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


The First National Bank of Walker - Overview

  • General
  • FDIC 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
    WWW: http://www.fnbwalker.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: 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 69Total employees (full-time equivalent)
  • $293,316Total assets
  • $6,441Cash and due from depository institutions
  • $2,714Interest-bearing balances
  • $76,410Securities
  • $22,275Federal funds sold & reverse repurchase agreements
  • $180,273Net loans & leases
  • $2,625Loan loss allowance
  • $0Trading account assets
  • $1,755Bank premises and fixed assets
  • $2,566Other real estate owned
  • $114Goodwill and other intangibles
  • $293,316Life insurance assets
  • $3,482All other assets
  • $259,500Total liabilities and capital
  • $251,341Total liabilities
  • $229,073Total deposits
  • $251,341Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 6613.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,546Subordinated debt
  • $33,816All other liabilities
  • $33,816Total equity capital
  • $33,816Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $200Surplus
  • $33,216Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,554Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,278Income earned, not collected on loans
  • $0Earning assets
  • $1,419Long-term assets (5+ years)
  • $281,672Average Assets, year-to-date
  • $9,749Average Assets, quarterly
  • $289,703Volatile liabilities
  • $295,589Insider loans
  • $187,861FHLB advances
  • $295,990Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $33,361Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,036Restructured Loans and leases
  • $1,512Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,908Total interest income
  • $3,534Total interest expense
  • $10,374Net interest income
  • $1,040Provision for loan and lease losses
  • $2,160Total noninterest income
  • $0Fiduciary activities
  • $685Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,475Additional noninterest income
  • $6,900Total noninterest expense
  • $4,329Salaries and employee benefits
  • $865Premises and equipment expense
  • $1,706Additional noninterest expense
  • $4,594Pre-tax net operating income
  • $0Securities gains (losses)
  • $5Applicable income taxes
  • $4,589Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,589Net income attributable to bank
  • $0Net charge-offs
  • $4,589Cash dividends
  • $599Sale, conversion, retirement of capital stock, net
  • $3,142Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.05%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 2.51%Noninterest expense to earning assets
  • 1.58%Net operating income to assets
  • 1.58%Return on assets (ROA)
  • 1.59%Pretax return on assets
  • 13.66%Return on equity (ROE)
  • 4.31%Retained earnings to average equity (YTD only)
  • 0.33%Net charge-offs to loans
  • 173.62%Credit loss provision to net charge-offs
  • 9.41%Efficiency ratio
  • 54,978Assets per employee
  • 4.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.47%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 115.23%Noncurrent assets plus other real estate owned to assets
  • 1.65%Noncurrent loans to loans
  • 1.25%Net loans and leases to deposits
  • 71.72%Net loans and leases to core deposits
  • 75.21%Equity capital to assets
  • 11.53%Core capital (leverage) ratio
  • 11.27%Tier 1 risk-based capital ratio
  • 17.76%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $289,703Average earning assets
  • $33,599Average equity
  • $275,432Average loans

List of branches

  • 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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