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

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The First National Bank of Walker routing number info

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The First National Bank of Walker
GeneralFDIC Certificate #: 5269
Status: Active
Federal Reserve ID: 805755
Bank Holding Company (Regulatory Top Holder): Walker Ban Co. (RSSDID: 1126318, Location: Walker, MN)
Date Established: December 01, 1902
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: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 3540
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: 600 Minnesota Ave. W, Walker, MN 56484
County: Cass
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Forks
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Brainerd, MN (#14660)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Financial SummaryTotal assets: $293.3 mil
Equity capital: $33.8 mil
Deposits held in domestic offices: $251.3 mil
Return on assets (ROA): 1.58% ($4.6 mil)
Quarterly return on assets: 1.68% ($4.9 mil)
Return on Equity (ROE): 13.66% ($4.6 mil)
Quarterly return on equity: 14.51% ($4.9 mil)
Net income: $4.6 mil
Quarterly Net income: $1.2 mil
Pretax return on assets: 1.59% ($4,663.7 mil)
Quarterly Pretax return on assets: 1.68% ($4,927.7 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)69
Total assets$293,316
Cash and due from depository institutions$6,441
Interest-bearing balances$2,714
Federal funds sold & reverse repurchase agreements$22,275
Net loans & leases$180,273
Loan loss allowance $2,625
Trading account assets$0
Bank premises and fixed assets$1,755
Other real estate owned$2,566
Goodwill and other intangibles$114
All other assets$3,482
Life insurance assets$293,316
Total liabilities and capital$259,500
Total liabilities$251,341
Total deposits$229,073
Interest-bearing deposits$251,341
Deposits held in domestic offices$94
% insured (estimated)6613.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,546
All other liabilities $33,816
Total equity capital$33,816
Total bank equity capital$33,816
Perpetual preferred stock$0
Common stock$400
Undivided profits $33,216
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,554
Income earned, not collected on loans $2,278
Earning assets $0
Long-term assets (5+ years) $1,419
Average Assets, year-to-date $281,672
Average Assets, quarterly $9,749
Volatile liabilities $289,703
Insider loans $295,589
FHLB advances $187,861
Loans and leases held for sale $295,990
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $33,361
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $12,036
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,908
Total interest expense $3,534
Net interest income $10,374
Provision for loan and lease losses $1,040
Total noninterest income $2,160
Fiduciary activities $0
Service charges on deposit accounts $685
Trading account gains & fees $0
Additional noninterest income $1,475
Total noninterest expense $6,900
Salaries and employee benefits $4,329
Premises and equipment expense $865
Additional noninterest expense $1,706
Pre-tax net operating income $4,594
Securities gains (losses) $0
Applicable income taxes $5
Income before extraordinary items $4,589
Extraordinary gains - net $0
Net income attributable to bank $4,589
Net charge-offs $0
Cash dividends $4,589
Sale, conversion, retirement of capital stock, net $599
Net operating income $3,142
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.05%
Cost of funding earning assets 1.28%
Net interest margin 3.77%
Noninterest income to earning assets 0.78%
Noninterest expense to earning assets 2.51%
Net operating income to assets 1.58%
Return on assets (ROA) 1.58%
Pretax return on assets 1.59%
Return on equity (ROE) 13.66%
Retained earnings to average equity (YTD only) 4.31%
Net charge-offs to loans 0.33%
Credit loss provision to net charge-offs 173.62%
Efficiency ratio9.41%
Assets per employee$54,978
Cash dividends to net income (YTD only)4.25%
Condition Ratios (%)
Loss allowance to loans 68.47%
Loss allowance to noncurrent loans 1.44%
Noncurrent assets plus other real estate owned to assets 115.23%
Noncurrent loans to loans 1.65%
Net loans and leases to deposits1.25%
Net loans and leases to core deposits 71.72%
Equity capital to assets 75.21%
Core capital (leverage) ratio 11.53%
Tier 1 risk-based capital ratio 11.27%
Total risk-based capital ratio 17.76%
Average assets$19
Average earning assets$289,703
Average equity $33,599
Average loans $275,432
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5 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03540The First National Bank Of Walker600 Minnesota Ave. W, Walker, MN 56484December 01, 1902Full Service Brick and Mortar
1207410Longville BranchFirst Street, Longville, MN 56655Febuary 21, 1978Full Service Brick and Mortar
2207411Akeley BranchState Trunk Highways 64 And 34, Akeley, MN 56433March 12, 1979Full Service Brick and Mortar
3189453Hackensack BranchHighway 371 And Whipple Avenue, Hackensack, MN 56452May 16, 1978Full Service Brick and Mortar
4189454Backus BranchHighway 87 West, Backus, MN 56435December 15, 1990Full Service Brick and Mortar
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