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

The Miners National Bank of Eveleth - Overview

  • General
  • FDIC Certificate #: 5141
    Status: Active
    Federal Reserve ID: 43856
    Date Established: October 10, 1903
    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: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 13578
    FDIC's unique #: 3441
    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: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    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: 401 Grant Avenue, Eveleth, MN 55734
    County: St. Louis
    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): Duluth-Superior, MN-WI (#2240)
    Core Based Statistical Area (CBSA): Duluth, MN-WI (#20260)
    CBSA Metro Statistical Area: Duluth, MN-WI (#20260)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $49.9 mil
    Equity capital: $5.0 mil
    Deposits held in domestic offices: $44.4 mil
    Return on assets (ROA): 0.26% ($0.1 mil)
    Quarterly return on assets: 0.20% ($0.1 mil)
    Return on Equity (ROE): 2.56% ($0.1 mil)
    Quarterly return on equity: 2.01% ($0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.27% ($134.7 mil)
    Quarterly Pretax return on assets: 0.27% ($134.7 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
  • 16Total employees (full-time equivalent)
  • $49,874Total assets
  • $13,197Cash and due from depository institutions
  • $11,282Interest-bearing balances
  • $17,276Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $17,539Net loans & leases
  • $262Loan loss allowance
  • $0Trading account assets
  • $434Bank premises and fixed assets
  • $7Other real estate owned
  • $0Goodwill and other intangibles
  • $49,874Life insurance assets
  • $1,421All other assets
  • $44,920Total liabilities and capital
  • $44,381Total liabilities
  • $35,221Total deposits
  • $44,381Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $539Subordinated debt
  • $4,954All other liabilities
  • $4,954Total equity capital
  • $4,954Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $150Surplus
  • $4,654Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $234Income earned, not collected on loans
  • $0Earning assets
  • $152Long-term assets (5+ years)
  • $46,097Average Assets, year-to-date
  • $9,965Average Assets, quarterly
  • $47,879Volatile liabilities
  • $50,281Insider loans
  • $21,545FHLB advances
  • $50,518Loans and leases held for sale
  • $671Unused loan commitments
  • $671Tier 1 (core) risk-based capital
  • $4,838Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,688Restructured Loans and leases
  • $697Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,817Total interest income
  • $286Total interest expense
  • $1,531Net interest income
  • $0Provision for loan and lease losses
  • $157Total noninterest income
  • $0Fiduciary activities
  • $80Service charges on deposit accounts
  • $0Trading account gains & fees
  • $77Additional noninterest income
  • $1,560Total noninterest expense
  • $991Salaries and employee benefits
  • $122Premises and equipment expense
  • $447Additional noninterest expense
  • $128Pre-tax net operating income
  • $0Securities gains (losses)
  • $4Applicable income taxes
  • $124Income before extraordinary items
  • $0Extraordinary gains - net
  • $124Net income attributable to bank
  • $0Net charge-offs
  • $124Cash dividends
  • -$3Sale, conversion, retirement of capital stock, net
  • $50Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.23%Yield on earning assets
  • 0.67%Cost of funding earning assets
  • 3.56%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 3.63%Noninterest expense to earning assets
  • 0.26%Net operating income to assets
  • 0.26%Return on assets (ROA)
  • 0.27%Pretax return on assets
  • 2.56%Return on equity (ROE)
  • 1.53%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 92,417Assets per employee
  • 3.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.32%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 111.97%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 1.31%Net loans and leases to deposits
  • 39.52%Net loans and leases to core deposits
  • 44.32%Equity capital to assets
  • 9.93%Core capital (leverage) ratio
  • 9.58%Tier 1 risk-based capital ratio
  • 22.46%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $47,879Average earning assets
  • $4,845Average equity
  • $42,952Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03441The Miners National Bank Of Eveleth401 Grant Avenue, Eveleth, MN 55734October 10, 1903Full Service Brick and Mortar

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