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



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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
WWW: http://www.fnbherman.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 #: 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
Securities$10,526
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
Surplus$285
Undivided profits $2,431
Memoranda
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
Derivatives$78
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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
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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%
Memoranda
Average assets$23
Average earning assets$25,068
Average equity $2,692
Average loans $20,942
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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
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