0Trading account gains & fees
  • $533Additional noninterest income
  • $2,852Total noninterest expense
  • $1,442Salaries and employee benefits
  • $479Premises and equipment expense
  • $931Additional noninterest expense
  • $1,353Pre-tax net operating income
  • $22Securities gains (losses)
  • $2Applicable income taxes
  • $1,373Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,373Net income attributable to bank
  • $0Net charge-offs
  • $1,373Cash dividends
  • $198Sale, conversion, retirement of capital stock, net
  • $857Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.48%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 4.21%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 3.35%Noninterest expense to earning assets
  • 1.47%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 1.49%Pretax return on assets
  • 13.12%Return on equity (ROE)
  • 4.93%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 81.82%Credit loss provision to net charge-offs
  • 7.65%Efficiency ratio
  • 65,308Assets per employee
  • 4.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.42%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 339.63%Noncurrent assets plus other real estate owned to assets
  • 1.51%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 73.71%Net loans and leases to core deposits
  • 76.53%Equity capital to assets
  • 11.51%Core capital (leverage) ratio
  • 10.59%Tier 1 risk-based capital ratio
  • 13.79%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $92,069Average earning assets
  • $10,466Average equity
  • $85,134Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03457The First National Bank Of HenningHighways 78 And 108, Ottertail, MN 56571August 01, 1903Full Service Brick and Mortar
    2446990Henning Branch512 Douglas Avenue, Henning, MN 56551July 01, 2005Full Service Brick and Mortar

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