The Martin County National Bank of Fairmont in Fairmont, Minnesota (MN)

Show street view No street view available for this location
Table of contents:
The Martin County National Bank of Fairmont
GeneralFDIC Certificate #: 5145
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Profinium Financial, Inc. (#1905)
Federal Reserve ID: 939258
Date Established: January 01, 1875
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 3445
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: October 25, 2003
Last Structure Change Process Date: December 03, 2003
Last Data Update: December 03, 2003
Data Source Date: April 05, 2012
LocationAddress: 105 Lake Avenue, Fairmont, MN 56031
County: Martin
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
Core Based Statistical Area (CBSA): Fairmont, MN (#21860)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $141.0 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, 2002)
(Dollar figures in thousands)
Total employees (full-time equivalent)41
Total assets$147,882
Cash and due from depository institutions$4,262
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$13,102
Net loans & leases$95,139
Loan loss allowance $1,627
Trading account assets$0
Bank premises and fixed assets$2,231
Other real estate owned$56
Goodwill and other intangibles$3,681
All other assets$2,723
Life insurance assets$0
Total liabilities and capital$147,882
Total liabilities$130,573
Total deposits$122,049
Interest-bearing deposits$107,053
Deposits held in domestic offices$122,049
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $1,500
Trading liabilities$0
Other borrowed funds $5,781
Subordinated debt $0
All other liabilities $1,243
Total equity capital$17,309
Total bank equity capital$17,309
Perpetual preferred stock$17,309
Common stock$0
Undivided profits $14,513
Noncurrent loans and leases $2,671
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $21,704
Income earned, not collected on loans $0
Earning assets $2,074
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,067
Average Assets, quarterly $134,929
Volatile liabilities $13,237
Insider loans $143,305
FHLB advances $145,233
Loans and leases held for sale $16,063
Unused loan commitments $919
Tier 1 (core) risk-based capital $4,920
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $21,704
Restructured Loans and leases $0
Back to page top, Back to table top

Income and Expense (December 31, 2002)
(Dollar figures in thousands)
Total interest income $8,618
Total interest expense $3,169
Net interest income $5,449
Provision for loan and lease losses $0
Total noninterest income $569
Fiduciary activities $0
Service charges on deposit accounts $374
Trading account gains & fees $0
Additional noninterest income $195
Total noninterest expense $3,364
Salaries and employee benefits $2,102
Premises and equipment expense $340
Additional noninterest expense $922
Pre-tax net operating income $2,654
Securities gains (losses) $0
Applicable income taxes $918
Income before extraordinary items $1,736
Extraordinary gains - net $0
Net income attributable to bank $1,736
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $141
Net operating income $1,440
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2002)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.60%
Cost of funding earning assets 2.43%
Net interest margin 4.17%
Noninterest income to earning assets 0.44%
Noninterest expense to earning assets 2.58%
Net operating income to assets 1.21%
Return on assets (ROA) 1.21%
Pretax return on assets 1.85%
Return on equity (ROE) 9.98%
Retained earnings to average equity (YTD only) 1.70%
Net charge-offs to loans 0.15%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio18.82%
Assets per employee$55,899
Cash dividends to net income (YTD only)3.61%
Condition Ratios (%)
Loss allowance to loans 82.95%
Loss allowance to noncurrent loans 1.68%
Noncurrent assets plus other real estate owned to assets 78.45%
Noncurrent loans to loans 1.44%
Net loans and leases to deposits2.14%
Net loans and leases to core deposits 77.95%
Equity capital to assets 87.81%
Core capital (leverage) ratio 11.70%
Tier 1 risk-based capital ratio 9.20%
Total risk-based capital ratio 11.65%
Average assets$13
Average earning assets$143,305
Average equity $17,402
Average loans $130,584
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Martin County National Bank of Fairmont.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.