Western National Bank in Cass Lake, Minnesota (MN)

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Western National Bank
GeneralFDIC Certificate #: 5110
Status: Active
Federal Reserve ID: 278751
Bank Holding Company (Regulatory Top Holder): Western Bancorporation, Inc. (RSSDID: 3271267, Location: Duluth, MN)
Date Established: July 01, 1902
WWW: http://www.wbcasslake.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: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 3417
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: 210 2nd Street Nw, Cass Lake, MN 56633
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: $30.9 mil
Equity capital: $3.2 mil
Deposits held in domestic offices: $26.2 mil
Return on assets (ROA): 1.36% ($0.4 mil)
Quarterly return on assets: 0.13% ($0.0 mil)
Return on Equity (ROE): 14.24% ($0.4 mil)
Quarterly return on equity: 1.23% ($0.0 mil)
Net income: $0.5 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 1.36% ($420.8 mil)
Quarterly Pretax return on assets: 0.13% ($40.2 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)11
Total assets$30,938
Cash and due from depository institutions$1,162
Interest-bearing balances$20
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$20,902
Loan loss allowance $435
Trading account assets$0
Bank premises and fixed assets$839
Other real estate owned$48
Goodwill and other intangibles$393
All other assets$695
Life insurance assets$30,938
Total liabilities and capital$27,728
Total liabilities$26,177
Total deposits$18,137
Interest-bearing deposits$26,177
Deposits held in domestic offices$75
% insured (estimated)1500.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $51
All other liabilities $3,210
Total equity capital$3,210
Total bank equity capital$3,210
Perpetual preferred stock$0
Common stock$70
Undivided profits $728
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $166
Average Assets, year-to-date $27,821
Average Assets, quarterly $13,346
Volatile liabilities $33,600
Insider loans $31,599
FHLB advances $18,841
Loans and leases held for sale $32,020
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,621
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,086
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,800
Total interest expense $118
Net interest income $1,682
Provision for loan and lease losses $81
Total noninterest income $189
Fiduciary activities $0
Service charges on deposit accounts $61
Trading account gains & fees $0
Additional noninterest income $128
Total noninterest expense $1,401
Salaries and employee benefits $708
Premises and equipment expense $114
Additional noninterest expense $579
Pre-tax net operating income $389
Securities gains (losses) $67
Applicable income taxes $0
Income before extraordinary items $456
Extraordinary gains - net $0
Net income attributable to bank $456
Net charge-offs $0
Cash dividends $456
Sale, conversion, retirement of capital stock, net $18
Net operating income $338
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.89%
Cost of funding earning assets 0.39%
Net interest margin 5.51%
Noninterest income to earning assets 0.62%
Noninterest expense to earning assets 4.59%
Net operating income to assets 1.16%
Return on assets (ROA) 1.36%
Pretax return on assets 1.36%
Return on equity (ROE) 14.24%
Retained earnings to average equity (YTD only) 3.69%
Net charge-offs to loans 0.08%
Credit loss provision to net charge-offs 450.00%
Efficiency ratio26.11%
Assets per employee$74,452
Cash dividends to net income (YTD only)2.81%
Condition Ratios (%)
Loss allowance to loans 74.12%
Loss allowance to noncurrent loans 2.04%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.16%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 79.85%
Equity capital to assets 89.82%
Core capital (leverage) ratio 10.38%
Tier 1 risk-based capital ratio 8.19%
Total risk-based capital ratio 13.91%
Average assets$15
Average earning assets$33,600
Average equity $3,202
Average loans $30,538
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03417Western National Bank210 2nd Street Nw, Cass Lake, MN 56633July 01, 1902Full Service Brick and Mortar
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