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



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The First National Bank of Milaca routing number info

Table of contents:
The First National Bank of Milaca
GeneralFDIC 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
WWW: http://www.fnbmilaca.com
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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)40
Total assets$168,818
Cash and due from depository institutions$5,255
Interest-bearing balances$0
Securities$45,636
Federal funds sold & reverse repurchase agreements$7,300
Net loans & leases$103,109
Loan loss allowance $2,452
Trading account assets$0
Bank premises and fixed assets$1,541
Other real estate owned$1,563
Goodwill and other intangibles$110
All other assets$4,304
Life insurance assets$168,818
Total liabilities and capital$150,294
Total liabilities$150,100
Total deposits$127,898
Interest-bearing deposits$150,100
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $194
All other liabilities $18,524
Total equity capital$18,524
Total bank equity capital$18,524
Perpetual preferred stock$0
Common stock$1,000
Surplus$1,000
Undivided profits $16,524
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 $4,717
Earning assets $304
Long-term assets (5+ years) $707
Average Assets, year-to-date $156,045
Average Assets, quarterly $24,562
Volatile liabilities $167,230
Insider loans $168,938
FHLB advances $97,665
Loans and leases held for sale $169,344
Unused loan commitments $691
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $18,274
Total risk weighted assets $691
Total unused commitments $0
Restructured Loans and leases $9,793
Derivatives$2,835
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,547
Total interest expense $1,353
Net interest income $6,194
Provision for loan and lease losses $1,490
Total noninterest income $1,162
Fiduciary activities $0
Service charges on deposit accounts $715
Trading account gains & fees $0
Additional noninterest income $447
Total noninterest expense $4,758
Salaries and employee benefits $2,312
Premises and equipment expense $515
Additional noninterest expense $1,931
Pre-tax net operating income $1,108
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,108
Extraordinary gains - net $0
Net income attributable to bank $1,108
Net charge-offs $0
Cash dividends $1,108
Sale, conversion, retirement of capital stock, net $1,691
Net operating income $200
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.82%
Cost of funding earning assets 0.86%
Net interest margin 3.96%
Noninterest income to earning assets 0.74%
Noninterest expense to earning assets 3.04%
Net operating income to assets 0.66%
Return on assets (ROA) 0.66%
Pretax return on assets 0.66%
Return on equity (ROE) 6.18%
Retained earnings to average equity (YTD only) 5.07%
Net charge-offs to loans 1.54%
Credit loss provision to net charge-offs 88.11%
Efficiency ratio1.54%
Assets per employee$64,682
Cash dividends to net income (YTD only)4.22%
Condition Ratios (%)
Loss allowance to loans 18.05%
Loss allowance to noncurrent loans 2.32%
Noncurrent assets plus other real estate owned to assets 51.98%
Noncurrent loans to loans 3.72%
Net loans and leases to deposits4.47%
Net loans and leases to core deposits 68.69%
Equity capital to assets 70.56%
Core capital (leverage) ratio 10.97%
Tier 1 risk-based capital ratio 10.79%
Total risk-based capital ratio 18.71%
Memoranda
Average assets$20
Average earning assets$167,230
Average equity $17,916
Average loans $156,445
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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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