The First National Bank of River Falls in River Falls, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank of River Falls - Overview

  • General
  • FDIC Certificate #: 5364
    Status: Active
    Federal Reserve ID: 956255
    Bank Holding Company (Regulatory Top Holder): First National Bancorp Of River Falls, Inc. (RSSDID: 2577159, Location: River Falls, WI)
    Date Established: January 04, 1904
    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: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 3619
    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: 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: 104 East Locust Street, River Falls, WI 54022
    County: Pierce
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Eau Claire
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $264.9 mil
    Equity capital: $28.8 mil
    Deposits held in domestic offices: $217.0 mil
    Return on assets (ROA): 1.06% ($2.8 mil)
    Quarterly return on assets: 0.92% ($2.4 mil)
    Return on Equity (ROE): 10.17% ($2.9 mil)
    Quarterly return on equity: 8.49% ($2.5 mil)
    Net income: $2.9 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.07% ($2,834.2 mil)
    Quarterly Pretax return on assets: 0.93% ($2,463.3 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
  • 72Total employees (full-time equivalent)
  • $264,875Total assets
  • $26,005Cash and due from depository institutions
  • $19,641Interest-bearing balances
  • $62,999Securities
  • $3,682Federal funds sold & reverse repurchase agreements
  • $157,212Net loans & leases
  • $3,203Loan loss allowance
  • $0Trading account assets
  • $2,107Bank premises and fixed assets
  • $3,702Other real estate owned
  • $0Goodwill and other intangibles
  • $264,875Life insurance assets
  • $9,168All other assets
  • $236,097Total liabilities and capital
  • $217,034Total liabilities
  • $189,151Total deposits
  • $217,034Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 4074.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,387Trading liabilities
  • $0Other borrowed funds
  • $602Subordinated debt
  • $28,778All other liabilities
  • $28,778Total equity capital
  • $28,778Total bank equity capital
  • $0Perpetual preferred stock
  • $1,100Common stock
  • $1,020Surplus
  • $26,658Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $262Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,576Income earned, not collected on loans
  • $594Earning assets
  • $1,517Long-term assets (5+ years)
  • $243,534Average Assets, year-to-date
  • $60,518Average Assets, quarterly
  • $269,961Volatile liabilities
  • $266,749Insider loans
  • $157,693FHLB advances
  • $260,226Loans and leases held for sale
  • $4,791Unused loan commitments
  • $2,131Tier 1 (core) risk-based capital
  • $26,353Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,660Total unused commitments
  • $21,890Restructured Loans and leases
  • $309Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,034Total interest income
  • $2,053Total interest expense
  • $9,981Net interest income
  • $625Provision for loan and lease losses
  • $2,410Total noninterest income
  • $0Fiduciary activities
  • $721Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,689Additional noninterest income
  • $8,874Total noninterest expense
  • $4,942Salaries and employee benefits
  • $934Premises and equipment expense
  • $2,998Additional noninterest expense
  • $2,892Pre-tax net operating income
  • $2Securities gains (losses)
  • $28Applicable income taxes
  • $2,866Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,866Net income attributable to bank
  • $0Net charge-offs
  • $2,866Cash dividends
  • $1,242Sale, conversion, retirement of capital stock, net
  • $1,950Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 3.98%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • 1.06%Net operating income to assets
  • 1.06%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 10.17%Return on equity (ROE)
  • 3.25%Retained earnings to average equity (YTD only)
  • 0.75%Net charge-offs to loans
  • 50.32%Credit loss provision to net charge-offs
  • 2.83%Efficiency ratio
  • 71,616Assets per employee
  • 3.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.04%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 89.57%Noncurrent assets plus other real estate owned to assets
  • 2.75%Noncurrent loans to loans
  • 2.23%Net loans and leases to deposits
  • 72.44%Net loans and leases to core deposits
  • 74.18%Equity capital to assets
  • 10.86%Core capital (leverage) ratio
  • 10.13%Tier 1 risk-based capital ratio
  • 16.71%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $269,961Average earning assets
  • $28,178Average equity
  • $250,765Average loans

List of branches

  • 4 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03619The First National Bank Of River Fal104 East Locust Street, River Falls, WI 54022January 04, 1904Full Service Brick and Mortar
    1207632Prescott Branch1151 North Canton Street, Prescott, WI 54021January 19, 1993Full Service Brick and Mortar
    2362639Wellhaven Branch119 Union Street, River Falls, WI 54022September 18, 2001Limited Service Mobile
    3462300Uw-River Falls Branch500 East Wild Rose Avenue, River Falls, WI 54022January 22, 2007Full Service Brick and Mortar

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