The First National Bank of Herman in Herman, Minnesota (MN)

Show street view No street view available for this location

The First National Bank of Herman routing number info

Table of contents:
The First National Bank of Herman
GeneralFDIC Certificate #: 5163
Status: Active
Federal Reserve ID: 84055
Bank Holding Company (Regulatory Top Holder): Herman Bancshares, Inc. (RSSDID: 1128648, Location: Herman, MN)
Date Established: January 01, 1906
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 #: 3458
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
LocationAddress: 103 5th Street East, Herman, MN 56248
County: Grant
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
History of ChangesChange in Location
Financial SummaryTotal assets: $26.9 mil
Equity capital: $2.8 mil
Deposits held in domestic offices: $24.1 mil
Return on assets (ROA): 0.91% ($0.2 mil)
Quarterly return on assets: 0.03% ($0.0 mil)
Return on Equity (ROE): 8.47% ($0.3 mil)
Quarterly return on equity: 0.29% ($0.0 mil)
Net income: $0.2 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.91% ($245.0 mil)
Quarterly Pretax return on assets: 0.03% ($8.1 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)
Total employees (full-time equivalent)6
Total assets$26,927
Cash and due from depository institutions$7,841
Interest-bearing balances$3,266
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$7,990
Loan loss allowance $73
Trading account assets$0
Bank premises and fixed assets$149
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$421
Life insurance assets$26,927
Total liabilities and capital$24,146
Total liabilities$24,114
Total deposits$12,837
Interest-bearing deposits$24,114
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $32
All other liabilities $2,781
Total equity capital$2,781
Total bank equity capital$2,781
Perpetual preferred stock$0
Common stock$65
Undivided profits $2,431
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $114
Average Assets, year-to-date $21,782
Average Assets, quarterly $10,196
Volatile liabilities $25,068
Insider loans $27,215
FHLB advances $11,857
Loans and leases held for sale $24,706
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,600
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,358
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $763
Total interest expense $114
Net interest income $649
Provision for loan and lease losses $8
Total noninterest income $85
Fiduciary activities $0
Service charges on deposit accounts $49
Trading account gains & fees $0
Additional noninterest income $36
Total noninterest expense $602
Salaries and employee benefits $363
Premises and equipment expense $98
Additional noninterest expense $141
Pre-tax net operating income $124
Securities gains (losses) $104
Applicable income taxes $0
Income before extraordinary items $228
Extraordinary gains - net $0
Net income attributable to bank $228
Net charge-offs $0
Cash dividends $228
Sale, conversion, retirement of capital stock, net $13
Net operating income $110
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.64%
Cost of funding earning assets 0.54%
Net interest margin 3.10%
Noninterest income to earning assets 0.41%
Noninterest expense to earning assets 2.87%
Net operating income to assets 0.49%
Return on assets (ROA) 0.91%
Pretax return on assets 0.91%
Return on equity (ROE) 8.47%
Retained earnings to average equity (YTD only) 4.38%
Net charge-offs to loans 0.17%
Credit loss provision to net charge-offs 61.54%
Efficiency ratio10.15%
Assets per employee$82,016
Cash dividends to net income (YTD only)4.49%
Condition Ratios (%)
Loss allowance to loans 48.25%
Loss allowance to noncurrent loans 0.91%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 33.13%
Equity capital to assets 33.63%
Core capital (leverage) ratio 10.33%
Tier 1 risk-based capital ratio 10.52%
Total risk-based capital ratio 21.93%
Average assets$23
Average earning assets$25,068
Average equity $2,692
Average loans $20,942
Back to page top, Back to table top

1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03458The First National Bank Of Herman103 5th Street East, Herman, MN 56248January 01, 1906Full Service Brick and Mortar
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The First National Bank of Herman.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.