Western National Bank in Duluth, Minnesota (MN)



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Western National Bank
GeneralFDIC Certificate #: 5131
Status: Active
Federal Reserve ID: 127055
Bank Holding Company (Regulatory Top Holder): Western Bancorporation, Inc. (RSSDID: 3271267, Location: Duluth, MN)
Date Established: January 04, 1904
WWW: http://www.wbduluth.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: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 12883
FDIC's unique #: 3433
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: Febuary 26, 2007
Last Structure Change Process Date: September 04, 2007
Last Data Update: September 04, 2007
Data Source Date: April 05, 2012
LocationAddress: 201 North Central Avenue, Duluth, MN 55807
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 ChangesChange in Location
Financial SummaryTotal assets: $119.6 mil
Equity capital: $12.5 mil
Deposits held in domestic offices: $105.7 mil
Return on assets (ROA): 1.00% ($1.2 mil)
Quarterly return on assets: 0.76% ($0.9 mil)
Return on Equity (ROE): 9.81% ($1.3 mil)
Quarterly return on equity: 7.52% ($1.0 mil)
Net income: $1.2 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.00% ($1,196.0 mil)
Quarterly Pretax return on assets: 0.76% ($909.0 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)31
Total assets$119,603
Cash and due from depository institutions$20,073
Interest-bearing balances$3,040
Securities$10,500
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$77,691
Loan loss allowance $829
Trading account assets$0
Bank premises and fixed assets$3,734
Other real estate owned$687
Goodwill and other intangibles$3,120
All other assets$3,798
Life insurance assets$119,603
Total liabilities and capital$107,082
Total liabilities$105,655
Total deposits$91,735
Interest-bearing deposits$105,655
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,000
Other borrowed funds $0
Subordinated debt $427
All other liabilities $12,521
Total equity capital$12,521
Total bank equity capital$12,521
Perpetual preferred stock$0
Common stock$200
Surplus$11,858
Undivided profits $463
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 $196
Earning assets $0
Long-term assets (5+ years) $437
Average Assets, year-to-date $91,231
Average Assets, quarterly $19,405
Volatile liabilities $122,487
Insider loans $123,850
FHLB advances $88,032
Loans and leases held for sale $122,520
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $9,424
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,426
Derivatives$341
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,785
Total interest expense $1,375
Net interest income $4,410
Provision for loan and lease losses $150
Total noninterest income $690
Fiduciary activities $0
Service charges on deposit accounts $229
Trading account gains & fees $0
Additional noninterest income $461
Total noninterest expense $3,725
Salaries and employee benefits $1,476
Premises and equipment expense $565
Additional noninterest expense $1,684
Pre-tax net operating income $1,225
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,225
Extraordinary gains - net $0
Net income attributable to bank $1,225
Net charge-offs $0
Cash dividends $1,225
Sale, conversion, retirement of capital stock, net $161
Net operating income $1,012
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.78%
Cost of funding earning assets 1.37%
Net interest margin 4.41%
Noninterest income to earning assets 0.69%
Noninterest expense to earning assets 3.72%
Net operating income to assets 1.00%
Return on assets (ROA) 1.00%
Pretax return on assets 1.00%
Return on equity (ROE) 9.81%
Retained earnings to average equity (YTD only) 1.71%
Net charge-offs to loans 0.20%
Credit loss provision to net charge-offs 93.17%
Efficiency ratio8.54%
Assets per employee$73,039
Cash dividends to net income (YTD only)3.86%
Condition Ratios (%)
Loss allowance to loans 82.61%
Loss allowance to noncurrent loans 1.06%
Noncurrent assets plus other real estate owned to assets 422.96%
Noncurrent loans to loans 0.74%
Net loans and leases to deposits0.25%
Net loans and leases to core deposits 73.53%
Equity capital to assets 104.70%
Core capital (leverage) ratio 10.47%
Tier 1 risk-based capital ratio 7.69%
Total risk-based capital ratio 10.71%
Memoranda
Average assets$12
Average earning assets$122,487
Average equity $12,491
Average loans $100,041
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3 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03433Western National Bank201 North Central Avenue, Duluth, MN 55807January 04, 1904Full Service Brick and Mortar
2207131Downtown Branch202 West Superior Street, Duluth, MN 55802April 04, 1994Full Service Brick and Mortar
3207132Superone Foods Branch5401 Burning Tree Road, Duluth, MN 55811November 21, 1997Full Service Brick and Mortar
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