The First National Bank of Little Falls - Overview
General
FDIC Certificate #: 5183 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:U.S. Bank National Association (#5134) Federal Reserve ID: 916950 Date Established: April 17, 1889 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 10805 FDIC's unique #: 3474 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 13, 1999 Last Structure Change Process Date: March 23, 1999 Last Data Update: March 23, 1999 Data Source Date: April 05, 2012
Location
Address: 101 Broadway East, Little Falls, MN 56345 County: Morrison 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
Financial Summary
Total assets: $69.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
19Total employees (full-time equivalent)
$69,367Total assets
$2,073Cash and due from depository institutions
$0Interest-bearing balances
$17,688Securities
$10,150Federal funds sold & reverse repurchase agreements
$29,809Net loans & leases
$295Loan loss allowance
$0Trading account assets
$1,129Bank premises and fixed assets
$0Other real estate owned
$7,487Goodwill and other intangibles
$0Life insurance assets
$1,031All other assets
$69,367Total liabilities and capital
$53,395Total liabilities
$50,638Total deposits
$41,951Interest-bearing deposits
$50,638Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,757All other liabilities
$15,972Total equity capital
$15,972Total bank equity capital
$15,972Perpetual preferred stock
$0Common stock
$100Surplus
$15,249Undivided profits
Memoranda
$623Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$452Earning assets
$0Long-term assets (5+ years)
$178Average Assets, year-to-date
$57,647Average Assets, quarterly
$4,253Volatile liabilities
$68,233Insider loans
$68,463FHLB advances
$2,864Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,914Total unused commitments
$0Restructured Loans and leases
$32,409Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$4,492Total interest income
$1,646Total interest expense
$2,846Net interest income
$75Provision for loan and lease losses
$307Total noninterest income
$0Fiduciary activities
$226Service charges on deposit accounts
$0Trading account gains & fees
$81Additional noninterest income
$1,947Total noninterest expense
$678Salaries and employee benefits
$247Premises and equipment expense
$1,022Additional noninterest expense
$1,131Pre-tax net operating income
$1Securities gains (losses)
$603Applicable income taxes
$529Income before extraordinary items
$0Extraordinary gains - net
$529Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$47Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.02%Yield on earning assets
2.94%Cost of funding earning assets
5.08%Net interest margin
0.55%Noninterest income to earning assets
3.48%Noninterest expense to earning assets
0.77%Net operating income to assets
0.78%Return on assets (ROA)
1.66%Pretax return on assets
3.38%Return on equity (ROE)
3.38%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
159.57%Credit loss provision to net charge-offs
25.66%Efficiency ratio
48,652Assets per employee
3.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
65.27%Noncurrent assets plus other real estate owned to assets
0.65%Noncurrent loans to loans
1.50%Net loans and leases to deposits
58.87%Net loans and leases to core deposits
62.40%Equity capital to assets
23.03%Core capital (leverage) ratio
13.37%Tier 1 risk-based capital ratio
26.00%Total risk-based capital ratio
Memoranda
$27Average assets
$68,233Average earning assets
$15,666Average equity
$56,014Average loans
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