The First National Bank of Moose Lake in Moose Lake, Minnesota (MN)



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The First National Bank of Moose Lake routing number info

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The First National Bank of Moose Lake
GeneralFDIC 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
WWW: http://www.firstmooselake.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: 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)25
Total assets$70,380
Cash and due from depository institutions$3,845
Interest-bearing balances$2,873
Securities$9,015
Federal funds sold & reverse repurchase agreements$4,250
Net loans & leases$52,123
Loan loss allowance $634
Trading account assets$0
Bank premises and fixed assets$278
Other real estate owned$163
Goodwill and other intangibles$0
All other assets$706
Life insurance assets$70,380
Total liabilities and capital$62,304
Total liabilities$62,137
Total deposits$52,251
Interest-bearing deposits$62,137
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $167
All other liabilities $8,076
Total equity capital$8,076
Total bank equity capital$8,076
Perpetual preferred stock$0
Common stock$150
Surplus$150
Undivided profits $7,776
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 $1,581
Earning assets $0
Long-term assets (5+ years) $272
Average Assets, year-to-date $68,261
Average Assets, quarterly $17,574
Volatile liabilities $68,335
Insider loans $70,436
FHLB advances $51,255
Loans and leases held for sale $70,237
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,910
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $8,504
Derivatives$787
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,417
Total interest expense $521
Net interest income $2,896
Provision for loan and lease losses $156
Total noninterest income $99
Fiduciary activities $0
Service charges on deposit accounts $162
Trading account gains & fees $0
Additional noninterest income -$63
Total noninterest expense $2,093
Salaries and employee benefits $1,337
Premises and equipment expense $152
Additional noninterest expense $604
Pre-tax net operating income $746
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $746
Extraordinary gains - net $0
Net income attributable to bank $746
Net charge-offs $0
Cash dividends $746
Sale, conversion, retirement of capital stock, net $228
Net operating income $345
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.22%
Cost of funding earning assets 0.80%
Net interest margin 4.42%
Noninterest income to earning assets 0.15%
Noninterest expense to earning assets 3.19%
Net operating income to assets 1.09%
Return on assets (ROA) 1.09%
Pretax return on assets 1.09%
Return on equity (ROE) 9.63%
Retained earnings to average equity (YTD only) 5.18%
Net charge-offs to loans 0.44%
Credit loss provision to net charge-offs 68.42%
Efficiency ratio3.96%
Assets per employee$69,883
Cash dividends to net income (YTD only)2.82%
Condition Ratios (%)
Loss allowance to loans 46.25%
Loss allowance to noncurrent loans 1.20%
Noncurrent assets plus other real estate owned to assets 40.10%
Noncurrent loans to loans 2.48%
Net loans and leases to deposits3.00%
Net loans and leases to core deposits 83.88%
Equity capital to assets 84.59%
Core capital (leverage) ratio 11.47%
Tier 1 risk-based capital ratio 11.26%
Total risk-based capital ratio 15.43%
Memoranda
Average assets$17
Average earning assets$68,335
Average equity $7,747
Average loans $65,520
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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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