The First National Bank of Le Center in Le Center, Minnesota (MN)
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| The First National Bank of Le Center | |
|---|---|
| General | FDIC Certificate #: 5180 Status: Active Federal Reserve ID: 986551 Bank Holding Company (Regulatory Top Holder): Traxshares, Inc. (RSSDID: 1126934, Location: Le Center, MN) Date Established: January 01, 1903 WWW: http://www.fnblecenter.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) OTS Docket #: 12818 FDIC's unique #: 3471 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: 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: 10 West Minnesota Street, Le Center, MN 56057 County: Le Sueur 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 | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $78.1 mil Equity capital: $9.7 mil Deposits held in domestic offices: $62.9 mil Return on assets (ROA): 0.52% ($0.4 mil) Quarterly return on assets: 0.75% ($0.6 mil) Return on Equity (ROE): 4.17% ($0.4 mil) Quarterly return on equity: 5.89% ($0.6 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.53% ($414.2 mil) Quarterly Pretax return on assets: 0.75% ($586.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 16 |
| Total assets | $78,147 |
| Cash and due from depository institutions | $10,937 |
| Interest-bearing balances | $7,289 |
| Securities | $13,005 |
| Federal funds sold & reverse repurchase agreements | $2,259 |
| Net loans & leases | $45,801 |
| Loan loss allowance | $739 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $200 |
| Other real estate owned | $229 |
| Goodwill and other intangibles | $0 |
| All other assets | $5,716 |
| Life insurance assets | $78,148 |
| Total liabilities and capital | $68,437 |
| Total liabilities | $62,899 |
| Total deposits | $50,214 |
| Interest-bearing deposits | $62,899 |
| Deposits held in domestic offices | $93 |
| % insured (estimated) | 4480.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $150 |
| Other borrowed funds | $0 |
| Subordinated debt | $908 |
| All other liabilities | $9,711 |
| Total equity capital | $9,711 |
| Total bank equity capital | $9,711 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $150 |
| Undivided profits | $9,461 |
| 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 | $900 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $532 |
| Average Assets, year-to-date | $68,354 |
| Average Assets, quarterly | $6,969 |
| Volatile liabilities | $76,999 |
| Insider loans | $76,331 |
| FHLB advances | $52,526 |
| Loans and leases held for sale | $78,664 |
| Unused loan commitments | $3,299 |
| Tier 1 (core) risk-based capital | $3,299 |
| Tier 2 risk-based capital | $9,534 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $9,571 |
| Derivatives | $505 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,201 |
| Total interest expense | $794 |
| Net interest income | $2,407 |
| Provision for loan and lease losses | $540 |
| Total noninterest income | $509 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $157 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $352 |
| Total noninterest expense | $1,965 |
| Salaries and employee benefits | $1,233 |
| Premises and equipment expense | $157 |
| Additional noninterest expense | $575 |
| Pre-tax net operating income | $411 |
| Securities gains (losses) | -$6 |
| Applicable income taxes | $1 |
| Income before extraordinary items | $404 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $404 |
| Net charge-offs | $0 |
| Cash dividends | $404 |
| Sale, conversion, retirement of capital stock, net | $506 |
| Net operating income | $250 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.64% |
| Cost of funding earning assets | 1.15% |
| Net interest margin | 3.49% |
| Noninterest income to earning assets | 0.74% |
| Noninterest expense to earning assets | 2.85% |
| Net operating income to assets | 0.53% |
| Return on assets (ROA) | 0.52% |
| Pretax return on assets | 0.53% |
| Return on equity (ROE) | 4.17% |
| Retained earnings to average equity (YTD only) | 1.59% |
| Net charge-offs to loans | 1.09% |
| Credit loss provision to net charge-offs | 106.72% |
| Efficiency ratio | 1.88% |
| Assets per employee | $67,387 |
| Cash dividends to net income (YTD only) | 4.88% |
| Condition Ratios (%) | |
| Loss allowance to loans | 61.88% |
| Loss allowance to noncurrent loans | 1.59% |
| Noncurrent assets plus other real estate owned to assets | 82.11% |
| Noncurrent loans to loans | 1.44% |
| Net loans and leases to deposits | 1.93% |
| Net loans and leases to core deposits | 72.82% |
| Equity capital to assets | 73.44% |
| Core capital (leverage) ratio | 12.43% |
| Tier 1 risk-based capital ratio | 12.12% |
| Total risk-based capital ratio | 18.15% |
| Memoranda | |
| Average assets | $19 |
| Average earning assets | $76,999 |
| Average equity | $9,698 |
| Average loans | $68,944 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 3471 | The First National Bank Of Le Center | 10 West Minnesota Street, Le Center, MN 56057 | January 01, 1903 | Full Service Brick and Mortar |  |
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