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

This bank is inactive as of April 02, 2005

  • The First National Bank of Waconia in Waconia, Minnesota (MN)
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The First National Bank of Waconia - Overview

  • General
  • FDIC Certificate #: 5267
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: KleinBank (#1414)
    Federal Reserve ID: 209652
    Date Established: January 01, 1919
    WWW: http://www.kleinet.comwaconia/
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 15331
    FDIC's unique #: 3538
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 02, 2005
    Last Structure Change Process Date: April 26, 2005
    Last Data Update: April 26, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 53 West Main Street, Waconia, MN 55387
    County: Carver
    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): 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)
  • Financial Summary
  • Total assets: $205.3 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, 2004)

  • Dollar figures in thousands
  • 33Total employees (full-time equivalent)
  • $200,493Total assets
  • $8,292Cash and due from depository institutions
  • $3,179Interest-bearing balances
  • $62,882Securities
  • $1,125Federal funds sold & reverse repurchase agreements
  • $123,301Net loans & leases
  • $1,620Loan loss allowance
  • $0Trading account assets
  • $607Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,286All other assets
  • $200,493Total liabilities and capital
  • $180,139Total liabilities
  • $173,758Total deposits
  • $140,075Interest-bearing deposits
  • $173,758Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,218Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,163All other liabilities
  • $20,354Total equity capital
  • $20,354Total bank equity capital
  • $20,354Perpetual preferred stock
  • $0Common stock
  • $699Surplus
  • $1,564Undivided profits
  • Memoranda
  • $18,091Noncurrent loans and leases
  • $51,030Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $122Earning assets
  • $0Long-term assets (5+ years)
  • $1,000Average Assets, year-to-date
  • $190,487Average Assets, quarterly
  • $25,826Volatile liabilities
  • $190,799Insider loans
  • $198,064FHLB advances
  • $16,361Loans and leases held for sale
  • $1,313Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,273Total risk weighted assets
  • $51,030Total unused commitments
  • $0Restructured Loans and leases
  • $1,620Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $9,911Total interest income
  • $1,694Total interest expense
  • $8,217Net interest income
  • $74Provision for loan and lease losses
  • $2,173Total noninterest income
  • $0Fiduciary activities
  • $1,386Service charges on deposit accounts
  • $0Trading account gains & fees
  • $787Additional noninterest income
  • $5,307Total noninterest expense
  • $2,810Salaries and employee benefits
  • $372Premises and equipment expense
  • $2,125Additional noninterest expense
  • $5,009Pre-tax net operating income
  • $11Securities gains (losses)
  • $47Applicable income taxes
  • $4,973Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,973Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $22Sale, conversion, retirement of capital stock, net
  • $3,178Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.48%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 4.54%Net interest margin
  • 1.20%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 2.60%Net operating income to assets
  • 2.61%Return on assets (ROA)
  • 2.63%Pretax return on assets
  • 24.82%Return on equity (ROE)
  • 8.96%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 336.36%Credit loss provision to net charge-offs
  • 231.05%Efficiency ratio
  • 51,078Assets per employee
  • 6.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 63.91%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 1327.87%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.10%Net loans and leases to deposits
  • 70.96%Net loans and leases to core deposits
  • 76.29%Equity capital to assets
  • 10.15%Core capital (leverage) ratio
  • 10.48%Tier 1 risk-based capital ratio
  • 13.00%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $190,799Average earning assets
  • $20,039Average equity
  • $180,866Average loans

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