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

The First National Bank of Milaca - Overview

  • General
  • FDIC Certificate #: 5198
    Status: Active
    Federal Reserve ID: 924357
    Bank Holding Company (Regulatory Top Holder): Rum River Bancorporation, Inc. (RSSDID: 3342411, Location: Milaca, MN)
    Date Established: August 24, 1897
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 3487
    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: May 04, 2006
    Last Structure Change Process Date: June 19, 2006
    Last Data Update: June 19, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 190 Second Avenue S.W., Milaca, MN 56353
    County: Mille Lacs
    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
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $168.8 mil
    Equity capital: $18.5 mil
    Deposits held in domestic offices: $150.1 mil
    Return on assets (ROA): 0.66% ($1.1 mil)
    Quarterly return on assets: 1.45% ($2.5 mil)
    Return on Equity (ROE): 6.18% ($1.2 mil)
    Quarterly return on equity: 13.44% ($2.6 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.66% ($1,114.2 mil)
    Quarterly Pretax return on assets: 1.45% ($2,447.9 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
  • 40Total employees (full-time equivalent)
  • $168,818Total assets
  • $5,255Cash and due from depository institutions
  • $0Interest-bearing balances
  • $45,636Securities
  • $7,300Federal funds sold & reverse repurchase agreements
  • $103,109Net loans & leases
  • $2,452Loan loss allowance
  • $0Trading account assets
  • $1,541Bank premises and fixed assets
  • $1,563Other real estate owned
  • $110Goodwill and other intangibles
  • $168,818Life insurance assets
  • $4,304All other assets
  • $150,294Total liabilities and capital
  • $150,100Total liabilities
  • $127,898Total deposits
  • $150,100Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $194Subordinated debt
  • $18,524All other liabilities
  • $18,524Total equity capital
  • $18,524Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $1,000Surplus
  • $16,524Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,717Income earned, not collected on loans
  • $304Earning assets
  • $707Long-term assets (5+ years)
  • $156,045Average Assets, year-to-date
  • $24,562Average Assets, quarterly
  • $167,230Volatile liabilities
  • $168,938Insider loans
  • $97,665FHLB advances
  • $169,344Loans and leases held for sale
  • $691Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,274Tier 2 risk-based capital
  • $691Total risk weighted assets
  • $0Total unused commitments
  • $9,793Restructured Loans and leases
  • $2,835Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,547Total interest income
  • $1,353Total interest expense
  • $6,194Net interest income
  • $1,490Provision for loan and lease losses
  • $1,162Total noninterest income
  • $0Fiduciary activities
  • $715Service charges on deposit accounts
  • $0Trading account gains & fees
  • $447Additional noninterest income
  • $4,758Total noninterest expense
  • $2,312Salaries and employee benefits
  • $515Premises and equipment expense
  • $1,931Additional noninterest expense
  • $1,108Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,108Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,108Net income attributable to bank
  • $0Net charge-offs
  • $1,108Cash dividends
  • $1,691Sale, conversion, retirement of capital stock, net
  • $200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 3.96%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 3.04%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 6.18%Return on equity (ROE)
  • 5.07%Retained earnings to average equity (YTD only)
  • 1.54%Net charge-offs to loans
  • 88.11%Credit loss provision to net charge-offs
  • 1.54%Efficiency ratio
  • 64,682Assets per employee
  • 4.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 18.05%Loss allowance to loans
  • 2.32%Loss allowance to noncurrent loans
  • 51.98%Noncurrent assets plus other real estate owned to assets
  • 3.72%Noncurrent loans to loans
  • 4.47%Net loans and leases to deposits
  • 68.69%Net loans and leases to core deposits
  • 70.56%Equity capital to assets
  • 10.97%Core capital (leverage) ratio
  • 10.79%Tier 1 risk-based capital ratio
  • 18.71%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $167,230Average earning assets
  • $17,916Average equity
  • $156,445Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03487The First National Bank Of Milaca190 Second Avenue S.W., Milaca, MN 56353August 24, 1897Full Service Brick and Mortar
    16544Isle Branch198 Main Street, Isle, MN 56342April 15, 1930Full Service Brick and Mortar
    2366148Gilman Office10225 115th Street N.E., Gilman, MN 56333December 09, 2002Full Service Brick and Mortar

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