The First National Bank of Proctor in Proctor, Minnesota (MN)
| The First National Bank of Proctor | |
|---|---|
| General | FDIC Certificate #: 5232 Status: Active Federal Reserve ID: 731957 Date Established: January 01, 1902 WWW: http://www.proctorbank.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) FDIC's unique #: 3515 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: No Asset Concentration Hierarchy: All Other Specialization < 1 Billion 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 |
| Location | Address: 211 2nd Street, Proctor, MN 55810 County: St. Louis 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 Metropolitan Statistical Area (MSA): Duluth-Superior, MN-WI (#2240) Core Based Statistical Area (CBSA): Duluth, MN-WI (#20260) CBSA Metro Statistical Area: Duluth, MN-WI (#20260) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $24.8 mil Equity capital: $2.4 mil Deposits held in domestic offices: $22.4 mil Return on assets (ROA): 0.15% ($0.0 mil) Quarterly return on assets: -0.37% (-$0.1 mil) Return on Equity (ROE): 1.58% ($0.0 mil) Quarterly return on equity: -3.87% (-$0.1 mil) Net income: $0.0 mil Quarterly Net income: -$0.0 mil Pretax return on assets: 0.14% ($34.7 mil) Quarterly Pretax return on assets: -0.58% (-$143.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 9 |
| Total assets | $24,816 |
| Cash and due from depository institutions | $6,942 |
| Interest-bearing balances | $6,652 |
| Securities | $4,065 |
| Federal funds sold & reverse repurchase agreements | $475 |
| Net loans & leases | $12,898 |
| Loan loss allowance | $119 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $89 |
| Other real estate owned | $140 |
| Goodwill and other intangibles | $0 |
| All other assets | $207 |
| Life insurance assets | $24,816 |
| Total liabilities and capital | $22,451 |
| Total liabilities | $22,350 |
| Total deposits | $15,587 |
| Interest-bearing deposits | $22,350 |
| 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 | $101 |
| All other liabilities | $2,365 |
| Total equity capital | $2,365 |
| Total bank equity capital | $2,365 |
| Perpetual preferred stock | $0 |
| Common stock | $56 |
| Surplus | $100 |
| Undivided profits | $2,209 |
| 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 | $744 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $91 |
| Average Assets, year-to-date | $24,090 |
| Average Assets, quarterly | $3,683 |
| Volatile liabilities | $24,841 |
| Insider loans | $25,003 |
| FHLB advances | $11,867 |
| Loans and leases held for sale | $21,727 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $2,276 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $706 |
| Derivatives | $270 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,055 |
| Total interest expense | $185 |
| Net interest income | $870 |
| Provision for loan and lease losses | $11 |
| Total noninterest income | $73 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $51 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $22 |
| Total noninterest expense | $897 |
| Salaries and employee benefits | $520 |
| Premises and equipment expense | $158 |
| Additional noninterest expense | $219 |
| Pre-tax net operating income | $35 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$2 |
| Income before extraordinary items | $37 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $37 |
| Net charge-offs | $0 |
| Cash dividends | $37 |
| Sale, conversion, retirement of capital stock, net | $1 |
| Net operating income | $34 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.38% |
| Cost of funding earning assets | 0.77% |
| Net interest margin | 3.61% |
| Noninterest income to earning assets | 0.30% |
| Noninterest expense to earning assets | 3.73% |
| Net operating income to assets | 0.15% |
| Return on assets (ROA) | 0.15% |
| Pretax return on assets | 0.14% |
| Return on equity (ROE) | 1.58% |
| Retained earnings to average equity (YTD only) | 0.13% |
| Net charge-offs to loans | 0.01% |
| Credit loss provision to net charge-offs | 1100.00% |
| Efficiency ratio | 46.00% |
| Assets per employee | $95,122 |
| Cash dividends to net income (YTD only) | 2.76% |
| Condition Ratios (%) | |
| Loss allowance to loans | 91.89% |
| Loss allowance to noncurrent loans | 0.91% |
| Noncurrent assets plus other real estate owned to assets | 15.99% |
| Noncurrent loans to loans | 3.56% |
| Net loans and leases to deposits | 5.72% |
| Net loans and leases to core deposits | 57.71% |
| Equity capital to assets | 57.71% |
| Core capital (leverage) ratio | 9.53% |
| Tier 1 risk-based capital ratio | 10.48% |
| Total risk-based capital ratio | 19.18% |
| Memoranda | |
| Average assets | $20 |
| Average earning assets | $24,841 |
| Average equity | $2,344 |
| Average loans | $24,068 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 3515 | The First National Bank Of Proctor | 211 2nd Street, Proctor, MN 55810 | January 01, 1902 | Full Service Brick and Mortar |  |
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