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



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The First National Bank of Osakis routing number info

Table of contents:
The First National Bank of Osakis
GeneralFDIC Certificate #: 5221
Status: Active
Federal Reserve ID: 726458
Bank Holding Company (Regulatory Top Holder): Osakis Bancshares (RSSDID: 1124967, Location: Osakis, MN)
Date Established: June 08, 1903
WWW: http://www.fnbosakis.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: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 12598
FDIC's unique #: 3507
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 211-213 Central Avenue, Osakis, MN 56360
County: Douglas
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Alexandria, MN (#10820)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $62.2 mil
Equity capital: $7.9 mil
Deposits held in domestic offices: $54.1 mil
Return on assets (ROA): 1.69% ($1.0 mil)
Quarterly return on assets: 1.80% ($1.1 mil)
Return on Equity (ROE): 13.66% ($1.1 mil)
Quarterly return on equity: 14.30% ($1.1 mil)
Net income: $1.0 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.69% ($1,051.9 mil)
Quarterly Pretax return on assets: 1.80% ($1,120.4 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)11
Total assets$62,244
Cash and due from depository institutions$2,596
Interest-bearing balances$1,250
Securities$22,913
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$34,654
Loan loss allowance $550
Trading account assets$0
Bank premises and fixed assets$495
Other real estate owned$112
Goodwill and other intangibles$0
All other assets$1,474
Life insurance assets$62,244
Total liabilities and capital$54,369
Total liabilities$54,138
Total deposits$46,836
Interest-bearing deposits$54,138
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $231
All other liabilities $7,875
Total equity capital$7,875
Total bank equity capital$7,875
Perpetual preferred stock$0
Common stock$500
Surplus$2,000
Undivided profits $5,375
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 $1,798
Earning assets $0
Long-term assets (5+ years) $464
Average Assets, year-to-date $58,817
Average Assets, quarterly $17,012
Volatile liabilities $60,810
Insider loans $61,923
FHLB advances $35,654
Loans and leases held for sale $62,307
Unused loan commitments $635
Tier 1 (core) risk-based capital $635
Tier 2 risk-based capital $7,278
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,702
Derivatives$1,045
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,970
Total interest expense $624
Net interest income $2,346
Provision for loan and lease losses $171
Total noninterest income $251
Fiduciary activities $0
Service charges on deposit accounts $160
Trading account gains & fees $0
Additional noninterest income $91
Total noninterest expense $1,397
Salaries and employee benefits $678
Premises and equipment expense $144
Additional noninterest expense $575
Pre-tax net operating income $1,029
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,029
Extraordinary gains - net $0
Net income attributable to bank $1,029
Net charge-offs $0
Cash dividends $1,029
Sale, conversion, retirement of capital stock, net $471
Net operating income $838
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.24%
Cost of funding earning assets 1.10%
Net interest margin 4.14%
Noninterest income to earning assets 0.44%
Noninterest expense to earning assets 2.46%
Net operating income to assets 1.69%
Return on assets (ROA) 1.69%
Pretax return on assets 1.69%
Return on equity (ROE) 13.66%
Retained earnings to average equity (YTD only) 2.54%
Net charge-offs to loans 1.30%
Credit loss provision to net charge-offs 36.31%
Efficiency ratio2.55%
Assets per employee$53,793
Cash dividends to net income (YTD only)5.66%
Condition Ratios (%)
Loss allowance to loans 81.44%
Loss allowance to noncurrent loans 1.56%
Noncurrent assets plus other real estate owned to assets 30.59%
Noncurrent loans to loans 3.07%
Net loans and leases to deposits5.11%
Net loans and leases to core deposits 64.01%
Equity capital to assets 65.01%
Core capital (leverage) ratio 12.65%
Tier 1 risk-based capital ratio 11.68%
Total risk-based capital ratio 20.41%
Memoranda
Average assets$22
Average earning assets$60,810
Average equity $7,531
Average loans $56,674
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03507The First National Bank Of Osakis211-213 Central Avenue, Osakis, MN 56360June 08, 1903Full Service Brick and Mortar
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