Western National Bank in Cass Lake, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Western National Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 11Total employees (full-time equivalent)
  • $30,938Total assets
  • $1,162Cash and due from depository institutions
  • $20Interest-bearing balances
  • $6,899Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $20,902Net loans & leases
  • $435Loan loss allowance
  • $0Trading account assets
  • $839Bank premises and fixed assets
  • $48Other real estate owned
  • $393Goodwill and other intangibles
  • $30,938Life insurance assets
  • $695All other assets
  • $27,728Total liabilities and capital
  • $26,177Total liabilities
  • $18,137Total deposits
  • $26,177Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 1500.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $51Subordinated debt
  • $3,210All other liabilities
  • $3,210Total equity capital
  • $3,210Total bank equity capital
  • $0Perpetual preferred stock
  • $70Common stock
  • $2,412Surplus
  • $728Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $166Long-term assets (5+ years)
  • $27,821Average Assets, year-to-date
  • $13,346Average Assets, quarterly
  • $33,600Volatile liabilities
  • $31,599Insider loans
  • $18,841FHLB advances
  • $32,020Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,621Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,086Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,800Total interest income
  • $118Total interest expense
  • $1,682Net interest income
  • $81Provision for loan and lease losses
  • $189Total noninterest income
  • $0Fiduciary activities
  • $61Service charges on deposit accounts
  • $0Trading account gains & fees
  • $128Additional noninterest income
  • $1,401Total noninterest expense
  • $708Salaries and employee benefits
  • $114Premises and equipment expense
  • $579Additional noninterest expense
  • $389Pre-tax net operating income
  • $67Securities gains (losses)
  • $0Applicable income taxes
  • $456Income before extraordinary items
  • $0Extraordinary gains - net
  • $456Net income attributable to bank
  • $0Net charge-offs
  • $456Cash dividends
  • $18Sale, conversion, retirement of capital stock, net
  • $338Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.89%Yield on earning assets
  • 0.39%Cost of funding earning assets
  • 5.51%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 4.59%Noninterest expense to earning assets
  • 1.16%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 14.24%Return on equity (ROE)
  • 3.69%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 450.00%Credit loss provision to net charge-offs
  • 26.11%Efficiency ratio
  • 74,452Assets per employee
  • 2.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.12%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 79.85%Net loans and leases to core deposits
  • 89.82%Equity capital to assets
  • 10.38%Core capital (leverage) ratio
  • 8.19%Tier 1 risk-based capital ratio
  • 13.91%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $33,600Average earning assets
  • $3,202Average equity
  • $30,538Average loans

List of branches

  • 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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