Western National Bank in Cass Lake, Minnesota (MN)



Show street view No street view available for this location

Western National Bank routing number info

Table of contents:
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
Securities$6,899
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
Surplus$2,412
Undivided profits $728
Memoranda
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
Derivatives$0
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Memoranda
Average assets$15
Average earning assets$33,600
Average equity $3,202
Average loans $30,538
Back to page top, Back to table top

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
Back to page top

User Contributions:

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

CAPTCHA


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