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

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

  • General
  • FDIC Certificate #: 5270
    Status: Active
    Federal Reserve ID: 837354
    Bank Holding Company (Regulatory Top Holder): Frankson Investment Corporation (RSSDID: 1122534, Location: Waseca, MN)
    Date Established: December 18, 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: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 11110
    FDIC's unique #: 3541
    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: 101 North State Street, Waseca, MN 56093
    County: Waseca
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $115.2 mil
    Equity capital: $11.9 mil
    Deposits held in domestic offices: $99.5 mil
    Return on assets (ROA): 1.63% ($1.9 mil)
    Quarterly return on assets: 1.39% ($1.6 mil)
    Return on Equity (ROE): 15.70% ($1.9 mil)
    Quarterly return on equity: 13.29% ($1.6 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.63% ($1,877.9 mil)
    Quarterly Pretax return on assets: 1.39% ($1,601.4 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
  • 41Total employees (full-time equivalent)
  • $115,207Total assets
  • $14,284Cash and due from depository institutions
  • $8,723Interest-bearing balances
  • $5,373Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $84,330Net loans & leases
  • $1,379Loan loss allowance
  • $0Trading account assets
  • $2,372Bank premises and fixed assets
  • $9Other real estate owned
  • $1,589Goodwill and other intangibles
  • $115,207Life insurance assets
  • $7,250All other assets
  • $103,289Total liabilities and capital
  • $99,536Total liabilities
  • $79,698Total deposits
  • $99,536Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,700Trading liabilities
  • $0Other borrowed funds
  • $1,053Subordinated debt
  • $11,918All other liabilities
  • $11,918Total equity capital
  • $11,918Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $5,543Surplus
  • $6,175Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,368Income earned, not collected on loans
  • $0Earning assets
  • $614Long-term assets (5+ years)
  • $98,426Average Assets, year-to-date
  • $28,225Average Assets, quarterly
  • $114,793Volatile liabilities
  • $114,856Insider loans
  • $112,141FHLB advances
  • $115,882Loans and leases held for sale
  • $2,872Unused loan commitments
  • $2,872Tier 1 (core) risk-based capital
  • $10,629Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,502Restructured Loans and leases
  • $1,072Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,679Total interest income
  • $732Total interest expense
  • $4,947Net interest income
  • $250Provision for loan and lease losses
  • $1,026Total noninterest income
  • $0Fiduciary activities
  • $300Service charges on deposit accounts
  • $0Trading account gains & fees
  • $726Additional noninterest income
  • $3,856Total noninterest expense
  • $2,148Salaries and employee benefits
  • $491Premises and equipment expense
  • $1,217Additional noninterest expense
  • $1,867Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,867Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,867Net income attributable to bank
  • $0Net charge-offs
  • $1,867Cash dividends
  • $286Sale, conversion, retirement of capital stock, net
  • $1,700Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.86%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 5.10%Net interest margin
  • 1.06%Noninterest income to earning assets
  • 3.98%Noninterest expense to earning assets
  • 1.63%Net operating income to assets
  • 1.63%Return on assets (ROA)
  • 1.63%Pretax return on assets
  • 15.70%Return on equity (ROE)
  • 1.40%Retained earnings to average equity (YTD only)
  • 0.33%Net charge-offs to loans
  • 87.41%Credit loss provision to net charge-offs
  • 7.40%Efficiency ratio
  • 64,540Assets per employee
  • 2.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 91.06%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 100.80%Noncurrent assets plus other real estate owned to assets
  • 1.20%Noncurrent loans to loans
  • 1.60%Net loans and leases to deposits
  • 84.72%Net loans and leases to core deposits
  • 87.23%Equity capital to assets
  • 10.34%Core capital (leverage) ratio
  • 9.17%Tier 1 risk-based capital ratio
  • 9.48%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $114,793Average earning assets
  • $11,893Average equity
  • $96,989Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03541The First National Bank Of Waseca101 North State Street, Waseca, MN 56093December 18, 1902Full Service Brick and Mortar
    16248Ellendale Branch119 Fifth Avenue, Ellendale, MN 56026October 01, 1900Full Service Brick and Mortar
    26251Hope BranchMain Street, Hope, MN 56046July 01, 1915Full Service Brick and Mortar

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