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

The First National Bank of Moose Lake - Overview

  • General
  • FDIC Certificate #: 5214
    Status: Active
    Federal Reserve ID: 706058
    Bank Holding Company (Regulatory Top Holder): First National Bank Of Moose Lake Profit Sharing And Esop (RSSDID: 2992396, Location: Moose Lake, MN)
    Date Established: June 21, 1926
    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: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 15570
    FDIC's unique #: 3501
    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: June 01, 2010
    Last Structure Change Process Date: June 01, 2010
    Last Data Update: June 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 Elm Avenue, Moose Lake, MN 55767
    County: Carlton
    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
    Core Based Statistical Area (CBSA): Duluth, MN-WI (#20260)
    CBSA Metro Statistical Area: Duluth, MN-WI (#20260)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $70.4 mil
    Equity capital: $8.1 mil
    Deposits held in domestic offices: $62.1 mil
    Return on assets (ROA): 1.09% ($0.8 mil)
    Quarterly return on assets: 1.56% ($1.1 mil)
    Return on Equity (ROE): 9.63% ($0.8 mil)
    Quarterly return on equity: 13.77% ($1.1 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.09% ($767.1 mil)
    Quarterly Pretax return on assets: 1.56% ($1,097.9 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
  • 25Total employees (full-time equivalent)
  • $70,380Total assets
  • $3,845Cash and due from depository institutions
  • $2,873Interest-bearing balances
  • $9,015Securities
  • $4,250Federal funds sold & reverse repurchase agreements
  • $52,123Net loans & leases
  • $634Loan loss allowance
  • $0Trading account assets
  • $278Bank premises and fixed assets
  • $163Other real estate owned
  • $0Goodwill and other intangibles
  • $70,380Life insurance assets
  • $706All other assets
  • $62,304Total liabilities and capital
  • $62,137Total liabilities
  • $52,251Total deposits
  • $62,137Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $167Subordinated debt
  • $8,076All other liabilities
  • $8,076Total equity capital
  • $8,076Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $150Surplus
  • $7,776Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,581Income earned, not collected on loans
  • $0Earning assets
  • $272Long-term assets (5+ years)
  • $68,261Average Assets, year-to-date
  • $17,574Average Assets, quarterly
  • $68,335Volatile liabilities
  • $70,436Insider loans
  • $51,255FHLB advances
  • $70,237Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,910Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,504Restructured Loans and leases
  • $787Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,417Total interest income
  • $521Total interest expense
  • $2,896Net interest income
  • $156Provision for loan and lease losses
  • $99Total noninterest income
  • $0Fiduciary activities
  • $162Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$63Additional noninterest income
  • $2,093Total noninterest expense
  • $1,337Salaries and employee benefits
  • $152Premises and equipment expense
  • $604Additional noninterest expense
  • $746Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $746Income before extraordinary items
  • $0Extraordinary gains - net
  • $746Net income attributable to bank
  • $0Net charge-offs
  • $746Cash dividends
  • $228Sale, conversion, retirement of capital stock, net
  • $345Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 4.42%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 3.19%Noninterest expense to earning assets
  • 1.09%Net operating income to assets
  • 1.09%Return on assets (ROA)
  • 1.09%Pretax return on assets
  • 9.63%Return on equity (ROE)
  • 5.18%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 68.42%Credit loss provision to net charge-offs
  • 3.96%Efficiency ratio
  • 69,883Assets per employee
  • 2.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.25%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 40.10%Noncurrent assets plus other real estate owned to assets
  • 2.48%Noncurrent loans to loans
  • 3.00%Net loans and leases to deposits
  • 83.88%Net loans and leases to core deposits
  • 84.59%Equity capital to assets
  • 11.47%Core capital (leverage) ratio
  • 11.26%Tier 1 risk-based capital ratio
  • 15.43%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $68,335Average earning assets
  • $7,747Average equity
  • $65,520Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03501The First National Bank Of Moose Lak400 Elm Avenue, Moose Lake, MN 55767June 21, 1926Full Service Brick and Mortar
    1358233Industrial Park Branch20 Hartman Drive, Moose Lake, MN 55767September 12, 2000Full Service Brick and Mortar

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